BD
● Active
Basic Death Benefit
Principal Life Insurance Company
DTCC ID
—
COMPANY
Principal Life Insurance Company
INCEPTION
—
CLOSED
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Status
● Active
Inception date
—
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase. Upon death of participant, benefit will be greatest of - 1) accumulated value as on the day of the death; 2) total purchase payments adjusted for withdrawals; or 3) highest contract value on any 7th contract anniversary, adjusted for withdrawals and subsequent payments.