ED
● Terminated
Enhanced Death Benefit
Security Benefit Life Insurance Company
DTCC ID
—
COMPANY
Security Benefit Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Enhanced Death Benefit
Internal benefit name
Enhanced Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
4
Inception date
—
Closed date
Feb 01, 2010
DTCC Rider ID
—
Last modified
Jun 18, 2012
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit under certain conditions after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner, benefit will be greater of - 1) contract value plus enhanced death benefit, or 2) total purchase payments adjusted for withdrawals. Enhanced death benefit is lesser of - 1) 50% (25% if age at issue is 70 or older) of contract gain, or 2) 50% (25% if age at issue 70 or older) of adjusted purchase payments. Contract gain equal to contract value less adjusted purchase payments.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.