G
● Terminated
GEB
National Security Life and Annuity Company
DTCC ID
—
COMPANY
National Security Life and Annuity Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
GEB
Internal benefit name
GEB
Product policy type
Variable Annuity
Status
● Terminated
Sequence
11
Inception date
—
Closed date
May 01, 2012
DTCC Rider ID
—
Last modified
Feb 23, 2016
Life & Age
Based on life
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 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 annuitant.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant, Issuer will add 25% of lesser of - 1) two times of purchase payments adjusted for withdrawals; or 2) contract value at death minus net purchase payments adjusted for withdrawals, to any death benefit payable under contract. Benefit base can never be more than $1,000,000.
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
Contact Issuer for details.