WI
● Terminated
Waypoint Income Death Benefit
Ameritas Life Insurance Corp
DTCC ID
—
COMPANY
Ameritas Life Insurance Corp
TYPE
Variable Annuity
INCEPTION
Dec 15, 2015
Identity
Benefit name
Waypoint Income Death Benefit
Internal benefit name
Waypoint Income Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
Dec 15, 2015
Closed date
Sep 01, 2020
DTCC Rider ID
—
Last modified
Jun 22, 2021
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
—
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
Required Minimum Distributions will not reduce the Benefit Base and will not impact the LWBA.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit under certain conditions after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Benefit is only available in conjunction with Waypoint Income Benefit. If annuitant dies and rider is in withdrawal phase, benefit will be greatest of - 1) contract value or 2) total purchase payments adjusted for withdrawals, or 3) remaining benefit base through the payment of LWBA.
Lifecycle Events
Cancellation
Benefit will automatically cancelled upon termination of Waypoint Income rider.
Termination
Benefit will automatically terminated upon termination of Waypoint Income rider.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider.