HA
● Terminated
Highest Anniversary Value Death Benefit
Pruco Life Insurance Company of New Jersey
DTCC ID
—
COMPANY
Pruco Life Insurance Company of New Jersey
TYPE
Variable Annuity
INCEPTION
Feb 11, 2010
Identity
Benefit name
Highest Anniversary Value Death Benefit
Internal benefit name
Highest Anniversary Value Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
Feb 11, 2010
Closed date
Aug 20, 2012
DTCC Rider ID
—
Last modified
Aug 24, 2015
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
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 in same proportion.
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 owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1) total purchase payments adjusted for withdrawal, 2) contract value, or 3) highest anniversary value. Initially highest anniversary value is equal to contract value, thereafter on any contract anniversary, equal to greater of - 1) previous highest anniversary value, or 2) contract value on each anniversary prior to target date adjusted for withdrawals and subsequent payments made since that date. Target date is later of - 1) contract anniversary following owner's 80th birthday, or 2) 5th contract anniversary.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon earliest of - 1) death, 2) annuitization, 3) surrender, or 4) contract value reduces to zero.
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.