SD
● Active
Standard death benefit
Midland National Life Insurance Company
DTCC ID
—
COMPANY
Midland National Life Insurance Company
TYPE
RILA
INCEPTION
Jul 07, 2022
Identity
Benefit name
Standard death benefit
Internal benefit name
Standard death benefit
Product policy type
RILA
Status
● Active
Sequence
1
Inception date
Jul 07, 2022
Closed date
—
DTCC Rider ID
—
Last modified
May 03, 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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
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. Upon death of owner, benefit will be equal to the accumulation value.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Automatically included at contract issue.