SL
● Terminated
SecureSource Legacy Benefit
RiverSource Life Insurance Company
DTCC ID
—
COMPANY
RiverSource Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Apr 30, 2018
Identity
Benefit name
SecureSource Legacy Benefit
Internal benefit name
SecureSource Legacy Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
7
Inception date
Apr 30, 2018
Closed date
Apr 30, 2018
DTCC Rider ID
—
Last modified
Oct 07, 2020
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
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 not elect to continue benefit after the death of the owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available at accumulation phase, rider provides an additional death benefit guarantees that may increase the death benefit provided under the contract. The benefit under the rider is the amount subject to the maximum amount of $20 million and is equal to the initial purchase payment plus any subsequent purchase payments reduced by withdrawals. At every rider anniversary, benefit amount will be increased to the contract value if the contract value is greater.
Lifecycle Events
Cancellation
May not be canceled.
Termination
May automatically gets terminated under certain conditions.
Available when added
No longer available for new purchases.