RO
● Terminated
Return of Premium Death Benefit I
Talcott Resolution Life Insurance Company
DTCC ID
—
COMPANY
Talcott Resolution Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Oct 19, 2009
Identity
Benefit name
Return of Premium Death Benefit I
Internal benefit name
Return of Premium Death Benefit I
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
Oct 19, 2009
Closed date
May 01, 2013
DTCC Rider ID
—
Last modified
Sep 26, 2019
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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
Issuer will recalculate benefit base upon partial withdrawal.
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. Upon death of owner or annuitant, benefit will be greater of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. Withdrawals up to Death Benefit withdrawal limit (5% of total purchase payments) will reduce benefit base by dollar amount, any excess withdrawal will reduce benefit base in same proportion. Owner must participate in Asset Allocation Program.
Lifecycle Events
Cancellation
May be cancelled any time after 5th rider anniversary.
Termination
May be terminated any time after 5th rider anniversary.
Available when added
No longer available for new purchases.
Effect change ownership
Change of ownership within 6 months from contract issue will result in no change in benefit base. Thereafter, Issuer will recalculate benefit amount upon change in ownership.