Transamerica Life Insurance Company Separate Account VA B (EST. 1/19/1990) Administrative Office 6400 C Street SW Cedar Rapids, Iowa 52499-0001 (800)525-6205 www.transamerica.com |
Transamerica Financial Life Insurance Company
Separate Account VA BNY (EST.
9/27/1994) Administrative
Office 6400 C Street SW
Cedar Rapids, Iowa 52499-0001
(800)525-6205
www.transamerica.com |
glossary of terms___________________ |
1 |
3 | |
Overview of the policy______________ |
7 |
EXAMPLES
_________________________ |
9 |
Policy
____________________________ |
14 |
Business Continuity____________________ |
15 |
15 | |
Information About Us___________________ |
15 |
Financial Condition of the Company__________ |
15 |
The Separate Account___________________ |
16 |
The Underlying Fund Portfolios_____________ |
16 |
Other Transamerica Policies_______________ |
16 |
VOTING RIGHTS______________________ |
17 |
THE ANNUITY policy__________________ |
17 |
PURCHASE___________________________ |
18 |
Policy Issue Requirements_________________ |
18 |
Premium Payments_____________________ |
18 |
Policy
Value_________________________ |
19 |
INVESTMENT OPTIONS_________________ |
19 |
20 | |
Options_________________________ |
21 |
The Fixed Account_____________________ |
21 |
Transfers___________________________
|
22 |
Investment Restrictions__________________ |
23 |
Market Timing and Disruptive Trading_________ |
23 |
EXPENSES____________________________ |
25 |
Transaction Expenses___________________ |
26 |
Surrender Charges_____________________ |
26 |
Access
Rider_________________________ |
26 |
Excess Interest Adjustment________________ |
26 |
Premium Taxes_______________________ |
26 |
Federal, State and Local Taxes______________ |
27 |
Special Service Fees_____________________ |
27 |
Transfer
Fee_________________________ |
27 |
Base Contract Expenses__________________ |
27 |
Mortality and Expense Risk Fees_____________ |
27 |
Administrative Charges__________________ |
27 |
Annual Service Charge___________________ |
27 |
Optional Benefits______________________ |
27 |
27 | |
Reduced Fees and Charges________________ |
27 |
Revenue We Receive____________________ |
28 |
29 | |
Ownership__________________________
|
29 |
Beneficiary__________________________
|
29 |
Assignment_________________________
|
29 |
Termination for Low Value________________ |
30 |
Certain Offers________________________ |
30 |
Exchanges and/or Reinstatements____________ |
30 |
ACCESS TO YOUR MONEY_______________ |
30 |
Surrenders__________________________
|
31 |
Delay of Payment and Transfer______________ |
31 |
Excess Interest Adjustment________________ |
31 |
Signature Guarantee____________________ |
32 |
33 | |
Annuity Payment Options________________ |
33 |
35 | |
DEATH BENEFIT_______________________ |
42 |
When We Pay A Death Benefit_____________ |
43 |
43 | |
43 | |
Owner
Death________________________ |
44 |
Spousal Continuation___________________ |
44 |
Amount of Death Benefit_________________ |
44 |
Guaranteed Minimum Death Benefit__________ |
45 |
Adjusted Partial Withdrawal_______________ |
46 |
Optional Benefit Riders_____________ |
46 |
ADDITIONAL FEATURES________________ |
57 |
Systematic Payout Option________________ |
57 |
Access
Rider_________________________ |
58 |
58 | |
Unemployment Waiver__________________ |
58 |
59 | |
Dollar Cost Averaging Program_____________ |
59 |
Asset Rebalancing_____________________ |
60 |
Loans______________________________ |
60 |
TAX INFORMATION____________________ |
60 |
OTHER INFORMATION_________________ |
69 |
State Variations_______________________ |
69 |
Order___________________________ |
70 |
Regulatory Modifications to Policy___________ |
70 |
71 | |
Mixed and Shared Funding________________ |
71 |
Abandoned or Unclaimed Property___________ |
71 |
Legal Proceedings______________________ |
71 |
Distribution of the Policies________________ |
72 |
| |
UNDER
THE POLICY______________ |
74 |
| |
78 | |
| |
Investment
Options____________ |
80 |
| |
Examples
______________________ |
82 |
| |
Death Benefit____________________ |
85 |
| |
87 | |
| |
88 | |
| |
89 | |
| |
PAM METHOD TRANSFERS____________ |
94 |
| |
EXAMPLES
______________________ |
97 |
| |
Riders
_________________________ |
101 |
| |
105 | |
| |
rider
_________________________ |
107 |
| |
Available
______________________ |
108 |
|
FEES AND EXPENSES |
Location in
Prospectus | ||
Charges for Early
Withdrawal |
If You withdraw money during a specified number of Policy Years
following each premium payment being withdrawn, You may
be assessed a surrender charge. The surrender charge is
assessed for 5 years with a maximum of 5% under
Principium III. The surrender charge is eliminated when
You select the Access Rider under Principium III. For
example, if You make an early withdrawal, You could pay a surrender charge on a $100,000 investment of up to $5,000. |
Annuity Policy Fee
Tables and
Expense
Examples
Transaction Expenses
– Surrender Charge Access to Your Money Surrenders | ||
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. For policies
issued prior to May 1, 2015, the special services fee may be up to
$25. |
Annuity Policy Fee
Tables and
Expense
Examples
Expenses – 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 |
0.85% |
2.85% | ||
Portfolio Company (fund fees and
expenses)2 |
0.39% |
1.28% | ||
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 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
$1,276 |
Highest Annual Cost
$6,180 | |||
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 or 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 Optional
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
|
Sales Load Imposed On Purchase Payments |
0% |
Contingent Deferred Surrender Charge (as a percentage of premium surrendered or withdrawn)(1) |
|
Year 1 |
5% |
Year 2 |
4% |
Year 3 |
3% |
Year 4 |
2% |
Year 5 |
1% |
Year 6 (or more) |
0% |
Transfer
Fee(2) |
$10 |
Special Service
Fee(3) |
$50* |
Annual Service Charge(4)
|
$0-$50 |
Base Contract Expenses (as a percentage, annually,
of average Separate Account Value)(5): |
0.85% |
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) |
0.35% |
Optional Death Benefit Riders
– No Longer
Available |
|
Additional Death
DistributionSM (annual
charge based on Policy Value) |
0.25% |
Additional Death
Distribution+SM (annual
charge based on Policy Value) |
0.55% |
|
Maximum |
Optional Guaranteed Lifetime Withdrawal Benefit Riders – No Longer Available(6) |
|
Retirement Income Max® rider (annual charge - % of Withdrawal Base)* (for riders issued on or after May 1, 2017) |
2.50% |
Retirement Income Choice® 1.6 rider (annual charge - % of Withdrawal Base) (for riders issued on or after May 1, 2017) |
|
Base Benefit Designated Allocation Group A* |
2.50% |
Base Benefit Designated Allocation Group B* |
2.50% |
Base Benefit Designated Allocation Group C* |
2.50% |
Additional Benefits available with Retirement Income Choice® 1.6 rider: (for riders issued on or after May 1, 2017) |
|
Death Benefit - (Single Life Option) (annual charge - % of Withdrawal Base)* |
0.55% |
Death Benefit - (Joint Life Option) (annual charge - % of Withdrawal Base)* |
0.50% |
|
Maximum |
Income EnhancementSM - (Single Life Option - Not available in NY) (annual charge - % of Withdrawal Base)* |
0.45% |
Income EnhancementSM - (Joint Life Option - Not available in NY) (annual charge - % of Withdrawal Base)* |
0.65% |
Transamerica Income EdgeSM rider (annual charge - % of Withdrawal Base)* (for riders issued on or after May 1, 2017) |
2.50% |
|
Maximum |
Current |
Optional Guaranteed Lifetime Withdrawal Benefit Riders – No Longer
Available |
| |
Guaranteed Principal
SolutionSM rider (also
known as Living Benefits Rider) (annual charge - % of Principal Back Total
Withdrawal Base) |
1.25% |
1.25% |
Retirement Income Max® rider (annual charge - % of Withdrawal Base)* (for riders issued May 1, 2014 to April 30, 2017) |
2.00% |
1.25% |
Retirement Income Choice® 1.6 rider (annual charge - % of Withdrawal Base) (for riders issued May 1, 2014 to April 30, 2017) |
|
|
Base Benefit Designated Allocation Group A |
2.20% |
1.45% |
Base Benefit Designated Allocation Group B |
1.85% |
1.10% |
Base Benefit Designated Allocation Group C |
1.45% |
0.70% |
Additional Benefits available with Retirement Income Choice® 1.6 rider: (for riders issued May 1, 2014 to April 30, 2017) |
|
|
Death Benefit - (Single Life Option) |
0.40% |
0.40% |
Death Benefit - (Joint Life Option) |
0.35% |
0.35% |
Income EnhancementSM - (Single Life Option - Not available in NY) |
0.30% |
0.30% |
Income EnhancementSM - (Joint Life Option - Not available in NY) |
0.50% |
0.50% |
Transamerica Income EdgeSM rider (annual charge - % of Withdrawal Base)* (for riders issued prior to May 1, 2017) |
2.15% |
1.40% |
|
Maximum |
Current |
Optional Guaranteed Lifetime Withdrawal Benefit Riders – No Longer
Available |
| |
Guaranteed Principal
SolutionSM rider (also
known as Living Benefits Rider) (annual charge - % of Principal Back Total
Withdrawal Base) |
1.25% |
1.25% |
Retirement Income Choice® 1.6 rider (annual charge - % of Withdrawal Base) (for riders issued prior to May 1, 2014) |
|
|
Base Benefit Designated Allocation Group A |
2.30% |
1.55% |
Base Benefit Designated Allocation Group B |
1.85% |
1.10% |
Base Benefit Designated Allocation Group C |
1.45% |
0.70% |
Additional Benefits available with Retirement Income Choice® 1.6 rider: (for riders issued prior to May 1, 2014) |
|
|
Death Benefit - (Single Life Option) |
0.40% |
0.40% |
Death Benefit - (Joint Life Option) |
0.35% |
0.35% |
Income EnhancementSM - (Single Life Option - Not available in NY) |
0.30% |
0.30% |
Income EnhancementSM - (Joint Life Option - Not available in NY) |
0.50% |
0.50% |
Income LinkSM rider (annual charge - % of Withdrawal Base) |
2.00% |
1.25% |
Criteria for Potential Waiver |
Potential Waiver Amount** |
$50,000 thru $249,999.99* |
up to $35 |
$250,000 or more* |
up to $50 |
Annual Portfolio Company Expenses |
Minimum |
Maximum |
Expenses that are deducted from Portfolio Company assets, including management fees, distribution and/or service 12b-1 fees, and other expenses |
0.39% |
1.28% |
Expenses that are deducted from Portfolio Company asset, including management fees, 12b-1 fees, and other expenses, after any waivers or expense reimbursement |
0.39% |
1.19% |
|
without Access Rider |
with Access Rider |
1 Year |
$11,172 |
$7,013 |
3 Years |
$23,099 |
$21,367 |
5 Years |
$35,554 |
$36,171 |
10 Years |
$72,730 |
$75,230 |
|
without Access Rider |
with Access Rider |
1 Year |
$6,672 |
$7,013 |
3 Years |
$20,399 |
$21,367 |
5 Years |
$34,654 |
$36,171 |
10 Years |
$72,730 |
$75,230 |
Incoming Payments to Us and/or TCI | |
Underlying Fund Portfolio |
Maximum Fee % of assets |
TRANSAMERICA SERIES TRUST (“TST”) |
0.25% |
AB VARIABLE PRODUCTS SERIES FUND, INC. |
0.45% |
STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC. |
0.45% |
S* (G-C)* (M/12) | ||
S |
= |
Is the amount (before surrender charges, premium taxes and the application of any
Guaranteed Minimum Death Benefits, if any) being surrendered, withdrawn,
transferred, paid upon death, or applied to an income option
that is subject to the Excess Interest Adjustment;
|
G |
= |
Is the guaranteed interest rate for the guaranteed period applicable to “S”; |
C |
= |
Is the current guaranteed interest rate then being offered on new premium payments
for the next longer option period than “M”. If this Policy form or such an option
period is no longer offered, “C” will be the U.S. Treasury rate for the next longer
maturity (in whole years) than “M” on the 25th day of the previous calendar month,
|
M |
= |
Number of months remaining in the current option period for
“S”, rounded up to
the next higher whole number of months; and |
* |
= |
Multiplication |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Access Rider |
This rider eliminates any
surrender charges during the
accumulation phase. |
Optional |
Equal to 0.35%
annually of the
Separate Account
Value |
●Available only at purchase. ●This does not eliminate any
Excess Interest Adjustment or
modify other provisions.
