Beacon Data Entry
Annual Ratchet Death Benefit
AR
● Active

Annual Ratchet Death Benefit

Midland National Life Insurance Company
DTCC ID
COMPANY Midland National Life Insurance Company
INCEPTION May 07, 2024
CLOSED
Benefit name
Annual Ratchet Death Benefit
Internal benefit name
Annual Ratchet Death Benefit
Status
● Active
Inception date
07 May 2024
Closed date
Benefit description
Upon death of owner, benefit will be greater of (1) Contract Value and (2) the total premium payments you've made, adjusted for Gross Partial Withdrawals. Additionally, there's the possibility of annual step ups on each Contract Anniversary before the oldest Owner reaches age 85.