HD
● Terminated
Highest Daily Lifetime 6 Plus With Lifetime Income Accelerator - Death Benefit
Fortitude Life Insurance & Annuity Company
DTCC ID
—
COMPANY
Fortitude Life Insurance & Annuity Company
TYPE
Variable Annuity
INCEPTION
Aug 07, 2009
Identity
Benefit name
Highest Daily Lifetime 6 Plus With Lifetime Income Accelerator - Death Benefit
Internal benefit name
Highest Daily Lifetime 6 Plus With Lifetime Income Accelerator - Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
8
Inception date
Aug 07, 2009
Closed date
Sep 14, 2012
DTCC Rider ID
—
Last modified
Jun 06, 2024
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
—
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment not permitted.
Partial withdrawals
Issuer will recalculate benefit base upon partial withdrawal.
Required min distributions
None.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may not elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Benefit is only available in conjunction with Highest Daily Lifetime 6 Plus With Lifetime Income Accelerator. Upon death of annuitant, benefit will be greatest of - 1) basic death benefit; 2) optional death benefit, if elected; or 3) 300% of annual benefit payment. Annual Benefit Payment will be calculated in same manner as it is calculated under withdrawal benefits, Lifetime Income Accelerator amount is not considered for the purpose of death benefit. Death Benefit is not payable if contract Value is reduced to zero as a result of withdrawals or annuity payments are begin.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Highest Daily Lifetime 6 Plus with Lifetime Income Accelerator.
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.