●The rider is irrevocable. ●May not be available in all
states. |
“Base Policy” Death Benefit |
Pays base death benefit
generally 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 purchase. ●Cannot change death benefit
once elected.
●Death benefit terminates without value upon Annuitization. ●May not be available in all
states. |
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 of
average Separate
Account Value |
●Available only at purchase.
●Cannot change death benefit once elected. ●Not available if You or
Annuitant is 86 or older on
Policy Date.
●Must allocate 100% of Policy Value to designated Investment Options. ●Withdrawals can significantly
reduce benefit value or
terminate benefit.
●Terminates upon Annuitization. ●May not be available in all
states. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Annual Step-Up Death
Benefit |
Pays death benefit equal to
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% annually of
average Separate
Account Value |
●Available only at purchase. ●Cannot change death benefit
once elected.
●Not available if You or Annuitant is 76 or older on Policy Date. ●Must allocate 100% of Policy
Value to designated
Investment Options.
●Withdrawals can significantly reduce benefit value or terminate benefit. ●”Step-Up” ends on Policy
Anniversary prior to Your
81st birthday.
●Terminates upon Annuitization. ●May not be available in all
states. |
Additional Death
DistributionSM |
Pays an additional death benefit
amount based on any rider
earnings, since the rider was
issued. |
Optional |
0.25% annually of
the Policy Value |
●This rider is no longer
available.
●Was available for issue ages through 75 and younger. ●Was not available to Inherited
IRAs.
●Was available only with Return of Premium Death Benefit or Annual Step-Up Death Benefit and subject to same Investment Restrictions. ●Additional benefit amount
varies by issue age.
●Terminates upon Annuitization. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Additional Death
Distribution+SM |
Pays an additional death benefit
amount that varies depending
on time elapsed since rider date. |
Optional |
0.55% annually of
the Policy Value |
●This rider is no longer available. ●Was available only for issue
ages 69 and younger.
●Was not available to Inherited IRAs. ●Was available only with the
Return of Premium Death
Benefit or Annual Step-Up
Death Benefit, and subject to
the same Investment
Restrictions.
●Additional benefit amount during first five years after rider date equal to sum of all rider fees paid since rider date, after five years, benefit equal to percentage of rider benefit base. ●Terminates upon
Annuitization. |
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.
●May not be available in all states. |
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 |
●Qualifying conditions related
to job termination and job
history.
●Must be unemployed for a certain period of time prior to taking withdrawal, be receiving unemployment benefits, and have $5,000 minimum in Cash Value. ●May not be available in all
states. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Dollar Cost Averaging
Program |
Allows you to automatically
make transfers into one or more
Subaccounts. |
Standard |
No charge |
●Traditional – A minimum of $500 per transfer is required. ●Minimum and maximum
number of transfers.
●Special – Limited to six month or twelve-month transfer program and only available for new premium payments. ●May not be available in all
states. |
Asset Rebalancing |
Automatically rebalances the
amounts in Your Subaccounts
to maintain Your desired asset
allocation percentages. |
Standard |
No charge |
●Does not include any amounts allocated to the Fixed Account. |
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 |
Guaranteed Principal
SolutionSM
Rider |
Provides combination
Guaranteed Minimum
Accumulation Benefit and Guaranteed Lifetime Withdrawal Benefit. |
Optional |
1.25% annually of
principal back total
withdrawal base |
●This rider is no longer
available.
●Could not be added to a Policy with another active Guaranteed Minimum Living Benefit or Guaranteed Minimum Income Benefit Rider, or with Inherited IRA policies. ●Was available for Annuitant
issue ages 0-80.
●Benefit subject to Investment Restrictions including Portfolio Allocation Method (“PAM”). ●Guaranteed minimum
accumulation portion of
benefit applies only if rider is
held for at least 10 years.
●Maximum annual withdrawal amount under guaranteed minimum withdrawal benefit portion equal to specified percentage of total withdrawal base. ●Withdrawals could
significantly reduce or
terminate benefit.
●Benefit terminates upon Annuitization. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Retirement Income
Max® Rider
|
Provides Guaranteed Lifetime
Withdrawal Benefit amount,
which can be withdrawn in any
rider year after age 59. |
Optional |
2.50% annually of
the Withdrawal Base
(riders issued on or
after May 1, 2017) |
●This rider is no longer
available.
●Could not be added to a Policy with another active Guaranteed Minimum Living Benefit or Guaranteed Minimum Income Benefit Rider, or with Inherited IRA policies. ●Was available for
Owner/Annuitant issue ages
of 0-85.
●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
withdrawal base.
●Policy Value must be allocated to designated Investment Options. ●Excess withdrawals may
significantly reduce or
terminated the benefit.
●Terminates upon Annuitization. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Retirement Income
Choice 1.6 Rider |
Provides Guaranteed Lifetime
Withdrawal Benefit amount,
which can be withdrawn in any
rider year after age 59. Also
provides death protection
and/or long-term care benefit
for an additional fee. |
Optional |
2.50% annually of
the Withdrawal Base
(riders issued on or
after May 1, 2017)
Death Benefit Rider
to base benefit:
0.55% annually
(Single Life) or
0.50% annually
(Joint Life), of
Withdrawal Base
Income
Enhancement
Option: 0.45%
annually (Single Life)
or 0.65% annually
(Joint Life) of
Withdrawal Base
If qualifications are
met, the Income
Enhancement
Option increases the
income benefit by
50% |
●This rider is no longer
available.
●Could not be added to a Policy with another active Guaranteed Minimum Living Benefit or Guaranteed Minimum Income Benefit Rider, or with Inherited IRA policies. ●Was available for
Owner/Annuitant issue ages
of 0-85.
●Joint Life options available subject to certain restrictions and differences, including right to charge higher fee and provide lower annual withdrawal amounts. ●Beginning on the 5th rider
anniversary rider fees subject
to increase (or decrease) at
time of any automatic
step-up.
●Policy Value must be allocated to designated Investment Options. ●Excess withdrawals could
significantly reduce or
terminate the benefits.
●The Income Enhancement Option subject to qualifying conditions, including conditions related to the hospital and/or nursing home stay. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Transamerica Income
EdgeSM
Rider |
Provides Guaranteed Lifetime
Withdrawal Benefit amount,
which can be withdrawn in any
rider year after age 59. |
Optional |
2.50% annually of
Withdrawal Base
(riders issued after
May 1, 2017) |
●This rider is no longer available. ●Could not be added to a
Policy with another active
Guaranteed Minimum Living
Benefit or Guaranteed
Minimum Income Benefit
Rider, or with Inherited IRA
policies.
●Was available for Owner/Annuitant issue ages of 0-85. ●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. ●Policy Value must be
allocated to designated
Investment Options.
●Excess withdrawals could significantly reduce or terminate the benefits. |
Transamerica Income
LinkSM
Rider |
Guaranteed Lifetime
Withdrawal Benefit using
higher withdrawal percentage
for a defined period of time and
then resets to a lower
percentage and an opportunity
for increases in the rider
withdrawal amount. |
Optional
(No longer
offered) |
2.00% annually of
Withdrawal Base |
●This rider is no longer
available.
●Must allocate 100% of Policy Value to designated Investment Options. ●Cannot be elected with
another GLWB or a GMIB.
