Compounding Minimum Death Benefit

The Death Benefit is an optional feature that can be added to an annuity contract for an additional charge. If selected, this feature ensures that the death benefit payable upon the death of the annuitant will be no less than: Total Premium Payments made to the contract, plus Interest at an effective annual rate of 5% (in most states), from the date of the premium payment to the date of death. This amount will be adjusted for any partial surrenders, including interest on those partial surrenders at the same 5% rate from the date of the partial surrender to the date of death. Note: Interest is not credited after the annuitant’s 81st birthday. This feature helps ensure the death benefit grows over time, providing a higher payout for your beneficiary.