ER
● Terminated
Estate Rewards Death Benefit - Maximum Anniversary Value Option
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jul 09, 2001
Identity
Benefit name
Estate Rewards Death Benefit - Maximum Anniversary Value Option
Internal benefit name
Estate Rewards Death Benefit - Maximum Anniversary Value Option
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Jul 09, 2001
Closed date
Jan 26, 2007
DTCC Rider ID
—
Last modified
Aug 22, 2024
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 prior to age 83, benefit will be greatest of - 1) contract value, 2) net purchase payments, or 3) highest contract value on any contract anniversary. Upon death of owner age between 83 and 85, benefit will be greater of - 1) contract value, or 2) net purchase payments, thereafter, benefit will be equal to contract value.
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
Issuer will recalculate benefit amount upon change in ownership.