● Active

Enhanced Death Benefit

North American Company for Life and Health

Edit

DTCC ID —

COMPANY North American Company for Life and Health

TYPE Indexed Annuity

INCEPTION —

Identity

Benefit name

Enhanced Death Benefit

Internal benefit name

Enhanced Death Benefit

Company

North American Company for Life and Health

Product policy type

Indexed Annuity

Status

● Active

Sequence

Inception date

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Closed date

—

DTCC Rider ID

—

Last modified

Jul 07, 2020

Life & Age

Based on life

Owner

Single life

Joint life

Min age

—

Max age

—

Rider select rule

—

Waiting period

—

Waiting term

—

Benefit Base

Maximum benefit base

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Maximum benefit base %

—

With reduce benefit base

—

Subsequent premium

—

Partial withdrawals

—

Required min distributions

—

Coverage Flags

Exclude premium bonus

Spousal continuation option

Yes

Spousal continuation detail

Surviving spouse may elect to continue benefit after death of owner.

State Availability

Exception flag

Available in states

—

Benefit Description

Upon death of owner before starting lifetime payments, have two options to receive benefit base - 1) greater of accumulation value or minimum surrender value (taken as a lump sum or in a series of payments); or 2) benefit base as of the date of death paid out in a series of equal periodic payments over 5 years, subject to the rider death benefit maximum (benefit base as of the 15th contract anniversary). For the states of AK, CT, HI, ID, IL, MN, MO, MT, NH, NJ, OR,
PA, UT, VA and WA the death benefit maximum is the lesser
of benefit base as of the 15th contract anniversary or 250%
multiplied by the total premium, less partial surrenders or
premium adjusted for partial surrenders, accumulated at an
annualized rate of 10%.

Lifecycle Events

Available when added

At the time of electing Benefit Rider.