BD
● Terminated
Basic Death Benefit
Fortitude Life Insurance & Annuity Company
DTCC ID
—
COMPANY
Fortitude Life Insurance & Annuity Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
Mar 15, 2010
DTCC Rider ID
—
Last modified
Jun 06, 2024
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
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 continue to elect the contract.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greater of - 1) total purchase payments adjusted for withdrawal; or 2) contract value.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.
Effect change ownership
None.