BD
● Terminated
Basic Death Benefit - Option Package II
Voya Retirement Insurance And Annuity Company
DTCC ID
—
COMPANY
Voya Retirement Insurance And Annuity Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit - Option Package II
Internal benefit name
Basic Death Benefit - Option Package II
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
May 01, 2009
DTCC Rider ID
—
Last modified
Sep 03, 2019
Life & Age
Based on life
Annuitant
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
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant, benefit will be greatest of - 1) contract value, 2) total purchase payments made, adjusted for withdrawal, or 3) step-up value. Step-up value equals highest contract value on each contract anniversary, prior to annuitant's age 85, increased by new purchase payments made and premium credits, reduced for withdrawals. Owner may transfer from one option package to another on each contract anniversary.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.