BD
● Active
Basic Death Benefit
Nationwide Life and Annuity Insurance Company
DTCC ID
—
COMPANY
Nationwide Life and Annuity Insurance Company
TYPE
Indexed Annuity
INCEPTION
Jun 08, 2015
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Jun 08, 2015
Closed date
—
DTCC Rider ID
—
Last modified
Oct 25, 2023
Life & Age
Based on life
Owner
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
—
Partial withdrawals
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase, benefit is equal to greater of Balanced Allocation Value (BAV) or surrender value. BAV monitors daily fluctuation in strategy option and is greater of - 1) Contract Value or 2) Return of Purchase Payment Guarantee amount. Joint Option allows for a spouse to be named as co-annuitant and benefit is payable on both deaths.
Lifecycle Events
—