GW
● Terminated
Guaranteed Withdrawal Benefit for Life - Standard Death Benefit
Equitable Financial Life Insurance Company
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Guaranteed Withdrawal Benefit for Life - Standard Death Benefit
Internal benefit name
Guaranteed Withdrawal Benefit for Life - Standard Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
—
Closed date
Feb 13, 2009
DTCC Rider ID
—
Last modified
Nov 27, 2009
Life & Age
Based on life
Owner
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Issuer will recalculate benefit base upon partial withdrawal.
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
Yes
Available in states
—
Not available in states
NY
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, thereafter, adjusted for withdrawals and subsequent payments. Please see prospectus for details.
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 except under certain conditions.