EE
● Terminated
Earnings Enhancement Benefit
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Earnings Enhancement Benefit
Internal benefit name
Earnings Enhancement Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
—
Closed date
Jun 15, 2020
DTCC Rider ID
—
Last modified
Aug 10, 2020
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 by dollar-for-dollar amount.
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. Upon the death of the owner, rider provides benefit in addition to death benefit applicable equal to 40% of greater of -1) contract value or 2) applicable death benefit less net purchase payment. State variations may apply.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
This benefit will automatically terminate, except under certain condition.
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.