Beacon Data Entry
Return of Principal Death Benefit
⌘K
RO
● Terminated

Return of Principal Death Benefit

Equitable Financial Life Insurance Company
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DTCC ID —
COMPANY Equitable Financial Life Insurance Company
TYPE Variable Annuity
INCEPTION Nov 15, 2010
Identity
Benefit name
Return of Principal Death Benefit
Internal benefit name
Return of Principal Death Benefit
Company
Equitable Financial Life Insurance Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
Nov 15, 2010
Closed date
Feb 18, 2012
DTCC Rider ID
—
Last modified
Aug 25, 2020
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Issuer will recalculate benefit base upon subsequent purchase payments.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
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
No
Available in states
—
Benefit Description

Available during accumulation phase. Upon death of annuitant, benefit will be greater of - 1) protection with investment performance account value, or 2) benefit base. Benefit base is equal to - 1) initial purchase payment and subsequent purchase payment to protection with investment performance variable investment options, either directly or through a special money market dollar cost averaging program, plus 2) any amounts in account for special money market dollar cost averaging that are designated for future transfers to protection with investment performance variable investment options, and 3) amounts transferred to protection with investment performance variable investment options, less 4) deduction that reflects any withdrawals from protection with investment performance variable investment options or from amounts in a special money market dollar cost averaging program designated for protection with investment performance variable investment options.

Lifecycle Events
Cancellation
May be cancelled on - 1) contract anniversary following the date Protection with Investment Performance account is funded, or 2) expiration of all withdrawal charges. Once cancelled, may not be re-elected.
Termination
Benefit may automatically terminate under certain conditions.
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.