5R
● Terminated
5% Roll-Up to Age 80 GMDB
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
INCEPTION
Oct 18, 1999
CLOSED
Apr 30, 2012
Identity
Benefit name
5% Roll-Up to Age 80 GMDB
Internal benefit name
5% Roll-Up to Age 80 GMDB
Status
● Terminated
Inception date
18 Oct 1999
Closed date
30 Apr 2012
Description & Notes
Benefit description
The guaranteed minimum death benefit equals to :- 1) initial contribution plus 2) credit on the date of contract issue. Thereafter, the guaranteed minimum death benefit will be credited with interest each day through the annuitant's age 80. Daily roll-up of variable account value at annual rate of 5% (3% for Alliance Money Market) per annum up to age 80.