AS
● Terminated
Annual Step-Up to Age 81 Death Benefit
Transamerica Financial Life Insurance Company
DTCC ID
—
COMPANY
Transamerica Financial Life Insurance Company
INCEPTION
Oct 03, 2016
CLOSED
Dec 31, 2018
Identity
Benefit name
Annual Step-Up to Age 81 Death Benefit
Internal benefit name
Annual Step-Up to Age 81 Death Benefit
Status
● Terminated
Inception date
03 Oct 2016
Closed date
31 Dec 2018
Description & Notes
Benefit description
Available during accumulation phase only. Upon death of annuitant, benefit will be greatest of - 1) contract value; 2) surrender value; or 3) Annual Step-Up to Age 81 Death Benefit. Annual Step-Up to Age 81 Death Benefit equals highest contract value calculated on any contract anniversary, until earlier of - 1) annuitant's death; or 2) 81st birthday; plus purchase payments made and less withdrawals made after that contract anniversary.