BD
● Active
Basic Death Benefit
Genworth Life Insurance Company of New York
DTCC ID
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COMPANY
Genworth Life Insurance Company of New York
INCEPTION
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CLOSED
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Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Active
Inception date
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Closed date
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Description & Notes
Benefit description
During accumulation phase, upon death of owner/annuitant, benefit will be equal to the contract value. During Income phase, benefit will depend on the type of payout chosen by the owner; Issuer will pay the remaining contract value, if any. If a life income only has chosen, all payments stop upon the annuitant's death.