●A non-Income LinkSM rider withdrawal (not an RMD) decreases the withdrawal base, impact of withdrawal may be greater than dollar for dollar. |
Abbreviation |
Definition |
ADB |
Additional Death Benefit |
ADD |
Additional Death Distribution |
ADD+ |
Additional Death Distribution Plus |
DB |
Death Benefit |
DCA |
Dollar Cost Averaging |
GFV |
Guaranteed Future Value |
GMAB |
Guaranteed Minimum Accumulation Benefit |
GMDB |
Guaranteed Minimum Death Benefit |
GMIB |
Guaranteed Minimum Income Benefit |
GMLB |
Guaranteed Minimum Living Benefit |
GMWB |
Guaranteed Minimum Withdrawal Benefit |
GLWB |
Guaranteed Living Withdrawal Benefit |
GPO |
Guaranteed Period Option |
GPS |
Guaranteed Principal SolutionSM
|
IE |
Income EnhancementSM
|
ILSD |
Income Link Start Date |
ILSW |
Income Link Systematic Withdrawal |
Abbreviation |
Definition |
ILWY |
Income Link Withdrawal Year |
ISFL |
Income SelectSM For Life |
MAV |
Minimum Annuitization Value |
MAWA |
Maximum Annual Withdrawal Amount |
MIB |
Minimum Income Base |
MRWA |
Minimum Remaining Withdrawal Amount |
N/A |
Not Applicable |
PAM |
Portfolio Allocation Method |
RDB |
Rider Death Benefit |
RIC |
Retirement Income
Choice® |
RMD |
Required Minimum Distribution |
RWA |
Rider Withdrawal Amount |
SPO |
Systematic Pay Out |
TWB |
Total Withdrawal Base |
WB |
Withdrawal Base |
WD |
Withdrawal |
Rider Name |
Income LinkSM3 |
Additional Death Distribution 2003 |
Additional Death Distribution+ |
Rider Form Number1 |
RGMB 39 0110
RGMB 39 0110 (NY) |
RTP 18 0103
ICC12 RTP 170513 |
RTP 17 0103
ICC12 RTP 180513 |
Purpose of Rider |
This is a GLWB rider that provides for
non-level stream of payments. ●Withdrawal percentages in the early years are higher than the withdrawal percentages in the later years. ●When selecting this benefit you will have 6 separate single life and joint life withdrawal options to choose from. |
This is an Additional Death Benefit
Rider which can pay an additional
benefit at time of death to help alleviate
the burden of taxes. |
This is an Additional Death Benefit
Rider which can pay an additional
benefit at time of death to help alleviate
the burden of taxes. |
Availability |
●Issue age 55-80, but not yet 81 years old (unless state law requires a lower maximum issue age). ●Single Annuitant ONLY. Annuitant must be an Owner (unless Owner is a non-natural person) ●Maximum of 2 living Joint Owners (with one being the Annuitant) ●Cannot be added to a Policy with other active GMLB riders. ●Not available on qualified annuity which has been continued by surviving spouse or beneficiary as a new Owner. |
●Issue age 0-75 but not yet 76 years old (Policy application signed on or after May 1, 2020). ●Issue age 0-80 but not yet 81 years old (policy application signed prior to May 1, 2020). ●Not available in all states. |
●Issue age 0-69 but not yet 70 years old (Policy application signed on or after May 1, 2020). ●Issue age 0-75 but not yet 76 years old (Policy application signed prior to May 1, 2020). ●Not available in all states. |
Base Benefit and Optional Fees at
issue |
Percentage of WB - 0.90% for Single
and Joint Life Riders (prior to 11/3/2013) |
Percentage of Policy Value – 0.25% |
Percentage of Policy Value – 0.55% |
Fee Frequency |
●The fee is calculated at issue and each subsequent calendar rider quarter for the upcoming quarter based on the values and WB at that point in time and stored. ●Deducted at each rider quarterversary in arrears during the accumulation phase. ●The fee is adjusted for new deposits that increase the WB and decreased for withdrawals that are not ILSW or RMD systematic withdrawals. ●The rider fee adjustment may be positive or negative and will be added to or subtracted from the rider fee to be allocated. ●A pro-rated fee is assessed at the time of rider termination or full surrender. |
Assessed each rider anniversary and at
rider termination and equal to the
Policy Value multiplied by rider fee
percentage. |
Assessed each rider anniversary and at
rider termination and equal to the
Policy Value multiplied by rider fee
percentage. |
Death Benefit |
N/A |
Amount is paid whenever a death
benefit is paid and the rider is attached. ●Amount paid=ADB Factor x Rider Earnings* |
Amount is paid whenever a death benefit is paid and the rider is attached. ●Prior to 5th rider anniversary = Sum of all fees paid for this rider since the rider date. |
Rider Name |
Income LinkSM3 |
Additional Death Distribution 2003 |
Additional Death Distribution+ |
Rider Form Number1 |
RGMB 39 0110
RGMB 39 0110 (NY) |
RTP 18 0103
ICC12 RTP 170513 |
RTP 17 0103
ICC12 RTP 180513 |
|
|
●ADB Factor - 40% for issue ages 0-70 and 25% for issue ages 71-80 (when application signed date is prior to May 1, 2020). ●ADB Factor - 40% for issue ages 0-70 and 25% for issue ages 71-75 (when application signed date is after May 1, 2020). *Rider earnings are defined as: - the Policy Value on the date the death benefit is determined; minus -Policy Value on the rider date; minus - premium payments after the rider date; plus - surrenders after the rider date that exceed the rider earnings on the date of the surrender. NOTE: No benefit is payable under the ADD rider if there are no rider earnings on the date the death benefit is calculated. |
●On or after 5th rider anniversary = Rider Benefit Base* x Rider Benefit Percentage**. **The rider benefit percentage = 30% for issue ages 0-70 and 20% for issue ages 71-75 (when application signed date is prior to May 1, 2020). **The rider benefit percentage = 30% for issue ages 0-69 (when application signed date is after May 1, 2020). *The Rider Benefit Base at any time is equal to the Policy Value less any premiums added after the Rider Date NOTE: No benefit is payable under the ADD+ rider if the Policy Value on the date the death benefit is paid is less than the premium payments after the rider date. |
Designated Investment Options
Available - Policyholder who add these riders may only invest in the Investment Options listed. Requiring that you designate 100% of your Policy Value to the designated Investment Options, some of which employ strategies that are intended to reduce the risk of loss and/or manage volatility, may reduce investment returns and may reduce the likelihood that we will be required to use our own assets to pay amounts due under this benefit. PLEASE NOTE: These Investment
Options may not be available on all
products, may vary for certain policies
and may not be available for all
policies. Please reference “Portfolio
Companies Available Under the Policy”
Appendix in your prospectus for
available Portfolio Companies. You
cannot transfer any amount to any
other non-designated Subaccount
without losing all your benefits under
this rider. |
TA Aegon Bond
TA Aegon U.S. Government Securities
TA BlackRock Government Money
Market
TA BlackRock iShares Active Asset
Allocation - Conservative
TA Goldman Sachs Managed Risk –
Conservative ETF
Fixed Account |
N/A |
N/A |
Allocation Methods |
N/A |
N/A |
N/A |
Withdrawal Benefits - See “Adjusted
Partial Withdrawals - Income Link”
appendix for examples showing the
effect of withdrawals on the WB. |
Withdrawal Option Election Date - This is the date the withdrawal option is selected by the Policy Owner. ILSD - This is the date the Policy
Owner elects to begin receiving
payments.
ILWY - This is each 12 month period beginning on the ILSD and establishes the time period for withdrawing your RWA and is reset at the beginning of each withdrawal year. ILSW - There are 4 SPO options
specific to this rider. Any withdrawal
that is not an ILSW will be considered
an excess withdrawal.
The withdrawal percentage is used to |
N/A |
N/A |
Rider Name |
Income LinkSM3 |
Additional Death Distribution 2003 |
Additional Death Distribution+ |
Rider Form Number1 |
RGMB 39 0110
RGMB 39 0110 (NY) |
RTP 18 0103
ICC12 RTP 170513 |
RTP 17 0103
ICC12 RTP 180513 |
|
calculate the RWA and is determined
by electing a withdrawal option, which
is not required to elect at the time of
issue. Once selected, the ILSWs are not
required to begin immediately. Your
withdrawal option is not locked in
until the ILSD and the percentage is
not recalculated at the time of an
automatic step-up. Withdrawal options
are as listed below:
Single Life
5% for 7 years and 4% thereafter
6% for 6 years and 4% thereafter
7% for 5 years and 4% thereafter
8% for 4 years and 4% thereafter
9% for 3 years and 4% thereafter
10% for 2 years and 4% thereafter
Joint Life
4.5% for 7 years and 3.5% thereafter
5.5% for 6 years and 3.5% thereafter
6.5% for 5 years and 3.5% thereafter
7.5% for 4 years and 3.5% thereafter
8.5% for 3 years and 3.5% thereafter
9.5% for 2 years and 3.5% thereafter
On each ILSD and the beginning of
each ILWY thereafter, the RWA is equal
to the withdrawal option percentage
multiplied by the withdrawal base. |
|
|
Automatic Step-Up Benefit |
On each rider anniversary, the WB will
be set to the greatest of:
1)The current WB: 2)The Policy Value on the rider
anniversary; or
3)The highest Policy Value on a rider monthiversarySM for the current rider year* * Item 3) is set to zero if there have been any withdrawals that are not ILSW or RMD systematic withdrawals in the current rider year. The highest monthly value is the largest Policy Value on each rider monthiversary during the rider year. A step-up will occur if the largest value is either 2) or 3) above. A step-up will allow the company to change the rider fee percentage. ●Owner will have a 30 day window after the rider anniversary to reject an automatic step-up if we increase the rider fee.—Must be in writing. ●If an Owner rejects an automatic step-up, they retain the right to all future automatic step-ups. |
N/A |
N/A |
Exercising Rider |
Exercising Base Benefit: The policyholder is guaranteed to be able to withdraw up to the RWA each withdrawal year even if the Policy Value is zero at the time of withdrawal. The rider benefits cease when the Annuitant2 has died. |
No further action required to exercise
the rider. |
No further action required to exercise
the rider. |
Income Benefit or Other Benefit
Payout Considerations |
Systematic Withdrawal Options:
1.72t/72q SPO - This allows fixed
level payments that will not change
for 5 years and payments will not |
N/A |
N/A |
Rider Name |
Income LinkSM3 |
Additional Death Distribution 2003 |
Additional Death Distribution+ |
Rider Form Number1 |
RGMB 39 0110
RGMB 39 0110 (NY) |
RTP 18 0103
ICC12 RTP 170513 |
RTP 17 0103
ICC12 RTP 180513 |
|
exceed RWA. Only 5, 6 and 7 year
options available.
2.RMD Only SPO - This allows a
modal amount equal to the annual
RMD requirement for the current
calendar year less all withdrawals
taken in current calendar year
divided by the number of payments
remaining in the calendar year. Will
not reduce RWA and is only
available prior to ILSD.
3.RWA SPO no RMD kick out -
Allows modal payments of the
remaining RWA divided by the
number of payments remaining in
the current withdrawal year.
Payments will be adjusted for any
step-ups, premium additions or
excess withdrawals and will reduce
the RWA with each payment.
4.RWA SPO with RMD kick out -
This allows for payments equal to
#3 above with an additional
payment to satisfy the RMD paid
on December 27th each calendar
year. Modal payments are not
affected by this RMD payment. |
|
|
Rider Upgrade |
N/A |
N/A |
N/A |
Rider Termination |
●The rider will be terminated upon Policy surrender, Annuitization or Annuitant2 death. ●The date the policy to which this
rider is attached is assigned or if the
Owner is changed without our
approval. ●Termination allowed at any time after the 5th rider anniversary. ●The rider will be terminated the date we receive Written Notice from you requesting termination. ●After termination, there is no wait period to re-add the rider, assuming the rider is still available. |
The rider can be added or dropped at
any time. If the rider is dropped and
re-added, the rider will only cover
earnings accumulated since the rider
was re-added.
