BD
● Active
Basic Death Benefit
Symetra Life Insurance Company
DTCC ID
—
COMPANY
Symetra Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Jul 16, 2020
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Jul 16, 2020
Closed date
—
DTCC Rider ID
—
Last modified
Dec 14, 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
Surviving spouse may elect to continue benefit after the death of the owner or annuitant. If a surviving spouse continues the contract, surrender charges and MVAs will be waived going forward.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during the accumulation phase, during the death of the owner, the death benefit will be the greater of 1) the contract value, or 2) the cash surrender value.
Lifecycle Events
—