PP
● Terminated
Protection Plus Benefit
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
TYPE
Variable Annuity
INCEPTION
Sep 15, 2003
Identity
Benefit name
Protection Plus Benefit
Internal benefit name
Protection Plus Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
6
Inception date
Sep 15, 2003
Closed date
May 01, 2008
DTCC Rider ID
—
Last modified
May 22, 2025
Life & Age
Based on life
Owner and 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
None.
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, Issuer will add 40% of earnings (25% if annuitant ages between 70 to 75) to any death benefit payable under contract. Earnings are amount by which sum of contract value, exceeds remaining purchase payments. Issuer may not calculate earnings in case total adjusted purchase payments exceeds contract value on assessment date.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.