RO
● Active
Return of Premium Death Benefit
Transamerica Life Insurance Company
DTCC ID
—
COMPANY
Transamerica Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 04, 1993
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
4
Inception date
May 04, 1993
Closed date
Jan 31, 2004
DTCC Rider ID
—
Last modified
Sep 27, 2022
Life & Age
Based on life
Owner and Annuitant
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
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 only. Upon death of annuitant, benefit will be greater of - 1) contract value; or less 2) any adjusted partial surrenders as of the date of death.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Benefit terminates upon Annuitization
Available when added
Only at contract issue.