GM
● Active
Guaranteed Minimum Death Benefit Rider (GMDB) - Enhancement Package
Fidelity & Guaranty Life Insurance Company
DTCC ID
—
COMPANY
Fidelity & Guaranty Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Jun 08, 2011
Identity
Benefit name
Guaranteed Minimum Death Benefit Rider (GMDB) - Enhancement Package
Internal benefit name
Guaranteed Minimum Death Benefit Rider (GMDB) - Enhancement Package
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
Jun 08, 2011
Closed date
—
DTCC Rider ID
—
Last modified
Aug 25, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may not elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
At the death of the owner (or the annuitant if the owner is a non-natural person), the value of the guaranteed minimum death benefit (GMDB) is determined to be the greatest of 1) The account value, including 100% of any bonus amounts regardless of the portion vested at the time 2) The minimum guaranteed surrender value or 3) Initial premium only, plus any premium bonus thereon, growing with 5% simple interest up to 10 years or until age 85, whichever comes first. Rider cannot be elected if Protection Package has been elected.
Lifecycle Events
Available when added
Available with Enhancement Package only, at the time of contract issue.