GLOSSARY OF TERMS___________________ |
1 |
2 | |
Overview of the policy______________ |
5 |
EXAMPLES
_________________________ |
7 |
Policy
____________________________ |
13 |
Business Continuity____________________ |
14 |
14 | |
Transamerica Life Insurance Company_________ |
14 |
Financial Condition of the Company__________ |
14 |
The Separate Account___________________ |
15 |
The Underlying Funds___________________ |
15 |
Other Transamerica Policies_______________ |
15 |
VOTING RIGHTS______________________ |
16 |
THE ANNUITY POLICY__________________ |
16 |
PURCHASE___________________________ |
17 |
Policy Issue Requirements_________________ |
17 |
Premium Payments_____________________ |
17 |
Initial Premium Requirements______________ |
17 |
Additional Premium Payments______________ |
18 |
Maximum Total Premium Payments__________ |
18 |
Allocation of Premium Payments____________ |
18 |
Policy
Value_________________________ |
18 |
INVESTMENT OPTIONS_________________ |
18 |
19 | |
Options_________________________ |
20 |
Static Allocation Models__________________ |
21 |
The Fixed Account_____________________ |
21 |
Transfers___________________________
|
22 |
Investment Restrictions__________________ |
22 |
Market Timing and Disruptive Trading_________ |
23 |
EXPENSES____________________________ |
25 |
Transaction Expenses___________________ |
25 |
Excess Interest Adjustment________________ |
26 |
Premium Taxes_______________________ |
26 |
Federal, State and Local Taxes______________ |
26 |
Special Service Fees_____________________ |
26 |
Transfer
Fee_________________________ |
26 |
Base Contract Expenses__________________ |
26 |
Mortality and Expense Risk Fees_____________ |
26 |
Administrative Charges__________________ |
26 |
Annual Service Charge___________________ |
26 |
Initial Payment Guarantee________________ |
27 |
Fund Facilitation Fee____________________ |
27 |
27 | |
Reduced Fees and Charges________________ |
27 |
Revenue We Receive____________________ |
27 |
29 | |
Ownership__________________________
|
29 |
Beneficiary__________________________
|
29 |
Assignment_________________________
|
29 |
Termination for Low Value________________ |
29 |
Certain Offers________________________ |
29 |
Exchanges and/or Reinstatements____________ |
30 |
ACCESS TO YOUR MONEY_______________ |
30 |
Surrenders__________________________
|
30 |
Delay of Payment and Transfer______________ |
31 |
Excess Interest Adjustment________________ |
31 |
Signature Guarantee____________________ |
32 |
32 | |
Annuity Payment Options________________ |
32 |
35 | |
DEATH BENEFIT_______________________ |
51 |
When We Pay A Death Benefit_____________ |
52 |
52 | |
52 | |
Succession of Ownership_________________ |
53 |
Spousal Continuation___________________ |
53 |
Amount of Death Benefit_________________ |
53 |
Guaranteed Minimum Death Benefit__________ |
53 |
Adjusted Partial Withdrawal_______________ |
55 |
Optional Benefit Riders_____________ |
55 |
ADDITIONAL FEATURES________________ |
77 |
Systematic Payout Option________________ |
77 |
Income Benefit Programs_________________ |
78 |
Initial Payment Guarantee________________ |
78 |
Option__________________________ |
78 |
Unemployment Waiver__________________ |
79 |
79 | |
Dollar Cost Averaging Program_____________ |
79 |
Asset Rebalancing_____________________ |
80 |
Loans______________________________ |
80 |
TAX INFORMATION____________________ |
81 |
OTHER INFORMATION_________________ |
90 |
State Variations_______________________ |
90 |
Right to Cancel Period__________________ |
90 |
Order___________________________ |
90 |
Regulatory Modifications to Policy___________ |
90 |
90 | |
Mixed and Shared Funding________________ |
91 |
Abandoned or Unclaimed Property___________ |
91 |
Legal Proceedings______________________ |
91 |
Distribution of the Policies________________ |
91 |
| |
UNDER
THE POLICY______________ |
94 |
100 | |
| |
104 | |
| |
POLICY VARIATIONS________________ |
107 |
| |
Examples
______________________ |
113 |
| |
Death Benefit____________________ |
116 |
| |
118 |
| |
119 | |
| |
120 | |
| |
PAM METHOD TRANSFERS____________ |
125 |
| |
Riders
_________________________ |
128 |
| |
132 |
|
FEES AND EXPENSES |
Location in
Prospectus | ||
Charges for Early
Withdrawal |
There are no surrender charges. |
Annuity Policy Fee
Tables and
Expense
Examples | ||
Transaction Charges |
You 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 $50 charge for special
services, including overnight delivery, duplicate policies, handling
insufficient checks on new business, duplicate Form 1099
and Form 5498 tax forms, check copies, printing and
mailing previously submitted forms, and asset
verification requests from mortgage companies. |
Annuity Policy Fee
Tables and
Expense
Examples
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 |
1.70% |
3.70% | ||
Portfolio Company (fund fees and
expenses)2 |
0.29% |
1.45% | ||
Optional Benefit Expenses (if elected) |
0.20%1 |
2.40%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 contract. | ||||
Lowest Annual Cost
$2,032 |
Highest Annual Cost
$6,686 | |||
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.
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, 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
Transamerica Life
Insurance Company
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 exceeds the 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% |
Maximum Surrender Charge (as a % of premium payments surrendered)(1) |
0% |
Transfer
Fee(2) |
$10 |
Special Service
Fee(3) |
$50 |
Annual Service Charge(4)
|
$35 per policy |
Base Contract Expenses (as a percentage, annually,
of average Separate Account Value)(5): |
1.70% |
Fund Facilitation Fee |
0.30% |
Optional Benefit Expenses: |
|
Double Enhanced Death Benefit - No Longer
Available |
0.65% |
Annual Step-Up Death Benefit - No Longer
Available |
0.20% |
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% |
Optional Guaranteed Lifetime Withdrawal Benefit Riders - No Longer Available(6) |
Maximum |
5 for LifeSM rider (annual charge - a % of Total Withdrawal Base) |
1.35% |
5 for LifeSM with Growth (with additional death benefit) |
1.60% |
5 for LifeSM with Growth (without additional death benefit) |
1.35% |
|
Maximum Single |
Maximum Joint |
Living Benefits Rider (annual charge - a % of Principal Back Total Withdrawal Base) |
1.25% |
1.25% |
Income SelectSM for Life - Single and Joint Life Option (annual charge - a % of Total Withdrawal Base): |
1.15% |
1.35% |
Additional Benefits available with Income SelectSM for
Life rider: |
|
|
Growth Benefit |
0.25% |
0.50% |
Death Benefit |
0.25% |
0.20% |
Income EnhancementSM Benefit |
0.10% |
0.20% |
|
Maximum |
Current |
Retirement Income Choice® rider - Single Life Option: (annual charge - a % of withdrawal base) |
2.10% |
1.35% |
Additional Benefits available with the Retirement Income Choice® rider: |
|
|
Death Benefit |
0.25% |
0.25% |
Income EnhancementSM Benefit |
0.15% |
0.15% |
|
Maximum |
Current |
Retirement Income Choice® rider - Joint Life Option (annual charge - a % of Withdrawal Base): |
2.40% |
1.65%(1) |
Additional Benefits available with the Retirement Income Choice® rider: |
|
|
Death Benefit |
0.20% |
0.20% |
Income EnhancementSM Benefit |
0.30% |
0.30% |
Retirement Income Choice® with Double Withdrawal Base Benefit rider - Single Life Option (annual charge - a % of withdrawal base): |
2.40% |
1.65%(1) |
Additional Benefits available with the Retirement Income Choice® with Double Withdrawal Base Benefit rider: |
|
|
Death Benefit |
0.25% |
0.25% |
Income EnhancementSM Benefit |
0.15% |
0.15% |
Retirement Income Choice® with Double Withdrawal Base Benefit rider - Joint Life Option (annual charge - a % of withdrawal base): |
2.40% |
1.65%(1) |
Additional Benefits available with the Retirement Income Choice® with Double Withdrawal Base Benefit rider: |
|
|
Death Benefit |
0.20% |
0.20% |
Income EnhancementSM Benefit |
0.30% |
0.30% |
Retirement Income Choice® 1.4 rider (annual charge - a % of withdrawal base): |
|
|
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 the Retirement Income Choice® 1.4 rider: |
|
|
Death Benefit (Single Life Option) |
0.40% |
0.40% |
Death Benefit (Joint Life Option) |
0.35% |
0.35% |
Income EnhancementSM Benefit (Single Life Option) |
0.30% |
0.30% |
Income EnhancementSM Benefit (Joint Life Option) |
0.50% |
0.50% |
Retirement Income Choice® 1.2 rider (annual charge - a % of withdrawal base): |
|
|
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 the Retirement Income Choice® 1.2 rider: |
|
|
Death Benefit (Single Life Option) |
0.40% |
0.40% |
Death Benefit (Joint Life Option) |
0.35% |
0.35% |
Income EnhancementSM Benefit (Single Life Option) |
0.30% |
0.30% |
Income EnhancementSM Benefit (Joint Life Option) |
0.50% |
0.50% |
|
Maximum |
Current |
