special TERMS_____________________________________________________________________ |
1 |
important INFORMATION you should consider about the policy_______________________ |
3 |
Overview of the policy____________________________________________________________ |
6 |
Benefits Available Under the Policy________________________________________________ |
7 |
buying the policy_________________________________________________________________ |
12 |
13 | |
additional information about fees________________________________________________ |
14 |
| |
PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY_________________________________ |
17 |
|
FEES AND EXPENSES |
Location in
Prospectus | ||
Charges for Early
Withdrawal |
If You withdraw money from during a specified
number of Policy Years following the premium payment being withdrawn, You may be assessed a
surrender charge. The surrender charge is assessed for 5 years with a
maximum of 7% under the Axiom III. The Axiom III with the Access
Rider eliminates all surrender charges.
For example, if You make an early withdrawal, You could pay a surrender
charge on a $100,000 investment of up to $7,000 for the Axiom III. |
Annuity Policy Fee
Tables and
Expense
Examples
Transaction Expenses
– Surrender Charge Access to Your Money Surrenders and Withdrawals | ||
Transaction Charges |
In addition to surrender charges, You also may be assessed a transfer
fee and special services fee.
Transfer Fee. We reserve the right to charge for transfers among Investment Options after the first 12 transfers per
Policy Year. For each such additional transfer, we may
impose a transfer fee of $10. Currently, we do not charge
a transfer fee, but reserve the right to do so. Special Service Fee. We reserve the right to
deduct a charge for special services, including overnight
delivery, duplicate policies, handling insufficient
checks on new business, duplicate Form 1099 and Form 5498
tax forms, check copies, printing and mailing previously submitted
forms, and asset verification requests from mortgage
companies. |
Annuity Policy Fee
Tables and
Expense
Examples
Transaction
Expenses |
|
FEES AND EXPENSES
|
Location in
Prospectus | ||
Ongoing Fees and
Expenses
(annual charges) |
The table below describes the fees and expenses that You may pay
each year, depending on the options You choose. Please
refer to Your Policy
specifications page for information about the specific
fees You will pay each year based on the options You have
elected. |
Annuity Policy Fee
Tables and
Expense
Examples
Base Contract
Expenses Appendix
– Portfolio Companies Available Under the Policy | ||
Annual Fee |
Minimum |
Maximum | ||
Base Policy1 |
1.00%
|
3.00%
| ||
Portfolio Company (fund fees and
expenses)2 |
0.54%
|
2.05%
| ||
Optional Benefit Expenses (if elected) |
0.15%
1 |
2.50%
3 | ||
1 As a percentage of average Separate Account
Value. | ||||
2 As a percentage of Portfolio Company assets. | ||||
3 As a percentage of the Rider Fee Basis or Withdrawal Base. | ||||
Because Your Policy is customizable, the choices You make affect how
much You will pay. To help You understand the cost of
owning Your Policy, the following table shows the lowest
and highest cost You could pay each
year based on current charges. This estimate assumes that You do not
take withdrawals from the Policy, which could add surrender charges that substantially increase costs.
| ||||
Lowest Annual Cost
$1,579 |
Highest Annual Cost
$6,929 | |||
Assumes: |
Assumes: | |||
●Investment of $100,000 ●5% annual appreciation
●Least expensive Portfolio Company fees and expenses ●No optional benefits
●No sales charges ●No additional purchase payments,
transfers, or withdrawals |
●Investment of $100,000 ●5% annual appreciation
●Most expensive combination of optional benefits and Portfolio Company fees and expenses ●No sales charges
●No additional purchase payments, transfers, or withdrawals | |||
|
RISKS |
Location in
Prospectus | ||
Risk of Loss |
You can lose money by investing in this Policy. |
Principal Risks of
Investing in the
Policy | ||
Not a Short-Term
Investment |
This Policy is not a short-term investment and is not appropriate for
an investor who needs ready access to cash.
Surrender charges may apply for several years under the Policy.
Surrender charges will reduce the value of Your Policy if
You withdraw money during that time.
The benefits of tax deferral and living benefit protection also means
the Policy is more beneficial to investors with a
long-term time horizon. |
Principal Risks of
Investing in the
Policy Transaction
Expenses -
Surrender Charges
Tax Information
|
|
RISKS |
Location in
Prospectus | ||
Risks Associated with
Investment Options |
●An investment in this Policy is subject to the risk of poor investment
performance and can vary depending on the performance of the
Investment Options available under the
Policy. ●Each Investment Option, including the
Fixed Account, has its own
unique risks.
●You should review the prospectuses for the available Portfolio Companies before making an investment decision. |
Principal Risks of
Investing in the
Policy Investment
Options Appendix:
Portfolio
Companies Available
Under the
Policy | ||
Insurance Company
Risks |
Any obligations (including under the Fixed Account), guarantees, and
benefits under the Policy are subject to our
claims-paying ability. If we experience financial
distress, we may not be able to meet our obligations to
You. More information about Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company, including our
financial strength ratings, is available by visiting transamerica.com or by
calling toll-free (800)525-6205. |
Principal Risks of
Investing in the
Policy Information
About Us Financial
Condition | ||
|
RESTRICTIONS |
Location in
Prospectus | ||
Investments |
●We reserve the right to impose a charge for transfers in excess of 12
transfers per Policy year.
●We reserve the right to limit transfers in circumstances of large or
frequent transfers.
●The fixed account option may not be available for investment depending on when you applied for your Policy and when it was issued.
●We reserve the right to remove or substitute the Portfolio Companies
that are available as Investment Options under the Policy.
|
Transaction
Expenses
Investment Option – Transfers Market Timing and Disruptive Trading | ||
Optional Benefits |
●Certain optional benefits limit or restrict the Investment Options that
You may select under the Policy. We reserve the right to change these
restrictions in the future.
