ID
● Active
Incremental Death Benefit
Modern Woodmen of America
DTCC ID
—
COMPANY
Modern Woodmen of America
TYPE
Variable Annuity
INCEPTION
Jun 05, 2009
Identity
Benefit name
Incremental Death Benefit
Internal benefit name
Incremental Death Benefit
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Jun 05, 2009
Closed date
—
DTCC Rider ID
—
Last modified
May 09, 2025
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 by dollar-for-dollar amount.
Required min distributions
Not Applicable.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Contact Issuer for details.
State Availability
Exception flag
Yes
Available in states
—
Not available in states
WA
Benefit Description
Available during accumulation phase. Upon the death of annuitant, if the age at issue is 71 or younger, Issuer will add 40% of earnings to any death benefit payable under contract. Earnings are equal to contract value less purchase payments adjusted for withdrawals. Death benefit amount may not exceed 50% of adjusted purchase payments. Issuer may not pay earnings benefit in case total adjusted purchase payments exceeds contract value.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Effect change ownership
Not Applicable.