Beacon Data Entry
Basic Death Benefit
BD
● Terminated

Basic Death Benefit

John Hancock Life Insurance Company of New York
DTCC ID
COMPANY John Hancock Life Insurance Company of New York
INCEPTION Jun 01, 2010
CLOSED Apr 29, 2011
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Terminated
Inception date
01 Jun 2010
Closed date
29 Apr 2011
Benefit description
Available during accumulation phase. Upon death of owner, benefit will be greater of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. If withdrawals are excess withdrawals or taken prior to Lifetime Income Date Issuer will reduce benefit base in same proportion, benefit base will be reduced by dollar amount, if withdrawals do not fall under excess withdrawal.