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Your retirement savings can benefit from lifetime income and a broad investment lineup through Transamerica Income EdgeSM. Transamerica Income Edge is an optional living benefit available with a Transamerica variable annuity. It guarantees a steady, reliable income stream for life, even if the policy value falls to zero.
Additionally, Transamerica Income Edge has one of the higher withdrawal payout percentages in the industry – offering up to 7% guaranteed, depending on age, time invested, and step-ups.
Transamerica Income Edge is designed to capitalize on up-markets with the ability to invest up to 60% of premiums in potentially high-growth stocks. Remaining funds are then divided between select investment options and a required 20% allocation to the stable account. A growth-focused investment strategy can lead to a larger income base, which you can then access for life using the payout percentages.
All guarantees, including optional benefits, are backed by the claims-paying ability of the issuing insurance company.
Certain conditions and limitations apply.
All policies, forms, and riders may vary by state, and may not be available in all states.
ICC16 RGMB510616(IS), ICC16 RGMB510616(IJ), NIC16 RGMB510616(IS)(FL), NIC16 RGMB510616(IJ)(FL), NIC16 RGMB510616(IS)(NY), NIC16 RGMB510616(IJ)(NY)
Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% additional federal tax if withdrawn before age 59½.
If you elect the Transamerica Income EdgeSM living benefit, there are certain underlying investment options offered in the policy that use a volatility control strategy. Volatility control strategies, in periods of high market volatility, could limit your participation in market gains; this may conflict with your investment objectives by limiting your ability to maximize potential growth of your policy value and, in turn, the value of any guaranteed benefit that is tied to investment performance. Volatility control strategies are intended to help limit overall volatility and reduce the effects of significant market downturns during periods of high market volatility, providing policy owners with the opportunity for smoother performance and better risk adjusted returns. You pay an additional fee for the living benefit which, in part, pay for protecting the living benefit base from investment losses. Since the living benefit base does not decrease as a result of investment losses, volatility control strategies might not provide meaningful additional benefit to you. If you determine that underlying funds with volatility control strategies are not consistent with your investment objectives, there continues to be other investment options available under the Transamerica Income EdgeSM living benefit, that do not invest in funds that utilize volatility control strategies.
Annuitization must generally occur by the annuitant’s age 99. On the maximum annuity commencement date, the living benefit terminates. By annuitizing the policy, you will have the option to receive lifetime payments that are no less than the withdrawals allowed by the living benefit.
How do variable annuities work? How can they help your retirement plan? Get the answers to these questions and more.