GM
● Terminated
Guaranteed Minimum Death Benefit Rider - 5% Accumulation
Horace Mann Life Insurance Company
DTCC ID
—
COMPANY
Horace Mann Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Guaranteed Minimum Death Benefit Rider - 5% Accumulation
Internal benefit name
Guaranteed Minimum Death Benefit Rider - 5% Accumulation
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Aug 26, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
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
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
During accumulation phase, upon death of owner or annuitant, benefit will be greatest of - 1) contract value; 2) purchase payments; or 3) accumulation death benefit. Accumulation death benefit equals initial purchase payment as increased by subsequent purchase payments less any withdrawals, compounded at 5% annually up to owner's 80th birthday. The amount of accumulation death benefit shall not exceed an amount equal to 200% of net premium, less any adjustments for withdrawals. If both Guaranteed Minimum Death Benefit Rider - Annual Step-up and Guaranteed Minimum Death Benefit Rider - 5% Accumulation are elected combine charge equals of 0.40% of variable account value.
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.