DE
● Terminated
Double Enhanced Death Benefit
Transamerica Premier Life Insurance Company
DTCC ID
—
COMPANY
Transamerica Premier Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Double Enhanced Death Benefit
Internal benefit name
Double Enhanced Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
6
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Jan 22, 2020
Life & Age
Based on life
Owner and Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase only. Upon death of annuitant, benefit will be greatest of - 1) Contract value, 2) surrender value, or 3) Double Enhanced Death Benefit. Double Enhanced Death Benefit is greater of - 1) 5% annually compounding death benefit, or 2) Step-Up Death Benefit. 5% annually compounding death benefit equals total purchase payments, adjusted for withdrawals, compounded at 5% annually, to earlier of - 1) annuitant's death, or 2) 81st birthday. Step-Up Death Benefit equals highest contract value calculated on any contract anniversary, prior to earlier of - 1) annuitant's death, or 2) 86th birthday, plus purchase payments made, less withdrawals, made after that contract anniversary.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Benefit terminates upon Annuitization.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.