BD
● Active
Basic Death Benefit
MEMBERS Life Insurance Company
DTCC ID
—
COMPANY
MEMBERS Life Insurance Company
TYPE
RILA
INCEPTION
Jul 12, 2021
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
RILA
Status
● Active
Sequence
1
Inception date
Jul 12, 2021
Closed date
—
DTCC Rider ID
—
Last modified
May 14, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
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
Not Applicable.
Partial withdrawals
Withdrawals will proportionally reduce the Purchase Payment by the ratio of the withdrawal to the Contract Value.
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 be greater of- 1) Contract Value or 2) total Purchase Payments adjusted for withdrawals.
Lifecycle Events
Cancellation
May not be cancelled
Termination
May not be termination
Available when added
Automatically included at contract issue.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.