BD
● Active
Basic Death Benefit
Security Benefit Life Insurance Company
DTCC ID
—
COMPANY
Security Benefit Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Dec 05, 2017
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Dec 05, 2017
Closed date
—
DTCC Rider ID
—
Last modified
Dec 07, 2017
Life & Age
Based on life
Owner and Annuitant
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
None.
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 the death of the owner or annuitant.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during the accumulation phase. Upon the death of the annuitant or joint owner (spouse of annuitant), death benefit base is greater of 1) the account value or 2) the cash surrender value. Upon the death of the annuitant or joint owner (other than the spouse of annuitant), death benefit base is equal to the cash surrender value.
Lifecycle Events
Available when added
At the time of contract issue.