EE
● Terminated
Earnings Enhanced Death Benefit
CMFG Life Insurance Company
DTCC ID
—
COMPANY
CMFG Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Earnings Enhanced Death Benefit
Internal benefit name
Earnings Enhanced Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
4
Inception date
—
Closed date
Jun 01, 2011
DTCC Rider ID
—
Last modified
Aug 22, 2019
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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 by dollar-for-dollar amount.
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 after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Benefit is only available in conjunction with Maximum Anniversary Value Death Benefit or 3% Annual Guarantee Death Benefit. Issuer will add 40% of earnings (25% if owner ages 71 or older) to any death benefit payable under contract. Earnings are amount by which sum of contract value, including any contract enhancement, exceeds remaining purchase payments. If total purchase payments adjusted for withdrawals exceed contract value no earnings benefit will be paid. Please see prospectus for details.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Maximum Anniversary Value Death Benefit or 3% Annual Guarantee Death Benefit.
Available when added
Upon election of Maximum Anniversary Value Death Benefit or 3% Annual Guarantee Death Benefit.
Effect change ownership
Contact Issuer for details.