RI
● Terminated
Retirement Income Choice 1.4 Benefit - Death Benefit
Transamerica Life Insurance Company
DTCC ID
—
COMPANY
Transamerica Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 01, 2009
Identity
Benefit name
Retirement Income Choice 1.4 Benefit - Death Benefit
Internal benefit name
Retirement Income Choice 1.4 Benefit - Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
8
Inception date
May 01, 2009
Closed date
—
DTCC Rider ID
—
Last modified
Aug 07, 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
Issuer will recalculate benefit base upon partial withdrawal.
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 under certain conditions after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Benefit is only available in conjunction with Retirement Income Choice 1.4. Upon death of annuitant, benefit is equal to contract value, thereafter, death benefit is equal to death benefit at issue, plus purchase payments made adjustments for withdrawals. After 5th rider anniversary, annuitant may elect to step-up benefit base equal to contract value until age 85. Upon step-up, Issuer will terminate current benefit and issue a new benefit with new rider date and rider fee percentage. No additional death benefit is payable if a death benefit payable under contract exceeds Retirement Income Choice 1.4.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Retirement Income Choice 1.4.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.