MD
● Terminated
Minimum Death Benefit Guarantee
Voya Retirement Insurance And Annuity Company
DTCC ID
—
COMPANY
Voya Retirement Insurance And Annuity Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Minimum Death Benefit Guarantee
Internal benefit name
Minimum Death Benefit Guarantee
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Nov 20, 2020
Life & Age
Based on life
Annuitant
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base by dollar-for-dollar amount.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Contact Issuer for details.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant, benefit will be equal to purchase payments adjusted for withdrawals. This rider is available with 403(b) contracts. Contracts issued to 401 plans contain same guarantee, but premium for the rider is included in the contract's sales and administrative expense charge.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.