BD
● Terminated
Basic Death Benefit
Pruco Life Insurance Company of New Jersey
DTCC ID
—
COMPANY
Pruco Life Insurance Company of New Jersey
TYPE
Variable Annuity
INCEPTION
Feb 25, 2013
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
Feb 25, 2013
Closed date
Dec 31, 2020
DTCC Rider ID
—
Last modified
Dec 31, 2020
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
Withdrawal reduces the death benefit amount proportionally to the reduction in the contract value.
Required min distributions
—
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 and annuitant, benefit will be greater of - 1) account value; or 2) return of purchase payments amount. On the issue date, return of purchase payments amount is equal to account value. On each subsequent valuation day, until the date of death of annuitant, return of purchase payments amount is increased by any purchase payments made on the current valuation day and, reduced by the effect of withdrawals made on the current valuation day.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
No longer available for new purchases.