SL
● Terminated
SecureSource Legacy Benefit
RiverSource Life Insurance Co of New York
DTCC ID
—
COMPANY
RiverSource Life Insurance Co of New York
INCEPTION
Apr 29, 2019
CLOSED
—
Identity
Benefit name
SecureSource Legacy Benefit
Internal benefit name
SecureSource Legacy Benefit
Status
● Terminated
Inception date
29 Apr 2019
Closed date
—
Description & Notes
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.