ED
● Active
Enhanced Death Benefit
North American Company for Life and Health
DTCC ID
—
COMPANY
North American Company for Life and Health
TYPE
Indexed Annuity
INCEPTION
Nov 01, 2017
Identity
Benefit name
Enhanced Death Benefit
Internal benefit name
Enhanced Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
Nov 01, 2017
Closed date
—
DTCC Rider ID
—
Last modified
Aug 12, 2019
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
—
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
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).
Lifecycle Events
Available when added
At the time of electing Benefit Rider.