BD
● Active
Basic Death Benefit
Principal Life Insurance Company
DTCC ID
—
COMPANY
Principal Life Insurance Company
INCEPTION
Jun 01, 2023
CLOSED
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Status
● Active
Inception date
01 Jun 2023
Closed date
—
Description & Notes
Benefit description
Available during the accumulation phase. Upon the death of the owner or annuitant, the benefit is the greater of; a) contract value or b) premium payments adjusted for withdrawals if the issue age is 79 or younger, if the issue age is 80 or older, the benefit equals the contract value.