Enhanced Guaranteed Minimum Clause Samples

Enhanced Guaranteed Minimum. Death Benefit (EGMDB). The EGMDB is equal to the greater of: a. the current Contract Value as of the date on which the death claim is approved by LNL for payment; or b. the highest Contract Value on any Contract Date anniversary (including the Contract Date itself) prior to the 81st birthday of the deceased (Owner, Joint Owner, or Annuitant) and prior to the date of death of the deceased (Owner, Joint Owner or Annuitant); where the highest Contract Value is increased by Purchase Payments and decreased for partial withdrawals, partial annuitizations, and premium tax incurred, if any, subsequent to such Contract Date anniversary on which the highest Contract Value is obtained.