The rider will remain in effect until: ●You cancel it by notifying our Administrative Office in writing, ●the Policy is Annuitized or surrendered, ●or the additional death benefit is paid. |
The rider can be added or dropped at any time. If the rider is terminated they must wait one year to re-add rider. The rider will remain in effect until: ●You cancel it by notifying our Administrative Office in writing, ●the Policy is Annuitized or surrendered, ●or the additional death benefit is
paid. |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
Purpose of Rider |
This is a Living Benefit Rider
and should be viewed as a way
to permit You to invest in
variable Investment Options
while still having Your Policy
Value and liquidity protected
to the extent provided by this
rider.
This rider is a combination of
two separate annuity
guarantees:
1)A GMWB and 2)A GMAB (a.k.a. principal |
This is a GLWB rider that
guarantees withdrawals for the
Annuitant's2 lifetime,
regardless of Policy Value. ●The policyholder can withdraw the RWA each rider year until the death of the Annuitant.2
●This benefit is intended to
provide a level of payments
regardless of the
performance of the |
This is a GLWB rider that
guarantees withdrawals for the
Annuitant's2 lifetime,
regardless of Policy Value. ●The policyholder can withdraw the RWA each rider year until the death of the Annuitant.2
●This benefit is intended to
provide a level of payments
regardless of the
performance of the |
This is a GLWB rider that guarantees withdrawals for the Annuitant's2 lifetime, regardless of Policy Value. ●The policyholder can withdraw the RWA each rider year until the death of the Annuitant.2
●This benefit is intended to
provide a level of payments
regardless of the
performance of the |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
|
protection benefit or
guarantee future value
benefit).
The rider will guarantee that
the Policy Value of the Policy
will be at least as high as the
GFV after a waiting period has
expired. |
designated variable
Investment Options You
select. |
designated variable
Investment Options You
select. |
designated variable
Investment Options You
select. |
Availability |
●Issue age 0-80, but not yet 81 years old (unless state law requires a lower maximum issue age). ●Cannot be added to a Policy with other active GMLB riders. ●Not available on qualified
annuity which has been
continued by surviving
spouse or beneficiary as a
new Owner. |
●Issue age 0-85, but not yet 86 years old (unless state law requires a lower maximum issue age). ●Single Annuitant ONLY. Annuitant must be an Owner (unless Owner is a non-natural person). ●Maximum of 2 living Joint Owners (with one being the Annuitant). ●Cannot be added to a Policy with other active GMLB riders. ●Not available on qualified
annuity which has been
continued by surviving
spouse or beneficiary as a
new Owner. |
●Issue age 0-85, but not yet 86 years old (unless state law requires a lower maximum issue age). ●Single Annuitant ONLY. Annuitant must be an Owner (unless Owner is a non-natural person). ●Maximum of 2 living Joint Owners (with one being the Annuitant). ●Cannot be added to a Policy with other active GMLB riders. ●Not available on qualified
annuity which has been
continued by surviving
spouse or beneficiary as a
new Owner. |
●Issue age 0-85, but not yet 86 years old (unless state law requires a lower maximum issue age). ●Single Annuitant ONLY. Annuitant must be an Owner (unless Owner is a non-natural person). ●Maximum of 2 living Joint Owners (with one being the Annuitant). ●Cannot be added to a Policy with other active GMLB riders. ●Not available on qualified
annuity which has been
continued by surviving
spouse or beneficiary as a
new Owner. |
Base Benefit and Optional
Fees at issue |
Percentage of “Principal Back”
TWB:
For riders issued after
11/13/131.25% For riders issued between 5/1/09 and 11/3/130.90%
For riders issued prior to
5/1/090.60% |
Rider Fees: Single Life1.50%
Joint Life1.60% For riders issued prior to the date of this prospectus, please reference the “Appendix – Prior Withdrawal/Growth Percentages and Rider Fees” in the Statement of Additional Information. |
Fee based on designated
allocation groups and the
optional benefits selected. If
You elect a combination of
designated allocations from
among the various groups
below, then Your fee will be
based on a weighted average of
Your choices.
Rider Fees: Single Life Group A1.85%
Group B1.40% Group C0.95%
DB0.40% IE0.30%
Joint Life
Group A1.95% Group B1.50%
Group C1.05% DB0.35%
IE0.50% For riders issued prior to the date of this prospectus, please reference the “Appendix – Prior Withdrawal/Growth Percentages and Rider Fees” in the Statement of Additional Information. |
We use the withdrawal base to calculate the rider withdrawal amount and the rider fee. The withdrawal base on the rider date is the Policy Value. Rider Fees:
Single Life1.45% Joint Life1.55%
For riders issued prior to the
date of this prospectus, please
reference the “Appendix –
Prior Allocation/Withdrawal
Percentages and Rider Fees” in
the Statement of Additional
Information. |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
Fee Frequency |
●Fee is deducted annually during the accumulation phase on each rider anniversary. ●A pro-rated fee is deducted at the time the rider is terminated or upgraded. |
●The fee is calculated at issue and each subsequent rider quarter for the upcoming quarter based on the fund values and WB at that point in time and stored. ●Deducted at each rider quarterversary in arrears during the accumulation phase. ●The fee is calculated on a
quarterly basis. ●A rider fee adjustment will be applied for subsequent premium payments and withdrawals that change the withdrawal base. ●The base rider fee adjustment will be calculated using the same formula as the base rider fee. ●The rider fee adjustment may be positive or negative and will be added to or subtracted from the rider fee to be allocated. ●A pro-rated fee is deducted at the time the rider is terminated or upgraded. |
●The fee is calculated at issue and each subsequent rider quarter for the upcoming quarter based on the fund values and WB at that point in time and stored. ●Deducted at each rider quarterversary in arrears during the accumulation phase. ●The fee is calculated on a
quarterly basis and varies
depending on the allocation
option You have chosen. ●A rider fee adjustment will be applied for transfers between allocation groups and for subsequent premium payments and withdrawals that change the withdrawal base. ●The base rider fee adjustment will be calculated using the same formula as the base rider fee. ●The rider fee adjustment may be positive or negative and will be added to or subtracted from the rider fee to be allocated. ●A pro-rated fee is deducted at the time the rider is terminated or upgraded. |
●The fee is calculated at issue and each subsequent rider quarter for the upcoming quarter ●Deducted at each rider
quarter and will be deducted
automatically from the
flexible Investment Options
and the select Investment
Options on a pro-rata basis
at the end of each rider
quarter. ●Once select and flexible Investment Options have been depleted, fees can be deducted out of the stable account, except for riders in New York. ●The fee is calculated and
stored at issue and at each
subsequent rider quarter for
the upcoming quarter. ●A rider fee adjustment will be applied for any premium additions and excess withdrawals that change the withdrawal base. ●The rider fee adjustment may be positive or negative and will be added to or subtracted from the rider fee to be collected. ●A pro-rated fee is deducted at the time the rider is terminated. |
Death Benefit |
N/A |
N/A |
N/A |
N/A |
Designated Investment
Options Available -
Policyholders who add these
riders may only invest in the
Investment Options listed.
Investment Options may not
be available as a designated
fund based on rider issue date.
Requiring that You designate
100% of Your Policy Value to
the designated Investment
Options, some of which
employ strategies that are
intended to reduce the risk of
loss and/or manage volatility,
may reduce investment returns
and may reduce the likelihood
that we will be required to use
our own assets to pay amounts
due under this benefit.
PLEASE NOTE: These Investment Options may not be available on all products, may vary for certain policies and may not be available for all policies. Please reference Portfolios Companies Available |
All funds within the product
are considered designated
Investment Options for this
purpose. You must, however,
adhere to the Portfolio
Allocation Method. See below. |
For a list of designated funds
for this rider, please reference
the Appendix - Designated Investment Options. |
For a list of designated funds
for this rider, please reference
the Appendix - Designated Investment Options. |
For a list of Select and Flexible Investment Options, please reference the Appendix -
Transamerica Income EdgeSM Investment Options. |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
Under the Policy Appendix in
Your prospectus for available
Portfolio Companies. You
cannot transfer any amount to
any other non-designated
subaccount without losing all
Your benefits under this rider. |
|
|
|
|
Allocation Methods |
Portfolio Allocation Method
(PAM): ●This program will
automatically allocate assets
from the policyholder's
Subaccount to a Subaccount
of our choosing when the
Policy Value has dropped
relative to the guaranteed
amount. ●If the Policy Value increases enough in relation to the guaranteed amounts, the money may be moved back into the Subaccounts (pro-rata based on the policyholder's current Subaccount values). ●The allocation of assets between the accounts is at our sole discretion but will initially use modern financial theory to determine the correct allocation. ●The policyholder may not allocate premium payments to, nor transfer Policy Value into or out of, the PAM Investment Options. Current PAM Subaccount:
TA Aegon U.S. Government
Securities |
N/A |
N/A |
Required Allocations: A certain percentage of Your Policy Value on the rider date must be allocated to the Stable Account, the select and the flexible Investment Options as specified in the applicable Rate Sheet Prospectus Supplement. Stable Account ●This is a Fixed Account option. ●Allocations applied to the
Stable Account will be
credited interest based on a
fixed rate. ●Withdrawals from the Stable Account are not permitted until all other Investment Options are depleted of value. Flexible and Select Options ●You must allocate certain percentages of Your premium payments and Policy Value to these Investment Options. ●Withdrawals from the flexible and select Investment Options will be deducted on a pro-rated basis from each Investment Option that You have allocated to. ●If You do not wish to maintain the required allocation percentages the rider must be terminated. For riders issued prior to the date of this prospectus, please reference the “Appendix – Prior
Allocation/Withdrawal
Percentages and Rider Fees”
in the Statement of
Additional Information. |
Withdrawal Benefits - See Hypothetical Adjusted Withdrawals - Guaranteed Lifetime Withdrawal Benefit Riders“ appendix for examples showing the effect of withdrawals on the WB. |
The GMWB guarantees a
withdrawal amount regardless
of the Policy Value. The
policyholder has 2 withdrawal
guarantees available. Once the
rider is issued, values for both
withdrawal guarantees will be
calculated indefinitely as
follows: |
The percentage is determined
by the attained age of the
Annuitant2 at the time of the
first withdrawal.
Single Life
Riders Age 1st WDSingle Life WD% 0 - 580.00%
59-643.75% 65-805.00% |
The withdrawal percentage is
determined by the attained age
of the Annuitant2 at the time
of the first withdrawal.
