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Fixed Annuities
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Transamerica Life Insurance Company (Transamerica) offers a variety of fixed annuities, both deferred and immediate:
Deferred Annuities: Deferred Annuities typically have two phases: the accumulation phase and the payout phase.
Accumulation Phase: You pay premiums into your policy, and the insurance company credits interest to the
fixed annuity, building policy value. Tax deferral accelerates earnings with your premium earning interest and
your interest earning interest.1 With an annuity, you won’t pay taxes on your money as it grows, unless
it’s withdrawn or otherwise distributed.2
Transamerica offers various options so policy owners can choose to purchase an annuity and begin the
accumulation phase with a single lump-sum premium or with flexible premium payments.
Annuitization Phase: Also known as the income or pay-out phase, the annuitant receives income from the policy.
Transamerica annuities offer a variety of annuitization options that can allow for a guaranteed stream of
payments for a fixed time period, for the rest of your life, or for your life and the life of your spouse, or
another loved one.
Immediate Annuities: A fixed immediate annuity allows you to turn a single lump-sum premium into an immediate
guaranteed stream of income, regardless of what happens in the financial markets. Whether you need income for a
specified period of time or for the rest of your life, no matter how long you live, or for the rest of your life
and that of your spouse, or another loved one, Transamerica’s immediate annuity provides a guaranteed
payment stream.
Why Transamerica Life Insurance Company?
Not all annuities—or the companies that issue them—are alike. An annuity is only as strong as the
company behind it. For the last century 3 , Transamerica companies have been a leading provider of insurance and
investment products for individuals and companies. Transamerica Life Insurance Company is a member of the
Insurance Marketplace Standards Association (IMSA). IMSA is an independent organization that was established to
maintain high standards of market conduct for individually sold life and annuity products. Meeting IMSA’s
rigorous membership requirements and adhering to its Principles and Code of Ethical Market Conduct demonstrate
our commitment to the highest market and business standards.
Getting Started
Contact us and let a Transamerica representative help you determine which type of fixed annuity may be right for you.
1Tax deferral is only available to individuals. It is not available for annuities owned by entities such as corporations and most types of trusts. There is no additional tax deferral benefit derived from placing IRA or other tax-qualified funds into an annuity. Features other than tax deferral should be considered in the purchase of an annuity.
2 Under current federal tax laws, amounts withdrawn or distributed may be subject, in whole or in part, to federal income tax. In addition, a federal income tax penalty may apply if distributions are made prior to age 59 ½.
3 Transamerica Occidental Life Company was incorporated in 1906.
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