●Withdrawals that exceed limits specified by the terms of an optional
benefit may reduce the value of an optional benefit by an amount
greater than the value withdrawn, which could
significantly reduce the value or even terminate the
benefit. ●We reserve the right to stop offering an optional benefit at any time for
new sales, which includes sales to the Owners who may want to
purchase the benefit after they purchase the Policy.
●In some cases, a benefit may not be available through all financial
intermediaries or all states. For more information on the options
available for electing a benefit, please contact Your
financial intermediary or our Administrative
Office. |
Investment
Restrictions
Benefits Available
Under the
Policy Guaranteed
Lifetime
Withdrawal Benefit
Riders |
|
TAXES |
Location in
Prospectus | ||
Tax Implications |
●Consult with a tax professional to determine the tax implications of an
investment in and payments received under the Policy.
●If You purchase the Policy as an individual retirement account or
through a tax qualified plan, you do not get any additional tax
benefit. ●You will generally not be taxed on increases in the value of Your Policy
until they are withdrawn. Earnings on Your Policy are taxed at ordinary
income tax rates when withdrawn, and You may have to pay
a penalty if You take a withdrawal before age 59
½. |
Tax Information
| ||
|
CONFLICT OF INTEREST |
Location in
Prospectus | ||
Investment Professional
Compensation |
Your investment professional may receive compensation for selling this
Policy to You, in the form of commissions, additional
cash benefits (e.g., bonuses), and non-cash compensation.
Our affiliate, Transamerica Capital, Inc. (“TCI”) is the principal underwriter and may share the
revenue we earn on this Policy with Your investment
professional’s firm. In addition, we may pay all or
a portion of the cost of affiliates’ operating and
other expenses. This conflict of interest may influence Your investment professional to recommend this Policy over another investment
for which the investment professional is not compensated or compensated
less. |
Distribution of the
Policies | ||
Exchanges |
If You already own an insurance Policy, some investment professionals
may have a financial incentive to offer You a new Policy
in place of the one You own. You should only exchange a
Policy you already own if You determine, after comparing
the features, fees, and risks of both policies, that it
is better for You to purchase the new Policy rather than continue to own Your existing Policy. |
Exchanges and/or
Reinstatements
|
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Access Rider |
Eliminates any surrender
charges during the
accumulation phase. |
Optional |
0.20% annually of
the Separate Account Value. |
●Available only at Policy
purchase.
●Does not eliminate any Excess Interest Adjustment or modify other provisions. ●The rider is irrevocable. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
“Base Policy” Death Benefit |
Pays a minimum death benefit
equal to the greatest of Policy
Value, Cash Value plus positive
Excess Interest Adjustment and
Fixed Account portion of
minimum required Cash Value
plus the Separate Account
portion of the Policy Value. |
Standard |
No Charge |
●Available only at Policy purchase. ●You cannot drop this benefit
once elected.
●This benefit terminates without value upon Annuitization. |
Return of Premium
Death Benefit |
Pays minimum death benefit
equal to total premium
payments (minus adjusted
withdrawals as of the date of
death, and minus withdrawals
from the date of death to the
date the death benefit is paid). |
Optional |
0.15% annually as a
percentage of
Separate Account
Value |
●Available only at Policy purchase. ●You cannot drop this benefit
once elected.
●Not available if You or Annuitant is 86 or older on
Policy Date.
●Benefit is subject to Investment Restrictions.
●Withdrawals could significantly reduce or even terminate this benefit. ●Telephone and on-line
transfers among Investment
Options are not available.
●This benefit terminates without value upon Annuitization. |
Annual Step-Up Death
Benefit |
Pays a death benefit at least
equal to the highest Policy
Value on Policy Date or on any
Policy Anniversary prior to
Annuitant’s 81st birthday
(adjusted for premium
payments and withdrawals). |
Optional |
0.35% as a
percentage of
Separate Account
Value |
●Available only at Policy
purchase.
●You cannot drop this benefit once elected. ●Not available if You or
Annuitant is 76 or older on
Policy Date.
●Benefit is subject to Investment Restrictions. ●Withdrawals could
significantly reduce or even
terminate this benefit.
●Policy Value “Step-Up” eligibility ends on Your Policy Anniversary prior to Your 81st birthday. ●This benefit terminates
without value upon
Annuitization. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Nursing Care and
Terminal Condition
Waiver |
Waives Surrender Charges and
Excess Interest Adjustments if
You or Your spouse are confined
to a nursing home or have
terminal illness. |
Standard |
No charge |
●Withdrawals are subject to a $1,000 minimum. ●Qualifying conditions related
to nursing home stay and
terminal illness. |
Unemployment Waiver |
Waives Surrender Charges and
Excess Interest Adjustments if
You or Your spouse become
unemployed due to involuntary
job termination or lay-off. |
Standard |
No charge |
●There are certain qualifying conditions related to Your job termination and job history. ●You must be employed full
time on the Policy Date and
employed full time for at least
two years prior to becoming
unemployed.
●You must be unemployed for a certain period of time prior to taking a withdrawal, be receiving unemployment and have $5,000 in Cash Value. |
Traditional and Special
Dollar Cost Averaging
Program |
Allows You to automatically
make transfers into one or more
Subaccounts in accordance with
Your allocation instructions in
order, on average, to buy more
Accumulation Units when prices are low and fewer Accumulation Units when prices are high. |
Standard |
No charge |
●Traditional - A minimum of $500 per transfer is required. ●There are maximum and
minimum transfer
requirements.
