ED
● Active
EarningsMax Death Benefit
Jackson National Life Insurance Company
DTCC ID
—
COMPANY
Jackson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Dec 12, 2011
Identity
Benefit name
EarningsMax Death Benefit
Internal benefit name
EarningsMax Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Dec 12, 2011
Closed date
Oct 15, 2012
DTCC Rider ID
—
Last modified
Nov 10, 2020
Life & Age
Based on life
Owner
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
Contact Issuer for details.
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
Available during accumulation phase. Upon death of owner, Issuer will add 40% of earnings (25% if owner ages between 70 to 75) to any death benefit payable under contract. Earnings is amount by which sum of contract value, including any contract enhancement, exceeds remaining purchase payments. If total purchase payments adjusted for withdrawals exceed contract value no earnings benefit will be paid. Benefit can never be more than 250% of purchase payments.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Effect change ownership
Contact Issuer for details.