GL
● Terminated
Guaranteed Lifetime Withdrawal Benefit - Maximum Anniversary Death Benefit
CMFG Life Insurance Company
DTCC ID
—
COMPANY
CMFG Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Guaranteed Lifetime Withdrawal Benefit - Maximum Anniversary Death Benefit
Internal benefit name
Guaranteed Lifetime Withdrawal Benefit - Maximum Anniversary Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
7
Inception date
—
Closed date
Nov 24, 2008
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 Minimum Withdrawal Benefit. Available during accumulation phase. Upon death of annuitant or owner, on rider issues date, benefit will be equal to initial purchase payment, thereafter; benefit is greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals or 3) maximum contract value on any contract anniversary, prior to owner's 85st birthday. Please see prospectus for details.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Guaranteed Minimum Withdrawal Benefit.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will not change benefit base.