SD
● Active
Standard Death Benefit
Brighthouse Life Insurance Company of NY
DTCC ID
—
COMPANY
Brighthouse Life Insurance Company of NY
TYPE
RILA
INCEPTION
Jul 24, 2017
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
RILA
Status
● Active
Sequence
1
Inception date
Jul 24, 2017
Closed date
Nov 14, 2022
DTCC Rider ID
—
Last modified
Nov 14, 2022
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
—
Partial withdrawals
Withdrawal will reduce Death Benefit Amount in same proportion that the withdrawal reduces the Account Value of the Shield Option(s) and Fixed Account
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
Upon death of owner or annuitant of age 76 or older at the Issue Date of the Contract, the standard death benefit is the Account Value. And Upon death of owner or annuitant of age 75 or younger at the Issue Date of the Contract, the standard death benefit will be the Return of Premium death benefit which is the greater of: 1) account value or 2) Purchase Payment, reduced proportionately by the percentage reduction in Account Value of the Shield Option(s) and the Fixed Account for each partial withdrawal (including any applicable Withdrawal Charge).
Lifecycle Events
Cancellation
May not be cancelled.
Termination
Rider terminates upon earliest of 1) contract termination, 2) annuitization or 3) account value reduced to zero.
Available when added
N/A
Effect change ownership
Contact Issuer for details.