BD
● Active
Basic Death Benefit
Standard Insurance Company
DTCC ID
—
COMPANY
Standard Insurance Company
TYPE
Indexed Annuity
INCEPTION
May 30, 2024
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
May 30, 2024
Closed date
—
DTCC Rider ID
—
Last modified
Jun 17, 2024
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
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
A death benefit to be paid is the greater of either the account value or the guaranteed minimum surrender value and will be paid if: (a) an Owner dies before the Annuity date; or (b) if a non-natural Owner (e.g., corporation or trust) and any Annuitant dies before the Annuity Date. No death benefit is payable upon death of an Annuitant before the Annuity Date unless the Owner is: (a) the Annuitant; or (b) a non-natural Owner.
Lifecycle Events
—