BD
● Active
Basis Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Sep 02, 1999
Identity
Benefit name
Basis Death Benefit
Internal benefit name
Basis Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Sep 02, 1999
Closed date
—
DTCC Rider ID
—
Last modified
Oct 01, 2024
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
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
—
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) net purchase payment( purchase payment adjusted after partial surrenders), 2)account value adjusted at the end of the valuation period after receiving proof of death and election of the death benefit payment or 3) Highest contract value at seventh contract anniversary adjusted proportionally for surrenders.
Lifecycle Events
—