RO
● Terminated
Return of Premium Beyond Issue Age 80 Death Benefit (Florida only)
Security Benefit Life Insurance Company
DTCC ID
—
COMPANY
Security Benefit Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Return of Premium Beyond Issue Age 80 Death Benefit (Florida only)
Internal benefit name
Return of Premium Beyond Issue Age 80 Death Benefit (Florida only)
Product policy type
Variable Annuity
Status
● Terminated
Sequence
12
Inception date
—
Closed date
Feb 01, 2010
DTCC Rider ID
—
Last modified
Oct 13, 2010
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, 2) total purchase payments adjusted for withdrawals.
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.