HQ
● Terminated
Highest Quarterly Anniversary Value Death Benefit
Jackson National Life Insurance Company
DTCC ID
—
COMPANY
Jackson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Sep 10, 2012
Identity
Benefit name
Highest Quarterly Anniversary Value Death Benefit
Internal benefit name
Highest Quarterly Anniversary Value Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Sep 10, 2012
Closed date
Apr 28, 2014
DTCC Rider ID
—
Last modified
May 20, 2025
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Not Applicable.
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
During accumulation phase, upon death of owner, benefit will be greatest of - 1) contract value, 2) net purchase payments, or 3) GMDB benefit base. GMDB benefit base equals greater of - 1) contract value at issue, or 2) contract quarterly anniversary values prior to owner's 81st birthday, reduced for withdrawals and increased by purchase payments made.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Not Applicable.