SB
● Terminated
Spouse Beneficiary Death Benefit
CMFG Life Insurance Company
DTCC ID
—
COMPANY
CMFG Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Spouse Beneficiary Death Benefit
Internal benefit name
Spouse Beneficiary Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
—
Closed date
Jun 01, 2011
DTCC Rider ID
—
Last modified
Aug 22, 2019
Life & Age
Based on life
Owner and Annuitant
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 by dollar-for-dollar amount.
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 to spouse, if spouse is sole beneficiary under the contract. Upon death of spouse, death benefit available under contract will be paid. This rider is not available to QP. Please see prospectus for details.
Lifecycle Events
Cancellation
May be cancelled any time after election.
Termination
May be terminated any time after election. Benefit will automatically terminates at earliest of - 1) annuitization, 2) surrender, 3) change of beneficiary, 4) death or 5) termination of all obligations of benefit.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.