BD
● Active
Basic Death Benefit
Principal Life Insurance Company
DTCC ID
—
COMPANY
Principal Life Insurance Company
INCEPTION
—
CLOSED
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Status
● Active
Inception date
—
Closed date
—
Description & Notes
Benefit description
During accumulation phase, upon death of owner, benefit will be greater of - 1) contract value or 2) Guaranteed Minimum Surrender Value. The guaranteed minimum surrender value is equal to - 90% of the Single Premium adjusted for withdrawals; excluding surrender charges; plus interest credited at the Interest Rate applicable to the guaranteed minimum surrender value.