BD
● Active
Basic Death Benefit
Nationwide Life and Annuity Insurance Company
DTCC ID
—
COMPANY
Nationwide Life and Annuity Insurance Company
TYPE
Indexed Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Feb 10, 2021
Life & Age
Based on life
Owner
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
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue the contract after the death of the owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase, upon death of owner and annuitant, death benefit is equal to greater of the 1) Balanced Allocation Value (BAV) or 2) surrender value. BAV monitors daily fluctuation in strategy option and is greater of the 1) Contract Value, plus any unrealized strategy earnings or 2) Return of Purchase Payment Guarantee amount.
Lifecycle Events
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