Transamerica is capitalizing on recent strong market conditions to the benefit of its customers who purchase fixed index annuities. Transamerica now offers index account cap rates ranging from 2.25% to 4.35%. This provides the potential to earn interest based on rates up to the cap, while continuing to offer protection of the policy value in fixed index annuities. Interest credited to the annuity is based, in part, on the performance of a market index – but will never lose value regardless of how the market performs.
When combined with the living benefit, Transamerica’s fixed index annuities can help address a primary concern shared by prospective retirees – outliving their financial resources – by providing a lifelong source of predictable income. Customers who choose the optional living benefit also can obtain tax-deferred growth before they begin withdrawing income.
“The opportunity to earn interest offered by Transamerica’s fixed index annuities, combined with our unique optional living benefit, are designed to take a lot of guesswork out of people’s retirement planning,” said Transamerica senior vice president Joe Boan. “These annuities provide upside potential with a guarantee that policy values will not be negatively impacted by market conditions – and the optional living benefit provides a guaranteed retirement income stream, which helps solve one of the greatest challenges that retirees and pre-retirees experience,” he said.
“Transamerica’s fixed index annuities now offer customers the ability to obtain higher interest rates on their annuity with 100% downside protection,” Boan said. “And by selecting the optional living benefit, individuals can have the confidence of knowing their income stream will be guaranteed to last throughout retirement.”
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