Beacon Data Entry
Basic Death Benefit
BD
● Active

Basic Death Benefit

Principal Life Insurance Company
DTCC ID
COMPANY Principal Life Insurance Company
INCEPTION Jun 01, 2023
CLOSED
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Active
Inception date
01 Jun 2023
Closed date
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.