BD
● Terminated
Basic Death Benefit
MEMBERS Life Insurance Company
DTCC ID
—
COMPANY
MEMBERS Life Insurance Company
TYPE
RILA
INCEPTION
May 01, 2018
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
RILA
Status
● Terminated
Sequence
1
Inception date
May 01, 2018
Closed date
Nov 01, 2021
DTCC Rider ID
—
Last modified
Jun 16, 2025
Life & Age
Based on life
Owner
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
Withdrawals will reduce benefit base by dollar-for-dollar amount.
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.
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.