GM
● Terminated
Guaranteed Minimum Death Benefit
Jefferson National Life Insurance Company
DTCC ID
—
COMPANY
Jefferson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Guaranteed Minimum Death Benefit
Internal benefit name
Guaranteed Minimum Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
Dec 30, 2013
DTCC Rider ID
—
Last modified
May 08, 2025
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
Withdrawals including advisory fee withdrawals will reduce benefit base in same proportion.
Required min distributions
Not Applicable.
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. If owner dies prior to age 90, benefit will be greater of - 1) contract value; or 2) GMDB Base. GMDB Base is equal to total purchase payments adjusted for withdrawals. If owner dies after age 90, benefit will be equal to contract value. Some selected investment options may not be available upon election of rider. Issuer charges fee based on percentage of greater of - 1) GMDB Base; or 2) Contract 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.
Effect change ownership
Change in ownership will result in termination of rider.