GM
● Active
Guaranteed Minimum Death Benefit
Fidelity & Guaranty Life Insurance Company
DTCC ID
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COMPANY
Fidelity & Guaranty Life Insurance Company
TYPE
Fixed Annuity
INCEPTION
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Identity
Benefit name
Guaranteed Minimum Death Benefit
Internal benefit name
Guaranteed Minimum Death Benefit
Product policy type
Fixed Annuity
Status
● Active
Sequence
2
Inception date
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Closed date
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DTCC Rider ID
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Last modified
Nov 26, 2013
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
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Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
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Maximum benefit base %
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With reduce benefit base
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Subsequent premium
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Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
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Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may not elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
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Benefit Description
At the death of the owner, benefit will be the greater of - 1) Contract Value, 2) Minimum Guarantee Surrender Value (MGSV), or 2) initial premium plus 3% simple interest up to earlier of - i) 10 years, or ii) until age 85. The MGSV is 87.5% of premium, plus daily interest accruing at the MGSV accumulation interest rate, which is between 1% and 3% and set at contract issue and fixed for the life of the contract.
Lifecycle Events
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