●Special - Limited to set period of time and is only available for new premium payments (subject to minimum amounts). Transfers can only be made from a fixed source, and we may credit a lower interest rate than for a traditional program. |
Asset Rebalancing |
Allows You to automatically
rebalance the amounts in Your
Subaccounts to maintain Your
desired asset allocation. |
Standard |
No charge |
●Does not include any
amounts allocated to the
Fixed Account. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Systematic Payout
Option |
Provides monthly, quarterly,
semi-annual or annual
withdrawals. |
Optional |
No Charge |
●Subject to $40 minimum
withdrawals.
●Systematic withdrawals in excess of cumulative interest credited from Guaranteed Period Options may be subject to Excess Interest Adjustment. ●Systematic withdrawals in
excess of remaining Surrender Charge Free Amount may be
subject to Surrender Charge.
●Systematic withdrawals can significantly reduce benefit value or terminate benefit. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Transamerica Principal
OptimizerSM
Rider |
Provides retirement income for
life through a Guaranteed
Lifetime Withdrawal Benefit
and a Guaranteed Minimum Accumulation Benefit. |
Optional |
2.50%, annually of
the Rider Fee Basis |
●Cannot be added to a Policy
with another active
Guaranteed Minimum Living
Benefit Rider or with
Inherited IRA policies.
●Cannot elect this rider if Your original Policy application was signed in New York December 4, 2023 or later and Your Policy has the Return of Premium or Annual Step-Up Death Benefit options. ●Available for
Annuitant/Annuitant’s spouse
younger than age 86 unless
state law requires further
restrictions.
●Joint Life options are available subject to certain restrictions and differences, including our right to charge a higher fee and provide lower annual withdrawal amounts. ●Rider fees are subject to
increase (or decrease) at the
time of any automatic step-up
of the withdrawal base. You
can opt out of any step-up
(and fee increase).
●Benefit is subject to Investment Restrictions, including a certain percentage of Your Policy Value must be allocated to the Stable
Account. ●Certain withdrawals could
significantly reduce or even
terminate the benefits.
●All withdrawals reduce Your Policy Value, may be subject to surrender charges and/or Excess Interest Adjustments, as well as income tax and penalties. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Transamerica Income
EdgeSM
1.2 Rider |
Provides Guaranteed Lifetime
Withdrawal Benefit amount,
which can be withdrawn in any
rider year after age 59. |
Optional |
2.50% as a
percentage of the
Withdrawal Base |
●Cannot be added to a Policy
with another active
Guaranteed Minimum Living
Benefit Rider or with
Inherited IRA policies.
●Available for Annuitant/Annuitant’s spouse younger than age 86 unless state law requires further restrictions. ●Joint Life options available
subject to certain restrictions
and differences, including
right to charge higher fee and
provide lower annual
withdrawal amounts.
●Rider fees subject to increase (or decrease) at time of any automatic step-up of the withdrawal base. You can opt out of any step-up (or fee increase). ●Policy Value must be
allocated to designated
Investment Options.
●Excess withdrawals could significantly reduce or terminate the benefits. |
|
Qualified Policies |
Non-Qualified Policies |
Minimum Initial Premium Payment |
$1,000 |
$5,000 |
Minimum Subsequent Premium
Payments |
You are not required to make any
subsequent premium payments. If You
choose to make a subsequent premium
payment, it must be at least $50 |
You are not required to make any subsequent premium payments. If You choose to make a subsequent premium payment, it must be at least $50 |
|
Qualified Policies |
Non-Qualified Policies |
Maximum Subsequent Purchase
Payment (per contract after 1st
year anniversary) |
Lesser of:
1)the IRS maximum contribution limit, or 2)$60,000 |
$25,000 |
Maximum Total Premium Payments* |
●$1,000,000 (up to age 80) without our approval ●$500,000 (over age 80) without our
approval |
●$1,000,000 (up to age 80) without
our approval
●$500,000 (over age 80) without our approval |
Minimum withdrawal amount |
$500 |
Surrender charges, Excess Interest Adjustment and
taxes |
There may be surrender charge, Excess Interest Adjustment
and tax implications when You take out money. |
Negative impact on benefits and guarantees of Your
Policy |
A withdrawal may have a negative impact on certain optional
benefits that You may elect. It may significantly reduce the
value or even terminate the benefit. |
Internal Revenue Code or Retirement Plans
|
Depending on the circumstances, the Internal Revenue Code or Your retirement plan may restrict Your ability to take withdrawals. |
Contingent Deferred Surrender Charge (as a percentage of premium surrendered or withdrawn)(1) |
|
Year 1 |
7% |
Year 2 |
6% |
Year 3 |
5% |
