ID
● Active
InsurePay Death Benefit
Aviva Life and Annuity Company
DTCC ID
—
COMPANY
Aviva Life and Annuity Company
TYPE
Fixed Annuity
INCEPTION
—
Identity
Benefit name
InsurePay Death Benefit
Internal benefit name
InsurePay Death Benefit
Company
Product policy type
Fixed Annuity
Status
● Active
Sequence
2
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Oct 12, 2012
Life & Age
Based on life
Owner
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
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
InsurePay provides an enhanced death benefit, including a guaranteed death benefit. The rider death benefit is guaranteed to grow at 4% simple interest each year based on the amount of premium remaining in annuity. It can be added without any medical evidence of insurability, health questions, or exams.
Lifecycle Events
Available when added
Only at contract issue.