MA
● Active
Maximum Anniversary Value Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jul 09, 2001
Identity
Benefit name
Maximum Anniversary Value Death Benefit
Internal benefit name
Maximum Anniversary Value Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Jul 09, 2001
Closed date
—
DTCC Rider ID
—
Last modified
Aug 12, 2024
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
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
Issuer will recalculate benefit base upon partial withdrawal.
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, 2) net purchase payments, or 3) highest contract value on any contract anniversary prior to 81st birthday. Upon election of living benefit if owner dies at the age 90 or older, benefit will be equal to the contract value.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.