AS
● Active
Annual Stepped Up Death Benefit
Security Benefit Life Insurance Company
DTCC ID
—
COMPANY
Security Benefit Life Insurance Company
INCEPTION
—
CLOSED
—
Identity
Benefit name
Annual Stepped Up Death Benefit
Internal benefit name
Annual Stepped Up Death Benefit
Status
● Active
Inception date
—
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) Stepped Up Death Benefit. Stepped Up Death Benefit is equal to highest contract value calculated on any contract anniversary, prior to owner's 81st birthday, increased by purchase payments and reduced for withdrawals made after reset date.