BD
● Active
Basic Death Benefit
North American Company for Life and Health
DTCC ID
—
COMPANY
North American Company for Life and Health
TYPE
Indexed Annuity
INCEPTION
Jan 07, 2015
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Jan 07, 2015
Closed date
—
DTCC Rider ID
—
Last modified
Aug 05, 2019
Life & Age
Based on life
Owner
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
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during the accumulation phase. Upon death of owner or annuitant, benefit will be equal to the accumulation value - premiums less withdrawals plus any interest earned. Beneficiary can receive the death benefit amount in lump sum.
Lifecycle Events
Available when added
Only at contract issue.