Estate Benefit Payment

Estate Benefit Payment provides additional financial support to the beneficiary, effectively increasing the total death benefit. This can be especially significant in managing estate planning and ensuring sufficient financial resources for beneficiaries. If you are age 60 or younger, the estate benefit payment will equal the lesser of (a) 70% of net premium or (b) 70% of the Contract Value less net premium. If you are between ages61 and 70 the estate benefit payment will equal the lesser of (a) 50% of net premium or (b) 50% of the Contract Value less net premium. If you are between ages 71 and 80 the estate benefit payment will equal the lesser of (a) 30% of net premium or (b) 30% of the Contract Value less net premium. estate benefit payment will not be available if your spouse is older than 80.