BD
● Terminated
Basic Death Benefit - Option 1
MONY Life Insurance Company
DTCC ID
—
COMPANY
MONY Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit - Option 1
Internal benefit name
Basic Death Benefit - Option 1
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
Aug 18, 2008
DTCC Rider ID
—
Last modified
Sep 12, 2022
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
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
Available during accumulation phase. Upon death of annuitant, benefit will be greater of - 1) Fund Value less any outstanding debt or 2) total purchase payments adjusted for withdrawals and outstanding debt.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.