RO
● Active
Return of Premium Death Benefit
Jackson National Life Insurance Company of New York
DTCC ID
—
COMPANY
Jackson National Life Insurance Company of New York
TYPE
RILA
INCEPTION
Apr 29, 2024
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Product policy type
RILA
Status
● Active
Sequence
1
Inception date
Apr 29, 2024
Closed date
—
DTCC Rider ID
—
Last modified
Apr 28, 2026
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
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Not Applicable
Partial withdrawals
Withdrawals could result in reduction of death benefit proportionately.
Required min distributions
Not Applicable
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue the death benefit after the death of the owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
If owner or annuitant dies during the accumulation phase, the death benefit claim is greater of the 1) account value, or 2) premiums paid into the contract adjusted for any withdrawals. If the owner’s age is 81 or older , the death benefit is equal to the current contract value. If owner or annuitant dies during the income phase, the death benefit claim is greater of the 1) premiums paid into the contract adjusted for any withdrawals through the latest income date, or 2) the Contract Value on the Latest Income Date. If Owner or annuitant dies during income phase and age was 81 Or older then, No death benefit would be paid.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Benefit terminates on annuitization.
Effect change ownership
Not Applicable