BD
● Terminated
Basic Death Benefit
Delaware Life Insurance Company
DTCC ID
—
COMPANY
Delaware Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
Sep 30, 2003
DTCC Rider ID
—
Last modified
Jul 24, 2025
Life & Age
Based on life
Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
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. If annuitant is age 85 or younger at issue, benefit will be greatest of - 1) contract value, 2) surrender value, 3) contract value on 7th anniversary before death benefit date, increased by purchase payments made and reduced for withdrawal taken between 7th anniversary and death benefit date, or 4) total purchase payments adjusted for withdrawals, accumulated at 5% annually until earlier of - i) annuitant's 80th birthday, or ii) purchase payment or withdrawal has doubled in amount. Benefit will equal to surrender value, if annuitant's age is 86 or older at issue.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.