PP
● Active
Protected Premium Death Benefit
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
TYPE
Variable Annuity
INCEPTION
Jul 20, 2015
Identity
Benefit name
Protected Premium Death Benefit
Internal benefit name
Protected Premium Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Jul 20, 2015
Closed date
—
DTCC Rider ID
—
Last modified
May 09, 2025
Life & Age
Based on life
Owner
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.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Not Applicable.
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) contract value, or 2) purchase payments adjusted for withdrawals. PPDB is not available for election by Inherited NQ Owners.
Lifecycle Events
Cancellation
May be cancelled any time after election.
Termination
Benefit will automatically terminate upon earliest of - 1) Income Edge Effective Date (For NQ); 2) death.
Available when added
Only at contract issue.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.