CD
● Terminated
Combination Death Benefit
Jackson National Life Insurance Company
DTCC ID
—
COMPANY
Jackson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Combination Death Benefit
Internal benefit name
Combination Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
—
Closed date
Mar 03, 2004
DTCC Rider ID
—
Last modified
Oct 16, 2019
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 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 owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase only. Upon death of owner, benefit will be greatest of - 1) contract value, 2) purchase payments, compounded at 5% (4% if owner is age 70 or older on rider effective date) annually, 3) contract value at 7th contract anniversary plus purchase payments made, compounded at 5% (4% if owner is age 70 or older on rider effective date) annually, or 4) greatest contract value calculated on any contract anniversary prior to owner's 81st birthday, less any withdrawals and expenses. Please see prospectus for details.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.