Beacon Data Entry
Annual Step-Up Death Benefit
AS
● Terminated

Annual Step-Up Death Benefit

Nassau Financial Group
DTCC ID
COMPANY Nassau Financial Group
INCEPTION
CLOSED Sep 01, 2009
Benefit name
Annual Step-Up Death Benefit
Internal benefit name
Annual Step-Up Death Benefit
Status
● Terminated
Inception date
Closed date
01 Sep 2009
Benefit description
Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) annual step-up amount. Annual step-up amount equals highest contract value calculated on any contract anniversary, prior to owner's age 80, increased by purchase payments made and reduced by withdrawals.