Beacon Data Entry
7 Year Enhanced Death Benefit
7Y
● Terminated

7 Year Enhanced Death Benefit

The Guardian Insurance & Annuity Company
DTCC ID
COMPANY The Guardian Insurance & Annuity Company
INCEPTION
CLOSED Oct 01, 1991
Benefit name
7 Year Enhanced Death Benefit
Internal benefit name
7 Year Enhanced Death Benefit
Status
● Terminated
Inception date
Closed date
01 Oct 1991
Benefit description
Available during accumulation phase. Upon death of annuitant, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) adjusted accumulation value on reset date. Adjusted accumulation value is equal to highest contract value calculated on each 7th contract anniversary, increased by purchase payments and reduced for withdrawals made after reset date.