Spousal Protection Benefit for certain Custodial Individual Retirement Accounts
Product:
Advisor Plus
Status:
Terminated
Internal name:
Sequence:
2
Rider select rule:
Optional
Participant based on:
Owner
Inception date:
Closed date:
2008-01-14
States available:
State exceptions:
Notes:
Under this benefit co-annuitant can be changed, in case of remarriage. This benefit does not apply upon death of annuitant. Owner or annuitant must be custodial traditional IRA, custodial Roth IRA, or custodial simple IRA.
When added:
No longer available for new purchases.
Cancellation / termination:
May be cancelled any time after election.
Feature termination:
Benefit will automatically terminate upon earliest of - 1) death, 2) termination of contract, 3) annuitization, or 4) change of annuitant.
Feature cases
| Case name | Current charge (%) | Max charge (%) | Owner age (min–max) | Annuitant age (min–max) |
|---|---|---|---|---|
| Spousal Protection Benefit for certain Custodial Individual Retirement Accounts | 0 | 0 | 90 | 90 |