● Active

Legacy Max Death Benefit

Standard Insurance Company

Edit

DTCC ID —

COMPANY Standard Insurance Company

TYPE Indexed Annuity

INCEPTION Jan 16, 2024

Identity

Benefit name

Legacy Max Death Benefit

Internal benefit name

Legacy Max Death Benefit

Company

Standard Insurance Company

Product policy type

Indexed Annuity

Status

● Active

Sequence

Inception date

Jan 16, 2024

Closed date

—

DTCC Rider ID

—

Last modified

Jul 01, 2024

Life & Age

Based on life

Owner (or Annuitant if owner is a non-natural person)

Single life

Joint life

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

Withdrawals up to the RMD amount will reduce the death benefit values dollar for dollar by the amount of the withdrawal (Qualified contracts only). All other withdrawals will reduce the death benefit values in the same proportion that the withdrawal reduces the account value.

Required min distributions

—

Coverage Flags

Exclude premium bonus

Spousal continuation option

Yes

Spousal continuation detail

Upon death of the the designated life, surviving spouse have an option to either continue the contract while terminating the rider or continue the contract along with the rider.

State Availability

Exception flag

Yes

Available in states

—

Not available in states

Benefit Description

Legacy Max is an optional enhanced death benefit rider, available at an additional cost. The death benefit base is reset each contract anniversary based on the greater of the two underlying growth components: The Guaranteed Enhancement Value, which increases by 6% compounded interest annually and the Performance Enhancement Value, which grows by 200% of the amount of interest credited on each contract anniversary. Both the Guaranteed Enhancement Value and the Performance Enhancement Value can grow for at least 7 years or until the contract anniversary after the 85th birthday, whichever comes later. The death benefit base is limited to the greater of: 125% of your surrender value excluding any MVA and Premium received accumulated at a 10% annual effective rate, but not to exceed 250% of all premium received - minus any withdrawals including surrender charges.

Lifecycle Events

Termination

Rider will terminates automatically upon the earliest of a)annuitization, b)withdrawal, c)death of the designated life, d)change in ownership or e)the date there are insufficient funds to deduct rider charge.

Available when added

Available only at contract issue.