BD
● Active
Basic Death Benefit
Voya Insurance And Annuity Company
DTCC ID
—
COMPANY
Voya Insurance And Annuity Company
TYPE
Indexed Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Apr 10, 2013
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner, benefit will greater of - 1) contract value or 2) guaranteed minimum value. Guaranteed minimum value will not be less than 87.5% of all premiums less withdrawals, and premium taxes, if applicable, accumulated at the applicable minimum guaranteed strategy value rate for the first nine contract years. The initial minimum guaranteed strategy value rates are set at contract issue and will not change for nine years.
Lifecycle Events
Available when added
Only at contract issue.