ED
● Active
Enhanced Death Benefit
Annuity Investors Life Insurance Company
DTCC ID
—
COMPANY
Annuity Investors Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Enhanced Death Benefit
Internal benefit name
Enhanced Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Jan 29, 2020
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1) contract value, 2) Return of Premium Value, or 3) historic high value. Historic High Value, is equal to highest contract value calculated at any contract anniversary after first contract anniversary, prior to owner or annuitant's age 80. There is no Historic High Value before first contract anniversary. The Return of Premium Value is the total of all Purchase Payments adjusted for withdrawals.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.