Fixed Annuities

• Maximum issue age is 90 (85 in Oklahoma).
• Choose between a one-year and a six-year interest rate guarantee period option^*. Guaranteed ^** 2% minimum interest rate for first six policy years and 1.5% thereafter. A six-year surrender charge schedule in all states (9%, 9%, 8%, 7%, 6%, 5% of amount withdrawn in excess of the surrender charge-free amount. In Al, CA, IN, MD, and PA, the surrender charge schedule is 8%, 8%, 7%, 6%, 5%, 4%). Call your Transamerica representative for state-specific surrender charge schedules.
• Start with as little as $2,000 for IRA and SEP annuities² and $5,000 for non-qualified funds. Additional premiums may be added ($1,000 minimum) during the first policy year only. (Depending on amount, prior company approval may be required.)
• Policy value is accessible through a choice of several options. In the first policy year, you can withdraw accrued interest without incurring company-imposed surrender charges or any Market Value Adjustment (MVA). After the first policy year, you may withdraw up to 10% annually of the policy value (Partial Sum) as of the prior policy anniversary without incurring surrender charges or any Market Value Adjustment (MVA). Minimum withdrawal amount is $500. ^{3, 5}

• Market Value Adjustment (MVA) is an interest adjustment that is applicable when there is an early withdrawal in excess of the penalty-free amounts during the guaranteed period. If the current interest rates set by the Company have risen since the date of the initial guarantee interest rate, the adjustment will be negative. However, if the current interest rates set by the Company have decreased since the date of the initial guarantee interest rate, the adjustment will be positive. Applies to the six-year guarantee period option only.
• Systematic Payout Option³ can be used to set up automatic electronic withdrawals of up to 10% of the policy value on the last policy anniversary on a monthly, quarterly, semi-annual, or annual basis. Minimum withdrawal amount is $50. ^{4, 5}
• Nursing Care and Terminal Condition Withdrawal Option^{3, 5, 6} provides for 100% of the surrender charge and MVA to be waived when the annuity owner or owner’s spouse (annuitant or annuitant’s spouse if the owner is not a natural person) is confined to a hospital or nursing facility for at least 30 consecutive days or is diagnosed as having a terminal condition. Confinement must begin or diagnosis must be made on or after policy date. Minimum distribution is $1,000 ($500 in New Jersey).
• Minimum Required Distribution⁵ for your annuity will be calculated and distributed to meet IRS requirements at your request to the Company and if your annuity is set up as a traditional IRA or other qualified retirement plan.^{2, 3}
• Additional Interest Credit currently equal to 1% is added to the initial base interest rate to establish the initial total interest rate. The additional interest credit is guaranteed for 12 months from the date the premium is received. Additional premium payments may be made during the first policy year and each premium payment will also receive a current 1% additional interest credit for 12 months from the date the premium is received. For future policy issues, the additional interest credit may vary from 0-1%, except in FL, TX, and UT, where the additional interest credit may vary from 0.25-1%.
• Premium Enhancement. During the first policy year, if the total cumulative gross premiums paid at the time of each premium payment are equal to or greater than $75,000, then an amount currently equal to 0.75% will be applied only to that premium payment and the resulting amount will be added to the policy value. For future policy issues, the Premium Enhancement may vary from 0.25%-2%, except in OR and WA, where the Premium Enhancement is fixed at 0.75%. This addition is not considered a premium payment. No Premium Enhancement will apply if the policy is cancelled pursuant to the Right to Cancel Provision. A Premium Enhancement is not intended to reimburse surrender charges on annuity replacements.

Top of Page