ED
● Active
Enhanced Death Benefit Rider
Symetra Life Insurance Company
DTCC ID
—
COMPANY
Symetra Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Jul 12, 2017
Identity
Benefit name
Enhanced Death Benefit Rider
Internal benefit name
Enhanced Death Benefit Rider
Company
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
Jul 12, 2017
Closed date
—
DTCC Rider ID
—
Last modified
Apr 24, 2023
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
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
Yes
Spousal continuation detail
In the event that the EDB amount is greater than the Standard Death Benefit and surviving spouse does not choose to continue the contract, the difference between the EDB amount and the Standard Death Benefit will be added to the contract.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Enhanced Death Benefit will be equal to the greater of (i) the contract value or (ii) the Standard Death Benefit amount. The EDB amount is equal to the purchase payment, adjusted for withdrawals plus EDB Rollup amount. During the EDB Rollup Period, an EDB Rollup amount will be credited to the EDB amount at the end of each Interest Term. EDB Rollup amount is equal to the EDB Rollup basis, multiplied by EDB Rollup percentage; where EDB Rollup basis is equal to Purchase Payment adjusted for withdrawals. The EDB Rider Charge is deducted annually for each Interest Term and is equal to the EDB Amount on the date that the EDB Rider Charge is calculated multiplied by the EDB Rider Charge Percentage.
Lifecycle Events
Available when added
Available at contract issue.