RO
● Active
Return of Purchase Payments Death Benefit
Minnesota Life Insurance Company
DTCC ID
—
COMPANY
Minnesota Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Mar 01, 2021
Identity
Benefit name
Return of Purchase Payments Death Benefit
Internal benefit name
Return of Purchase Payments Death Benefit
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
3
Inception date
Mar 01, 2021
Closed date
—
DTCC Rider ID
—
Last modified
May 14, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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
Not Applicable.
Partial withdrawals
Withdrawal reduces the benefit base on proportional basis.
Required min distributions
Not Applicable.
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 or annuitant, death benefit base will be equal to the sum of purchase payments adjusted for withdrawals. Additionally, if the benefit amount is greater than the contract value, difference will be paid as an additional benefit.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
Benefit will automatically terminate upon earliest of - 1) termination, 2) surrender, 3) annuitization, or 4) change in ownership in certain conditions.
Available when added
Only at contract issue.
Effect change ownership
Not Applicable.