Important Information About The Transamerica Structured Index Advantage Annuity

Registered Index-linked Annuities are long-term, tax-deferred vehicles designed for retirement purposes and are not for everyone. They are subject to possible loss of principal and earnings due to market fluctuation, investment risks, and as a result of fees and charges under the policy including surrender charges, other transaction charges, and periodic charges.

Before investing, consider a registered index-linked annuity investment objectives, risks, charges and expenses.  Go to the prospectus containing this and other information.  Please read carefully.

The Policy is designed primarily for investors who expect to remain invested in an Allocation Account until the end of its Crediting Period and may be appropriate for you if you have a long investment time horizon. This Policy is not designed for people who expect to take early or frequent withdrawals.

This product has no explicit fees.  Additional fees may apply to optional benefits including the Credit Advantage fee of 1.25%. The Credit Advantage fee applies only to the Index Account Options where the Credit Advantage is included.  Surrender charge schedule 8%, 8%, 7%, 6%, 5%, 4%, 0% based on years since each premium payment.

At the end of a Crediting Period for an Allocation Account, you may choose to reinvest in the same Allocation Account or transfer the policy value into that Allocation Account or another Allocation Account.  Growth Opportunity rates may be higher or lower upon renewal. 

All guarantees, including optional benefits, are based on the claims-paying ability of the issuing insurance company.

You cannot directly invest in an index and the annuity does not participate directly in any stock or equity investments.

If you invest in an Index Account Option, the Index Account Option’s Downside Protection may not fully protect you from loss. Your losses could be significant. A Growth Opportunity Type may limit your participation in positive Index performance, limiting the upside potential of your investment. 

Transamerica reserves the right to add or remove any Index and/or Index Account Option(s). Not all Indices and/or Index Account Option(s) will be available at all times.  This tool may not include all available Index Account Options.  Please consult with your financial professional or the prospectus.

S&P 500® Index

The S&P®, 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Transamerica Life Insurance Company (TLIC). Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by TLIC. Transamerica Structured Index AdvantageSM Annuity are not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Transamerica Structured Index AdvantageSM Annuity or any member of the public regarding the advisability of investing in securities generally or in Transamerica Structured Index AdvantageSM Annuity particularly or the ability of the S&P 500® Index to track general market performance. S&P Dow Jones Indices’ only relationship to TLIC with respect to the S&P 500® Index is the licensing of the Index and certain trademarks, service marks, and/or trade names of S&P Dow Jones Indices or its licensors. The S&P 500® Index is determined, composed, and calculated by S&P Dow Jones Indices without regard to TLIC or the Transamerica Structured Index AdvantageSM Annuity. S&P Dow Jones Indices have no obligation to take the needs of TLIC or the owners of Transamerica Structured Index AdvantageSM Annuity into consideration in determining, composing, or calculating the S&P 500® Index. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of Transamerica Structured Index AdvantageSM Annuity or the timing of the issuance or sale of Transamerica Structured Index AdvantageSM Annuity or in the determination or calculation of the equation by which Transamerica Structured Index AdvantageSM Annuity is to be converted into cash, surrendered, or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing, or trading of Transamerica Structured Index AdvantageSM Annuity. There is no assurance that investment products based on the S&P 500® Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to Transamerica Structured Index AdvantageSM Annuity currently being issued by TLIC, but which may be similar to and competitive with Transamerica Structured Index AdvantageSM Annuity. In addition, CME Group Inc. and its affiliates may trade financial products which are linked to the performance of the S&P 500® Index.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS, AND/OR THE COMPLETENESS OF THE S&P 500® INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING, BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY TLIC, OWNERS OF THE TRANSAMERICA STRUCTURED INDEX ADVANTAGESM ANNUITY OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500® INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING, BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME, OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND TLIC OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

 

