LW
● Terminated
Lifetime Withdrawal Guarantee Benefit - Death Benefit
Brighthouse Life Insurance Company of NY
DTCC ID
—
COMPANY
Brighthouse Life Insurance Company of NY
TYPE
Variable Annuity
INCEPTION
Jul 13, 2009
Identity
Benefit name
Lifetime Withdrawal Guarantee Benefit - Death Benefit
Internal benefit name
Lifetime Withdrawal Guarantee Benefit - Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
Jul 13, 2009
Closed date
Apr 29, 2013
DTCC Rider ID
—
Last modified
Sep 17, 2019
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
—
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
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 only upon election of Lifetime Withdrawal Guarantee Benefit. Upon death of owner, benefit is greatest of - 1) contract value, 2) purchase payment adjusted for withdrawals or 3) benefit base. Benefit base equals total purchase payments adjusted for withdrawals.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Lifetime Withdrawal Guarantee Benefit.
Available when added
Upon election of Lifetime Withdrawal Guarantee Benefit.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.