BD
● Active
Basic Death Benefit
Transamerica Life Insurance Company
DTCC ID
—
COMPANY
Transamerica Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
May 01, 2015
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
May 01, 2015
Closed date
—
DTCC Rider ID
—
Last modified
Feb 07, 2019
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 under certain conditions after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
During the accumulation phase, the death benefit will be the greater of - 1) the contract value, or 2) the minimum required cash value - the minimum amount received from the issuer on surrender. During income phase, the death benefit amount will depend on the income option selected.
Lifecycle Events
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