RO
● Terminated
Return of Principal Death Benefit
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
TYPE
Variable Annuity
INCEPTION
Feb 19, 2013
Identity
Benefit name
Return of Principal Death Benefit
Internal benefit name
Return of Principal Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
Feb 19, 2013
Closed date
—
DTCC Rider ID
—
Last modified
Aug 19, 2022
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
—
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 greater of - 1) initial purchase payment and any subsequent purchase payments reduced for withdrawals; or 2) contract value. If rider elected without a GMIB, is available at issue to all owners and if elected with a GMIB, is issued to owners age 20-80.
Lifecycle Events
Cancellation
May be cancelled any time after election.
Termination
May be cancelled on - 1) contract anniversary following the date Protection with Investment Performance account is funded, or 2) expiration of all withdrawal charges.
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.