CH
● Terminated
Combination HV & Roll-Up Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 02, 2011
Identity
Benefit name
Combination HV & Roll-Up Death Benefit
Internal benefit name
Combination HV & Roll-Up Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
May 02, 2011
Closed date
Jan 22, 2012
DTCC Rider ID
—
Last modified
Dec 30, 2015
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
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, benefit will be greatest of - 1) contract value, 2) highest contract value on any contract anniversary prior to earlier of owner's 85th birthday or death adjusted for withdrawals and subsequent payments, or 3) net purchase payments made prior to owner's 80th birthday, accumulated at 5% up to earlier of - i) 15th contract anniversary, ii) owner's 80th birthday, or iii) death, adjusted for withdrawals and subsequent payments.
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.