GD
● Active
GMWB Death Benefit
Principal Life Insurance Company
DTCC ID
—
COMPANY
Principal Life Insurance Company
INCEPTION
Apr 06, 2017
CLOSED
—
Identity
Benefit name
GMWB Death Benefit
Internal benefit name
GMWB Death Benefit
Company
Status
● Active
Inception date
06 Apr 2017
Closed date
—
Description & Notes
Benefit description
Available automatically with GMWB rider. Upon death of owner, benefit will be greatest of - 1) contract value; 2) total premium payments adjusted for withdrawals; or 3) highest contract value on any 7th anniversary, adjusted for withdrawals and subsequent payments. GMWB death benefit no longer available if GMWB rider is terminated.