SD
● Active
Standard Death Benefit
Variable Annuity Life Insurance Company
DTCC ID
—
COMPANY
Variable Annuity Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
May 25, 2022
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
Mandatory
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
Contact Issuer for details.
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
Yes
Available in states
—
Not available in states
NY
Benefit Description
Available during accumulation phase. Upon death of annuitant, benefit will be at least equal to sum of contract value allocated in fixed account option and variable account option. Fixed account option value is equal to greater of - value of fixed account option, or purchase payments invested in fixed account option, minus all prior withdrawals, charges and any portion of contract value applied under a Payout Option. Variable account option value is equal to greater of - value of variable account option, or purchase payments invested in variable account option, minus all prior withdrawals or transfers out of variable account. This death benefit is payable only if death occurs on or after age 70.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.