RO
● Active
Return of Premium Death Benefit
Midland National Life Insurance Company
DTCC ID
—
COMPANY
Midland National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jan 01, 2021
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Jan 01, 2021
Closed date
—
DTCC Rider ID
—
Last modified
Apr 24, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
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
Reduces the benefit base proportionally to the reduction in the accumulation value
Required min distributions
Reduces the benefit base proportionally to the reduction in the accumulation value
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 only. Upon death of participant, the death benefit base will be equal to the greater of 1) the accumulation value; or 2)Net Purchase payment.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Benefit will be automatically terminated upon earliest of 1) death; 2) surrender; or 3) annuitization.
Available when added
At the time of Contract issue.
Effect change ownership
Change in ownership will terminate the rider; thereafter account value death benefit will apply to the contract