RO
● Active
Return of Premium Death Benefit (ROBDP Basic)
The Guardian Insurance & Annuity Company
DTCC ID
—
COMPANY
The Guardian Insurance & Annuity Company
TYPE
Variable Annuity
INCEPTION
Dec 09, 2013
Identity
Benefit name
Return of Premium Death Benefit (ROBDP Basic)
Internal benefit name
Return of Premium Death Benefit (ROBDP Basic)
Product policy type
Variable Annuity
Status
● Active
Sequence
3
Inception date
Dec 09, 2013
Closed date
—
DTCC Rider ID
—
Last modified
May 10, 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 by dollar-for-dollar amount.
Partial withdrawals
Issuer will recalculate benefit base upon partial withdrawal.
Required min distributions
Not Applicable.
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 participant, the death benefit is equal to the initial premium payment, thereafter benefit will be greater of - 1) contract value; 2) total purchase payments adjusted for withdrawals.
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.