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What is the death benefit on a fixed deferred annuity?

April 26, 2017Annuity benefit death Deferred fixed

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What is the death benefit on a fixed deferred annuity?

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The death benefit on most fixed deferred annuities is equal to the full contract value, i.e. premium plus accrued interest compounded annually and credited daily minus any prior withdrawals, calculated as of the date of death.