Retirement Income Max® rider (annual charge - a % of withdrawal base): (for riders issued on or after December 12, 2011) |
2.00% |
1.25% |
Retirement Income Max® rider (annual charge - a % of withdrawal base): (for riders issued before December 12, 2011) |
1.75% |
1.00% |
Retirement Income Choice® 1.6 rider (annual charge - a % of withdrawal base): (for riders issued on or after May 1, 2014) |
|
|
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 the Retirement Income Choice® 1.6 rider: |
|
|
Death Benefit (Single Life Option) |
0.40% |
0.40% |
Death Benefit (Joint Life Option) |
0.35% |
0.35% |
Income EnhancementSM Benefit (Single Life Option) |
0.30% |
0.30% |
|
Maximum |
Current |
Income EnhancementSM Benefit (Joint Life Option) |
0.50% |
0.50% |
Retirement Income Choice® 1.6 rider (annual charge - a % of withdrawal base): (for riders issued before 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 the Retirement Income Choice® 1.6 rider: |
|
|
Death Benefit (Single Life Option) |
0.40% |
0.40% |
Death Benefit (Joint Life Option) |
0.35% |
0.35% |
Income EnhancementSM Benefit (Single Life Option) |
0.30% |
0.30% |
Income EnhancementSM Benefit (Joint Life Option) |
0.50% |
0.50% |
Optional Guaranteed Minimum Income Benefit Riders - No Longer Available: |
Maximum |
Family Income Protector |
0.30% |
Managed Annuity Program |
0.45% |
Managed Annuity Program II |
0.45% |
Portfolio Companies |
Annualized Fee % |
American Funds - Asset Allocation FundSM - Class 2
American Funds - Growth FundSM - Class 2
American Funds - Growth-Income FundSM - Class 2
American Funds - International FundSM - Class 2
American Funds - The Bond Fund of AmericaSM - Class 2 |
0.30% |
AB Balanced Hedged Allocation Portfolio - Class B State Street Total Return V.I.S. Fund - Class 3 |
0.20% |
Franklin Allocation VIP Fund - Class 4 TA MSCI EAFE Index - Service Class TA S&P 500 Index - Service Class |
0.15% |
Annual Portfolio Company Expenses |
Minimum |
Maximum |
Expenses that are deducted from Portfolio Company assets, including management fees, distribution and/or service 12b-1 fees, Fund Facilitation Fee if applicable and other expenses |
0.29% |
1.45% |
Expenses that are deducted from Portfolio Company asset, including management fees, 12b-1 fees, Fund Facilitation Fee if applicable and other expenses, after any waivers or expense reimbursement |
0.29% |
1.41% |
1 Year |
$7,517 |
3 Years |
$22,785 |
5 Years |
$38,370 |
10 Years |
$78,748 |
1 Year |
$7,517 |
3 Years |
$22,785 |
5 Years |
$38,370 |
10 Years |
$78,748 |
Number of Years Since Annuity Commencement Date |
Surrender Charge (as a % of premium surrendered) |
0–1 |
4% |
1–2 |
3% |
2–3 |
2% |
3–4 |
1% |
more than 4 |
0% |
Incoming Payments to the Company and/or TCI | |
Underlying Fund Portfolio |
Maximum Fee % of assets |
TRANSAMERICA SERIES TRUST (“TST”) |
0.25% |
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) |
0.55% |
AB VARIABLE PRODUCTS SERIES FUND, INC. |
0.45% |
AMERICAN FUNDS INSURANCE
SERIES®
TRUST |
0.25% |
FIDELITY® VARIABLE INSURANCE PRODUCTS FUND |
0.395% |
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST |
0.50% |
STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC. |
0.45% |
JANUS ASPEN SERIES |
0.35% |
MFS® VARIABLE INSURANCE TRUST |
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,
plus up to 2%, |
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 |
“Base Policy” Death Benefit |
Pays Return of Premium death
benefit equal to total premium
payments (less any adjusted
withdrawals). |
Standard |
1.70% annually of
average Subaccount
value |
●Available only at purchase. ●Cannot change death benefit
once elected.
●Not available if You or Annuitant is 86 or older on Policy Date. ●Will be in effect if no
optional death benefit is
elected when you purchase
your policy.
●Withdrawals can significantly reduce benefit value or terminate benefit. ●Terminates upon
Annuitization.
●May not be available in all states. |
Double Enhanced
Death Benefit |
Pays the greater of 6% Annually
Compounding death benefit or
Monthly Step-Up death benefit. |
Optional |
0.65% annually of
average Separate
Account Value |
●This benefit is no longer
available.
●Was available only at purchase. ●Could not be combined with
an active Guaranteed Living
Withdrawal Benefit or
Guaranteed Minimum
Income Benefit rider.
●Cannot change death benefit once elected. ●Was 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.
●The 6% Annually Compounding and Monthly Step-Up is calculated through age 80. ●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 |
0.20% annually of
average Separate
Account Value |
●This benefit is no longer available. ●Was available only at
purchase.
●Cannot change death benefit once elected. ●Was not available if You or
Annuitant is 76 or older on
Policy Date.
●Withdrawals can significantly reduce benefit value or terminate benefit. ●”Step-Up” ends on Policy
Anniversary prior to Your
81st birthday.
●The Step-Up is calculated through age 80. ●Terminates upon
Annuitization.
●May not be available in all states. |
Additional Death
DistributionSM |
Can pay an additional benefit at
time of death to help alleviate
the burden of taxes. |
Optional |
0.25% - annually as a
percentage of Policy
Value |
●This rider is no longer available. ●Was available for issue ages
through 80 (unless state law
requires a lower maximum
issue age.
●Not available in all states. |
Additional Death
DistributionSM
2003 |
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 the 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
Withdrawal Option |
Waives Surrender Charges and
Excess Interest Adjustments if
You or spouse 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 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 in accordance with
Your allocation instructions in
order, on average, to buy more
Accumulation Units when
prices are low and fewer
Accumulation Units when
prices are high. |
Standard |
No charge |
●Traditional – A minimum of $500 per transfer is required. ●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. |
Initial Payment
Guarantee |
At the time of annuitization
guarantees annually stabilized
payments will never be less than
a percentage of the initial
variable annuity payment at the
time you Annuitize. |
Optional |
1.25% of the daily
net asset value |
●Available at time of
annuitization.
●Payments are stabilized throughout each Policy year. ●The option is irrevocable.
●May not be available in all states. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Family Income
Protector |
This is a Guaranteed Minimum
Income Benefit rider that
assures you of a minimum level
of income in the future. |
Optional |
Prior to
Annuitization
(Accumulation
Phase)
Base fee is 0.30% of
the minimum
annuitization value
After Annuitization
(Income Phase)
Guaranteed
Minimum Payment
Fee is
1.25% of the daily
net asset value in the
separate account |
●This rider is no longer available. ●Was only available for
contracts issued after
December of 2000 and prior
to February of 2002.
●Was available for issue age 0-80 (unless state law requires a lower maximum issue age). ●Guarantees a minimum
Annuitization value that you
will have to apply to a
payment option.
●Growth rate of the minimum Annuitization value currently at 6% but will never be less than 3%. ●Once issued the growth rate
will not change for the life of
the rider. |
Managed Annuity
Program |
This is a Guaranteed Minimum
Income Benefit rider that
assures you of a minimum level
of income in the future. |
Optional |
Prior to
Annuitization
(Accumulation
Phase)
Base fee is 0.45% of
the minimum
income base
After Annuitization
(Income Phase)
Guaranteed
Minimum Payment
Fee is
1.25% of the daily
net asset value in the
separate account |
●This rider is no longer
available.
●Was only available for contracts issued after March of 2001 and prior to January of 2003. ●Available for issue age 0-90
(unless state law requires a
lower maximum issue age).
●Guarantees a minimum Annuitization value that you will have to apply to a payment option. ●Growth rate of the minimum
Annuitization value currently
at 6% but will never be less
than 3%.
●Once issued the growth rate will not change for the life of the rider. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Managed Annuity
Program II |
This is a Guaranteed Minimum
Income Benefit rider that
assures you of a minimum level
of income in the future. |
Optional |
Prior to
Annuitization
(Accumulation
Phase)
Base fee is 0.45% of
the minimum
income base
After Annuitization
(Income Phase)
Guaranteed
Minimum Payment
Fee is
1.25% of the daily
net asset value in the
Separate Account |
●This rider is no longer available. ●Was only available for
contracts issued after
September of 2002 and prior
to January of 2003.
●Was available for issue age 0-84 (unless state law requires a lower maximum issue age). ●Guarantees a minimum
Annuitization value that you
will have to apply to a
payment option.