Single Life
Riders Age 1st WDSingle Life WD% 0 - 580.00%
59-643.50% 65-804.75% |
The withdrawal percentage is determined by the attained age of the Annuitant2 at the time of the first withdrawal. Single Life Riders Age 1st WD during Rider Years 1-5Single
Life WD% 0 - 580.0% 59-643.75% |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
|
a)7% Principal Back: The
policyholder can withdraw
up to 7% of the 7%
Principal Back TWB per
year until at least the time
at which the 7% Principal
Back MRWA has reached
zero.
b)5% For Life: The
policyholder can withdraw
up to 5% of the 5% For
Life TWB each year starting
with the rider anniversary
following the Annuitant's
59th birthday until at least
the later of the death of the
Annuitant or the time when
the 5% For Life MRWA*
has reached zero.
* The MRWA represents the
total minimum dollar amount
of guaranteed withdrawals the
policyholder has remaining
provided they take no more
than the MAWA each year. ●The policyholder does not have to take the entire MAWA in any year. ●If they do not take the full amount available, the remaining portion does not carry over to the next calendar year. |
81 +5.50% Joint Life Riders Age 1st WDJoint
Life WD% 0 - 580.00% 59-643.25%
65-804.50% 81 +5.00% ●Starting the rider anniversary following the Annuitant's259th birthday, the withdrawal percentage increases above 0% which creates a RWA available under the rider for withdrawal. ●On each rider anniversary, the RWA will be reset equal to the greater of: 1)The WB multiplied by
the Withdrawal
Percentage based on the
attained age of the
Annuitant2 at the time of
their first withdrawal if
applicable, and
2)The RMD amount for this Policy for the current calendar year. ●The policyholder does not have to take the entire RWA in any year. ●If they do not take the full amount available, the remaining portion does not carry over to the next rider year. For riders issued prior to the date of this prospectus, please see the “Appendix Prior Withdrawal/Growth Percentages and Rider Fees” in the Statement of Additional Information. |
81 +5.25% Joint Life Riders Age 1st WDJoint
Life WD% 0 - 580.00% 59-643.00%
65-804.25% 81 +4.75% ●Starting the rider anniversary following the Annuitant's259th birthday, the withdrawal percentage increases above 0% which creates a RWA available under the rider for withdrawal. ●On each rider anniversary, the RWA will be reset equal to the greater of: 1)The WB multiplied by
the Withdrawal
Percentage based on the
attained age of the
Annuitant2 at the time of
their first withdrawal if
applicable, and
2)The RMD amount for this Policy for the current calendar year. ●The policyholder does not have to take the entire RWA in any year. ●If they do not take the full amount available, the remaining portion does not carry over to the next rider year. For riders issued prior to the date of this prospectus, please reference the “Appendix – Prior
Withdrawal/Growth
Percentages and Rider Fees”
in the Statement of
Additional Information. |
65-805.00%
81 +5.50% Joint Life Riders Age 1st WD during Rider Years 1-5Joint
Life WD% 0 - 580.0% 59-643.25%
65-804.50% 81 +5.00%
Single Life Riders
Age 1st WD during Rider
Years 6-10Single Life WD% 0 - 580.0%
59-644.25% 65-805.50%
81 +6.00% Joint Life Riders Age 1st WD during Rider Years 6-10Joint
Life WD% 0 - 580.0% 59-643.75%
65-805.00% 81 +5.50%
Single Life Riders
Age 1st WD during Rider
Years 11+Single Life WD% 0 - 580.0%
59-644.75% 65-806.00%
81 +6.50% Joint Life Riders Age 1st WD during Rider Years 11+Joint
Life WD% 0 - 580.0% 59-644.25%
65-805.50% 81 +6.00% ●Starting the rider anniversary following the Annuitant's259th birthday, the withdrawal percentage increases above 0% which creates a RWA available under the rider for withdrawal. ●On each rider anniversary,
the RWA will be reset equal
to the greater of:
1)The WB multiplied by the withdrawal percentage based on the attained age of the Annuitant2 at the time of their first withdrawal if applicable, and 2)The RMD amount for
this Policy for the current
calendar year. ●The policyholder does not have to take the entire RWA in any year. ●If they do not take the full
amount available, the
remaining portion does not
carry over to the next rider
year.
For riders issued prior to the |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
|
|
|
|
date of this prospectus,
please reference the
“Appendix – Prior Allocation/Withdrawal Percentages and Rider Fees” in the Statement of Additional Information. |
Automatic Step-Up Benefit |
N/A |
On each rider anniversary, the
WB will be set to the greatest
of:
1)The current WB: 2)The Policy Value on the
rider anniversary;
3)The highest Policy Value on a rider monthiversarySM*; or 4)The current WB
immediately prior to
anniversary processing
increased by the growth rate
percentage**
* Item 3) is set to zero if there
have been any excess
withdrawals in the current
rider year.
** Item 4) is set to zero after
the first 10 years or if there
have been any withdrawals in
the current rider year.
A step-up will occur if the
largest value is either 2) or 3)
above. A step-up will allow us
to change the rider fee
percentage after the 1st rider
anniversary. ●If the largest value is 1) or 4) above, this is not considered a step-up. ●Owner will have a 30 day window after the rider anniversary to reject an automatic step-up if we increase the rider fee.—Must be in writing. ●If an Owner rejects an automatic step-up, they retain the right to all future automatic step-ups. NOTE: The withdrawal
percentage will also increase if
You have crossed into another
age band prior to an automatic
step-up after the election date. |
On each rider anniversary, the
WB will be set to the greatest
of:
1)The current WB: 2)The Policy Value on the
rider anniversary;
3)The highest Policy Value on a rider monthiversarySM*; or 4)The current WB
immediately prior to
anniversary processing
increased by the growth rate
percentage**
* Item 3) is set to zero if there
have been any excess
withdrawals in the current
rider year.
** Item 4) is set to zero after
the first 10 years or if there
have been any withdrawals in
the current rider year.
A step-up will occur if the
largest value is either 2) or 3)
above. A step-up will allow us
to change the rider fee
percentage after the 5th rider
anniversary. ●If the largest value is 1) or 4) above, this is not considered a step-up. ●Owner will have a 30 day window after the rider anniversary to reject an automatic step-up if we increase the rider fee.—Must be in writing. ●If an Owner rejects an automatic step-up, they retain the right to all future automatic step-ups. NOTE: The withdrawal
percentage will also increase if
You have crossed into another
age band prior to an automatic
step-up after the election date. |
On each rider anniversary, the
rider will receive an automatic
step-up if the WB is equal to
the Policy Value on the rider
anniversary immediately after
the WB reset on the rider
anniversary. ●If the Policy Value is not greater than the current WB no automatic step-up will occur ●The withdrawal percentage
will also increase if You have
crossed into another age
band or rider year duration
prior to the step-up. ●The rider fee percentage may increase or decrease at the time of the step-up. ●Owner will have a 30 day window after the rider anniversary to reject an automatic step-up if the rider fee increased. ●If an Owner rejects an automatic step-up, they retain the right to all future automatic step-ups. |
Exercising Rider |
“For Life” GMWB:
The policyholder is guaranteed
to be able to withdraw up to
the “For Life” MAWA until the
later of 1) the Annuitant's
death or 2) the “For Life”
MRWA is zero.
“Principal Back” GMWB:
The policyholder is guaranteed
to be able to withdraw up to
the “Principal Back” MAWA
until the “Principal Back” |
Exercising Base Benefit: The policyholder is guaranteed to be able to withdraw up to the RWA each rider year if the Policy Value does not reach zero as a result of an excess withdrawal. The rider benefits cease when the Annuitant2 has died. |
Exercising Base Benefit: The policyholder is guaranteed to be able to withdraw up to the RWA each rider year if the Policy Value does not reach zero as a result of an excess withdrawal. The rider benefits cease when the Annuitant2 has died. Exercising Death Option:
This optional feature may be
elected with this rider. Upon |
Exercising Base Benefit: The
policyholder is guaranteed to
be able to withdraw up to the
RWA each rider year (after the
attainment of the minimum
benefit age) without causing an
excess withdrawal, even if the
Policy Value is zero at the time
of withdrawal. The rider
benefits cease when the
Annuitant2 has died. |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
|
MRWA is zero.
“GMAB”: At the end of the GMAB waiting period (currently 10 years), should the Policy Value be less than the GFV, the GMAB feature will add the difference to the Policy Value on a pro-rata basis based on their current account value. a)The addition to the Policy
will not be considered
premium and should not
affect any other Policy
calculations, including the
GMDB calculations.
b)At the end of the waiting period, the GMAB will not provide any more benefits, unless the policyholder chooses to upgrade the rider. |
|
the death of an Annuitant2,
this rider will pay an additional
death benefit amount equal to
the excess, if any, of the RDB
over the greater of the base
Policy death benefit or any
GMDB.
Exercising the Income
Enhancement Option4:
If qualifications are met, this
optional feature doubles the
income benefit percentage
until the Annuitant2 is no
longer confined (either has left
the facility or deceased).
Qualifications:
–Confinement must be due to a medical necessity due to physical or cognitive ailment. –Must be the Annuitant2 who
is confined.
–Waiting period of 1 year from the rider date before the increase in the income benefit percentage is applicable. –Elimination period is 180
days within the last 12 months
which can be satisfied during
the waiting period.
–Proof of confinement is required. This may be a statement from a Physician or a hospital or nursing facility administrator. –Qualification standards can
be met again on the
Annuitant's2 life. |
|
Income Benefit or Other
Benefit Payout
Considerations |
The GFV is the Policy Value
we are guaranteeing on the
GFV date. After the Rider
Issue Date, the GFV is equal to
the GFV on the Rider Issue
Date, plus a percentage of
premiums received after the
Rider Date as shown in the
table below, less an adjustment
for withdrawals.
Year Rec'd% Added to GFV 1100%
290% 380%
470% 560%
6-1050% 10+0%
At the end of the GMAB
waiting period (currently 10
years), should the Policy Value
be less than the GFV, we will
add the difference to the Policy
Value on a pro-rata basis based
on their current Policy Value. |
Growth: Benefit is not elected separately but is built into the rider. The WB will grow annually. This will only be credited on the rider anniversary for up to 10 rider years. This is not added on top of a step-up if applicable. If a withdrawal has occurred in the current rider year growth will not be applied. NOTE: There is not an
adjustment or credit for partial
years of interest. Growth is not
accumulated daily. Only
calculated at the end of the
year if no withdrawals were
taken.
For riders issued prior to the
date of this prospectus, please
reference the “Appendix –
Prior Withdrawal/Growth
Percentages and Rider Fees” in
the Statement of Additional
Information. |
Growth: Benefit is not elected separately but is built into the rider. The WB will grow annually. This will only be credited on the rider anniversary for up to 10 rider years. This is not added on top of a step-up if applicable. If a withdrawal has occurred in the current rider year growth will not be applied. NOTE: There is not an
adjustment or credit for partial
years of interest. Growth is not
accumulated daily. Only
calculated at the end of the
year if no withdrawals were
taken.
