● Terminated

GWBL Standard Death Benefit

Equitable Financial Life Insurance Company of America

Edit

DTCC ID —

COMPANY Equitable Financial Life Insurance Company of America

TYPE Variable Annuity

INCEPTION —

Identity

Benefit name

GWBL Standard Death Benefit

Internal benefit name

GWBL Standard Death Benefit

Company

Equitable Financial Life Insurance Company of America

Product policy type

Variable Annuity

Status

● Terminated

Sequence

Inception date

—

Closed date

May 27, 2007

DTCC Rider ID

—

Last modified

Aug 19, 2020

Life & Age

Based on life

Owner

Single life

Joint life

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 dollar-for-dollar amount.

Partial withdrawals

Withdrawals will reduce benefit base by dollar-for-dollar amount.

Required min distributions

—

Coverage Flags

Exclude premium bonus

Spousal continuation option

Yes

Spousal continuation detail

Surviving spouse may elect to continue benefit after death of owner.

State Availability

Exception flag

Available in states

—

Benefit Description

Benefit is only available in conjunction with Guaranteed Withdrawal Benefit for Life. Upon death of owner, benefit will be greater of - 1) contract value or 2) standard death benefit. Standard death benefit equals initial purchase payment, adjusted for withdrawals and subsequent purchase payments. Owner must participate in Asset Allocation Program and select one of asset allocation models.

Lifecycle Events

Cancellation

Once elected may not be cancelled.

Termination

Once elected may not be terminated.

Available when added

Upon election of Guaranteed Withdrawal Benefit for Life.

Effect change ownership

Change in ownership will result in termination of rider.