●Growth rate of the minimum Annuitization value currently at 5% but could be as low as 0%. ●Once issued the growth rate
will not change for the life of
the rider. |
5 for LifeSM |
Guaranteed Lifetime
Withdrawal Benefit rider that
guarantees withdrawals for the
Annuitant’s lifetime, regardless
of Policy Value. |
Optional |
1.35% - annually as a
percentage of the
total withdrawal base |
●This rider is no longer
available.
●Was available for issue age 0-90 (unless state law requires a lower maximum issue age). ●Could not be added to a
Policy with another active
Guaranteed Minimum Living
Benefit or Guaranteed
Minimum Income Benefit
Rider.
●Could not be added on policies with Growth or Double Enhanced Death Benefits. ●Was not available on qualified
annuity which has been
continued by surviving
spouse of beneficiary as new
Owner. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
5 for LifeSM
with Growth or 5 for LifeSM
with Growth and
Death |
Guaranteed Lifetime
Withdrawal Benefit rider that
guarantees withdrawals for the
Annuitant’s lifetime, regardless
of Policy Value. |
Optional |
Growth Only - 1.35% annually as a percentage of the total withdrawal base Growth and Death -
1.60% annually as a
percentage of the
total withdrawal base |
●This rider is no longer
available.
●Was available for issue age at least 55 years old and not yet age 81 (unless state law requires a lower maximum issue age). ●Could not be added to a
Policy with another active
Guaranteed Minimum Living
Benefit or Guaranteed
Minimum Income Benefit
Rider.
●Could not be added on policies with Growth or Double Enhanced Death Benefits. ●Was not available on qualified
annuity which has been
continued by surviving
spouse of beneficiary as new
Owner. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Living Benefit Rider
2003 |
Provides combination
guaranteed minimum
accumulation benefit and
Guaranteed Lifetime
Withdrawal Benefit. |
Optional |
0.75% 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 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 |
Living Benefit Rider
2004 |
Provides combination
guaranteed minimum
accumulation benefit and
Guaranteed Lifetime
Withdrawal Benefit. |
Optional |
0.90% 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 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 |
Living Benefit Rider
2005 (Also known as
Guaranteed Principal
SolutionSM
rider |
Provides combination
guaranteed minimum
accumulation benefit and
Guaranteed Lifetime
Withdrawal Benefit. |
Optional |
1.25% 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 Riders, or with Inherited IRA policies. ●Was available for Annuitant
issue ages 0-80 (unless state
law requires a lower
maximum issue age.
●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 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 |
Income SelectSM
for Life rider |
Guarantees withdrawals for
Annuitant’s (or Annuitant’s
spouse if younger and joint life
option is elected) lifetime
regardless of Policy Value. |
Optional |
Single Life Base Fee
-
1.15% annually as a
percentage of the
total withdrawal base
Additional Options
(fees added to base
fee)
0.25% for Growth
Benefit
0.25% for Death
Benefit
0.15% for Income
Enhancement
Joint Life Base Fee - 1.35% annually as a percentage of the total withdrawal base Additional Options (fees added to base fee) 0.50% for Growth Benefit 0.20% for Death Benefit 0.30% for Income Enhancement |
●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 Riders, or with Inherited IRA policies. ●Was available for Annuitant
issue ages 55-80 (unless state
law requires a lower
maximum issue age.
●Joint Life options available subject to certain restrictions and differences, including right to charge higher fee and provide lower annual withdrawal amounts. ●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® |
Guarantees withdrawals for
Annuitant’s (or Annuitant’s
spouse if younger and joint life
option is elected) lifetime
regardless of Policy Value. |
Optional |
Single Life Base Fee
-
2.10% annually as a
percentage of the
withdrawal base
Additional Options
(fees added to base
fee)
0.25% for Death
Benefit
0.15% for Income
Enhancement
Joint Life Base Fee - 2.40% annually as a percentage of the withdrawal base Additional Options (fees added to base fee) 0.20% for Death Benefit 0.30% for Income Enhancement |
●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 (unless state law
requires a lower maximum
issue age.
●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.
●The Income Enhancement Option subject to qualifying conditions. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Retirement Income
Choice® with Double
Withdrawal Base
Benefit |
Guarantees withdrawals for
Annuitant’s (or Annuitant’s
spouse if younger and joint life
option is elected) lifetime
regardless of Policy Value. |
Optional |
Single and Joint
Life Base Fees
2.40% annually as a
percentage of the
total withdrawal base
Single Life
Additional Options
(fees added to base
fee)
0.25% for Death
Benefit
0.15% for Income
Enhancement
Joint Life
Additional Options
(fees added to base
fee)
0.20% for Death
Benefit
0.30% for Income
Enhancement |
●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 (unless state law
requires a lower maximum
issue age.
●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.
●The Income Enhancement Option subject to qualifying conditions. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Retirement Income
Choice® 1.4
|
Guarantees withdrawals for
Annuitant’s (or Annuitant’s
spouse if younger and joint life
option is elected) lifetime
regardless of Policy Value. |
Optional |
Base Benefit Fees: 2.30% Designated Fund Group A 1.85% Designated Fund Group B 1.45% Designated Fund Group C Additional Option Fees 0.40% Death Benefit Single Life 0.35% Death Benefit Joint Life 0.30% Income Enhancement Single Life 0.50% Income Enhancement Joint Life |
●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 (unless state law
requires a lower maximum
issue age.
●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.
●The Income Enhancement Option subject to qualifying conditions. |
Name of Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions/Limitations |
Retirement Income
Choice® 1.2
|
Guarantees withdrawals for
Annuitant’s (or Annuitant’s
spouse if younger and joint life
option is elected) lifetime
regardless of Policy Value. |
Optional |
Base Benefit Fees: 2.30% Designated Fund Group A 1.85% Designated Fund Group B 1.45% Designated Fund Group C Additional Option Fees 0.40% Death Benefit Single Life 0.35% Death Benefit Joint Life 0.30% Income Enhancement Single Life 0.50% Income Enhancement Joint Life |
●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 Riders, or with Inherited IRA policies. ●Was available for Annuitant
issue ages 0-85 (unless state
law requires a lower
maximum issue age.
●Benefit subject to Investment Restrictions including Open Allocation Method (“OAM”). ●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.
●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 |
2.00% annually of
the 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
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 |
2.30% annually of
the Withdrawal Base
0.40% Death Benefit
(Single Life)
0.35% Death
Benefit(Joint Life)
0.30% Income
Enhancement (Single
Life)
0.50% Income
Enhancement (Joint
Life) |
●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.
●The Income Enhancement Option subject to qualifying conditions, including conditions related to the hospital and/or nursing home stay. |
Abbreviation |
Definition |
ADB |
Additional Death Benefit |
ADD |
Additional Death Distribution |
ADD+ |
Additional Death Distribution Plus |
DB |
Death Benefit |
DCA |
Dollar Cost Averaging |
FIP |
Family Income Protector |
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 |
GPO |
Guaranteed Period Option |
GPS |
Guaranteed Principal SolutionSM
|
IE |
Income EnhancementSM
|
MAP |
Managed Annuity Program |
Abbreviation |
Definition |
MAV |
Minimum Annuitization Value |
MAWA |
Maximum Annual Withdrawal Amount |
MIB |
Minimum Income Base |
MRWA |
Minimum Remaining Withdrawal Amount |
N/A |
Not Applicable |
OAM |
Open Allocation Method |
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 |
Family Income Protector |
Managed Annuity Program |
Managed Annuity Program II |
Rider Form Number1 |
RGMI 1 798 |
RGMI 15 0301 |
RGMI 21 0902 |
Purpose of Rider |
●This is a GMIB rider. ●Assures You of a minimum level of income in the future by guaranteeing a MAV that You will have to apply to a payment option. ●Growth rate for MAV is currently at 6% but will never be less than 3%. ●Once rider is issued, the annual growth rate will not change during the life of a rider. ●The rider also guarantees a minimum amount for those payments once You begin to receive them. |
●This is a GMIB rider. ●Assures You of a minimum level of income in the future by guaranteeing a MIB that You will have to apply to a payment option. ●Growth rate for MIB is 6% but will never be less than 3% ●Once rider is issued, the annual growth rate will not change during the life of a rider. ●The rider also guarantees a minimum amount for those payments once You begin to receive them. |
●This is a GMIB rider. ●Assures You of a minimum level of income in the future by guaranteeing a MIB that You will have to apply to a payment option. ●Growth rate for MIB is 5% but there is no guaranteed minimum growth rate for the rider and it could be as low as 0% ●Once rider is issued, the annual
growth rate will not change during
the life of a rider. ●The rider also guarantees a minimum amount for those payments once You begin to receive them. |
Rider Name |
Family Income Protector |
Managed Annuity Program |
Managed Annuity Program II |
Rider Form Number1 |
RGMI 1 798 |
RGMI 15 0301 |
RGMI 21 0902 |
Availability |
●Issue age 0-80, but not yet 81 years old (unless state law requires a lower maximum issue age) ●If You terminate the FIP rider (except pursuant to an upgrade) You cannot re-elect the rider. ●Available on contracts issued after December of 2000 and prior to February of 2002. NOTE: As of February 2002, no new
issues of this rider are allowed. This
does not change any of the other terms
and conditions of the FIP riders issued
before February of 2002. |
●Issue age 0-90, but not yet 91 years old (unless state law requires a lower maximum issue age) ●If You terminate the MAP (except pursuant to an upgrade) You cannot re-elect the rider. ●Available on contracts issued after March of 2001 and prior to January of 2003. NOTE: As of January 24, 2003, no
new issues of this rider are allowed.
