IG
● Active
Interest Guaranteed Death Benefit
Variable Annuity Life Insurance Company
DTCC ID
—
COMPANY
Variable Annuity Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Interest Guaranteed Death Benefit
Internal benefit name
Interest Guaranteed Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
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
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant, benefit will be greater of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. This death benefit is payable only if death occurs Before age 70 or in state NY or contract issued in connection with an employer-sponsored retirement plan in state FL.
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.