RO
● Active
Return of Purchase Payment Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jan 24, 2022
Identity
Benefit name
Return of Purchase Payment Death Benefit
Internal benefit name
Return of Purchase Payment Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Jan 24, 2022
Closed date
Jul 28, 2023
DTCC Rider ID
—
Last modified
Aug 01, 2023
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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 and are not allowed after attainment of age 76 for owner and/or annuitant.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
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 greatest of -1) contract value, or 2) net purchase payments.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.