This does not change any of the other
terms and conditions of any MAP
riders added on or before January 24,
2003. |
●Issue age 0-84, but not yet 85 years old (unless state law requires a lower maximum issue age) ●If You terminate the MAP II (except pursuant to an upgrade) You cannot re-elect the rider. ●Available on contracts issued after September of 2002 and prior to January of 2003. NOTE: As of January 24, 2003, no
new issues of this rider are allowed.
This does not change any of the other
terms and conditions of any MAP II
riders added on or before January 24,
2003. |
Base Benefit and Optional Fees |
Prior to Annuitization
(Accumulation Phase)
Base fee is 0.30% of the MAV
After Annuitization (Income Phase)
Guaranteed Minimum Payment Fee is
1.25% of the daily net asset value in
the Separate Account. |
Prior to Annuitization
(Accumulation Phase)
Base fee is 0.45% of the MIB
After Annuitization (Income Phase)
Guaranteed Minimum Payment Fee is
1.25% of the daily net asset value in
the Separate Account. |
Prior to Annuitization
(Accumulation Phase)
Currently 0.45% of the MIB
After Annuitization (Income Phase)
Guaranteed Minimum Payment Fee is
1.25% of the daily net asset value in
the Separate Account. |
Fee Frequency |
●The rider fee is charged annually on the rider date prior to Annuitization. ●Fee is also assessed at time of total surrender of the annuity, or Annuitization. ●The rider fee is waived if the Policy Value is greater than 200% of the MAV. |
●The rider fee is charged annually on the rider date prior to Annuitization. ●Fee is also assessed at time of total surrender of the annuity, or Annuitization. ●The rider fee is waived if the Policy Value is greater than 200% of the MIB. |
●The rider fee is charged annually on the rider date prior to Annuitization. ●Fee is also assessed at time of total surrender of the annuity, or Annuitization. |
Death Benefit |
N/A |
N/A |
N/A |
Investment Restrictions and/or
Designated Funds Available |
N/A |
N/A |
N/A |
Withdrawal Benefits |
N/A |
N/A |
N/A |
Automatic Step-Up Benefit |
N/A |
N/A |
N/A |
Exercising Rider |
●Must wait a minimum of 10 years to Annuitize with the benefits of this rider. ●Once the 10-year waiting period has
been satisfied, may only Annuitize
within 30 days after any Policy
anniversary prior to the 95th
birthday in order to utilize the
benefit of the FIP. ●Annuity payments under the FIP are guaranteed to never be less than the initial payment. ●During the first year of Annuitization, each payment will be stabilized to equal the first or initial payment. ●During subsequent years, the
stabilized payment will be either
increased or decreased (never below
the initial payment), and held level
for that year. ●Settlement options available for Annuitization are: |
●May Annuitize within 30 days after any rider anniversary prior to the 95th birthday. ●If You Annuitize any time other than
30 days after any rider anniversary
prior to the 95th birthday You
cannot utilize the benefits of the
MAP. ●Annuity payments under the MAP are guaranteed to never be less than the initial payment. ●During the first year of Annuitization, each payment will be stabilized to equal the first or initial payment. ●During subsequent years, the
stabilized payment will be either
increased or decreased (never below
the initial payment), and held level
for that year. ●Settlement options available for Annuitization are: –Life Only |
●May Annuitize within 30 days after
any rider anniversary prior to the
95th birthday. ●If You Annuitize any time other than 30 days after any rider anniversary prior to the 95th birthday You cannot utilize the benefits of the MAP II. ●Annuity payments under the MAP II
are guaranteed to never be less than
the initial payment. ●During the first year of Annuitization, each payment will be stabilized to equal the first or initial payment. ●During subsequent years, the
stabilized payment will be either
increased or decreased (never below
the initial payment), and held level
for that year. ●Settlement options available for Annuitization are: –Life Only |
Rider Name |
Family Income Protector |
Managed Annuity Program |
Managed Annuity Program II |
Rider Form Number1 |
RGMI 1 798 |
RGMI 15 0301 |
RGMI 21 0902 |
|
–Life Only –Life w/10 Years Certain
–Joint Life & Full Survivor –Joint Life & Full Survivor w/10
Years Certain |
–Life w/10 Years Certain –Joint Life & Full Survivor
–Joint Life & Full Survivor w/10 Years Certain |
–Life w/10 Years Certain –Life w/20 Years Certain
–Joint Life & Full Survivor –Joint Life & Full Survivor w/10
Years Certain
–Joint Life & Full Survivor w/20 Years Certain |
Income Benefit or Other Benefit
Payout Considerations |
If You choose to Annuitize Your Policy
prior to the end of the 10-year waiting
period, you may not utilize the benefit
of the FIP rider. |
If You Annuitize using the MAP rider
before the 10th rider anniversary, the
first payment will be calculated with an
annuity factor age adjustment resulting
in lower payments than if an annuity
factor age adjustment was not used.
The age adjustment shown in the table
below should be subtracted from Your
current age nearest birthday. The years
shown in the table below should be
considered complete years since the
Rider Date and the age adjustment is as
follows:
Rider YearsAge Adjustment 19
28 37
46 55
64 73
82 91
10+0 |
If You Annuitize using the MAP II
rider before the 10th rider anniversary,
the MAP II annuity income will not be
fully vested and the first payment will
be calculated with an annuity income
vesting percentage of less than 100%,
which reduces the amount of Your first
payment by up to 50%. The years
shown in the table below should be
considered complete years since the
Rider Date and the income vesting
schedule is as follows:
Rider YearsVesting % 150%
255% 360%
465% 570%
675% 780%
885% 990%
10100% |
Rider Upgrade |
●Can upgrade the rider within 30 days after any Policy anniversary, prior to the Annuitant's 85th birthday. ●The old rider is terminated, and the new rider is issued. ●New rider is issued using the current Policy Value, and not the original premium. ●The policyholder upgrades to whatever rider is available at the time of the upgrade, including any charges and features. ●Effective between February of 2002 and May of 2003 the rider available for upgrade was the MAP. ●Effective since May of 2003 the rider available for upgrade is the MAP II. |
●Can upgrade any time after the first Rider Anniversary and prior to the Annuitant's 91st birthday. ●The old rider is terminated, and the new rider is issued. ●New rider is issued using the current Policy Value, and not the original premium. ●The policyholder upgrades to whatever rider is available at the time of the upgrade, including any charges and features. ●Effective May of 2003 the only rider available for upgrade is the MAP II. |
●Can upgrade any time within 30 days after any Rider Anniversary prior to the Annuitant's 85th birthday. ●The old rider is terminated, and the
new rider is issued. ●New rider is issued using the current Policy Value, and not the original premium. ●The policyholder upgrades to
whatever rider is available at the time
of upgrade, including all its charges
and features. |
Rider Termination |
The rider is irrevocable and cannot be
terminated upon request. The rider
however can be terminated upon the
earliest of the following: ●Annuitization (You will still get guaranteed minimum stabilized payments if You Annuitize using the MAV under the FIP); ●upgrade (although a new rider will be issued); ●termination of Your Policy; or ●30 days after the Rider Anniversary after Your 94th birthday (earlier if required by state law). |
The rider will terminate upon the
earliest of the following: ●the date we receive Written Notice from You requesting termination of the MAP (You may not terminate the rider before the first rider anniversary); ●Annuitization (You will still get guaranteed minimum stabilized payments if You Annuitize using the MIB under the MAP); ●upgrade (although a new rider will be issued); ●termination of Your Policy; or |
The rider will terminate upon the earliest of the following: ●the date we receive Written Notice from You requesting termination of the MAP II (You may not terminate the rider before the first rider anniversary); ●Annuitization (You will still get
guaranteed minimum stabilized
payments if You Annuitize using the
MIB under the MAP II); ●upgrade (although a new rider will be issued); ●termination of Your Policy; or |
Rider Name |
Family Income Protector |
Managed Annuity Program |
Managed Annuity Program II |
Rider Form Number1 |
RGMI 1 798 |
RGMI 15 0301 |
RGMI 21 0902 |
|
|
●30 days after the Rider Anniversary after Your 94th birthday (earlier if required by state law). |
●30 days after the Rider Anniversary
after Your 94th birthday (earlier if
required by state law). |
Rider Name |
Additional Death Benefit |
Additional Death Distribution 2003 |
Additional Death Distribution + |
Rider Form Number1 |
RTP 1 201 |
RTP 18 0103
ICC12 RTP 170513 |
RTP 17 0103
ICC12 RTP 180513 |
Purpose of Rider |
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. |
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 0-80, but not yet 81 years old (unless state law requires a lower maximum issue age) ●Not available in all states. |
●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 Policy Value - 0.25% |
Percentage of Policy Value – 0.25% |
Percentage of Policy Value – 0.55% |
Fee Frequency |
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. |
Assessed each rider anniversary and at
rider termination and equal to the
policy value multiplied by rider fee
percentage. |
Death Benefit |
Amount is paid whenever a death
benefit is paid and the rider is attached. ●amount paid=ADB Factor x Rider Earnings* ●ADB Factor - 40% for issue ages 0-70 and 25% for issue ages 71-80. *Rider earnings are defined as: –the death proceeds of the base
policy; 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
ADB rider if there are no rider earnings
on the date the death benefit is
calculated. |
Amount is paid whenever a death
benefit is paid and the rider is attached. ●Amount paid=ADB Factor x Rider Earnings* ●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. |
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. ●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. |
Investment Restrictions and/or
Designated Funds Available |
N/A |
N/A |
N/A |
Withdrawal Benefits |
N/A |
N/A |
N/A |
Automatic Step-Up Benefit |
