HA
● Active
Highest Anniversary Value II Death Benefit
Minnesota Life Insurance Company
DTCC ID
—
COMPANY
Minnesota Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Nov 28, 2012
Identity
Benefit name
Highest Anniversary Value II Death Benefit
Internal benefit name
Highest Anniversary Value II Death Benefit
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Nov 28, 2012
Closed date
—
DTCC Rider ID
—
Last modified
May 15, 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 in same proportion.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
None.
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(or annuitant if owner is a non-natural person), benefit will be greatest of - 1) contract value; 2) highest anniversary contract value calculated on each contract anniversary prior to oldest owner's 80th birthday, adjusted for withdrawals and subsequent payments. Issuer may limit subsequent purchase payments after the first contract year following the rider effective date to a cumulative total of $25,000, without prior consent.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.