Year 4 |
4% |
Year 5 |
3% |
Year 6 (or more) |
0% |
Transfer
Fee(2) |
$10 |
Special Service
Fee(3) |
$50 |
Annual Service Charge |
Lesser of $35 or 2%
of the Policy Value |
Base Contract Expenses (as a percentage of average
Separate Account Value): |
1.00% |
Optional Benefit Expenses: |
|
Return of Premium Death Benefit (as a percentage, annually, of average Separate Account Value) |
0.15% |
Annual Step-Up Death Benefit (as a percentage, annually, of average Separate Account Value) |
0.35% |
Access Rider (as a percentage, annually, of average Separate Account Value) |
0.20% |
Portfolio Companies |
Annualized Fee % |
DFA VA Global Bond Portfolio - Institutional Class Vanguard® VIF Balanced Portfolio Vanguard® VIF Conservative Allocation Portfolio Vanguard® VIF Mid-Cap Index Portfolio Vanguard® VIF Moderate Allocation Portfolio |
0.60% |
Fidelity® VIP Consumer Staples - Initial Class Fidelity® VIP Technology Portfolio - Initial Class Fidelity® VIP Utilities Portfolio - Initial Class |
0.50% |
Fidelity® VIP Balanced Portfolio - Service Class 2 Fidelity® VIP Energy Portfolio - Service Class 2 Fidelity® VIP Health Care Portfolio - Service Class 2 |
0.30% |
AB Balanced Hedged Allocation Portfolio - Class B American Funds - Asset Allocation
FundSM Class
4 State Street Total Return V.I.S. Fund - Class 3 |
0.20% |
American Funds - New World
Fund®
- Class 4 TA MSCI EAFE Index - Service Class TA S&P 500 Index - Service Class |
0.15% |
American Funds - Growth FundSM - Class 4 American Funds - Growth-Income
FundSM - Class
4 American Funds - International FundSM - Class 4 |
0.13% |
American Funds - The Bond Fund of AmericaSM - Class 4 |
0.11% |
|
Maximum |
Optional Benefit Expenses |
|
Transamerica Principal
OptimizerSM rider
(annual charge - % of the Rider Fee Basis)* |
2.50% |
Transamerica Income EdgeSM 1.2 rider (annual charge - % of Withdrawal Base)* |
2.50% |
Total Portfolio Annual Operating Expenses (Expenses that are deducted from portfolio assets,
including management fees, distribution and/or service 12b-1 fees, Fund
Facilitation Fee if applicable and other
expenses): |
|
Lowest Gross |
0.54% |
Highest Gross |
2.05% |
|
without Access Rider |
with Access Rider |
1 Year |
$13,866 |
$7,759 |
3 Years |
$27,413 |
$23,451 |
5 Years |
$41,190 |
$39,451 |
10 Years |
$77,989 |
$79,279 |
|
without Access Rider |
with Access Rider |
1 Year |
$7,566 |
$7,759 |
3 Years |
$22,913 |
$23,451 |
5 Years |
$38,490 |
$39,317 |
10 Years |
$77,989 |
$79,279 |
Investment Objective |
Underlying Fund Portfolios and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
To maximize total return consistent
with the Adviser's determination of
reasonable risk. |
AB Balanced Hedged Allocation
Portfolio - Class B
Advised by: AllianceBernstein L.P.
|
0.99% |
0.20% |
1.19% |
12.66% |
5.92% |
5.04% |
Long-term growth of capital. |
AB Relative Value Portfolio - Class B
Advised by: AllianceBernstein L.P.
|
0.87% |
- |
0.87% |
11.72% |
11.57% |
9.05% |
To provide high total return (including
income and capital gains) consistent
with preservation of capital over the
long term. |
American Funds - Asset Allocation
FundSM Class 4
Advised by: Capital Research and
Management CompanySM |
0.80% |
0.20% |
1.00% |
14.02% |
8.92% |
6.98% |
To provide growth of capital. |
American Funds - Growth FundSM -
Class 4
Advised by: Capital Research and
Management CompanySM |
0.84% |
0.13% |
0.97% |
38.13% |
18.38% |
14.07% |
To achieve long-term growth of capital
and income. |
American Funds - Growth-Income
FundSM - Class 4
Advised by: Capital Research and
Management CompanySM |
0.78% |
0.13% |
0.91% |
25.82% |
13.08% |
10.63% |
To achieve long-term growth of capital. |
American Funds - International
FundSM - Class 4
Advised by: Capital Research and
Management CompanySM |
1.03% |
0.13% |
1.16% |
15.56% |
4.58% |
3.15% |
Long-term capital appreciation. |
American Funds - New World Fund® - Class 4 Advised by: Capital Research and Management CompanySM |
1.14% |
0.15% |
1.29% |
15.67% |
8.37% |
4.43% |
To provide as high a level of current
income as is consistent with the
preservation of capital. |
American Funds - The Bond Fund of
AmericaSM - Class 4
Advised by: Capital Research and
Management CompanySM |
0.88% |
0.11% |
0.99% |
4.72% |
1.62% |
1.83% |
Provide a market rate of return for a
fixed income portfolio with low relative
volatility of returns. |
DFA VA Global Bond Portfolio -
Institutional Class
Advised by: Dimensional Fund Advisors
LP |
0.21% |
0.60% |
0.81% |
5.05% |
0.58% |
1.29% |
Investment Objective |
Underlying Fund Portfolios and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks income and capital growth
consistent with reasonable risk. |
Fidelity® VIP Balanced Portfolio -
Service Class 2
Advised by: Fidelity Management &
Research Company |
0.69% |
0.30% |
0.99% |
21.29% |
12.16% |
8.81% |
Seeks capital appreciation. |
Fidelity® VIP Consumer Staples -
Initial Class
Advised by: Fidelity Management &
