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Variable Annuity
Death benefits
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Transamerica Life Insurance Company
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Compounding Minimum Death Benefit
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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
The Death Benefit is an optional feature that can be added to an annuity contract for an additional charge. If selected, this feature ensures that the death benefit payable upon the death of the annuitant will be no less than: Total Premium Payments made to the contract, plus Interest at an effective annual rate of 5% (in most states), from the date of the premium payment to the date of death. This amount will be adjusted for any partial surrenders, including interest on those partial surrenders at the same 5% rate from the date of the partial surrender to the date of death. Note: Interest is not credited after the annuitant’s 81st birthday. This feature helps ensure the death benefit grows over time, providing a higher payout for your beneficiary.
Other Info
Cancellation
Termination
Available When Added
No longer available for new purchases.
Effect Change Ownership
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
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