For riders issued prior to the
date of this prospectus, please
reference the “Appendix –
Prior Withdrawal/Growth
Percentages and Rider Fees” in
the Statement of Additional
Information. |
N/A |
Rider Upgrade |
●May upgrade any time after the 3rd Anniversary by terminating the rider and adding the new rider in place at that time, as long as |
N/A |
●Upgrades allowed within a 30-day window following each successive 5th rider anniversary. |
N/A |
Rider Name |
Guaranteed Principal
Solutions Rider (2005)3 |
Retirement Income Max®3
|
Retirement Income Choice®
1.63 |
Transamerica Income
EdgeSM3 |
Rider Form Number1 |
RGMB 4 0504 |
RGMB 41 0513
RGMB 41 0111 (NY) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
RGMB 51 0616 |
|
the covered lives meet the
age requirements in effect at
that time. ●Must be prior to the annuitant's 86th birthday ●An upgrade will reset the MRWA, TWB, MAWA and the GFV values. ●Rider Fee will be the fee that applies to the new rider at the time of upgrade. |
|
●Rider availability and fees may vary at time of upgrade ●Upgrades are subject to issue age restrictions of the rider at the time of upgrade. Currently the maximum upgrade age is 85 years old. ●An upgrade will reset the WB and RDB. ●Rider Fee Percentage will be the fee percentage that applies to the new rider at the time of upgrade. ●Growth percentage will be the percentage available at the time of upgrade. |
|
Rider Termination |
●The rider will be terminated upon Policy surrender, Annuitization or upgrade. ●The policyholder must wait 3 years from the Rider Start Date to terminate. ●After the three-year waiting period, the policyholder may terminate the rider at any time. ●The rider will be terminated
the date we receive Written Notice from You requesting
termination. |
●The rider will be terminated upon Policy surrender, Annuitization, Annuitant2 death or upgrade. ●The date the Policy to which this rider is attached is assigned or if the Owner is changed without our approval. ●Termination allowed within
30 day window following
each successive 5th rider
anniversary. ●The rider will be terminated the date an excess withdrawal reduces Your Policy Value to zero, or we receive Written Notice from You requesting termination. |
●The rider will be terminated upon Policy surrender, Annuitization, Annuitant2 death or upgrade. ●The date the Policy to which this rider is attached is assigned or if the Owner is changed without our approval. ●Termination allowed within
30 day window following
each successive 5th rider
anniversary. ●The rider will be terminated the date an excess withdrawal reduces Your Policy Value to zero, or we receive Written Notice from You requesting termination. |
●The rider will be terminated
upon Policy surrender,
Annuitization, Annuitant2
death or upgrade. ●The date the Policy to which this rider is attached is assigned or if the Owner is changed without our approval. ●Termination allowed within
30 day window following
each successive 5th rider
anniversary. ●The rider will be terminated the date we receive Written Notice from You requesting termination. |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
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% |
12.66% |
5.92% |
5.04% |
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% |
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% |
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: Pacific Investment Management
Company LLC |
0.78% |
6.18% |
0.73% |
1.44% |
Seeks a high level of current income by
investing in high-yield debt securities. |
Transamerica Aegon High Yield Bond VP -
Service Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
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% |
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% |
3.69% |
0.25% |
0.79% |
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% |
4.66% |
1.58% |
0.87% |
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% |
9.07% |
4.46% |
3.37% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
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 50 VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.69% |
9.79% |
5.19% |
N/A |
Seeks long-term capital appreciation and capital
preservation as a secondary objective. |
Transamerica BlackRock iShares Edge 75 VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
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% |
14.47% |
9.34% |
N/A |
Seeks to balance capital appreciation and
income. |
Transamerica Goldman Sachs Managed Risk -
Balanced ETF VP - Service Class
Sub-Advised by: Milliman Financial Risk
Management LLC |
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: Milliman Financial Risk
Management LLC |
0.66% |
10.59% |
3.35% |
3.22% |
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: Milliman Financial Risk
Management LLC |
0.67% |
17.68% |
7.38% |
5.13% |
Seeks long-term capital appreciation. |
Transamerica Great Lakes Advisors Large Cap
Value VP - Service Class
(3) Sub-Advised by: Great Lakes Advisors
LLC |
0.97% |
12.78% |
9.66% |
N/A |
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% |
3.97% |
4.51% |
4.38% |
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% |
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% |
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% |
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% |
25.73% |
15.20% |
N/A |
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% |
20.88% |
11.15% |
8.74% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||
Seeks to maximize long-term growth. |
Transamerica WMC US Growth VP – Service
Class
(4) Sub-Advised by: Wellington Management
Company, LLP |
0.91% |
41.72% |
17.45% |
13.31% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) | ||
|
1 year |
5 years |
10 years | ||
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% |
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% |
13.37% |
3.15% |
2.73% |
Seeks capital appreciation with current income
as secondary objective. |
Transamerica BlackRock iShares Active Asset
Allocation - Moderate Growth VP - Service
Class
Sub-Advised by: BlackRock Investment
Management, LLC |
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% |
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% |
17.28% |
4.96% |
3.63% |
|
Return of
Premium
Death
Benefit |
Annual
Step-Up
Death
Benefit |
Retirement
Income
Max® Rider |
Retirement
Income
Max® Rider |
Retirement
Income
Max® Rider |
Retirement
Income
Max® Rider |
Retirement
Income
Choice® 1.6 Rider |
Retirement
Income
Choice® 1.6 Rider |
Retirement
Income
Choice® 1.6 Rider |
Subaccounts |
|
|
Before
11/10/14 |
11/10/14 to
1/31/18 |
2/1/18 to
1/30/20 |
Post
1/31/20 |
Before
2/28/19 |
3/1/19 to
8/31/20 |
9/1/2020
and After
Group A,
B, or C |
AB Balanced Hedged Allocation Portfolio -
Class B |
√ |
√ |
|
|
|
|
A |
A |
B |
State Street Total Return V.I.S. Fund - Class
3 |
√ |
√ |
|
|
|
|
A |
A |
B |
TA 60/40 Allocation - Service Class |
√ |
√ |
|
|
|
|
A |
A |
B |
TA Aegon Bond - Service Class |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
TA Aegon High Yield Bond - Service Class |
√ |
√ |
|
|
|
|
|
A |
B |
TA Aegon Sustainable Equity Income -
Service Class |
√ |
√ |
|
|
|
|
|
A |
A |
TA Aegon U.S. Government Securities -
Service Class |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
TA BlackRock Government Money Market -
Service Class |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
TA BlackRock iShares Edge 40- Service Class |
√ |
√ |
√ |
|
√ |
√ |
C |
A |
B |
TA BlackRock iShares Edge 50 - Service
Class |
√ |
√ |
√ |
|
√ |
√ |
B |
A |
B |
TA BlackRock iShares Edge 75 - Service
Class |
√ |
√ |
|
|
|
|
A |
A |
B |
TA BlackRock iShares Edge 100 - Service
Class |
√ |
√ |
|
|
|
|
|
A |
A |
TA Goldman Sachs Managed Risk -
Balanced ETF - Service Class(1) |
√ |
√ |
√ |
√ |
√ |
√ |
B |
A |
B |
TA Goldman Sachs Managed Risk -
Conservative ETF - Service Class(1) |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
B |
TA Goldman Sachs Managed Risk - Growth
ETF - Service Class(1) |
√ |
√ |
|
|
|
|
A |
A |
B |
TA Great Lakes Advisors Large Cap Value -
Service Class |
√ |
√ |
|
|
|
|
|
A |
A |
TA Madison Diversified Income - Service
Class |
√ |
√ |
√ |
√ |
√ |
√ |
B |
A |
B |
TA Morgan Stanley Global Allocation -
Service Class |
√ |
√ |
|
|
|
|
A |
A |
B |
TA MSCI EAFE Index - Service Class |
√ |
√ |
|
|
|
|
|
A |
A |
TA Multi-Managed Balanced - Service Class |
√ |
√ |
|
|
|
|
A |
A |
B |
TA PineBridge Inflation Opportunities -
Service Class |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
TA S&P 500 Index - Service Class |
√ |
√ |
|
|
|
|
|
A |
A |
TA T. Rowe Price Small Cap - Service Class |
√ |
√ |
|
|
|
|
|
A |
A |
|
Return of
Premium
Death
Benefit |
Annual
Step-Up
Death
Benefit |
Retirement
Income
Max® Rider |
Retirement
Income
Max® Rider |
Retirement
Income
Max® Rider |
Retirement
Income
Max® Rider |
Retirement
Income
Choice® 1.6 Rider |
Retirement
Income
Choice® 1.6 Rider |
Retirement
Income
Choice® 1.6 Rider |
Subaccounts |
|
|
Before
11/10/14 |
11/10/14 to
1/31/18 |
2/1/18 to
1/30/20 |
Post
1/31/20 |
Before
2/28/19 |
3/1/19 to
8/31/20 |
9/1/2020
and After
Group A,
B, or C |
Fixed Account |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
|
Select
Investment
Options |
Select
Investment
Options |
Flexible
Investment
Options |
Flexible
Investment
Options |
Subaccounts |
Before
1/30/20 |
Post
1/31/20 |
Before
1/31/20 |
Post
1/31/20 |
AB Balanced Hedged Allocation Portfolio - Class B |
|
|
√ |
√ |
State Street Total Return V.I.S. Fund - Class 3 |
|
|
√ |
√ |
TA 60/40 Allocation - Service Class |
|
|
√ |
√ |
TA Aegon 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 BlackRock Government Money Market - Service Class
|
√ |
√ |
|
|
TA BlackRock iShares Active Asset Allocation - Conservative - Service
Class(1)(2) |
|
|
√ |
√ |
TA BlackRock iShares Active Asset Allocation - Moderate - Service
Class(1)(2) |
|
|
√ |
√ |
TA BlackRock iShares Active Asset Allocation - Moderate Growth -
Service Class(1)(2) |
|
|
√ |
√ |
TA BlackRock iShares Dynamic Allocation - Balanced - Service Class(1)(2) |
|
|
√ |
√ |
TA BlackRock iShares Dynamic Allocation - Moderate Growth - Service
Class(1)(2) |
|
|
√ |
√ |
TA BlackRock iShares Edge 40- Service Class |
|
|
√ |
√ |
TA BlackRock iShares Edge 50 - Service Class |
|
|
√ |
√ |
TA BlackRock iShares Edge 75 - Service Class |
|
|
√ |
√ |
TA BlackRock iShares Edge 100 - Service Class |
|
|
√ |
√ |
TA Goldman Sachs Managed Risk - Balanced ETF - Service Class(1) |
|
|
√ |
√ |
TA Goldman Sachs Managed Risk - Conservative ETF - Service
Class(1) |
|
|
√ |
√ |
TA Goldman Sachs Managed Risk - Growth ETF - Service Class(1) |
|
|
√ |
√ |
TA Great Lakes Advisors Large Cap Value - Service Class |
|
|
√ |
√ |
TA Madison Diversified Income - Service Class |
|
|
√ |
√ |
TA Morgan Stanley Global Allocation - 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 T. Rowe Price Small Cap - Service Class |
|
|
√ |
√ |
Fixed Account |
|
|
√ |
√ |
S* (G-C)* (M/12) | ||
S |
= |
Is the amount (before surrender charges, premium taxes and the application of any
Guaranteed Minimum Death Benefits, if any) being surrendered, withdrawn,
transferred, paid upon death, or applied to an income option
that is subject to the Excess Interest Adjustment.
