BD
● Terminated
Basic Death Benefit
Talcott Resolution Life Insurance Company
DTCC ID
—
COMPANY
Talcott Resolution Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
May 01, 2009
DTCC Rider ID
—
Last modified
Sep 25, 2019
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
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
Contact Issuer for details.
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, if owner and annuitant are less than age 80, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals and applicable taxes or 3) lesser of maximum anniversary value or sum of contract value plus 25% of maximum anniversary value. If owner or annuitant is age 81 or older death benefit will be greater of - 1) contract value or 2) lesser of total purchase payments adjusted for withdrawals or sum of contract value plus 25% of purchase payments adjusted for withdrawals excluding purchase payments made within 12 month of death. Please see prospectus for details.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.