EE
● Terminated
Estate Enhancement Benefit
Minnesota Life Insurance Company
DTCC ID
—
COMPANY
Minnesota Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Estate Enhancement Benefit
Internal benefit name
Estate Enhancement Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
—
Closed date
Dec 07, 2012
DTCC Rider ID
—
Last modified
Sep 16, 2021
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
—
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 owner, Issuer will add 40% (25% if oldest owner is age 70 or older) of lesser of - 1) death benefit payable under contract, or 2) 200% of purchase payments, reduced from 3rd contract year, by any purchase payments made within previous 12 months.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.