BD
● Terminated
Basic Death Benefit
MEMBERS Life Insurance Company
DTCC ID
—
COMPANY
MEMBERS Life Insurance Company
TYPE
RILA
INCEPTION
Jul 11, 2016
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
RILA
Status
● Terminated
Sequence
1
Inception date
Jul 11, 2016
Closed date
Jan 01, 2021
DTCC Rider ID
—
Last modified
Jun 13, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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 after death of owner. In case of states NJ and OR, spouse may elect to continue benefit for the period not exceeding 5 years from the owner's death.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner, benefit will equal to contract value, without any surrender charge or MVA.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
No longer available for new purchases.