DB
● Terminated
Death Benefit - Option 2
Empower Annuity Insurance Company of America
DTCC ID
—
COMPANY
Empower Annuity Insurance Company of America
TYPE
Variable Annuity
INCEPTION
May 01, 2012
Identity
Benefit name
Death Benefit - Option 2
Internal benefit name
Death Benefit - Option 2
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
May 01, 2012
Closed date
Feb 28, 2019
DTCC Rider ID
—
Last modified
Sep 30, 2020
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
—
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Contact Issuer for details.
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
The amount of the Death Benefit under Option 2 will be the greater of: the Annuity Account Value as of the date we receive a Request for the payout of the Death Benefit, minus any Premium Tax; or the sum of Contributions applied to the Contract in both the Investment Segment and the Income Segment, as of the date the Request for payment is received, less the proportionate impact of any distributions, partial or periodic withdrawals and Premium Tax, if any.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.