Common use of Death Benefit Amount Clause in Contracts

Death Benefit Amount. If the Certificate Holder/Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the Account. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's Home Office. The amount of the death benefit is determined as follows: (a) Death of Certificate Holder/Annuitant less than 85 years of age: The guaranteed death benefit is the greatest of: (1) The sum of all Net Purchase Payment(s) made to the Account (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Account; (2) The highest step-up value as of the date of death. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the Account's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary. (3) The Account's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the Account's Current Value is determined as of the date of death. Any excess amount will be deposited to the Account and allocated to Aetna Variable Encore Fund as of the claim date. The Current Value on the claim date plus any excess amount deposited becomes the Account's Current Value.

Death Benefit Amount. If the Certificate Holder/Holder or Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the Account. If the Account is owned jointly, the death benefit is paid at the death of the first joint Certificate Holder to die. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's Home Office. The amount of the death benefit is determined as follows: (a) Death of Certificate Holder/Annuitant less than 85 years of age: The guaranteed death benefit is the greatest of: (1) The sum of all Net Purchase Payment(s) made to the Account (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Account; (2) The highest step-up value as of the date of death. A step-up value is determined on each anniversary of the Effective Date. Each step-step up value is calculated as the Account's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary. (3) The Account's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the Account's Current Value is determined as of the date of death. Any excess amount will be deposited to the Account and allocated to Aetna Variable Encore Fund as of the claim date. The Current Value on the claim date plus any excess amount deposited becomes the Account's Current Value. (b) Death of Annuitant age 85 or greater: The death benefit amount is the greatest of:

Death Benefit Amount. If the Certificate Holder/Holder or Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the Account. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's Home Office. The amount of the death benefit is determined as follows: (a) Death of Certificate Holder/Annuitant less than 85 75 years of age: The guaranteed death benefit is the greatest of: (1) The sum of all Net Purchase Payment(s) made to the Account (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Account; (2) The highest step-up value as of the date of death. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the Account's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary. (3) The Account's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the Account's Current Value is determined as of the date of death. Any excess amount will be deposited to in the Account and allocated to the Aetna Variable Encore Fund as of the claim date. The Current Value on the claim date date, plus any excess amount deposited deposited, becomes the Account's Current Value. (b) Death of Certificate Holder/Annuitant age 75 or greater: The death benefit amount is the greatest of: (1) The sum of all Net Purchase Payment(s) made to the Account (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Account; (2) The highest step-up value prior to the Certificate Holder's 75th birthday. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the Account's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary.

Death Benefit Amount. If the Certificate Holder/Contract Holder or Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the AccountContract. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's Home Office. The amount of the death benefit is determined as follows: (a) Death of Certificate HolderContract Xxxxxx/Annuitant less than 85 75 years of age: The guaranteed death benefit is the greatest of: (1) The sum of all Net Purchase Payment(s) made to the Account Contract (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the AccountContract; (2) The highest step-up value as of the date of death. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the AccountContract's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary. (3) The AccountContract's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the AccountContract's Current Value is determined as of the date of death. Any excess amount will be deposited to in the Account Contract and allocated to the Aetna Variable Encore Fund as of the claim date. The Current Value on the claim date date, plus any excess amount deposited deposited, becomes the AccountContract's Current Value. (b) Death of Contract Holder/Annuitant age 75 or greater: The death benefit amount is the greatest of: (1) The sum of all Net Purchase Payment(s) made to the Contract (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Contract; (2) The highest step-up value prior to the Contract Holder's 75th birthday. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the Contract's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary. (3) The Contract's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the Contract's Current Value is determined as of the date of death. Any excess amount will be deposited in the Contract and allocated to the Aetna Variable Encore Fund as of the claim date. The Current Value on the claim date, plus any excess amount deposited, becomes the Contract's Current Value. (c) At the death of a surviving spouse Beneficiary who continued the Contract in his or her own name, the death benefit amount is equal to the Contract's Current Value less any applicable Surrender Fee on the amount of any Purchase Payment(s) made since the death of the Contract Holder. Delete Section 3.14, Liquidation of Surrender Value, and replace it with the following: