GM
● Active
Guaranteed Minimum Death Benefit
Transamerica Life Insurance Company
DTCC ID
—
COMPANY
Transamerica Life Insurance Company
TYPE
RILA
INCEPTION
May 01, 2026
Identity
Benefit name
Guaranteed Minimum Death Benefit
Internal benefit name
Guaranteed Minimum Death Benefit
Product policy type
RILA
Status
● Active
Sequence
2
Inception date
May 01, 2026
Closed date
—
DTCC Rider ID
—
Last modified
Apr 10, 2026
Life & Age
Based on life
Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent premium payments will increase the benefit base by dollar for dollar.
Partial withdrawals
Withdrawals will reduce the benefit base proportionately.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue the contract even after the death of annuitant.
State Availability
Exception flag
No
Available in states
—
Benefit Description
This benefit applies during the accumulation phase. The death benefit will be the greater of the GMDB or the policy's current value. If the policy owner predeceases the annuitant during the accumulation phase, the death benefit will equal the policy's cash value, adjusted for surrender charges. For annuitants aged 0-70 at issue, the Guaranteed Minimum Death Benefit (GMDB) rider automatically included in the policy at no additional charge. For annuitants aged 71-80, the GMDB rider is optional and subject to an additional fee.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
The GMDB rider will terminate upon the earliest of:a) Annuitization; b) Death of the Annuitant or Owner, c) Surrender of the Policy; d) termination of contract. Rider can be reinstated after termination.
Available when added
Only at contract issue.
Effect change ownership
Ownership may not be changed.