Research Company |
0.61% |
0.50% |
1.11% |
3.14% |
11.46% |
8.14% |
Seeks long-term capital appreciation. |
Fidelity® VIP Contrafund® Portfolio -
Service Class 2
Advised by: Fidelity Management &
Research Company |
0.81% |
- |
0.81% |
33.12% |
16.36% |
11.33% |
Seeks capital appreciation. |
Fidelity® VIP Energy Portfolio - Service
Class 2
Advised by: Fidelity Management &
Research Company |
0.86% |
0.30% |
1.16% |
0.70% |
13.36% |
2.37% |
Seeks capital appreciation. |
Fidelity® VIP Health Care Portfolio -
Service Class 2
Advised by: Fidelity Management &
Research Company |
0.84% |
0.30% |
1.14% |
4.01% |
9.50% |
10.39% |
Seeks long-term growth of capital. |
Fidelity® VIP Mid Cap Portfolio -
Service Class 2
Advised by: Fidelity Management &
Research Company |
0.82% |
- |
0.82% |
14.80% |
12.17% |
7.85% |
Seeks capital appreciation. |
Fidelity® VIP Technology Portfolio -
Initial Class
Advised by: Fidelity Management &
Research Company |
0.59% |
0.50% |
1.09% |
58.32% |
26.57% |
19.61% |
Seeks capital appreciation. |
Fidelity® VIP Utilities Portfolio -
Initial Class
Advised by: Fidelity Management &
Research Company |
0.61% |
0.50% |
1.11% |
-1.08% |
8.56% |
9.14% |
Seeks capital appreciation. |
Fidelity® VIP Value Strategies Portfolio
- Service Class 2
Advised by: Fidelity Management &
Research Company |
0.85% |
- |
0.85% |
20.61% |
16.63% |
9.10% |
The highest total return, composed of
current income and capital
appreciation, as is consistent with
prudent investment risk. |
State Street Total Return V.I.S. Fund -
Class 3
Advised by: SSGA Funds Management,
Inc. |
0.90% |
0.20% |
1.10% |
15.21% |
5.90% |
4.66% |
Seeks long-term capital appreciation
and current income. |
Transamerica 60/40 Allocation VP -
Service Class
Advised by: Transamerica Asset
Management, Inc. |
0.90% |
- |
0.90% |
15.95% |
8.88% |
N/A |
Seeks maximum total return consistent
with preservation of capital and
prudent investment management. |
Transamerica Aegon Bond VP –
Service Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.78% |
- |
0.78% |
6.18% |
0.73% |
1.44% |
Investment Objective |
Underlying Fund Portfolios and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks total return, consisting of current
income and capital appreciation. |
Transamerica Aegon Core Bond VP -
Service Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.75% |
- |
0.75% |
5.78% |
1.06% |
1.60% |
Seeks a high level of current income by
investing in high-yield debt securities. |
Transamerica Aegon High Yield Bond
VP - Service Class
Advised by: Aegon USA Investment
Management, LLC |
0.90% |
- |
0.90% |
10.87% |
4.47% |
4.00% |
Seeks total return gained from the
combination of dividend yield, growth
of dividends and capital appreciation. |
Transamerica Aegon Sustainable Equity
Income VP - Service Class
Sub-Advised by: Aegon Asset
Management UK plc (“AAM”) |
0.98% |
- |
0.98% |
6.00% |
5.44% |
5.13% |
Seeks to provide as high a level of total
return as is consistent with prudent
investment strategies. |
Transamerica Aegon U.S. Government
Securities VP - Service Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.83% |
- |
0.83% |
3.69% |
0.25% |
0.79% |
Seeks to provide total return (including
income and capital gains) consistent
with preservation of capital over the
long term while seeking to manage
volatility and provide downside
protection. |
Transamerica American Funds
Managed Risk VP - Service Class
Sub-Advised by: Milliman Financial
Risk Management LLC |
1.10% |
- |
1.10% |
10.39% |
6.32% |
N/A |
Seeks as high a level of current income
as is consistent with preservation of
capital and liquidity. |
Transamerica BlackRock Government
Money Market VP - Service Class(2)
Sub-Advised by: BlackRock Investment
Management, LLC |
0.54% |
- |
0.54% |
4.66% |
1.58% |
0.87% |
Seeks current income and preservation
of capital. |
Transamerica BlackRock iShares Active
Asset Allocation - Conservative VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.92% |
- |
0.92% |
9.96% |
3.16% |
2.79% |
Seeks capital appreciation and current
income. |
Transamerica BlackRock iShares Active
Asset Allocation - Moderate VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.88% |
- |
0.88% |
13.37% |
3.15% |
2.73% |
Seeks capital appreciation with current
income as a secondary objective. |
Transamerica BlackRock iShares Active
Asset Allocation - Moderate Growth
VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.91% |
- |
0.91% |
17.62% |
2.43% |
2.30% |
Seeks capital appreciation and income. |
Transamerica BlackRock iShares
Dynamic Allocation - Balanced VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.89% |
- |
0.89% |
12.66% |
3.61% |
3.01% |
Seeks capital appreciation and income. |
Transamerica BlackRock iShares
Dynamic Allocation - Moderate
Growth VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.89% |
- |
0.89% |
17.28% |
4.96% |
3.63% |
Investment Objective |
Underlying Fund Portfolios and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks long-term capital appreciation
