AR
● Terminated
Annual Ratchet Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
INCEPTION
Apr 02, 2001
CLOSED
—
Identity
Benefit name
Annual Ratchet Death Benefit
Internal benefit name
Annual Ratchet Death Benefit
Status
● Terminated
Inception date
02 Apr 2001
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1)Current Contract Value Minus Recent enhancement received in the last 24 months. 2) total premiums paid, reduced proportionally by any partial surrender. 3)highest Contract Value at any Contract Anniversary, minus any recent Premium Enhancements, adjusted for any surrenders made after that Anniversary.