Beacon Data Entry
Additional Death Benefit
AD
● Terminated

Additional Death Benefit

Transamerica Life Insurance Company
DTCC ID
COMPANY Transamerica Life Insurance Company
INCEPTION
CLOSED Mar 31, 2021
Benefit name
Additional Death Benefit
Internal benefit name
Additional Death Benefit
Status
● Terminated
Inception date
Closed date
31 Mar 2021
Benefit description
Available during accumulation phase only. Upon death of owner, Issuer will add 45% of earnings (30% if owner ages between 70 to 75) to any death benefit payable under contract. Earnings are equal to contract value at death, minus contract value at rider and purchase payments made after death, plus withdrawals. If total purchase payments adjusted for withdrawals exceed contract value no earnings benefit will be paid.