BD
● Active
Basic Death Benefit
New York Life Insurance Company
DTCC ID
—
COMPANY
New York Life Insurance Company
TYPE
Fixed Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
Fixed Annuity
Status
● Active
Sequence
1
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Nov 12, 2013
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
Death prior to annuitization, beneficiaries will receive policy's full cash value (Certain policies permit loans. If there is an outstanding loan balance, it is deducted from the cash value upon full surrender of the policy and at death).
Lifecycle Events
Available when added
Only at contract issue.