BP
● Active
Benefit Protector Death Benefit
RiverSource Life Insurance Company
DTCC ID
—
COMPANY
RiverSource Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Apr 29, 2019
Identity
Benefit name
Benefit Protector Death Benefit
Internal benefit name
Benefit Protector Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
5
Inception date
Apr 29, 2019
Closed date
—
DTCC Rider ID
—
Last modified
Oct 22, 2024
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 elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. If owner dies after first rider anniversary, Issuer will add 40% (15% if owner is age 70 or older) of earnings to any death benefit payable under contract. Earning is amount equal to applicable death benefit minus remaining purchase payments. Earnings at death may not be less than zero and more than 250% of remaining purchase payments that are one or more years old.
Lifecycle Events
Cancellation
May be terminated on first, seventh or any rider anniversary thereafter.
Termination
Benefit will automatically terminate upon earliest of - 1) annuitization or 2) surrender.
Available when added
Only at contract issue.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.