P4
● Terminated
Plus 40 Optional life insurance
Fortitude Life Insurance & Annuity Company
DTCC ID
—
COMPANY
Fortitude Life Insurance & Annuity Company
TYPE
Variable Annuity
INCEPTION
Sep 17, 2001
Identity
Benefit name
Plus 40 Optional life insurance
Internal benefit name
Plus 40 Optional life insurance
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
Sep 17, 2001
Closed date
May 01, 2003
DTCC Rider ID
—
Last modified
May 30, 2024
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
Plus 40 optional life insurance rider is an add-on optional addition to death benefit, provides tax free life insurance equals to 40% of contract value upon the death of owner.
Lifecycle Events
Cancellation
Benefit can be cancelled at any time.
Termination
Benefit can be terminated at any time.
Available when added
No longer available for new purchases.