Enhanced Death Benefit

An enhanced death benefit comes into play with variable annuities and refers to a death benefit that exceeds the guaranteed minimum death benefit paid to the annuitant. An enhanced death benefit is created by locking-in investment gains on a periodic basis, or when the annuitant pays a specific interest rate on their ongoing purchase payments.

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What is the difference between cash value and date of death value?

With regard to an annuity, it will completely depend on the structure of the annuity contract and any additional riders that might be attached to that contract.  At a basic level, the death value can be the initial deposit amount, less any withdrawals and market performance.  Most of the bigger companies provide a somewhat enhanced death benefit.  This usually is the initial

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