HA
● Terminated
Highest Anniversary Value Death Benefit
Delaware Life Insurance Company of New York
DTCC ID
—
COMPANY
Delaware Life Insurance Company of New York
TYPE
Variable Annuity
INCEPTION
Oct 31, 2011
Identity
Benefit name
Highest Anniversary Value Death Benefit
Internal benefit name
Highest Anniversary Value Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Oct 31, 2011
Closed date
Dec 16, 2011
DTCC Rider ID
—
Last modified
Aug 21, 2019
Life & Age
Based on life
Owner and Annuitant
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
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 annuitant.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) highest contract value calculated on any contract anniversary, prior to owner's 81st birthday, increased by purchase payments and reduced for withdrawals made since that date. Owner must select an Asset Allocation Program.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.