BD
● Active
Basic Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
INCEPTION
Mar 10, 2014
CLOSED
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Active
Inception date
10 Mar 2014
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase, the benefit will be the greater of: (1) the contract value, which includes any interest credited based on index performance or (2) the Minimum Withdrawal Value. The Beneficiary Protection Option is available by paying the death benefit directly to the chosen beneficiaries, avoiding probate. They will receive the greater of the contract value with interest or a guaranteed minimum amount, ensuring a quicker and more secure payout.