OE
● Terminated
Optional Enhanced Death Benefit
Genworth Life and Annuity Insurance Company
DTCC ID
—
COMPANY
Genworth Life and Annuity Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Optional Enhanced Death Benefit
Internal benefit name
Optional Enhanced Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
8
Inception date
—
Closed date
May 01, 2003
DTCC Rider ID
—
Last modified
Nov 05, 2025
Life & Age
Based on life
Annuitant
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
—
Partial withdrawals
—
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 annuitant.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant, Issuer will add 40% earnings percentage (25% if annuitant ages between 71 or older) to any death benefit payable under contract adjusted for withdrawal and applicable charges. Earnings are defined as contract value at death less total purchase payments adjusted for withdrawals on dollar-for-dollar basis. Benefit base can never be more than 70% (25% if annuitant is age 70 or older) of adjusted purchase payments. Premiums, other than the initial premium, paid within 12 months of death are not included in this calculation.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.