BD
● Terminated
Basic Death Benefit
Talcott Resolution Life Insurance Company
DTCC ID
—
COMPANY
Talcott Resolution Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jun 27, 1994
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
Jun 27, 1994
Closed date
May 01, 1999
DTCC Rider ID
—
Last modified
Jul 29, 2020
Life & Age
Based on life
Owner and Annuitant
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 benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1) purchase payments adjusted for withdrawals, 2) contract value, or 3) maximum anniversary value. Maximum anniversary value is greatest contract value assessed on each contract anniversary prior to Owner or annuitant's 81st birthday or date of death, if earlier.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
No longer available for new purchases.