TD
● Terminated
Traditional Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Apr 02, 2001
Identity
Benefit name
Traditional Death Benefit
Internal benefit name
Traditional Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
Apr 02, 2001
Closed date
—
DTCC Rider ID
—
Last modified
Sep 03, 2024
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
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
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 or annuitant, benefit will be greater of - 1)Current Contract Value Minus Recent Enhancements: The death benefit is the current Contract Value, minus any Premium Enhancements received in the 24 months prior to death.2) Total premiums paid, adjusted proportionally for any partial surrenders based on how much the Contract Value was reduced at the time of those surrenders.3)Greatest Contract Value at Seventh Anniversary, adjusted for Premium Enhancements and any surrenders made after that Anniversary.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
No longer available for new purchases.