EB
● Terminated
EstatePlus Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 01, 2001
Identity
Benefit name
EstatePlus Benefit
Internal benefit name
EstatePlus Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
May 01, 2001
Closed date
—
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
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. Issuer will add a percentage of contract earnings, subject to a maximum dollar amount, to any death benefit payable as - for age 69 or younger at contract issue and 1) if death occurs between contract years 0 to 4 - 25% (max - 40% of Net Purchase Payments) of earnings, 2) if death occurs between contract years 5 to 9 - 40% (max - 65% of Net Purchase Payments) of earnings, and 3) if death occurs between contract years 10 or later - 50% (max - 75% of Net Purchase Payments) of earnings, thereafter, 25% (max - 40% of Net Purchase Payments) of earnings irrespective of year of death.
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.