SL
● Active
SecureSource Legacy Benefit
RiverSource Life Insurance Company
DTCC ID
—
COMPANY
RiverSource Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Apr 29, 2019
Identity
Benefit name
SecureSource Legacy Benefit
Internal benefit name
SecureSource Legacy Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
7
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 not elect to continue benefit after the death of the owner in case of single life option.
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. For CA rider is based on the life of the annuitant.
Lifecycle Events
Cancellation
May be canceled at the time of certain increase in rider fees.
Termination
Benefit will automatically terminate on the earliest of 1) death ) annuitization 3) termination of attached GLWB rider 4) termination of the contract, or 5) reduction of the contract value to zero.
Available when added
At the time of contract issue only with any of the SecureSource Series Rider.