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Home : Life Insurance Products : Variable Universal Life Insurance : TransAccumulator VUL
TransAccumulator® VUL | TransUltra® VUL | TransSurvivorSM Life VUL
TransAccumulator® VUL
Life insurance protection with cash accumulation potential.
TransAccumulator® VUL is designed to provide life insurance protection with income
potential to supplement retirement or provide a source of emergency funds. It can also serve as part of a
supplemental retirement program for small and medium sized companies. As a life insurance product, earnings
accumulate tax-deferred until distributions are taken. Loans and withdrawals may be
taken from the policy beginning in year one, subject to charges and available net cash value.1
TransAccumulator VUL can offer you the following:
- Permanent life insurance protection.
- Potential to generate streams of supplemental income.
- The ability to take surrender penalty-free annual withdrawals up to 10% of the accumulated policy value (less any surrender penalty-free withdrawals made since prior policy anniversary).2
- Generally, tax-free death benefit to the beneficiaries of your choice.
- The benefits of fund management by some of the leading industry professionals.
- The freedom to allocate net premiums and accumulation value among the investment options - the sub-accounts and the fixed account3 - and the ability to make up to 18 no-charge, tax-free transfers between investment options each policy year.
- A range of optional riders to enhance coverage and tailor your benefits.
Clients should familiarize themselves with risk considerations, charges, and expenses before making their insurance decision. This information can be found in the TransAccumulator VUL prospectus. You can also view the performance updates.
A Transamerica representative can provide more detail regarding the benefits of TransAccumulator VUL.
1 Withdrawals and loans will affect the accumulation value and net cash value, and may affect the death benefit. Withdrawals and loans may have adverse tax consequences, so please consult your tax advisor.
2 Applies to Company-imposed surrender penalties. If an amount withdrawn is more than the surrender penalty-free withdrawal amount in a policy year, any applicable surrender charges will also be assessed on the excess amount withdrawn. Depending on policy value, a lower maximum partial surrender amount may apply. Distributions during the insured’s lifetime may be subject to income taxes. If your policy is a modified endowment contract, distributions during the insured’s lifetime, including policy loans, are taxable on an income-first basis and may be subject to an additional 10% federal income tax penalty if you take them prior to age 59 1/2.
3 Sub-account investment options are not the same funds as their publicly available mutual funds with similar names and are subject to state approval. Investment in the sub-accounts is subject to market risk, including possible loss of principal amount invested.
TransAccumulator® VUL is a variable universal life insurance policy issued by Transamerica Occidental Life Insurance Company, Cedar Rapids, IA, and distributed by Transamerica Securities Sales Corporation. Policy Form #1-144 11102 (GPT) and #1-145 11102 (CVAT); Group Certificate #2-74436102 (GPT) and #2-74536102 (CVAT) for certificates issued under a group policy issued to the Rhode Island National Consumer Protection Trust. Policy form and number may vary, and this product may not be available in all jurisdictions. Not available in New York. Riders may not be available in all jurisdictions. Variable universal life insurance products are not insured by the FDIC, NCUA, or any regulatory agency. They are not deposits or obligations of, nor guaranteed by, any financial institution or any affiliated agency. All sales must be made only when preceded or accompanied by current prospectuses for the product and for the underlying portfolios. The prospectus contains information regarding risk considerations, charges, and expenses. This product is subject to investment risk, including possible loss of principal amount invested. Prospectuses may be obtained from your registered representative. Prospective policyowners should read the prospectus carefully before investing or sending money.
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