EE
● Terminated
Expanded Estate Protection Benefit
Ameritas Life Insurance Corp
DTCC ID
—
COMPANY
Ameritas Life Insurance Corp
TYPE
Variable Annuity
INCEPTION
Aug 27, 2012
Identity
Benefit name
Expanded Estate Protection Benefit
Internal benefit name
Expanded Estate Protection Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Aug 27, 2012
Closed date
—
DTCC Rider ID
—
Last modified
Aug 08, 2020
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
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 owner or annuitant, Issuer will add 40% of benefit base to any death benefit payable under contract. Benefit base is equal to sum of - 1) contract value adjusted for subsequent payments, and 2) percentage of premium exchanged into policy. Percentage of premium exchanged into policy is 10% (20% for 2nd year, 30% for 3rd year, 40% for 4th year and 50% for 5th year or later) for 1st contract year of applicable purchase payments. Benefit base can never be more than 100% of adjusted purchase payment.
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
Contact Issuer for details.