N/A |
N/A |
N/A |
Exercising Rider |
No further action required to exercise
the rider. |
No further action required to exercise
the rider. |
No further action required to exercise
the rider. |
Income Benefit or Other Benefit
Payout Considerations |
Spousal Continuation:
If a spouse is eligible to and elects to
continue the policy as the new owner |
N/A |
N/A |
Rider Name |
Additional Death Benefit |
Additional Death Distribution 2003 |
Additional Death Distribution + |
Rider Form Number1 |
RTP 1 201 |
RTP 18 0103
ICC12 RTP 170513 |
RTP 17 0103
ICC12 RTP 180513 |
|
instead of receiving a death benefit and
Additional Death Benefit, the spouse
will generally receive a one-time policy
value increase equal to the Additional
Death Benefit. At this time the rider
will terminate. |
|
|
Rider Upgrade |
N/A |
N/A |
N/A |
Rider Termination |
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 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 |
Living Benefit Rider 2003 |
Living Benefit Rider 2004 |
Guaranteed Principal Solutions
Rider (2005)3 |
Rider Form Number1 |
RGMB 1 0603 (2003) |
RGMB 4 0504 (2004) |
RGMB 4 0504 |
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
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. |
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
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. |
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
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. |
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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●Not available on qualified annuity which has been continued by surviving spouse or beneficiary as a new Owner. **Effective 5/1/2005: This rider is only available for states that have not approved the 2005 version of the Living Benefit Rider. |
●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●Not available on qualified annuity which has been continued by surviving spouse or beneficiary as a new Owner. **Effective 5/1/2005: This rider is only available for states that have not approved the 2005 version of the Living Benefit Rider. |
●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. |
Base Benefit and Optional Fees at
issue |
Percentage of “Principal Back” TWB -
0.75% |
Percentage of “Principal Back” TWB -
0.90% (5/1/2009 - 11/3/13) Percentage of “Principal Back” TWB - 0.60% (prior to 5/1/2009) |
Percentage of “Principal Back” TWB - 1.25% |
Rider Name |
Living Benefit Rider 2003 |
Living Benefit Rider 2004 |
Guaranteed Principal Solutions
Rider (2005)3 |
Rider Form Number1 |
RGMB 1 0603 (2003) |
RGMB 4 0504 (2004) |
RGMB 4 0504 |
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. |
●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. |
●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. |
Death Benefit |
N/A |
N/A |
N/A |
Designated Funds Available -
Policyholders who add these riders may
only invest in the Investment Options
listed. Investment Options may not be
available as 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 Portfolio
Companies Available Under the
Policy Appendix in Your prospectus for available funds. You cannot transfer any amount to any other non-designated Subaccount without losing all Your benefits under this rider. |
All funds within the product are
considered designated funds for this
purpose. You must, however, adhere to
the Portfolio Allocation Method. See
below. |
All funds within the product are
considered designated funds for this
purpose. You must, however, adhere to
the Portfolio Allocation Method. See
below. |
All funds within the product are
considered designated funds for this
purpose. You must, however, adhere to
the Portfolio Allocation Method. See
below. |
Allocation Methods |
Portfolio Allocation Method (PAM): ●This program will automatically
allocate assets from the
policyholder's Separate Accounts 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 Separate Accounts (pro-rata based on the policyholder's current Separate Account 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 |
Portfolio Allocation Method (PAM): ●This program will automatically
allocate assets from the
policyholder's Separate Accounts 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 Separate Accounts (pro-rata based on the policyholder's current Separate Account 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 |
Portfolio Allocation Method (PAM): ●This program will automatically
allocate assets from the
policyholder's Separate Accounts 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 Separate Accounts (pro-rata based on the policyholder's current Separate Account 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 |
Withdrawal Benefits - See Living Benefits Rider Adjusted Partial Withdrawals 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 |
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 |
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 |
Rider Name |
Living Benefit Rider 2003 |
Living Benefit Rider 2004 |
Guaranteed Principal Solutions
Rider (2005)3 |
Rider Form Number1 |
RGMB 1 0603 (2003) |
RGMB 4 0504 (2004) |
RGMB 4 0504 |
|
guarantees will be calculated
indefinitely as follows:
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. |
guarantees will be calculated
indefinitely as follows:
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. |
guarantees will be calculated
indefinitely as follows:
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. |
Automatic Step-Up Benefit |
N/A |
N/A |
N/A |
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” 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. |
“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” 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. |
“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” 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. |
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% |
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% |
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% |
Rider Name |
Living Benefit Rider 2003 |
Living Benefit Rider 2004 |
Guaranteed Principal Solutions
Rider (2005)3 |
Rider Form Number1 |
RGMB 1 0603 (2003) |
RGMB 4 0504 (2004) |
RGMB 4 0504 |
|
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. |
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. |
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. |
Rider Upgrade |
Rider upgrades are not available. |
●May upgrade any time after the
5th
Anniversary by terminating the rider
and adding the new rider in place at
that time, as long as 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. |
●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 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 Termination |
●The rider will be terminated upon Policy surrender, Annuitization or upgrade. ●The policyholder must wait 5 years
from the Rider Start Date to
terminate. ●After the five-year waiting period, the policyholder may terminate the rider at any time. ●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 or upgrade. ●The policyholder must wait 5 years
from the Rider Start Date to
terminate. ●After the five-year waiting period, the policyholder may terminate the rider at any time. ●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 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 an excess withdrawal reduces Your Policy Value to zero, or we receive Written Notice from You requesting termination. |
Rider Name |
5 For LifeSM3 |
5 For LifeSM with Growth
5 For LifeSM with Growth and
Death3 |
Income SelectSM for Life3 |
Rider Form Number1 |
RGMB 12 0105 |
RGMB 14 0905 (Growth Only)
RGMB 15 0905 (Growth and Death) |
RGMB 18 0106 (w/o IE)
RGMB 20 0106 (with IE) |
Purpose of Rider |
This is a GLWB Rider that guarantees
withdrawals for the Annuitant's
lifetime, regardless of Policy Value. ●The policyholder can withdraw the MAWA each calendar year until the death of the Annuitant. ●This benefit is intended to provide a level of payments regardless of the performance of the designated variable Investment Options You select. |
This is a GLWB Rider that guarantees
withdrawals for the Annuitant's
lifetime, regardless of Policy Value. ●The policyholder can withdraw the MAWA each calendar year until the death of the Annuitant. ●This benefit is intended to provide a level of payments regardless of the performance of the designated variable Investment Options You select. |
This is a GLWB rider that guarantees
withdrawals for the Annuitant's2
lifetime, regardless of Policy Value. ●The policyholder can withdraw the MAWA each year until the death of the Annuitant.2
●This benefit is intended to provide a
level of payments regardless of the
performance of the designated
variable Investment Options You
select. |
Availability |
●Issue age 0-90, but not yet 91 years old (unless state law requires a lower maximum issue age) |
●Issue age at least 55 years old and not yet 81 years old (unless state law requires a lower maximum issue age) |
●Issue age 0-85, but not yet 86 years
old (unless state law requires a lower
maximum issue age) |
Rider Name |
5 For LifeSM3 |
5 For LifeSM with Growth
5 For LifeSM with Growth and
Death3 |
Income SelectSM for Life3 |
Rider Form Number1 |
RGMB 12 0105 |
RGMB 14 0905 (Growth Only)
RGMB 15 0905 (Growth and Death) |
RGMB 18 0106 (w/o IE)
RGMB 20 0106 (with IE) |
|
●Single Annuitant ONLY. Annuitant must be an Owner (unless Owner is a non-natural person, trust or custodial. ●Maximum of 2 living Joint Owners (with one being the Annuitant). ●Cannot be added to a Policy with other active GMLB or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●Not available on qualified annuity which has been continued by surviving spouse or beneficiary as a new Owner. |
●Single Annuitant ONLY. Annuitant must be an Owner (unless Owner is a non-natural person, trust or custodial). ●Maximum of 2 living Joint Owners (with one being the Annuitant). ●Cannot be added to a Policy with other active GMLB or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●Not available on qualified annuity which has been continued by surviving spouse or beneficiary as a new Owner. |
●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●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 TWB - 0.60% (prior to 11/4/13) |
Growth Only - Percentage of TWB - 0.60% (prior to 11/4/13)
Growth and Death - Percentage of TWB - 0.85% (prior to 11/4/13) |
Percentage of the TWB. Additional
option fees would be added to the base.