and capital preservation. |
Transamerica BlackRock iShares Edge
40 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.71% |
- |
0.71% |
9.07% |
4.46% |
3.37% |
Seeks long-term capital appreciation
and capital preservation. |
Transamerica BlackRock iShares Edge
50 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.69% |
- |
0.69% |
9.79% |
5.19% |
N/A |
Seeks long-term capital appreciation
with capital preservation as a secondary
objective. |
Transamerica BlackRock iShares Edge
75 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.73% |
- |
0.73% |
12.09% |
7.36% |
N/A |
Seeks long-term capital appreciation. |
Transamerica BlackRock iShares Edge
100 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.81% |
- |
0.81% |
14.47% |
9.34% |
N.A |
Seeks a combination of capital
appreciation and income. |
Transamerica BlackRock iShares
Tactical - Balanced VP - Service Class (3) Advised by: BlackRock Investment
Management, LLC |
0.89% |
- |
0.89% |
10.66% |
4.27% |
3.59% |
Seeks a combination of capital
appreciation and income. |
Transamerica BlackRock iShares
Tactical - Conservative VP - Service
Class (4)
Sub-Advised by: BlackRock Investment
Management, LLC |
0.92% |
- |
0.92% |
7.24% |
3.61% |
3.40% |
Seeks a combination of capital
appreciation and income. |
Transamerica BlackRock iShares
Tactical - Growth VP - Service Class (5)
Sub-Advised by: BlackRock Investment
Management, LLC |
0.93% |
- |
0.93% |
13.94% |
6.23% |
4.44% |
Seeks to maximize total return. |
Transamerica BlackRock Real Estate
Securities VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
1.15% |
- |
1.15% |
13.15% |
4.85% |
3.59% |
Seeks capital appreciation with current
income as a secondary objective. |
Transamerica BlackRock Tactical
Allocation VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
1.02% |
- |
1.02% |
14.88% |
6.54% |
4.90% |
Seeks long-term capital appreciation
with current income as a secondary
objective. |
Transamerica Goldman Sachs 70/30
Allocation VP - Service Class
Sub-Advised by: Goldman Sachs Asset
Management, L.P. |
2.05% |
- |
2.05% |
16.25% |
N/A |
N/A |
Seeks to balance capital appreciation
and income. |
Transamerica Goldman Sachs Managed
Risk - Balanced ETF VP - Service Class
Sub-Advised by: Goldman Sachs Asset
Management, L.P. |
0.64% |
- |
0.64% |
13.20% |
5.04% |
3.97% |
Seeks current income and preservation
of capital. |
Transamerica Goldman Sachs Managed
Risk - Conservative ETF VP - Service
Class
Sub-Advised by: Goldman Sachs Asset
Management, L.P. |
0.66% |
- |
0.66% |
10.59% |
3.35% |
3.22% |
Investment Objective |
Underlying Fund Portfolios and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks capital appreciation as a primary
objective and income as a secondary
objective. |
Transamerica Goldman Sachs Managed
Risk - Growth ETF VP - Service Class
Sub-Advised by: Goldman Sachs Asset
Management, L.P. |
0.67% |
- |
0.67% |
17.68% |
7.38% |
5.13% |
Seeks long-term capital appreciation. |
Transamerica Great Lakes Advisors
Large Cap Value VP - Service Class (6)
Sub-Advised by: Great Lakes Advisors
LLC |
0.97% |
- |
0.97% |
12.78% |
9.66% |
N/A |
Seeks long-term capital appreciation. |
Transamerica International Focus VP -
Service Class
Sub-Advised by: Epoch Investment
Partners, Inc. |
1.10% |
- |
1.10% |
12.27% |
8.75% |
4.09% |
Seeks long-term capital growth,
consistent with preservation of capital
and balanced by current income. |
Transamerica Janus Balanced VP -
Service Class
Sub-Advised by: Janus Henderson
Investors US LLC |
0.99% |
- |
0.99% |
15.01% |
9.00% |
7.27% |
Seeks long-term capital appreciation. |
Transamerica Janus Mid-Cap Growth
VP - Service Class
Sub-Advised by: Janus Henderson
Investors US LLC |
1.11% |
- |
1.11% |
16.80% |
12.97% |
7.98% |
Seeks current income and preservation
of capital. |
Transamerica JPMorgan Asset
Allocation - Conservative VP –
Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
0.99% |
- |
0.99% |
6.83% |
3.76% |
3.04% |
Seeks current income and preservation
of capital. |
Transamerica JPMorgan Asset
Allocation - Growth VP – Service
Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.11% |
- |
1.11% |
20.00% |
11.61% |
7.40% |
Seeks capital appreciation and current
income. |
Transamerica JPMorgan Asset
Allocation - Moderate VP – Service
Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.02% |
- |
1.02% |
8.86% |
5.31% |
4.13% |
Seeks capital appreciation with current
income as a secondary objective. |
Transamerica JPMorgan Asset
Allocation - Moderate Growth VP –
Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.08% |
- |
1.08% |
11.93% |
7.59% |
5.41% |
Seeks to earn a total return modestly in
excess of the total return performance
of the S&P 500® (including the
reinvestment of dividends) while
maintaining a volatility of return
similar to the S&P 500®. |
Transamerica JPMorgan Enhanced
Index VP – Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
