Beacon Data Entry
Premier II Death Benefit
⌘K
PI
● Terminated

Premier II Death Benefit

Minnesota Life Insurance Company
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DTCC ID —
COMPANY Minnesota Life Insurance Company
TYPE Variable Annuity
INCEPTION Nov 28, 2012
Identity
Benefit name
Premier II Death Benefit
Internal benefit name
Premier II Death Benefit
Company
Minnesota Life Insurance Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Nov 28, 2012
Closed date
May 01, 2017
DTCC Rider ID
—
Last modified
Aug 26, 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
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, benefit will be greatest of - 1) contract value, 2) total purchase payments, 3) 5% Increase Value, or 4) highest contract value. Initial 5% Increase Value is equal to initial purchase payments, thereafter 5% Increase Value is equal to the sum of - 1) contract value in the Fixed Account and 2) purchase payments and transfers into the variable annuity account less withdrawals and transfers, accumulated at 5% compounded annually until earlier of contract anniversary on or following the 80th birthday of the owner. 5% Increase Value shall not exceed 200% of the sum of purchase payments adjusted for withdrawal. Highest contract value is equal to greatest contract value calculated on each contract anniversary, prior to owner's 80th birthday, adjusted for withdrawals and subsequent payments.

Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Benefit will automatically terminate upon earliest of - 1) termination, 2) surrender, 3) annuitization, or 4) change in ownership in certain conditions.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.