GO
● Active
Greater of 6% Roll-Up to Age 85 or Annual Ratchet to Age 85 Death Benefit
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
TYPE
Variable Annuity
INCEPTION
May 01, 2002
Identity
Benefit name
Greater of 6% Roll-Up to Age 85 or Annual Ratchet to Age 85 Death Benefit
Internal benefit name
Greater of 6% Roll-Up to Age 85 or Annual Ratchet to Age 85 Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
May 01, 2002
Closed date
—
DTCC Rider ID
—
Last modified
Dec 21, 2021
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 death of owner, benefit will be greater of - 1) 6% Roll-up to Age 85 or 2) Annual Ratchet to Age 85. 6% Roll-up to Age 85 equals - 1) initial purchase payment and any subsequent purchase payment made plus 2) daily roll-up adjusted for withdrawals, prior to owner's 86th birthday. Effective annual roll-up rate credited to benefit base is 6% of variable account value (3% for some selected sub-accounts and fixed account value). Annual Ratchet to Age 85 is equal to greater of - 1) total purchase payments or 2) highest contract value on any contract anniversary, prior to owner's 86th birthday adjusted for withdrawals added to any purchase payments made.
Lifecycle Events
Cancellation
May be cancelled any time after election for a limited time.
Termination
Once elected may not be terminated.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.