BD
● Active
Basic Death Benefit
Empower Annuity Insurance Company of America
DTCC ID
—
COMPANY
Empower Annuity Insurance Company of America
TYPE
Variable Annuity
INCEPTION
Nov 15, 1983
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Nov 15, 1983
Closed date
—
DTCC Rider ID
—
Last modified
Apr 24, 2025
Life & Age
Based on life
Owner and Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Not Applicable.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Not Applicable.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
spouse can continue the contract.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. If annuitant dies prior to age 70, benefit will be greater of - 1) contract value; or 2) total purchase payments adjusted for withdrawals. If owner dies after age 70 or Amendment Rider is elected, benefit will be equal to contract value. If Amendment Rider has been elected, amount payable on death will be contract value less any outstanding loan balance.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Effect change ownership
Owner may designate a beneficiary.