RO
● Active
Return of Premium Death Benefit
Aspida Life Insurance Company
DTCC ID
—
COMPANY
Aspida Life Insurance Company
TYPE
RILA
INCEPTION
Oct 20, 2025
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Company
Product policy type
RILA
Status
● Active
Sequence
1
Inception date
Oct 20, 2025
Closed date
—
DTCC Rider ID
—
Last modified
Dec 08, 2025
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
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
Withdrawal will reduce Death Benefit Amount in same proportion that the withdrawal .
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
Available during the accumulation phase. If the oldest Owner is under 81 on the Contract Effective Date, a return of premium Death Benefit is provided at no additional cost. Upon the Owner’s death during accumulation, the Death Benefit equals the greater of: (a) Contract Value plus the excess of the Minimum Nonforfeiture Amount over the Contract Value allocated to the Fixed Crediting Rate Strategy (the Minimum Nonforfeiture Death Benefit); or (b) premiums paid, minus withdrawals. If the Owner is 81 or older at issue or ownership changes to someone not essentially the same person, only contract value plus any shortfall to the Minimum Nonforfeiture Amount in the Fixed Strategy applies.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
Rider terminates upon earliest of 1) contract termination, 2) annuitization or 3) account value reduced to zero