HA
● Active
Highest Anniversary Value Death Benefit
Jackson National Life Insurance Company of New York
DTCC ID
—
COMPANY
Jackson National Life Insurance Company of New York
TYPE
Variable Annuity
INCEPTION
Apr 30, 2018
Identity
Benefit name
Highest Anniversary Value Death Benefit
Internal benefit name
Highest Anniversary Value Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
3
Inception date
Apr 30, 2018
Closed date
—
DTCC Rider ID
—
Last modified
Apr 30, 2025
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
Not Applicable.
Partial withdrawals
Withdrawals reduce the Benefit Base on a dollar-for-dollar basis, proportional to the reduction in the Contract Value.
Required min distributions
Not Applicable.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may continue contract after death of owner. Benefit will be terminated.
State Availability
Exception flag
No
Available in states
—
Benefit Description
During accumulation phase, upon death of owner, benefit will be greatest of - 1) contract value or 2) GMDB benefit base - which is contract value, at contract issue adjusted for any withdrawals and any premium paid (net of premium taxes), determined from rider effective date to contract anniversary immediately preceding owner's 81st birthday. Charges may increase by 0.05% annually on each 5th contract anniversary and the owner may elect to opt out of the current and future charges increases by forfeiting the highest anniversary value provision and any future increases to the GMDB benefit base. Upon such election, no future payments will be allowed.
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
Ownership may be changed, however covered life cannot be changed.