Beacon Data Entry
Highest Anniversary Value Death Benefit
⌘K
HA
● Terminated

Highest Anniversary Value Death Benefit

Equitable Financial Life Insurance Company of America
Edit
DTCC ID —
COMPANY Equitable Financial Life Insurance Company of America
TYPE Variable Annuity
INCEPTION —
Identity
Benefit name
Highest Anniversary Value Death Benefit
Internal benefit name
Highest Anniversary Value Death Benefit
Company
Equitable Financial Life Insurance Company of America
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
Jun 15, 2020
DTCC Rider ID
—
Last modified
Jun 07, 2024
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
Issuer will recalculate benefit base upon subsequent purchase payments.
Partial withdrawals
Withdrawals will reduce benefit base by dollar-for-dollar amount.
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
No
Available in states
—
Benefit Description

Available during accumulation phase. Benefit base will depend on whether withdrawals are taken from contract. If owner have not taken a withdrawal from the contract, benefit base is greatest of - 1) contract value, 2) initial purchase payment and any subsequent purchase payments made to contract; or 3) highest account value on any contract date anniversary up to the contract anniversary following owner's 85th birthday. If withdrawals are taken from the contract, highest anniversary value benefit base will be reduced from the amount. At any time after a withdrawal, highest anniversary value benefit base is equal to the greatest of - 1) contract value; 2) highest anniversary value benefit base immediately following most recent withdrawal; or 3) highest account value on any contract anniversary after withdrawal and until contract anniversary following owner's 85th birthday.

Lifecycle Events
Cancellation
May be cancelled any time after election.
Termination
May be cancelled on - 1) contract anniversary following the date Protection with Investment Performance account is funded, or 2) expiration of all withdrawal charges.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.