SD
● Active
Standard Death Benefit
Security Benefit Life Insurance Company
DTCC ID
—
COMPANY
Security Benefit Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 01, 2016
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
May 01, 2016
Closed date
—
DTCC Rider ID
—
Last modified
May 14, 2025
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base by dollar-for-dollar amount.
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. If owner or annuitant is age 75 or younger at issue, upon death benefit will be greater of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) Stepped-up death benefit. The stepped-up death benefit is to 1) largest death benefit on any Contract anniversary that is both an exact multiple of five and occurs prior to attaining age 76, plus 2) Any Purchase Payments allocated to Contract Value since the applicable Contract anniversary, less or 3) Any withdrawals since the applicable anniversary. If owner or annuitant is age 76 or older at issue, upon death benefit will be equal to the Contract Value only.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Effect change ownership
Not Applicable.