BD
● Active
Basic Death Benefit
North American Company for Life and Health
DTCC ID
—
COMPANY
North American Company for Life and Health
TYPE
Indexed Annuity
INCEPTION
Feb 02, 2021
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Feb 02, 2021
Closed date
—
DTCC Rider ID
—
Last modified
Feb 19, 2021
Life & Age
Based on life
Owner and Annuitant
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 death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during the accumulation phase. Upon death of owner or annuitant, benefit will be greater of the 1) accumulation value; or 2) minimum surrender value plus potential interest credits for the partial contract year as of the date of death.
Lifecycle Events
—