The Fidelity World Factor Leaders IndexSM 0.5% AR

The Fidelity World Factor Leaders IndexSM 0.5% AR (the “Index”) is an equity index, offering exposure to US and Developed non-US companies with attractive valuations, high quality profiles, positive momentum signals and lower volatility than the broader world market and is a product of Fidelity Product Services LLC (“FPS”).  Fidelity is a trademark of FMR LLC. The Index  has been licensed for use for certain purposes by Transamerica Life Insurance Company (TLIC) on behalf of Transamerica Structured Index AdvantageSM Annuity. The Index is the exclusive property of FPS and is made and compiled without regard to the needs, including, but not limited to, the suitability needs, of TLIC, the Transamerica Structured Annuity, or the Transamerica Structured Index AdvantageSM Annuity contract owners. The Transamerica Structured Index AdvantageSM Annuity is not sold, sponsored, endorsed or promoted by FPS or any other party involved in, or related to, making or compiling the Index. FPS does not make any warranty or representation as to the accuracy, completeness, or availability of the Index or information included in the Index and shall have no responsibility or liability for the impact of any inaccuracy, incompleteness, or unavailability of the Index or such information. Neither FPS nor any other party involved in, or related to, making or compiling the Index makes any representation or warranty, express or implied, to the Transamerica Structured Index AdvantageSM Annuity contract owner, TLIC, or any member of the public regarding the advisability of purchasing annuities generally or the Transamerica Structured Index AdvantageSM Annuity particularly, the legality of the Transamerica Structured Index AdvantageSM Annuity under applicable federal securities, state insurance and tax laws, the ability of the Transamerica Structured Index AdvantageSM Annuity to track the performance of the Index, any other index or benchmark or general market or other asset class performance, or the results, including, but not limited to, performance results, to be obtained by TLIC, the Transamerica Structured Index AdvantageSM Annuity, Transamerica Structured Index AdvantageSM Annuity contract owners, or any other person or entity. FPS does not provide investment advice to TLIC with respect to the Transamerica Structured Index AdvantageSM Annuity, to the Transamerica Structured Index AdvantageSM Annuity, or to Transamerica Structured Index AdvantageSM Annuity contract owners. TLIC exercises sole discretion in determining whether and how the Transamerica Structured Index AdvantageSM Annuity will be linked to the value of the Index. FPS does not provide investment advice to the Transamerica Structured Index AdvantageSM Annuity, the Transamerica Structured Index AdvantageSM Annuity contract owners, or any other person or entity with respect to the Index and in no event shall any Transamerica Structured Index AdvantageSM Annuity contract owner be deemed to be a client of FPS. Neither FPS nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to TLIC with respect to the Transamerica Structured Index AdvantageSM Annuity. In the event that the Index is no longer available to the Transamerica Structured Index AdvantageSM Annuity or Transamerica Structured Index AdvantageSM Annuity contract owners, TLIC may seek to replace the Index with another suitable index, although there can be no assurance that one will be available. FPS disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. FPS shall have no responsibility or liability with respect to the annuity.

 

iShares® Russell 2000 ETF

The iShares® Russell 2000 ETF is distributed by BlackRock Investments, LLC. iShares® and BlackRock®, and the corresponding logos, are registered trademarks of BlackRock, Inc. and its affiliates (“BlackRock”) and are used under license. BlackRock has licensed certain trademarks and trade names of BlackRock to Transamerica Life Insurance Company (TLIC) for certain purposes. TLIC’s products and services are not sponsored, endorsed, sold, or promoted by BlackRock, and purchasers of such products do not acquire any interest in the iShares® Russell 2000 ETF nor enter into any relationship of any kind with BlackRock. BlackRock makes no representations or warranties, express or implied, to the owners of any products offered by TLIC or any member of the public regarding the advisability of purchasing any product or service offered by TLIC. BlackRock has no obligation or liability for any errors, omissions, interruptions or use of the iShares® Russell 2000 ETF or any data related thereto, or in connection with the operation, marketing, trading or sale of any TLIC product or service offered by TLIC.

 

iShares® U.S. Technology ETF

The iShares® U.S. Technology ETF is distributed by BlackRock Investments, LLC. iShares® and BlackRock®, and the corresponding logos, are registered trademarks of BlackRock, Inc. and its affiliates (“BlackRock”) and are used under license. BlackRock has licensed certain trademarks and trade names of BlackRock to Transamerica Life Insurance Company (TLIC) for certain purposes. TLIC’s products and services are not sponsored, endorsed, sold, or promoted by BlackRock, and purchasers of such products do not acquire any interest in the iShares® U.S. Technology ETF nor enter into any relationship of any kind with BlackRock. BlackRock makes no representations or warranties, express or implied, to the owners of any products offered by TLIC or any member of the public regarding the advisability of purchasing any product or service offered by TLIC. BlackRock has no obligation or liability for any errors, omissions, interruptions or use of the iShares® U.S. Technology ETF or any data related thereto, or in connection with the operation, marketing, trading or sale of any TLIC product or service offered by TLIC.

