PP
● Terminated
Purchase Payment Accumulation Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Feb 08, 1993
Identity
Benefit name
Purchase Payment Accumulation Death Benefit
Internal benefit name
Purchase Payment Accumulation Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
Feb 08, 1993
Closed date
Apr 30, 2008
DTCC Rider ID
—
Last modified
Jun 26, 2025
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base by dollar-for-dollar amount.
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. Purchase Payment Accumulation Option determines the death benefit as the highest of three values: Contract Value 2) Net Purchase Payments: Compounded at a 3% annual growth rate until the earlier of the 75th birthday or date of death, adjusted for withdrawals after the 75th birthday in proportion to the contract value reduction, and including any Purchase Payments received after the 75th birthday. 3)Contract Value on the Seventh Anniversary: Adjusted for withdrawals since that anniversary in proportion to the contract value reduction, and including any Purchase Payments made after the seventh anniversary. This option must be elected prior to the insured's 75th birthday.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.