A
ACCIDENT INDEMNITY RIDER
Death benefit coverage that pays an additional benefit equal to the basic death
benefit of the policy if the insured's death is accidental.
ACCUMULATION VALUE
A certain percentage of each premium is deducted as an expense charge, and the rest of your
payment - the net premium - is deposited into your policy's accumulation value.
(See the definition of "net premium" in your policy for additional
information.)
Once a month, Transamerica takes out a monthly deduction from the accumulation value for
the cost of providing insurance coverage for that month. Any requested partial surrenders
are also deducted from the accumulation value. The balance that remains in the accumulation
value earns interest according to the terms of your policy. Interest is credited based on the
date premiums are received, so it's important to pay your premiums on a timely basis. Some policies also
provide special credits for the timely payment of required premiums.
ANNUITY
(1) A series of payments made or received at regular intervals.
(2) A contract that provides for a series of payments to be made or received at regular intervals.
AUTOMATIC WITHDRAWALS
Amount of dollars you authorize Transamerica to automatically and periodically
deducted from your bank account to pay premiums.
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