AR
● Terminated
Annual Ratchet Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
INCEPTION
Jan 31, 1991
CLOSED
—
Identity
Benefit name
Annual Ratchet Death Benefit
Internal benefit name
Annual Ratchet Death Benefit
Status
● Terminated
Inception date
31 Jan 1991
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1) contract value; 2) total purchase payments adjusted for withdrawals; or 3) The lesser of - a)highest contract value achieved on any anniversary plus any Net Purchase Payments, b)200% of Net Purchase Payments.