GM
● Terminated
Guaranteed Minimum Death Benefit - Annual Reset
Symetra Life Insurance Company
DTCC ID
—
COMPANY
Symetra Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Guaranteed Minimum Death Benefit - Annual Reset
Internal benefit name
Guaranteed Minimum Death Benefit - Annual Reset
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
Apr 30, 2009
DTCC Rider ID
—
Last modified
Dec 16, 2009
Life & Age
Based on life
Owner
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
Contact Issuer for details.
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 owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner, benefit will be greater of -1) contract value or 2) Guaranteed Minimum Death Benefit (GMDB). GMDB initially equals initial purchase payment increased for additional purchase payments and adjusted for withdrawals. Benefit base will be reset on each contract anniversary equal to immediately preceding GMDB or contract value, if higher prior to owner's 76th birthday. Please see prospectus for details.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.