Beacon Data Entry
Guaranteed Minimum Death Benefit
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GM
● Active

Guaranteed Minimum Death Benefit

Ameritas Life Insurance Corp
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DTCC ID —
COMPANY Ameritas Life Insurance Corp
TYPE Variable Annuity
INCEPTION May 01, 2007
Identity
Benefit name
Guaranteed Minimum Death Benefit
Internal benefit name
Guaranteed Minimum Death Benefit
Company
Ameritas Life Insurance Corp
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
May 01, 2007
Closed date
—
DTCC Rider ID
—
Last modified
Jul 20, 2022
Life & Age
Based on life
Annuitant
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 in same proportion.
Required min distributions
Contact Issuer for details.
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. If Annuitant's death is received on or after the 7th Policy Anniversary and before the Policy Anniversary nearest the Annuitant's 75th birthday, the GMDB amount is greater of (i) the Accumulation Value as of the most recent 7-year Policy anniversary and (ii) the GMDB immediately preceding the most recent 7-year Policy anniversary. If Annuitant's death is received on or after the policy Anniversary nearest the Annuitant's 75th birthday and before the Policy anniversary nearest the Annuitant's 85th birthday, the GMDB is greater of (i) the Accumulation Value as of the most recent 7-year Policy anniversary on or prior to the Policy Anniversary nearest the annuitant's 75th birthday; and the GMDB immediately preceding the most recent 7-year Policy anniversary on or prior to the Policy Anniversary nearest the annuitant's 75th birthday.

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
Contact Issuer for details.