BD
● Active
Basic Death Benefit
Midland National Life Insurance Company
DTCC ID
—
COMPANY
Midland National Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
May 07, 2019
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
May 07, 2019
Closed date
—
DTCC Rider ID
—
Last modified
May 27, 2019
Life & Age
Based on life
Owner and Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during the accumulation phase, upon the death of the first owner or the second annuitant, the death benefit will be the greater of a) accumulation value, plus potential interest credits for the partial contract year as of the date of death, or b) the minimum surrender value.
Lifecycle Events
—