ED
● Active
Enhanced Death Benefit
American National Insurance Company
DTCC ID
—
COMPANY
American National Insurance Company
TYPE
Indexed Annuity
INCEPTION
—
Identity
Benefit name
Enhanced Death Benefit
Internal benefit name
Enhanced Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Jan 17, 2019
Life & Age
Based on life
Owner
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 same proportion.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Rider will increases death benefit by 45% (25% if owner is between age 70 to 74, 20% for age 75 to 80 and 15% if owner is age 81 or older at the time of contract issue) of the contract value less the adjusted premium. At issue adjusted premium is initial premium minus any charges.
Lifecycle Events
Termination
May be cancelled any time after election. Benefit will automatically terminate upon earliest of - 1) death, 2) annuitization or 3) surrender.
Available when added
Only at contract issue.