RO
● Active
Return of Premium Death Benefit
Brighthouse Life Insurance Company
DTCC ID
—
COMPANY
Brighthouse Life Insurance Company
TYPE
RILA
INCEPTION
Sep 13, 2020
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Product policy type
RILA
Status
● Active
Sequence
2
Inception date
Sep 13, 2020
Closed date
—
DTCC Rider ID
—
Last modified
Aug 27, 2024
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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
None.
Partial withdrawals
Withdrawals includes advisory fee withdrawals will reduce Death Benefit Amount in same proportion that the withdrawal reduces the Account Value of the Shield Option(s) and Fixed Account.
Required min distributions
None.
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/Annuitant's age is 80 or younger at contract issue date, death benefit will be greater of 1) account value or 2) purchase payment, reduced proportionately by the percentage reduction in Account Value of the Shield Option(s) and the Fixed Account for each partial withdrawal.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
Rider terminates upon earliest of 1) contract termination, 2) annuitization or 3) account value reduced to zero.
Effect change ownership
None.