BD
● Terminated
Basic Death Benefit
United States Life Insurance Company in the City of New York
DTCC ID
—
COMPANY
United States Life Insurance Company in the City of New York
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
Apr 29, 2011
DTCC Rider ID
—
Last modified
Mar 25, 2013
Life & Age
Based on life
—
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
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 prior to age 83, benefit will be greatest of - 1) contract value, 2) net purchase payments, or 3) maximum anniversary value on any contract anniversary adjusted for withdrawals and subsequent payments. Upon death of owner age between 83 to 85, benefit will be greater of - 1) contract value, or 2) lesser of - i) adjusted purchase payments, or ii) 125% of contract value.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.