|
G |
= |
Is the guaranteed interest rate for the guaranteed period applicable to “S”; |
C |
= |
Is the current guaranteed interest rate then being offered on new premium payments
for the next longer option period than “M”. If this Policy form or such an option
period is no longer offered, “C” will be the U.S. Treasury rate for the next longer
maturity (in whole years) than “M” on the 25th day of the previous calendar month;
and |
M |
= |
Number of months remaining in the current option period for
“S”, rounded up to
the next higher whole number of months. |
* |
= |
Multiplication |
Policy Value at middle of Policy Year 2 |
= 50,000.00 * (1.055) ^ 1.5 = 54,181.21 |
Cumulative earnings |
= 54,181.21 – 50,000.00 = 4,181.21 |
Amount free of Excess Interest Adjustment |
= 4,181.21 |
Amount subject to Excess Interest Adjustment |
= 54,181.21 – 4,181.21 = 50,000.00 |
Excess Interest Adjustment floor |
= 50,000.00 * (1.015) ^ 1.5 = 51,129.21 |
Excess Interest Adjustment S*(G-C)*(M/12) where: |
G = .055
C = .085
M = 42
= 50,000.00 * (0.055 - 0.085) * (42/12) |
|
= -5,250.00, but Excess Interest Adjustment cannot cause the
Adjusted Policy Value to fall below the Excess Interest
Adjustment floor, so the adjustment is limited to
51,129.21 - 54,181.21 = -3,052.00 |
Adjusted Policy Value = Policy Value + Excess Interest
Adjustment |
= 54,181.21 + (-3,052.00) = 51,129.21 |
Policy Value at middle of Policy Year 2 |
= 50,000.00 * (1.055) ^ 1.5 = 54,181.21 |
Cumulative earnings |
= 54,181.21 – 50,000.00 = 4,181.21 |
Amount free of Excess Interest Adjustment |
= 4,181.21 |
Amount subject to Excess Interest Adjustment |
= 54,181.21 – 4,181.21 = 50,000.00 |
Excess Interest Adjustment floor |
= 50,000.00 * (1.015) ^ 1.5 = 51,129.21 |
Excess Interest Adjustment S* (G-C)* (M/12) where: |
G = .055
C = .045
M = 42
= 50,000.00 * (.055-.045) * (42/12) = 1,750.00 |
Adjusted Policy Value |
= 54,181.21 + 1,750.00 = 55,931.21 |
R - E + SC | ||
R |
= |
the requested withdrawal; |
E |
= |
the Excess Interest Adjustment; and |
SC |
= |
the Surrender Charges on (EPW - E): where |
EPW |
= |
the excess partial withdrawal amount. |
Policy Value at middle of Policy Year 2 |
= 50,000.00 * (1.055) ^ 1.5 = 54,181.21 |
Cumulative earnings |
= 54,181.21 – 50,000.00 = 4,181.21 |
Amount free of Excess Interest Adjustment |
= 4,181.21 |
Excess Interest Adjustment S*(G-C)*(M/12) where: |
S = 20,000 – 4,181.21 = 15,818.79
G = .055
C = .065
M = 42
= 15,818.79 * (.055 - .065) * (42/12) = -553.66 |
Remaining Policy Value at middle of Policy Year 2 |
= 54,181.21 - (R - E + Surrender Charge)
= 54,181.21 - (20,000.00 - (-553.66) + 0.00) = 33,627.55
|
Policy Value at middle of Policy Year 2 |
= 50,000.00 * (1.055) ^ 1.5 = 54,181.21 |
Cumulative earnings |
= 54,181.21 – 50,000.00 = 4,181.21 |
Amount free of Excess Interest Adjustment |
= 4,181.21 |
Excess Interest Adjustment S*(G-C)*(M/12) where: |
S = 20,000 – 4,181.21 = 15,818.79
G = .055
C = .045
M = 42
= 15,818.79 * (.055 - .045)* (42/12) = 553.66 |
Remaining Policy Value at middle of Policy Year 2 |
= 54,181.21 - (R - E + Surrender Charge)
= 54,181.21 - (20,000.00 – 553.66 + 0.00) = 34,734.87 |
Reduction in guaranteed minimum death benefit |
=$23,241 |
Reduction in Policy Value |
=$15,494 |
New guaranteed minimum death benefit amount |
=$51,759 |
New Policy Value (after withdrawal) |
=$34,506 |
Reduction in guaranteed minimum death benefit |
=$15,494 |
Reduction in Policy Value |
=$15,494 |
New guaranteed minimum death benefit amount |
=$34,506 |
New Policy Value (after withdrawal) |
=$59,506 |
End of Year |
Net Rate of Return* |
Policy Value (No GMDB
Elected) |
Policy Value (Return of
Premium GMDB Elected) |
Return of Premium
GMDB |
Policy Value (Annual Step-Up
GMDB Elected) |
Annual Step-Up
GMDB |
Issue |
N/A |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
1 |
-4% |
$94,850 |
$94,700 |
$100,000 |
$94,500 |
$100,000 |
2 |
18% |
$110,832 |
$110,515 |
$100,000 |
$110,093 |
$110,093 |
3 |
15% |
$126,182 |
$125,655 |
$100,000 |
$124,955 |
$124,955 |
4 |
-7% |
$115,899 |
$115,226 |
$100,000 |
$114,334 |
$124,955 |
5 |
2% |
$116,884 |
$116,033 |
$100,000 |
$114,905 |
$124,955 |
6 |
10% |
$127,228 |
$126,127 |
$100,000 |
$124,672 |
$124,955 |
7 |
14% |
$143,577 |
$142,146 |
$100,000 |
$140,257 |
$140,257 |
8 |
-3% |
$137,618 |
$136,033 |
$100,000 |
$133,945 |
$140,257 |
9 |
17% |
$159,431 |
$157,391 |
$100,000 |
$154,706 |
$154,706 |
10 |
6% |
$167,163 |
$164,788 |
$100,000 |
$161,668 |
$161,668 |
Rider earnings on date of surrender (Policy Value on date of surrender
– Policy Value on rider date – premiums paid
after rider date + surrenders since rider date that exceeded rider
earnings = $150,000 - $100,000 - $25,000 + 0): |
$25,000 |
Amount of surrender that exceeds rider earnings ($30,000 -
$25,000): |
$5,000 |
Base policy death benefit (assumed) on the date of death benefit
calculation: |
$200,000 |
Policy Value on the date of death benefit calculations:
|
$175,000 |
Rider earnings (= Policy Value on date of death benefit calculations
– Policy Value on rider date – premiums since
rider date + surrenders since rider date that exceeded rider earnings =
$175,000 - $100,000 - $25,000 + $5,000): |
$55,000 |
Additional death benefit amount (= additional death benefit factor * rider
earnings = 40%* $55,000): |
$22,000 |
Total death benefit paid (= base policy death benefit plus additional
death benefit amount): |
$222,000 |
Rider earnings (= Policy Value on date of death benefit calculations
– Policy Value on rider date – premiums since
rider date + surrenders since rider date that exceeded rider earnings =
$75,000 - $100,000 - $0 + $0): |
$0 |
Additional death benefit amount (= additional death benefit factor * rider
earnings = 40%* $0): |
$0 |
Total death benefit paid (= base policy death benefit plus additional
death benefit amount): |
$100,000 |
Rider fee on second rider anniversary (= rider fee * Policy Value = 0.55%
* $95,000) |
$522.50 |
Additional death benefit during 3rd rider year (= sum of total rider fees
paid = $605 + $522.50) |
$1,127.50 |
Rider benefit base in 3rd rider year prior to premium addition (= account
value less premiums added since rider date = $115,000
– $0) |
$115,000.00 |
Rider benefit base in 3rd rider year after premium addition (= $140,000 -
$25,000) |
$115,000.00 |
Rider benefit base in 4th rider year prior to withdrawal (= account value
less premiums added since rider date = $145,000 -
$25,000) |
$120,000.00 |
Rider benefit base in 4th rider year after withdrawal = (account value
less premiums added since rider date =$110,000 -
$25,000) |
$85,000.00 |
Rider benefit base in 5th rider year (= $130,000 - $25,000)
|
$105,000.00 |
Additional death benefit = rider benefit percentage * rider benefit base =
30% * $105,000 |
$31,500.00 |
Total Death Proceeds in 5th rider year (= base Policy Death Proceeds +
additional death benefit amount = $145,000 +
$31,500) |
$176,500.00 |
Investment Option Allocations: |
Initial Premium Allocations |
Initial Premium Allocation Percentages |
Stable Account |
$20,000 |
20% |
Select Investment Option Fund A |
$13,000 |
13% |
Select Investment Option Fund B |
$13,000 |
13% |
Select Investment Option Fund C |
$4,000 |
4% |
Total Select Investment Options |
$30,000 |
30% |
Flexible Investment Option Fund A |
$14,000 |
14% |
Flexible Investment Option Fund B |
$14,000 |
14% |
Flexible Investment Option Fund C |
$22,000 |
22% |
Total Flexible Investment Options |
$50,000 |
50% |
Total Investments |
$100,000 |
100% |
Investment Option Allocations: |
Initial Allocations |
Initial Allocation Percentages |
Rebalancing Allocation
Percentages |
Stable Account |
$20,000 |
20% |
N/A |
Total Select Investment Options |
