PP
● Terminated
Personal Pension Account - Death Benefit
Talcott Resolution Life Insurance Company
DTCC ID
—
COMPANY
Talcott Resolution Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Nov 14, 2011
Identity
Benefit name
Personal Pension Account - Death Benefit
Internal benefit name
Personal Pension Account - Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
Nov 14, 2011
Closed date
Apr 30, 2013
DTCC Rider ID
—
Last modified
Sep 26, 2019
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
—
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
Contact Issuer for details.
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
Benefit is only available in conjunction with Personal Pension Account. Benefit base is equal to Personal Pension Account Benefit Balance, increased by amount of each subsequent Personal Pension Account allocation, transfers into Personal Pension Account and accrued interest and reduced by balance transfers to sub-accounts, or fixed account, personal pension account payouts and may be eliminated over time. This death benefit is considered to be part of basic death benefit or any optional death benefit. Benefit balance is not guaranteed as part of any optional death benefit.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Upon election of Personal Pension Account.
Effect change ownership
Contact Issuer for details.