SD
● Active
Standard Death Benefit
Midland National Life Insurance Company
DTCC ID
—
COMPANY
Midland National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Feb 19, 2020
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Feb 19, 2020
Closed date
—
DTCC Rider ID
—
Last modified
Apr 24, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
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
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 only. Upon death of participant, the death benefit base will be equal to the accumulation value.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Benefit will be automatically terminated upon earliest of 1) death; 2) surrender; or 3) annuitization.
Effect change ownership
Not Applicable.