GM
● Terminated
Guaranteed Minimum Death Benefit - Option 2
Jefferson National Life Insurance Company
DTCC ID
—
COMPANY
Jefferson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Guaranteed Minimum Death Benefit - Option 2
Internal benefit name
Guaranteed Minimum Death Benefit - Option 2
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
—
Closed date
Dec 16, 2008
DTCC Rider ID
—
Last modified
Dec 23, 2020
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 not elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. If death occurs prior to age 80, benefit will be greatest of - 1) contract value, 2) total purchase payments accumulates at 5% annually adjusted for withdrawals, or 3) highest contract value calculated on any contract anniversary. If death occurs on or after age 80, benefit will be greater of - 1) contract value, or 3) benefit amount calculated on contract anniversary prior to owner's 80th birthday.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.