Single Life
(5/1/07 - 11/3/13)
Base Fee0.40% Growth Benefit Fee0.25%
DB Fee0.25% IE Benefit Fee0.15%
(prior to 5/1/07)
Base Fee0.40% Growth Benefit Fee0.25%
DB Fee0.25% IE Benefit Fee0.10%
Joint Life
(5/1/07 - 11/3/13)
Base Fee0.60% Growth Benefit Fee0.50%
DB Fee0.20% IE Benefit Fee0.30%
(prior to 5/1/07)
Base Fee0.60% Growth Benefit Fee0.50%
DB Fee0.20% IE Benefit Fee0.20% |
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. |
●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. |
●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. |
Death Benefit |
Upon the death of the Annuitant this
rider will pay an additional death
benefit amount equal to the excess, if
any, of the MRWA over the base Policy
death benefit and then this rider will
terminate. |
●Growth Only - N/A ●Growth and Death - Upon the
death of an Annuitant this rider will
pay an additional death benefit
amount equal to the excess, if any, of
the MRWA over the base Policy
death benefit and then this rider will
terminate. |
For an additional fee, the optional
death benefit may be elected with this
rider. Upon the death of the
Annuitant2, this rider will pay an
additional death benefit amount equal
to the excess, if any, of the MRWA over
the base Policy death benefit and then
this rider will terminate. |
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 |
TA BlackRock Government Money
Market
TA JPMorgan Asset Allocation -
Conservative
TA JPMorgan Asset Allocation -
Moderate |
TA BlackRock Government Money
Market
TA JPMorgan Asset Allocation -
Conservative
TA JPMorgan Asset Allocation -
Moderate |
TA BlackRock Government Money Market TA JPMorgan Asset Allocation - Conservative TA JPMorgan Asset Allocation - Moderate |
Rider Name |
5 For LifeSM3 |
5 For LifeSM with Growth
5 For LifeSM with Growth and
Death3 |
Income SelectSM for Life3 |
Rider Form Number1 |
RGMB 12 0105 |
RGMB 14 0905 (Growth Only)
RGMB 15 0905 (Growth and Death) |
RGMB 18 0106 (w/o IE)
RGMB 20 0106 (with IE) |
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 Appendix -
Portfolios Companies Available
Under The Policy 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 JPMorgan Asset Allocation -
Growth
TA JPMorgan International Moderate
Growth
TA Multi-Managed Balanced
Fixed Account GPOs or DCA
Accounts |
TA JPMorgan Asset Allocation -
Growth
TA JPMorgan International Moderate
Growth
TA Multi-Managed Balanced
Fixed Account GPOs or DCA
Accounts |
TA JPMorgan Asset Allocation -
Moderate Growth
TA JPMorgan International Moderate
Growth
TA Multi-Managed Balanced
Fixed Account GPOs or DCA
Accounts |
Withdrawal Benefits - See Appendix -
Hypothetical Adjusted Partial
Withdrawals - Guaranteed Lifetime
Withdrawal Benefit Riders for examples showing the effect of withdrawals on the WB. |
The MAWA that can be withdrawn per
calendar year under this rider is equal
to the TWB multiplied by the For Life
Withdrawal Percentage. ●Starting with January 1st following the Annuitant's 59th birthday, the withdrawal percentage increases above 0% which creates a MAWA available under the rider for withdrawal. ●On each January 1st the MAWA will be reset equal to the greater of: 1)The For Life TWB multiplied by
the Withdrawal Percentage, and
2)The RMD amount for this Policy for the current calendar 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. |
The MAWA that can be withdrawn per
calendar year under this rider is equal
to the TWB multiplied by the For Life
Withdrawal Percentage. ●Starting with January 1st following the Annuitant's 59th birthday, the withdrawal percentage increases above 0% which creates a MAWA available under the rider for withdrawal. ●On each January 1st the MAWA will be reset equal to the greater of: 1)The For Life TWB multiplied by
the Withdrawal Percentage, and
2)The RMD amount for this Policy for the current calendar 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. |
The MAWA that can be withdrawn per
calendar year under this rider is equal
to the TWB multiplied by the For Life
Withdrawal Percentage based on the
Annuitant's2 attained age at the time of
the first withdrawal. ●Starting with January 1st following the Annuitant's259th birthday, the withdrawal percentage increases above 0% which creates a MAWA available under the rider for withdrawal. ●On each January 1st following the Rider Date, the MAWA will be reset equal to the greater of: 1)The For Life TWB multiplied by
the For Life Withdrawal
Percentage based on the
Annuitant's2 attained age, and
2)The RMD amount for this Policy for the current calendar 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. |
Automatic Step-Up Benefit |
N/A |
N/A |
N/A |
Exercising Rider |
●The policyholder is guaranteed to be able to withdraw up to the MAWA each calendar year even if the Policy Value is zero at the time of the withdrawal. ●If the Policy Value goes to zero, but the minimum withdrawal benefits are still guaranteed, the policyholder can no longer add premiums or take withdrawals in excess of the MAWA. |
●The policyholder is guaranteed to be able to withdraw up to the MAWA each calendar year even if the Policy Value is zero at the time of the withdrawal. ●If the Policy Value goes to zero, but the minimum withdrawal benefits are still guaranteed, the policyholder can no longer add premiums or take withdrawals in excess of the MAWA. |
Exercising Base Benefit: The
policyholder is guaranteed to be able to
withdraw up to the MAWA each
calendar year even if the Policy Value is
zero at the time of withdrawal. The
rider benefits cease when the
Annuitant2 has died.
Exercising Death Option: This optional feature may be elected with this rider. Upon the death of an Annuitant2 this rider will pay an additional death benefit amount equal |
Rider Name |
5 For LifeSM3 |
5 For LifeSM with Growth
5 For LifeSM with Growth and
Death3 |
Income SelectSM for Life3 |
Rider Form Number1 |
RGMB 12 0105 |
RGMB 14 0905 (Growth Only)
RGMB 15 0905 (Growth and Death) |
RGMB 18 0106 (w/o IE)
RGMB 20 0106 (with IE) |
|
●The rider benefits cease when the Annuitant has died (the withdrawals do not continue for the lifetime of any spouse who continues the Policy when the original Annuitant dies). |
●The rider benefits cease when the Annuitant has died (the withdrawals do not continue for the lifetime of any spouse who continues the Policy when the original Annuitant dies). |
to the excess, if any, of the MRWA over
the base Policy death benefit.
Exercising the Income Enhancement
Option: 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
impairment; does not include
dementia, Alzheimer's or other forms
of mental illness.
