PP
● Active
Principal Protection Death Benefit
Brighthouse Life Insurance Company
DTCC ID
—
COMPANY
Brighthouse Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jun 27, 2016
Identity
Benefit name
Principal Protection Death Benefit
Internal benefit name
Principal Protection Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Jun 27, 2016
Closed date
—
DTCC Rider ID
—
Last modified
Apr 23, 2025
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
Not Applicable.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
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 greater of - 1) contract value; or 2) total purchase payments adjusted for withdrawals. Contract Owners having non-qualified plans have an additional feature of controlled payout plan, where they can decide the time period for receiving the benefit by beneficiary(ies) after their death.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Effect change ownership
None.