BD
● Active
Basic Death Benefit
Midland National Life Insurance Company
DTCC ID
—
COMPANY
Midland National Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
May 05, 2020
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
May 05, 2020
Closed date
—
DTCC Rider ID
—
Last modified
Sep 01, 2020
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
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
Yes
Spousal continuation detail
If the Owner dies and the sole Beneficiary is the deceased Owner’s spouse, the Beneficiary may elect to continue this Contract as the new Owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during the accumulation phase only. Upon the death of the owner, the death benefit is greater of the 1) accumulation value, or 2) the minimum surrender value. Increased by any interest credits and reduced by any taxes, if applicable.
Lifecycle Events
—