EA
● Active
Equity Assurance Plan
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jul 04, 1998
Identity
Benefit name
Equity Assurance Plan
Internal benefit name
Equity Assurance Plan
Product policy type
Variable Annuity
Status
● Active
Sequence
5
Inception date
Jul 04, 1998
Closed date
—
DTCC Rider ID
—
Last modified
Oct 02, 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)Seventh Anniversary Value (3) 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% (0-24 months) 2% (25-48 months) 4% (49-72 months) 6% (73-96 months) 8% (97-120 months) 10% (more than 120 months, max 10 years) b)All premiums paid after the first Contract Anniversary following the insured’s 85th birthday.
Lifecycle Events
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