AS
● Active
Annual Step-Up Death Benefit
Transamerica Financial Life Insurance Company
DTCC ID
—
COMPANY
Transamerica Financial Life Insurance Company
INCEPTION
May 01, 2020
CLOSED
—
Identity
Benefit name
Annual Step-Up Death Benefit
Internal benefit name
Annual Step-Up Death Benefit
Status
● Active
Inception date
01 May 2020
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase only. Upon death of annuitant, benefit will be greater of - 1) total purchase payments adjusted for withdrawals; or 2) annual step-up death benefit, which is equal to highest contract value calculated on any contract anniversary prior to annuitant's 81st birthday; increased by purchase payments and reduced for adjusted withdrawals.