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Variable Annuity
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Nirmala
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Transamerica Life Insurance Company
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Death Benefits
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Greater of Maximum Anniversary Value and Roll-Up GMDB - GMIB Version
Edit Death Benefit
Death Benefit
Benefit Name
Internal Benefit Name
Inception Date
Closed Date
Rider Select Rule
Default
Mandatory
Optional
Based On Life
Annuitant
Owner
Owner (or Annuitant if owner is a natural entity)
Owner (or Annuitant if owner is a non-natural person)
Owner and Annuitant
Min Age
Max Age
Waiting Period
Waiting Term
Select
Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
Select
Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
Benefit is only available in conjunction with Guaranteed Minimum Income Benefit EXTRA. Upon death of owner, benefit will be greatest of - 1) contract value, 2) purchase payments adjusted for withdrawals, 3) GMDB maximum anniversary value base, or 4) GMDB Roll-up base. GMDB maximum anniversary value base is greatest of - 1) contract value, 2) purchase payments adjusted for withdrawals, or 3) maximum anniversary value, calculated on any contract anniversary, prior to owner's 85th birthday, increased by purchase payments made and adjusted for withdrawals. GMDB Roll-up base is equal to initial purchase payment compounded at 6% annually plus subsequent purchase payments compounded at 6% annually less withdrawals. Issuer will roll-up benefit base until earlier of - 1) contract anniversary on or following owner's 85th birthday, or 2) death of owner. Owner may elect to reset benefit base on each contract anniversary following annuitant's 75th birthday. GMDB Base is reduced dollar-for-dollar for withdrawals up to the dollar-for-dollar limit, if requested withdrawal during the year causes total withdrawals to exceed the dollar-for-dollar limit GMDB Base then equal the current GMDB Base reduced in same proportion.
Other Info
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Guaranteed Minimum Income Benefit EXTRA.
Available When Added
Effect Change Ownership
Issuer will recalculate benefit amount upon change in ownership.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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