ED
● Active
Enhanced Death Benefit
Jackson National Life Insurance Company
DTCC ID
—
COMPANY
Jackson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Nov 23, 1999
Identity
Benefit name
Enhanced Death Benefit
Internal benefit name
Enhanced Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
4
Inception date
Nov 23, 1999
Closed date
Sep 28, 2009
DTCC Rider ID
—
Last modified
Dec 21, 2023
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
Optional
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. Upon death of owner, benefit will be greater of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) the Contract Value at the end of the 7th Contract year. The enhanced death benefit under total purchase payments and the Contract Value at the end of the 7th Contract year will never exceed 250% of premiums paid, less partial withdrawals, charges and fees, withdrawal charges, and premium taxes.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Available when added
At contract issue.
Effect change ownership
Contact Issuer for details.