$30,000 |
30% |
37.5% |
Total Flexible Investment Options |
$50,000 |
50% |
62.5% |
Total Investments |
$100,000 |
100% |
100% |
Investment Option Allocations: |
Unrounded Rebalancing
Percentages |
Rounded Rebalancing
Percentages |
Stable Account |
N/A |
N/A |
Total Select Investment Options |
37.5% |
38%(1) |
Total Flexible Investment Options |
62.5% |
62%(2) |
Total Investments |
100% |
100% |
Investment Option Allocations: |
Initial Allocations |
Initial Percentages |
Rebalancing Percentages |
Stable Account |
$20,000 |
20% |
N/A |
Select Investment Option Fund A |
$13,000 |
13% |
16% |
Select Investment Option Fund B |
$13,000 |
13% |
16% |
Select Investment Option Fund C |
$4,000 |
4% |
5% |
Total Select Investment Options |
$30,000 |
30% |
37% |
Flexible Investment Option Fund A |
$14,000 |
14% |
18% |
Flexible Investment Option Fund B |
$14,000 |
14% |
18% |
Flexible Investment Option Fund C |
$22,000 |
22% |
28% |
Total Flexible Investment Options |
$50,000 |
50% |
64% |
Total Investments |
$100,000 |
100% |
101% |
Investment Option Allocations: |
Initial Allocations |
Initial Percentages |
Rebalancing Percentages |
Stable Account |
$20,000 |
20% |
N/A |
Select Investment Option Fund A |
$13,000 |
13% |
17% |
Select Investment Option Fund B |
$13,000 |
13% |
16% |
Select Investment Option Fund C |
$4,000 |
4% |
5% |
Total Select Investment Options |
$30,000 |
30% |
38% |
Flexible Investment Option Fund A |
$14,000 |
14% |
18% |
Flexible Investment Option Fund B |
$14,000 |
14% |
18% |
Flexible Investment Option Fund C |
$22,000 |
22% |
26% |
Total Flexible Investment Options |
$50,000 |
50% |
62% |
Total Investments |
$100,000 |
100% |
100% |
Investment Option Allocations: |
Allocation Amounts before
Rebalance |
Allocation Percentage of rebalancing funds Prior to Rebalance |
Stable Account |
$20,050 |
N/A |
Select Investment Option Fund A |
$13,090 |
17% |
Select Investment Option Fund B |
$11,550 |
15% |
Select Investment Option Fund C |
$3,850 |
5% |
Total Select Investment Options |
$28,490 |
37% |
Flexible Investment Option Fund A |
$13,090 |
17% |
Flexible Investment Option Fund B |
$14,630 |
19% |
Flexible Investment Option Fund C |
$20,790 |
27% |
Total Flexible Investment Options |
$48,510 |
63% |
Total Investments |
$97,050 |
100% |
Investment Option Allocations: |
Allocation amounts after
Rebalance |
Allocation of Rebalancing
after Rebalance |
Allocation of Policy Value
Rebalance |
Stable Account |
$20,050 |
N/A |
21% |
Select Investment Option Fund A |
$13,090 |
17% |
13% |
Select Investment Option Fund B |
$12,320 |
16% |
13% |
Select Investment Option Fund C |
$3,850 |
5% |
4% |
Total Select Investment Options |
$29,260 |
38% |
30% |
Flexible Investment Option Fund A |
$13,860 |
18% |
14% |
Flexible Investment Option Fund B |
$13,860 |
18% |
14% |
Flexible Investment Option Fund C |
$20,020 |
26% |
21% |
Total Flexible Investment Options |
$47,740 |
62% |
49% |
Total Investments |
$97,050 |
100% |
100% |
Rider Year |
Hypothetical Policy Value |
Subsequent Premium
Payment |
Withdrawal |
Excess WB Adjustment |
Growth Amount* |
High MonthiversarySM
Value |
Withdrawal Base |
Rider Withdrawal
Amount |
|
$100,000 |
$ |
$ |
$ |
$ |
$100,000 |
$100,000 |
$6,300 |
1 |
$102,000 |
$ |
$ |
$ |
$ |
$102,000 |
$100,000 |
$6,300 |
1 |
$105,060 |
$ |
$ |
$ |
$ |
$105,060 |
$100,000 |
$6,300 |
1 |
$107,161 |
$ |
$ |
$ |
$ |
$107,161 |
$100,000 |
$6,300 |
1 |
$110,376 |
$ |
$ |
$ |
$ |
$110,376 |
$100,000 |
$6,300 |
1 |
$112,584 |
$ |
$ |
$ |
$ |
$112,584 |
$100,000 |
$6,300 |
1 |
$115,961 |
$ |
$ |
$ |
$ |
$115,961 |
$100,000 |
$6,300 |
1 |
$118,280 |
$ |
$ |
$ |
$ |
$118,280 |
$100,000 |
$6,300 |
1 |
$121,829 |
$ |
$ |
$ |
$ |
$121,829 |
$100,000 |
$6,300 |
1 |
$124,265 |
$ |
$ |
$ |
$ |
$124,265 |
$100,000 |
$6,300 |
1 |
$120,537 |
$ |
$ |
$ |
$ |
$124,265 |
$100,000 |
$6,300 |
1 |
$115,716 |
$ |
$ |
$ |
$ |
$124,265 |
$100,000 |
$6,300 |
1 |
$109,930 |
$ |
$ |
$ |
$105,000 |
$124,265 |
$124,2651 |
$7,829 |
2 |
$112,129 |
$ |
$ |
$ |
$ |
$112,129 |
$124,265 |
$7,829 |
2 |
$115,492 |
$ |
$ |
$ |
$ |
$115,492 |
$124,265 |
$7,829 |
2 |
$117,802 |
$ |
$ |
$ |
$ |
$117,802 |
$124,265 |
$7,829 |
2 |
$121,336 |
$ |
$ |
$ |
$ |
$121,336 |
$124,265 |
$7,829 |
2 |
$124,976 |
$ |
$ |
$ |
$ |
$124,976 |
$124,265 |
$7,829 |
2 |
$177,476 |
$50,000 |
$ |
$ |
$ |
$177,476 |
$174,265 |
$10,979 |
2 |
$175,701 |
$ |
$ |
$ |
$ |
$177,476 |
$174,265 |
$10,979 |
2 |
$172,187 |
$ |
$ |
$ |
$ |
$177,476 |
$174,265 |
$10,979 |
2 |
$167,022 |
$ |
$ |
$ |
$ |
$177,476 |
$174,265 |
$10,979 |
2 |
$163,681 |
$ |
$ |
$ |
$ |
$177,476 |
$174,265 |
$10,979 |
2 |
$166,955 |
$ |
$ |
$ |
$ |
$177,476 |
$174,265 |
$10,979 |
2 |
$170,294 |
$ |
$ |
$ |
$182,979 |
$177,476 |
$182,9792 |
$11,528 |
3 |
$166,888 |
$ |
$ |
$ |
$ |
$166,888 |
$182,979 |
$11,528 |
3 |
$171,895 |
$ |
$ |
$ |
$ |
$171,895 |
$182,979 |
$11,528 |
3 |
$173,614 |
$ |
$ |
$ |
$ |
$173,614 |
$182,979 |
$11,528 |
3 |
$178,822 |
$ |
$ |
$ |
$ |
$178,822 |
$182,979 |
$11,528 |
3 |
$175,246 |
$ |
$ |
$ |
$ |
$178,822 |
$182,979 |
$11,528 |
3 |
$151,741 |
$ |
$20,000 |
$9,676 |
$ |
$ |
$173,303 |
$ |
3 |
$154,775 |
$ |
$ |
$ |
$ |
$ |
$173,303 |
$ |
3 |
$159,419 |
$ |
$ |
$ |
$ |
$ |
$173,303 |
$ |
3 |
$161,013 |
$ |
$ |
$ |
$ |
$ |
$173,303 |
$ |
3 |
$165,843 |
$ |
$ |
$ |
$ |
$ |
$173,303 |
$ |
3 |
$174,135 |
$ |
$ |
$ |
$ |
$ |
$173,303 |
$ |
Rider Year |
Hypothetical Policy Value |
Subsequent Premium
Payment |
Withdrawal |
Excess WB Adjustment |
Growth Amount* |
High MonthiversarySM
Value |
Withdrawal Base |
Rider Withdrawal
Amount |
3 |
$181,101 |
$ |
$ |
$ |
$ |
$ |
$181,1011 |
$11,409 |
Rider Year |
Hypothetical Policy Value |
Subsequent Premium
Payment |
Withdrawal |
Excess WB Adjustment |
Withdrawal Base |
Rider Withdrawal
Amount |
|
$100,000 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$102,000 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$105,060 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$107,161 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$110,376 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$112,584 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$115,961 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$118,280 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$121,829 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$124,265 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$120,537 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$115,716 |
$ |
$ |
$ |
$100,000 |
$6,000 |
1 |
$109,930 |
$ |
$ |
$ |
$109,930 |
$6,596 |
2 |
$112,129 |
$ |
$ |
$ |
$109,930 |
$6,596 |
2 |
$115,492 |
$ |
$ |
$ |
$109,930 |
$6,596 |
2 |
$117,802 |
$ |
$ |
$ |
$109,930 |
$6,596 |
2 |
$121,336 |
$ |
$ |
$ |
$109,930 |
$6,596 |
2 |
$124,976 |
$ |
$ |
$ |
$109,930 |
$6,596 |
2 |
$177,476 |
$50,000 |
$ |
$ |
$159,930 |
$9,596 |
2 |
$175,701 |
$ |
$ |
$ |
$159,930 |
$9,596 |
2 |
$172,187 |
$ |
$ |
$ |
$159,930 |
$9,596 |
2 |
$167,022 |
$ |
$ |
$ |
$159,930 |
$9,596 |
2 |
$163,681 |
$ |
$ |
$ |
$159,930 |
$9,596 |
2 |
$166,955 |
$ |
$ |
$ |
$159,930 |
$9,596 |
2 |
$170,294 |
$ |
$ |
$ |
$170,2941 |
$10,218 |
3 |
$166,888 |
$ |
$ |
$ |
$170,294 |
$10,218 |
3 |
$171,895 |
$ |
$ |
$ |
$170,294 |
$10,218 |
3 |
$173,614 |
$ |
$ |
$ |
$170,294 |
$10,218 |
3 |
$178,822 |
$ |
$ |
$ |
$170,294 |
$10,218 |
3 |
$175,246 |
$ |
$ |
$ |
$170,294 |
$10,218 |
3 |
$151,741 |
$ |
$20,000 |
$10,314 |
$159,980 |
$ |
3 |
$154,775 |
$ |
$ |
$ |
$159,980 |
$ |
3 |
$159,419 |
$ |
$ |
$ |
$159,980 |
$ |
3 |
$161,013 |
$ |
$ |
$ |
$159,980 |
$ |
3 |
$165,843 |
$ |
$ |
$ |
$159,980 |
$ |
3 |
$174,135 |
$ |
$ |
$ |
$159,980 |
$ |
3 |
$181,101 |
$ |
$ |
$ |
$181,1011 |
$10,866 |