–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 |
N/A |
Growth: The TWB will accumulate using the growth rate of 5% until the earlier of the first withdrawal or the 10th rider anniversary. |
Growth: This optional feature rewards the policyholder for delaying their first withdrawal. The TWB will accumulate using the growth rate of 5% until the earlier of the first withdrawal or the 10th rider anniversary. The income benefit percentage is determined by the Annuitant's age at the time of the first withdrawal taken on or after January 1st following the Annuitant's 59th birthday. The income benefit percentage is as follows: Age 1st WDFor
Life WD% 55-580.0% 59-644.5%
65-695.0% 70-745.5%
75-796.0% 80-846.5%
85-897.0% 90-947.5%
95+8.0% Please note that once established at the time of the first withdrawal, the income benefit percentage will not increase even though the Annuitant's age increases. |
Rider Upgrade |
●May upgrade their rider anytime after the 3rd anniversary as long as the Annuitant meets age requirements in effect at that time. ●Upgrades are subject to issue age restrictions of the rider at the time of upgrade. Currently the maximum upgrade age is 90 years old. |
●May upgrade their rider anytime after the 3rd anniversary as long as the Annuitant meets age requirements in effect at that time. ●Upgrades are subject to issue age restrictions of the rider at the time of upgrade. Currently the maximum upgrade age is 81 years old. |
●Upgrades allowed within 30 day
window following the 1st rider
anniversary and each rider
anniversary thereafter. ●Upgrades are subject to issue age restrictions of the rider at the time of upgrade. Currently the maximum upgrade age is 81 years old. |
Rider Name |
5 For LifeSM3 |
5 For LifeSM with Growth
5 For LifeSM with Growth and
Death3 |
Income SelectSM for Life3 |
Rider Form Number1 |
RGMB 12 0105 |
RGMB 14 0905 (Growth Only)
RGMB 15 0905 (Growth and Death) |
RGMB 18 0106 (w/o IE)
RGMB 20 0106 (with IE) |
|
●An upgrade will reset the TWB, MRWA and MAWA values. ●Rider Fee will be the fee that applies to the new rider at the time of upgrade. |
●An upgrade will reset the TWB, MRWA and MAWA values. ●Rider Fee will be the fee that applies to the new rider at the time of upgrade. |
●An upgrade will reset the MRWA, TWB, MAWA and the Income Benefit Percentage determination. ●Rider Fee will be the fee 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, Annuitant death or upgrade. ●The date the Policy to which this rider is attached is assigned or if the Owner is changed without our approval. ●The policyholder must wait 3 years
from the Rider Add 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, Annuitant death or upgrade. ●The date the Policy to which this rider is attached is assigned or if the Owner is changed without our approval. ●The policyholder must wait 3 years
from the Rider Add 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 rider
anniversary. ●The rider will be terminated the date we receive Written Notice from You requesting termination. |
Rider Name |
Retirement Income Choice® |
Retirement Income Choice® with
Double Withdrawal Base Benefit3 |
Retirement Income Choice®1.43 |
Rider Form Number1 |
RGMB 27 0108 (w/o IE)
RGMB 29 0108 (with IE) |
RGMB 31 0708 (w/o IE)
RGMB 33 0708 (with IE) |
RGMB 37 0809 (w/o IE)
RGMB 38 0809 (with IE) |
Purpose of Rider |
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 designated
variable Investment Options You
select. |
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 designated
variable Investment Options You
select. |
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 designated
variable Investment Options You
select. |
Availability |
●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. |
●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. |
●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. |
Rider Name |
Retirement Income Choice® |
Retirement Income Choice® with
Double Withdrawal Base Benefit3 |
Retirement Income Choice®1.43 |
Rider Form Number1 |
RGMB 27 0108 (w/o IE)
RGMB 29 0108 (with IE) |
RGMB 31 0708 (w/o IE)
RGMB 33 0708 (with IE) |
RGMB 37 0809 (w/o IE)
RGMB 38 0809 (with IE) |
|
●Not available on qualified annuity which has been continued by surviving spouse or beneficiary as a new Owner. |
●Not available on qualified annuity which has been continued by surviving spouse or beneficiary as a new Owner. |
●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 WB. Additional option
fees would be added to the base.
Single Life
(prior to 11/4/13)
Base Fee0.60% DB Fee0.25%
IE Benefit Fee0.15% Joint Life (prior to 11/4/13) Base Fee0.90%
DB Fee0.20% IE Benefit Fee0.30% |
Percentage of WB. Additional option
fees would be added to the base.
Single Life
(1/19/09 - 11/3/13)
Base Fee0.90% DB Fee0.25%
IE Benefit Fee0.15% (11/10/08 - 1/18/09) Base Fee0.75%
DB Fee0.25% IE Benefit Fee0.15%
Joint Life
(1/19/09 - 11/3/13)
Base Fee0.90% DB Fee0.20%
IE Benefit Fee0.30% (11/10/08 - 1/18/09) Base Fee0.75%
DB Fee0.20% IE Benefit Fee0.30% |
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.
Base Benefit Fees
(2/21/11 - 11/3/13)
Group A1.40% Group B1.00%
Group C0.45% Additional option fees would be added to the base and are as follows: DB Single Life0.25%
DB Joint Life0.20% IE Single Life0.15%
IE Joint Life0.30% Base Benefit Fees (9/21/09 - 2/2011) Group A1.25%
Group B0.90% Group C0.40%
Additional option fees would be added
to the base and are as follows:
DB Single Life0.25% DB Joint Life0.20%
IE Single Life0.15% IE Joint Life0.30% |
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. |
●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 and varies depending on the fund 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 and compare the fee for the remainder of the rider quarter to the initially calculated fee for the same period. ●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. |
Rider Name |
Retirement Income Choice® |
Retirement Income Choice® with
Double Withdrawal Base Benefit3 |
Retirement Income Choice®1.43 |
Rider Form Number1 |
RGMB 27 0108 (w/o IE)
RGMB 29 0108 (with IE) |
RGMB 31 0708 (w/o IE)
RGMB 33 0708 (with IE) |
RGMB 37 0809 (w/o IE)
RGMB 38 0809 (with IE) |
Death Benefit |
For an additional fee, the optional
death benefit may be elected with this
rider. Upon 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 base Policy death benefit and then
this rider will terminate.
The RDB does not reset due to the
automatic step-up feature. |
For an additional fee, the optional
death benefit may be elected with this
rider. Upon 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 base Policy death benefit and then
this rider will terminate.
The RDB does not reset due to the
automatic step-up feature. |
For an additional fee, the optional
death benefit may be elected with this
rider. Upon 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 base Policy death benefit and then
this rider will terminate.
The RDB does not reset due to the
automatic step-up feature. |
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 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. |
AB Balanced Hedged Allocation
Portfolio
American Funds - Asset Allocation
Fund
American Funds - The Bond Fund of
AmericaSM
Fidelity VIP Balanced Portfolio
Franklin Templeton VIP Founding
Funds Allocation Fund
State Street Total Return V.I.S. Fund
TA 60/40 Allocation
TA Aegon Bond
TA Aegon Core Bond
TA Aegon U.S. Government Securities
TA American Funds Managed Risk –
Balanced
TA BlackRock Government Money
Market
TA BlackRock Global Allocation
TA BlackRock iShares Active Asset
Allocation - Conservative
TA BlackRock iShares Active Asset
Allocation – Moderate Growth
TA BlackRock iShares Active Asset
Allocation - Moderate
TA BlackRock iShares Dynamic
Allocation – Balanced
TA BlackRock iShares Dynamic
Allocation – Growth
TA BlackRock iShares Edge 40
TA BlackRock iShares Edge 50
TA BlackRock iShares Edge 75
TA BlackRock iShares Tactical –
Balanced
TA BlackRock iShares Tactical –
Conservative
TA BlackRock iShares Tactical –
Growth
TA BlackRock Tactical Allocation
TA Goldman Sachs Managed Risk –
Balanced ETF
TA Goldman Sachs Managed Risk –
Conservative ETF
TA Goldman Sachs Managed Risk –
Growth ETF
TA Janus Balanced
TA JPMorgan Asset Allocation -
Conservative
TA JPMorgan Asset Allocation -
Moderate Growth
TA JPMorgan Asset Allocation -
Moderate
TA JPMorgan International Moderate
Growth
TA JPMorgan Tactical Allocation
TA Madison Diversified Income
TA Market Participation Strategy
TA Morgan Stanley Global Allocation
Managed Risk – Balanced |
AB Balanced Hedged Allocation
Portfolio
American Funds - Asset Allocation
Fund
American Funds - The Bond Fund of
AmericaSM
Fidelity VIP Balanced Portfolio
Franklin Templeton VIP Founding
Funds Allocation Fund
State Street Total Return V.I.S. Fund
TA 60/40 Allocation
TA Aegon Bond
TA Aegon Core Bond
TA Aegon U.S. Government Securities
TA American Funds Managed Risk –
Balanced
TA BlackRock Global Allocation
TA BlackRock Government Money
Market
TA BlackRock iShares Active Asset
Allocation - Conservative
TA BlackRock iShares Active Asset
Allocation – Moderate Growth
TA BlackRock iShares Active Asset
Allocation - Moderate
TA BlackRock iShares Dynamic
Allocation – Balanced
TA BlackRock iShares Dynamic
Allocation – Growth
TA BlackRock iShares Edge 40
TA BlackRock iShares Edge 50
TA BlackRock iShares Edge 75
TA BlackRock iShares Tactical –
Balanced
TA BlackRock iShares Tactical –
Conservative
TA BlackRock iShares Tactical –
Growth
TA BlackRock Tactical Allocation
TA Goldman Sachs Managed Risk –
Balanced ETF
TA Goldman Sachs Managed Risk –
Conservative ETF
TA Goldman Sachs Managed Risk –
Growth ETF
TA Janus Balanced
TA JPMorgan Asset Allocation -
Conservative
TA JPMorgan Asset Allocation -
Moderate Growth
TA JPMorgan Asset Allocation -
Moderate
TA JPMorgan International Moderate
Growth
TA JPMorgan Tactical Allocation
TA Madison Diversified Income
TA Market Participation Strategy
TA Morgan Stanley Global Allocation
Managed Risk – Balanced |
