ED
● Terminated
EarningsMax Death Benefit
Jackson National Life Insurance Company
DTCC ID
—
COMPANY
Jackson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jun 24, 2019
Identity
Benefit name
EarningsMax Death Benefit
Internal benefit name
EarningsMax Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Jun 24, 2019
Closed date
Aug 28, 2023
DTCC Rider ID
—
Last modified
Apr 30, 2025
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
Subsequent Premiums are not allowed, if owner elects to opt out of the current charge increase.
Partial withdrawals
Not Applicable.
Required min distributions
Not Applicable.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit under certain conditions after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available on or after the Income Date. Upon death of owner, Issuer will add 40% of earnings (25% if owner issue ages between 70 to 75) to any death benefit payable under the contract. Earnings is amount by which sum of the contract value, exceeds remaining purchase payments. If total purchase payments adjusted for withdrawals exceed contract value no earnings benefit will be paid. Earning can never be more than 250% of premiums, in a contract year, earnings are being calculated. On each 5th contract anniversary, the GMDB charge may be increased.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated, however, spouse if continues the contract after the death of the owner, may opt to terminate the rider. If Income Date is before the Latest Income Date, then this rider gets terminated and no death benefit is payable.
Available when added
No longer available for new purchases.
Effect change ownership
Not Applicable.