EP
● Active
Earnings Preservation Benefit
Brighthouse Life Insurance Company
DTCC ID
—
COMPANY
Brighthouse Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jun 27, 2016
Identity
Benefit name
Earnings Preservation Benefit
Internal benefit name
Earnings Preservation Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
4
Inception date
Jun 27, 2016
Closed date
—
DTCC Rider ID
—
Last modified
Apr 22, 2025
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
—
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
Yes
Available in states
—
Not available in states
WA
Benefit Description
Available during accumulation phase. Upon death of owner or Annuitant, Issuer will add 40% benefit percentage (25% if owner ages between 70 to 79) to any death benefit payable under contract, reduced by total purchase payments adjusted for withdrawal and applicable charges. Contract Owners having non-qualified plans have an additional feature of controlled payout plan, where they can decide the time period for receiving the benefit by beneficiary(ies) after their death. Benefit may not be available for qualified plans.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Issuer will recalculate benefit amount upon change in ownership.