BD
● Active
Basic Death Benefit
Teachers Insurance and Annuity Association of America
DTCC ID
—
COMPANY
Teachers Insurance and Annuity Association of America
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
May 08, 2025
Life & Age
Based on life
Owner and Annuitant
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base proportionally.
Required min distributions
RMD is applicable as per the tax rule.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after the death of the owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during death in accumulation phase. The death benefit is the accumulation amount. Currently, the available methods of payment for death benefits from funds in the accumulation period are: 1) Single-Sum Payment; 2) One-Life Annuity With or Without Guaranteed Period; 3) Annuity for a Fixed Period; 4) Minimum Distribution Payments.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Effect change ownership
Not Applicable.