Beacon Data Entry
Return of Premium Death Benefit
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
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
Sep 29, 2016
Closed date
DTCC Rider ID
Last modified
Mar 16, 2023
Based on life
Annuitant
Single life
No
Joint life
No
Min age
Max age
Rider select rule
Optional
Waiting period
Waiting term
Maximum benefit base
Maximum benefit base %
With reduce benefit base
Subsequent premium
Partial withdrawals
Required min distributions
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.
Exception flag
No
Available in states

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.