5D
● Terminated
5% Death Benefit Increase Option
Minnesota Life Insurance Company
DTCC ID
—
COMPANY
Minnesota Life Insurance Company
INCEPTION
—
CLOSED
Jun 01, 2011
Identity
Benefit name
5% Death Benefit Increase Option
Internal benefit name
5% Death Benefit Increase Option
Company
Status
● Terminated
Inception date
—
Closed date
01 Jun 2011
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, 2) purchase payments, or 3) rollup amount. Rollup amount is equal to adjusted purchase payments compounded at 5% annually, prior to owner's 80th birthday. Rollup amount can never be more than 200% of total purchase payments adjusted for withdrawals.