BD
● Terminated
Basic Death Benefit
Metropolitan Life Insurance Company
DTCC ID
—
COMPANY
Metropolitan Life Insurance 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
Jun 01, 2016
DTCC Rider ID
—
Last modified
Sep 28, 2020
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 Payments are not permitted.
Partial withdrawals
Withdrawals will reduce benefit base by dollar-for-dollar amount.
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 annuitant.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Upon death of owner or annuitant, benefit is equal to adjusted purchase payments. Upon death of annuitant on or after annuitization, benefit will be paid according to annuity payout option selected.
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.
Effect change ownership
Contact Issuer for details.