EA
● Terminated
Equity Assurance Plan
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Apr 02, 2001
Identity
Benefit name
Equity Assurance Plan
Internal benefit name
Equity Assurance Plan
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
Apr 02, 2001
Closed date
—
DTCC Rider ID
—
Last modified
Aug 26, 2024
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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
—
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
The death benefit is the greater of:(1) The Contract Value (2) An amount equal to (a) plus (b)- (a) Total premiums paid up to the first Contract Anniversary following 85th birthday, adjusted for surrenders, and accumulated with compound interest based on the time elapsed:0% per annum for the first 24 months. 2% per annum for the 25th through 48th months. 4% per annum for the 49th through 72nd months. 6% per annum for the 73rd through 96th months. 8% per annum for the 97th through 120th months. 10% per annum (maximum for 10 years) if death occurs more than 120 months from the date of premium payment. b) All premiums paid after the first Contract Anniversary following the insured’s 85th birthday, adjusted for surrenders.
Lifecycle Events
Available when added
No longer available for new purchases.