MG
● Terminated
Minimum Guarantee Death Benefit
CMFG Life Insurance Company
DTCC ID
—
COMPANY
CMFG Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Minimum Guarantee Death Benefit
Internal benefit name
Minimum Guarantee Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
6
Inception date
—
Closed date
Jun 01, 2011
DTCC Rider ID
—
Last modified
Aug 22, 2019
Life & Age
Based on life
Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
—
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
Benefit is only available in conjunction with Guaranteed Lifetime Withdrawal Benefit. Upon death of annuitant, benefit is greater of - 1) contract value, less any purchase payment credits applied to Contract Value within 12 months of Annuitant's death or 2) net purchase payments. Please see prospectus for details.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Guaranteed Lifetime Withdrawal Benefit.
Available when added
Upon election of Guaranteed Lifetime Withdrawal Benefit.
Effect change ownership
Change in ownership will not change benefit base.