SD
● Active
Standard Death Benefit
Brighthouse Life Insurance Company
DTCC ID
—
COMPANY
Brighthouse Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Nov 30, 2017
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Nov 30, 2017
Closed date
—
DTCC Rider ID
—
Last modified
Nov 30, 2017
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
—
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 the owner or the annuitant, for contract owners 75 or younger at issue, the death benefit is equal to the greater of 1) account value; or 2) purchase payment, reduced proportionately by the percentage reduction in account value for each partial withdrawal (including any applicable withdrawal charges). For contract owners 76 and older at issue, the death benefit will be equal to the account value. The Death Benefit Amount cannot be withdrawn as a lump sum prior to the death of the Owner (or Annuitant where the Owner is a non-natural person).
Lifecycle Events
Termination
The death benefit terminates (a) upon termination of the Contract; (b) when the entire Account Value is applied to an Annuity Option; or (c) when the Account Value is reduced to zero.
Available when added
At contract issue.