Beacon Data Entry
Enhanced Beneficiary Benefit
⌘K
EB
● Terminated

Enhanced Beneficiary Benefit

New York Life Insurance and Annuity Corporation
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DTCC ID —
COMPANY New York Life Insurance and Annuity Corporation
TYPE Variable Annuity
INCEPTION May 01, 2011
Identity
Benefit name
Enhanced Beneficiary Benefit
Internal benefit name
Enhanced Beneficiary Benefit
Company
New York Life Insurance and Annuity Corporation
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
May 01, 2011
Closed date
Apr 30, 2016
DTCC Rider ID
—
Last modified
Jun 19, 2025
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 upon death of annuitant, being sole primary beneficiary, may elect to continue the policy under Enhanced Spousal Continuance Rider.
State Availability
Exception flag
No
Available in states
—
Benefit Description

Available during accumulation phase only. Upon death of owner or annuitant, Issuer will add 50% of earnings (25% if oldest owner or annuitant's age is between 71 and 75) to any death benefit payable under contract. Earnings are equal to contract value less adjusted purchase payments. If total purchase payments adjusted for withdrawals exceed contract value no earnings benefit will be paid. Applicable percentage can never be less than 40% (20% if owner or annuitant's age is 71 to 75) of earnings or greater than 60% (40% if owner or annuitant's age is 71 to 75) of earnings. Benefit base can never be more than 100% (75% if owner or annuitant's age is between 71 and 75) of adjusted purchase payments. Applicable percentages for benefit base under the EBB rider can be changed, but maximum amount will not exceed 200% of Adjusted Premium Payments. EBB Rider is not available with the Annual Death Benefit Reset Rider (ADBR) in the State of New Jersey.

Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider.