Annuity Rewards
Status:
Terminated
Internal name:
Sequence:
1
Rider select rule:
Optional
Participant based on:
Owner
Inception date:
Closed date:
2010-03-15
States available:
State exceptions:
Notes:
Benefit offers ability to capture any market gains from contract issue as an enhancement to death benefit, so beneficiaries will not receive less than annuity's value as of effective date of benefit. Benefit guarantees that death benefit will not be less than contract value in variable accounts plus interim value in MVA fixed allocations as of effective date of benefit, minus proportional withdrawals, plus subsequent purchase payments. If death benefit amount under basic death benefit or any optional death benefits is greater than enhanced Death Benefit under annuity rewards benefit, beneficiary will receive higher amount.
When added:
No longer available for new purchases.
Feature cases
| Case name | Current charge (%) | Max charge (%) | Owner age (min–max) | Annuitant age (min–max) |
|---|---|---|---|---|
| Annuity Rewards | 0 |