RO
● Active
Return of Premium Death Benefit
Thrivent Financial for Lutherans
DTCC ID
—
COMPANY
Thrivent Financial for Lutherans
TYPE
Indexed Annuity
INCEPTION
Sep 29, 2016
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Company
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
Sep 29, 2016
Closed date
—
DTCC Rider ID
—
Last modified
Mar 16, 2023
Life & Age
Based on life
Annuitant
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
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit under certain conditions after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Upon death of the annuitant, benefit will be equal to the greater of 1) the return of premium amount or the accumulated value less sum of any partial surrenders, made after the date of death; or 2) the guaranteed minimum cash surrender value. Return of Premium amount is equal to the initial premium less each partial surrender made prior to the date of death.
Lifecycle Events
—