GM
● Active
Guaranteed Minimum Death Benefit
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
TYPE
Variable Annuity
INCEPTION
Oct 16, 1996
Identity
Benefit name
Guaranteed Minimum Death Benefit
Internal benefit name
Guaranteed Minimum Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Oct 16, 1996
Closed date
—
DTCC Rider ID
—
Last modified
Nov 12, 2024
Life & Age
Based on life
Annuitant
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
None.
Partial withdrawals
withdrawals may reduce the benefit base by dollar-for-dollar basis.
Required min distributions
None.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may continue to elect the contract.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Applicable for annuitant ages 0 through 79 at issue of NQ contracts; 20 through 79 at issue of Rollover IRA, Roth Conversion IRA, Flexible Premium Roth IRA, and Rollover TSA contracts; 20 through 70 at issue of Flexible Premium IRA contracts; and 20 through 75 at issue of QP contracts. Only of the GMIB option can be selected at a time .The 5%GMIB will have roll up of 3% for the EQ/Alliance Money Market Fund ,the fixed maturity options EQ/Alliance Quality Bond and AXA Premier VIP Core Bond options and the loan reserve account.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be cancelled.
Available when added
At the time of election.
Effect change ownership
None.