The hypothetical examples are for illustration purposes only.  Past performance is not a guarantee of future results.  Actual performance may be lower or higher than the performance shown.

The assumptions on which these examples are based are subject to change.  The Cap rates shown are effective throughout the Crediting Period Illustrated.  They may change before the contract is issued but will not be less than the minimum guarantees.  Cap rates are reset at the beginning of each Crediting Period and are subject to change but will never be less than the guaranteed limits.  Please see prospectus for minimum guarantees.

The hypothetical examples assume no additional investment or withdrawals and do not reflect the deduction of any fees.  If they had, the Ending Value may have been lower.

 

INDEX HISTORICAL INFORMATION

Historical returns are hypothetical. Past performance does not guarantee future results.  Each Index scenario has been created in order to demonstrate the mechanics of the Index Account Options of the Transamerica Structured Index Advantage Annuity. The tool presents a limited range of historical outcomes and the graphs shown are for illustrative purpose only. The Transamerica Structured Index Advantage Annuity was not available for purchase during these time periods illustrated. 

Down Market: A down market is to be considered any 1 year, 2 year, or 6 year Crediting Period in which performance for the selected index/indices is negative. Scenario returns are based on the historical returns of the chosen index.

Up Market: An up market is to be considered any 1 year, 2 year, or 6 year Crediting Period in which performance for the selected index/indices is positive. Scenario returns are based on the historical returns of the chosen index.

 

OTHER INFORMATION

Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% additional federal tax if withdrawn before age 59½. Withdrawals reduce the policy value, death benefit and other annuity values.

Neither Transamerica nor its agents or representatives may provide tax, investment or legal advice.  Anyone to whom this material is promoted, marketed, or recommended should consult with and rely on their own independent tax and legal professionals and financial professional regarding their particular situation and the concepts presented herein.

The policy may be referred to as a variable annuity or modified guaranteed annuity in some states.

Not available in New York or Oregon.

All policies, riders, and forms may vary by state and may not be available in all states. Transamerica Structured Index AdvantageSM Annuity Policy Form No. TPVA1400-0720, Florida No. TPVA14FL-0720 (SC). Return of Premium Death Benefit Rider No. TRMD1400-R0821, Florida No. TRMD14FL-R0821 (SC), Basic Index Account Rider No. TRIA1000-R0821. Best Entry Index Account Rider Form No. TRIA1200-R0821, Florida No. TRIA12FL-R0821, Credit Advantage Rider No. TRIA1100-0720, Florida No. TRIA11FL-0720. Buffer Rider No. TRIA1300-0720, Florida No. TRIA13FL-0720. 

Best Entry Reset Maximum:
The percentage that represents the maximum Initial Index Value change allowed for a reset. 
The reset of the Initial Index Value is subject to the Best Entry Reset Maximum and Best Entry Reset Threshold Index values below the Best Entry Maximum on a Observation Day will be reset at the Best Entry Reset Maximum of -20.

Buffer:
The negative index performance that Transamerica absorbs over the duration of the period before applying any negative performance to your Index Account option.

Cap:
The maximum rate of interest that may be credited at the conclusion of the Crediting Period for a particular Index Account Option.

Best Entry Reset Threshold:
The percentage that is compared to the lowest observed Index Value, as a percentage of the Initial Index Value at the beginning of the Crediting Period, to determine whether a reset of the Initial Index Value is applicable. This percentage is declared at the beginning of a Crediting Period.

Crediting Period:
The period of time following an allocation in which the current rates associated with the allocation will not change. It is also the period of time used to determine the Index Change and the corresponding interest to be credited. 

Index Account Option Value:
The value of the investment in an Index Account Option.


Initial Index Value:
The value of an Index on the first day of the Crediting Period. If a reset occurs on any Observation Day, then this value will be changed to the greater of the lowest Index Value observed on any Observation Day or the Best Entry
Reset Minimum Value.