Training Guide: Enhanced Death Benefit Calculator

🛡️ Enhanced Death Benefit (EDB) & Purpose of the Tool

An Enhanced Death Benefit (EDB) is a guaranteed payout to a client’s beneficiaries—even if the market performs poorly. Unlike standard annuity death benefits, EDBs are contractually protected and can grow over time, ensuring a meaningful legacy regardless of market conditions.

The EDB Calculator helps advisors quickly identify annuity products that offer the highest guaranteed death benefit for clients who are not taking income and want to maximize their legacy. It’s ideal for older clients investing a lump sum for legacy purposes.

🧭 How to Use the Calculator

Step 1: Enter Client Information

Step 2: Select Payout Type (Lump Sum or 5-Year Payout) and set Client's Life expectancy:

Step 3: Set Product Filters

Step 4: Add Hypothetical payouts if you wish to:

Step 5: View Results

• The calculator instantly displays a ranked list of annuity products based on the total death benefit.

Step 6: Compare

• Select multiple products to compare side-by-side.
• Use the Download option to generate a client-ready report.