0.87% |
- |
0.87% |
27.39% |
16.10% |
11.67% |
Seeks capital appreciation with current
income as a secondary objective. |
Transamerica JPMorgan International
Moderate Growth VP – Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.14% |
- |
1.14% |
8.70% |
5.68% |
3.33% |
Investment Objective |
Underlying Fund Portfolios and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks current income and preservation
of capital. |
Transamerica JPMorgan Tactical
Allocation VP - Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.02% |
- |
1.02% |
8.57% |
3.90% |
3.44% |
Seeks high total return through the
combination of income and capital
appreciation. |
Transamerica Madison Diversified
Income VP - Service Class
Sub-Advised by: Madison Asset
Management. LLC |
1.08% |
- |
1.08% |
3.97% |
4.51% |
4.38% |
Seeks capital appreciation. |
Transamerica Market Participation
Strategy VP - Service Class
Sub-Advised by: PGIM Quantitative
Solutions LLC |
0.98% |
- |
0.98% |
11.55% |
9.06% |
6.12% |
Seeks high total return. |
Transamerica Morgan Stanley Global
Allocation VP - Service Class
Sub-Advised by: Morgan Stanley
Investment Management Inc. |
1.28% |
- |
1.28% |
13.69% |
7.12% |
4.51% |
Seeks to provide capital appreciation
and income while seeking to manage
volatility. |
Transamerica Morgan Stanley Global
Allocation Managed Risk - Balanced
VP - Service Class
Sub-Advised by: Milliman Financial
Risk Management LLC |
1.45% |
- |
1.45% |
9.00% |
3.64% |
N/A |
Seeks to track the investment results of
an index composed of large- and
mid-capitalization developed market
equities, excluding the U.S. and
Canada. |
Transamerica MSCI EAFE Index VP -
Service Class
Sub-Advised by: SSGA Funds
Management, Inc. |
0.61% |
0.15 |
0.76% |
17.46% |
7.80% |
N/A |
Seeks to provide a high total
investment return through investments
in a broadly diversified portfolio of
stock, bonds and money market
instruments. |
Transamerica Multi-Managed Balanced
VP – Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. and Aegon
USA Investment Management, LLC |
0.89% |
- |
0.89% |
18.44% |
10.16% |
7.75% |
Seeks maximum real return, consistent
with appreciation of capital. |
Transamerica PineBridge Inflation
Opportunities VP - Service Class
Sub-Advised by: PineBridge
Investments LLC |
0.78% |
- |
0.78% |
5.44% |
2.87% |
2.00% |
Seeks to provide investment results
that, before expenses, correspond
generally to the price and yield
performance of the S&P 500® Index. |
Transamerica S&P 500 Index VP -
Service Class
Sub-Advised by: SSGA Funds
Management, Inc. |
0.39% |
0.15% |
0.54% |
25.73% |
15.20% |
N/A |
Seeks to maximize total return. |
Transamerica Small/Mid Cap Value VP
– Service Class Sub-Advised by: Systematic Financial Management L.P. & Thompson, Siegel & Walmsley LLC |
1.07% |
- |
1.07% |
12.15% |
11.19% |
7.88% |
Seeks long-term growth of capital by
investing primarily in common stocks
of small growth companies. |
Transamerica T. Rowe Price Small Cap
VP – Service Class
Sub-Advised by: T. Rowe Price
Associates, Inc. |
1.09% |
- |
1.09% |
20.88% |
11.15% |
8.74% |
Investment Objective |
Underlying Fund Portfolios and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks maximum long-term total return,
consistent with reasonable risk to
principal, by investing in a diversified
portfolio of common stocks of
primarily non-U.S. issuers. |
Transamerica TS&W
International Equity VP – Service
Class
Sub-Advised by: Thompson, Siegel &
Walmsley LLC |
1.11% |
- |
1.11% |
15.26% |
7.39% |
3.59% |
Seeks growth from capital appreciation. |
Transamerica TS&W Mid Cap Value
Opportunities VP–Service Class (7)
Sub-Advised by:Thompson, Siegel & Walmsley LLC |
1.02% |
- |
1.02% |
10.57% |
10.68% |
7.74% |
Seeks to maximize long-term growth. |
Transamerica WMC US Growth VP –
Service Class(8)
Sub-Advised by: Wellington
Management Company, LLP |
0.91% |
- |
0.91% |
41.72% |
17.45% |
13.31% |
To provide long-term capital
appreciation and reasonable current
income. |
Vanguard® VIF Balanced
Portfolio Advised by: Wellington Management Company, LLP |
0.21% |
0.60% |
0.81% |
14.33% |
9.59% |
7.89% |
To provide current income and low to
moderate capital appreciation. |
Vanguard® VIF Conservative
Allocation Portfolio
Advised by: The Vanguard Group, Inc. |
0.13% |
0.60% |
0.73% |
12.51% |
5.60% |
4.84% |
Seeks to track the performance of a
benchmark index that measures the
investment return of mid-capitalization
stocks. |
Vanguard® VIF Mid-Cap Index
Portfolio
Advised by: Vanguard Equity Investment Group |
0.17% |
0.60% |
0.77% |
15.83% |
12.56% |
9.27% |
Seeks to provide capital appreciation
and a low to moderate level of current
income. |
Vanguard® VIF Moderate Allocation
Portfolio
Advised by: The Vanguard Group, Inc. |
0.13% |
0.60% |
0.73% |
15.55% |
7.78% |
6.19% |
|
Return of
Premium
Death
Benefit |
Annual
Step-Up
Death
Benefit |
Select
Investment
Options |
Flexible
Investment
Options |
Subaccounts |
|
|
|
|
