RO
● Active
Return of Premium Death Benefit
Delaware Life Insurance Company
DTCC ID
—
COMPANY
Delaware Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 03, 2021
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
3
Inception date
May 03, 2021
Closed date
—
DTCC Rider ID
—
Last modified
May 09, 2025
Life & Age
Based on life
Owner and Annuitant
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 purchase payment will increase benefit by the amount of Premium.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
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 after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon the death of the owner and annuitant, the benefit will be greater of - 1) contract value and 2) Return of Premium (ROP) Value. ROP value is equals to the initial purchase payments, increased by any subsequent purchase payment or transfers made into the sub-accounts, adjusted for withdrawals or transfers made to the Guaranteed Periods. ROP Value can never exceeds the maximum ROP Value that equals to the sum of all purchase payments made into the contract adjusted for withdrawals.
Lifecycle Events
Cancellation
May be cancelled any time after election.
Termination
May be termination any time after election.
Available when added
Only at contract issue.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.