SD
● Terminated
Standard Death Benefit
Voya Insurance And Annuity Company
DTCC ID
—
COMPANY
Voya Insurance And Annuity Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
Mar 15, 2010
DTCC Rider ID
—
Last modified
Mar 04, 2022
Life & Age
Based on life
Owner and 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. Upon death of owner, benefit will be greatest of - 1) contract value, 2) surrender value, or 3) Standard Minimum Guaranteed Death Benefit for amounts allocated to Covered Funds plus contract value allocated to Excluded Funds. Standard MGDB allocated to Covered and Excluded Funds equals purchase payment plus premium credits, if applicable, allocated to Covered and Excluded Funds, adjusted for withdrawals and transfers.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.