AB Balanced Hedged Allocation Portfolio - Class B |
√ |
√ |
|
√ |
AB Relative Value Portfolio - Class B |
√ |
√ |
|
√ |
American Funds - Asset Allocation FundSM Class 4 |
√ |
√ |
|
√ |
American Funds - The Bond Fund of AmericaSM - Class 4 |
√ |
√ |
√ |
|
American Funds - Growth FundSM - Class 4 |
√ |
√ |
|
√ |
American Funds - Growth-Income FundSM - Class 4 |
√ |
√ |
|
√ |
American Funds - International FundSM - Class 4 |
√ |
√ |
|
√ |
American Funds - New World Fund® - Class 4 |
√ |
√ |
|
√ |
DFA VA Global Bond Portfolio - Institutional Class |
√ |
√ |
√ |
|
Fidelity® VIP Balanced Portfolio - Service
Class 2 |
√ |
√ |
|
√ |
Fidelity® VIP Consumer Staples - Initial
Class |
√ |
√ |
|
√ |
Fidelity® VIP Contrafund® Portfolio - Service Class
2 |
√ |
√ |
|
√ |
Fidelity® VIP Energy Portfolio - Service
Class 2 |
√ |
√ |
|
√ |
Fidelity® VIP Health Care Portfolio -
Service Class 2 |
√ |
√ |
|
√ |
Fidelity® VIP Mid Cap Portfolio - Service
Class 2 |
√ |
√ |
|
√ |
Fidelity® VIP Technology Portfolio -
Initial Class |
√ |
√ |
|
√ |
Fidelity® VIP Utilities Portfolio -
Initial Class |
√ |
√ |
|
√ |
Fidelity® VIP Value Strategies Portfolio -
Service Class 2 |
√ |
√ |
|
√ |
State Street Total Return V.I.S. Fund - Class 3 |
√ |
√ |
|
√ |
TA 60/40 Allocation - Service Class |
√ |
√ |
|
√ |
TA Aegon Bond - Service Class |
√ |
√ |
√ |
|
TA Aegon Core Bond - Service Class |
√ |
√ |
√ |
|
TA Aegon High Yield Bond - Service Class |
√ |
√ |
|
√ |
TA Aegon Sustainable Equity Income - Service Class |
√ |
√ |
|
√ |
TA Aegon U.S. Government Securities - Service Class |
√ |
√ |
√ |
|
TA American Funds Managed Risk - Balanced - Service Class
|
√ |
√ |
|
√ |
TA BlackRock Real Estate Securities - Service Class |
√ |
√ |
|
√ |
TA BlackRock Government Money Market - Service Class
|
√ |
√ |
√ |
|
TA BlackRock iShares Active Asset Allocation - Conservative - Service
Class |
√ |
√ |
|
√ |
TA BlackRock iShares Active Asset Allocation - Moderate - Service
Class |
√ |
√ |
|
√ |
TA BlackRock iShares Active Asset Allocation - Moderate Growth -
Service Class |
√ |
√ |
|
√ |
TA BlackRock iShares Dynamic Allocation - Balanced - Service
Class |
√ |
√ |
|
√ |
TA BlackRock iShares Dynamic Allocation - Moderate Growth - Service
Class |
√ |
√ |
|
√ |
TA BlackRock iShares Edge 40- Service Class |
√ |
√ |
|
√ |
TA BlackRock iShares Edge 50 - Service Class |
√ |
√ |
|
√ |
TA BlackRock iShares Edge 75 - Service Class |
√ |
√ |
|
√ |
|
Return of
Premium
Death
Benefit |
Annual
Step-Up
Death
Benefit |
Select
Investment
Options |
Flexible
Investment
Options |
Subaccounts |
|
|
|
|
TA BlackRock iShares Edge 100 - Service Class |
√ |
√ |
|
√ |
TA BlackRock iShares Tactical - Balanced - Service Class
|
√ |
√ |
|
√ |
TA BlackRock iShares Tactical - Conservative - Service
Class |
√ |
√ |
|
√ |
TA BlackRock iShares Tactical - Growth - Service Class
|
√ |
√ |
|
√ |
TA BlackRock Tactical Allocation - Service Class |
√ |
√ |
|
√ |
TA Goldman Sachs 70/30 - Service Class |
√ |
√ |
|
√ |
TA Goldman Sachs Managed Risk - Balanced ETF - Service
Class |
√ |
√ |
|
√ |
TA Goldman Sachs Managed Risk - Conservative ETF - Service
Class |
√ |
√ |
|
√ |
TA Goldman Sachs Managed Risk - Growth ETF - Service
Class |
√ |
√ |
|
√ |
TA Great Lakes Advisors Large Cap Value - Service Class |
√ |
√ |
|
√ |
TA International Focus - Service Class |
√ |
√ |
|
√ |
TA Janus Balanced - Service Class |
√ |
√ |
|
√ |
TA Janus Mid-Cap Growth - Service Class |
√ |
√ |
|
√ |
TA JPMorgan Asset Allocation - Conservative - Service
Class |
√ |
√ |
|
√ |
TA JPMorgan Asset Allocation - Growth - Service Class |
√ |
√ |
|
√ |
TA JPMorgan Asset Allocation - Moderate - Service Class |
√ |
√ |
|
√ |
TA JPMorgan Asset Allocation - Moderate Growth - Service
Class |
√ |
√ |
|
√ |
TA JPMorgan Enhanced Index - Service Class |
√ |
√ |
|
√ |
TA JPMorgan International Moderate Growth - Service Class
|
√ |
√ |
|
√ |
TA JPMorgan Tactical Allocation - Service Class |
√ |
√ |
|
√ |
TA Madison Diversified Income - Service Class |
√ |
√ |
|
√ |
TA Market Participation Strategy - Service Class |
√ |
√ |
|
√ |
TA Morgan Stanley Global Allocation - Service Class
|
√ |
√ |
|
√ |
TA Morgan Stanley Global Allocation Managed Risk - Balanced - Service
Class |
√ |
√ |
|
√ |
TA MSCI EAFE Index - Service Class |
√ |
√ |
|
√ |
TA Multi-Managed Balanced - Service Class |
√ |
√ |
|
√ |
TA PineBridge Inflation Opportunities - Service Class |
√ |
√ |
√ |
|
TA S&P 500 Index - Service Class |
√ |
√ |
|
√ |
TA Small Mid Cap Value - Service Class |
√ |
√ |
|
√ |
TA T. Rowe Price Small Cap - Service Class |
√ |
√ |
|
√ |
TA TS&W International Equity - Service Class
|
√ |
√ |
|
√ |
TA TS&W Mid Cap Value Opportunities - Service Class |
√ |
√ |
|
√ |
TA WMC US Growth - Service Class |
√ |
√ |
|
√ |
Vanguard® VIF Balanced
Portfolio |
√ |
√ |
|
√ |
Vanguard® VIF Conservative Allocation
Portfolio |
√ |
√ |
|
√ |
Vanguard® VIF Mid-Cap Index
Portfolio |
√ |
√ |
|
√ |
Vanguard® VIF Moderate Allocation
Portfolio |
√ |
√ |
|
√ |