Designated Allocation Group A AB Balanced Hedged Allocation Portfolio American Funds - Asset Allocation Fund Fidelity VIP Balanced Portfolio Franklin Templeton VIP Founding Funds Allocation Fund State Street Total Return V.I.S. Fund TA 60/40 Allocation TA BlackRock Global Allocation TA BlackRock iShares Active Asset Allocation – Moderate Growth TA BlackRock iShares Dynamic Allocation – Growth TA BlackRock iShares Edge 75 TA BlackRock iShares Tactical – Growth TA Goldman Sachs Managed Risk – Growth ETF TA Janus Balanced TA JPMorgan Asset Allocation - Moderate Growth TA JPMorgan International Moderate Growth TA Multi-Managed Balanced Designated Allocation Group B TA American Funds Managed Risk - Balanced TA BlackRock iShares Active Asset Allocation - Moderate TA BlackRock iShares Dynamic Allocation – Balanced TA BlackRock iShares Edge 50 TA BlackRock iShares Tactical – Balanced TA BlackRock Tactical Allocation TA Goldman Sachs Managed Risk – Balanced ETF TA JPMorgan Asset Allocation – Moderate TA Madison Diversified Income TA Market Participation Strategy TA Morgan Stanley Global Allocation Managed Risk - Balanced Designated Allocation Group C American Funds - The Bond Fund of AmericaSM
TA Aegon Bond
TA Aegon Core Bond
TA Aegon U.S. Government Securities
TA BlackRock Government Money
Market
TA BlackRock iShares Active Asset
Allocation - Conservative
TA BlackRock iShares Edge 40
TA BlackRock iShares Tactical –
Conservative
TA Goldman Sachs Managed Risk – |
Rider Name |
Retirement Income Choice® |
Retirement Income Choice® with
Double Withdrawal Base Benefit3 |
Retirement Income Choice®1.43 |
Rider Form Number1 |
RGMB 27 0108 (w/o IE)
RGMB 29 0108 (with IE) |
RGMB 31 0708 (w/o IE)
RGMB 33 0708 (with IE) |
RGMB 37 0809 (w/o IE)
RGMB 38 0809 (with IE) |
|
TA Multi-Managed Balanced
TA PineBridge Inflation Opportunities
Fixed Account GPOs or DCA
Accounts |
TA Multi-Managed Balanced
TA PineBridge Inflation Opportunities
Fixed Account GPOs or DCA
Accounts |
Conservative ETF
TA JPMorgan Asset Allocation -
Conservative
TA JPMorgan Tactical Allocation
TA PineBridge Inflation Opportunities
Fixed Account |
Allocation Methods |
N/A |
N/A |
N/A |
Withdrawal Benefits - See Hypothetical Adjusted Partial Withdrawals - Guaranteed Lifetime Withdrawal Benefit Riders Appendix
for examples showing the effect of
withdrawals on the WB. |
The percentage is determined by the
attained age of the Annuitant2 at the
time of the first withdrawal.
Age 1st WDFor Life WD% 0-580.0%
59-695.0% 70-796.0%
80+7.0% ●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. |
The percentage is determined by the
attained age of the Annuitant2 at the
time of the first withdrawal.
Age 1st WDSingle Life WD% 0-580.0%
59-695.0% 70-796.0%
80+7.0% Age 1st WDJoint
Life WD% 0-580.0% 59-694.5%
70-795.5% 80+ 6.5% ●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. |
The percentage (after 2/1/2010) is
determined by the attained age of the
Annuitant2 at the time of the first
withdrawal.
Age 1st WDSingle Life WD% 0 - 580.0%
59-644.0% 65-745.0%
75 + 6.0% Age 1st WDJoint
Life WD% 0 - 580.0% 59-643.5%
65-744.5% 75 + 5.5%
NOTE: Prior to 2/1/2010 the age bands regarding the withdrawal percentages above were as follows: 0-58 59-69 70-79 80+ ●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. |
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;
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
rider 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 |
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
rider 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 |
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 |
Rider Name |
Retirement Income Choice® |
Retirement Income Choice® with
Double Withdrawal Base Benefit3 |
Retirement Income Choice®1.43 |
Rider Form Number1 |
RGMB 27 0108 (w/o IE)
RGMB 29 0108 (with IE) |
RGMB 31 0708 (w/o IE)
RGMB 33 0708 (with IE) |
RGMB 37 0809 (w/o IE)
RGMB 38 0809 (with IE) |
|
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. |
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. |
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 benefit percentage will
also increase if You have crossed into
another age band prior to an automatic
step-up after the election date. |
Exercising Rider |
Exercising Base Benefit: The policyholder is guaranteed to be able to withdraw up to the RWA each calendar year even if the Policy Value is zero at the time of withdrawal. The rider benefits cease when the
Annuitant2 has
died.
Exercising Death Option: This optional feature may be elected with this rider. Upon 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 Option: 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. |
Exercising Base Benefit: The policyholder is guaranteed to be able to withdraw up to the RWA each calendar year even if the Policy Value is zero at the time of withdrawal. The rider benefits cease when the
Annuitant2 has
died.
Exercising Death Option: This optional feature may be elected with this rider. Upon 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 Option: 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. |
Exercising Base Benefit: The policyholder is guaranteed to be able to withdraw up to the RWA each rider year even if the Policy Value is zero at the time of withdrawal. The rider benefits cease when the
Annuitant2 has
died.
Exercising Death Option: This optional feature may be elected with this rider. Upon 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 Option: 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 |
Growth: Benefit is not elected separately but is built into the rider. The WB will grow at 5% growth annually. This will only be credited on the rider anniversary for up to 10 rider years. If a withdrawal has occurred in the current rider year the 5% growth will not be applied. NOTE: There is not an adjustment or
credit for partial years of interest. |
Growth: Benefit is not elected separately but is built into the rider. The WB will grow at 5% growth annually. This will only be credited on the rider anniversary for up to 10 rider years. If a withdrawal has occurred in the current rider year the 5% growth will not be applied. Double Withdrawal Base Feature: If
no withdrawals have been made within |
Growth: Benefit is not elected
separately but is built into the rider.
The WB will grow at 5% growth
annually. This will only be credited on
the rider anniversary for up to 10 rider
years. If a withdrawal has occurred in
the current rider year the 5% growth
will not be applied.
NOTE: There is not an adjustment or credit for partial years of interest. |
Rider Name |
Retirement Income Choice® |
Retirement Income Choice® with
Double Withdrawal Base Benefit3 |
Retirement Income Choice®1.43 |
Rider Form Number1 |
RGMB 27 0108 (w/o IE)
RGMB 29 0108 (with IE) |
RGMB 31 0708 (w/o IE)
RGMB 33 0708 (with IE) |
RGMB 37 0809 (w/o IE)
RGMB 38 0809 (with IE) |
|
Growth is not accumulated daily. Only
calculated at the end of the year if no
withdrawals were taken. |
the first 10 rider years or the
anniversary following attained age 67,
the WB on that rider anniversary will
be the greater of;
1)the current WB; or 2)premiums applied within 90 days of
the rider date multiplied by 2.
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. |
Growth is not accumulated daily. Only
calculated at the end of the year if no
withdrawals were taken. |
Rider Upgrade |
●Upgrades allowed within a 30 day window following each successive
5th
rider anniversary. ●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, RDB, RWA and Income Benefit determination. ●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. |
●Upgrades allowed within a 30 day window following each successive
5th
rider anniversary. ●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, RDB, RWA and Income Benefit determination. ●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. |
●Upgrades allowed within a 30 day window following each successive
5th
rider anniversary. ●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, 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. ●After termination, there is no wait period to re-add the rider, assuming the rider is still being offered. ●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. ●After termination, there is no wait period to re-add the rider, assuming the rider is still being offered. ●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. ●After termination, there is no wait period to re-add the rider, assuming the rider is still being offered. ●The rider will be terminated the date we receive Written Notice from You requesting termination. |
Rider Name |
Retirement Income Max®3
|
Retirement Income Choice®1.23 |
Retirement Income Choice®1.63 |
Rider Form Number1 |
RGMB 41 0513 - (Single Life)
RGMB 41 0513 - (Joint Life) |
RGMB 35 0109 (w/o IE)
RGMB 36 0109 (with IE) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
Purpose of Rider |
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 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 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
|
Rider Name |
Retirement Income Max®3
|
Retirement Income Choice®1.23 |
Retirement Income Choice®1.63 |
Rider Form Number1 |
RGMB 41 0513 - (Single Life)
RGMB 41 0513 - (Joint Life) |
RGMB 35 0109 (w/o IE)
RGMB 36 0109 (with IE) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
|
●This benefit is intended to provide a level of payments regardless of the performance of the designated variable Investment Options You select. |
●This benefit is intended to provide a level of payments regardless of the performance of the designated variable Investment Options You select. |
●This benefit is intended to provide a level of payments regardless of the performance of the designated variable Investment Options You select. |
Availability |
●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●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 or GMIB riders. ●Cannot be added on policies with Growth or Double Enhanced Death Benefits. ●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 |
You may contact us at
www.transamerica.com for the current Rate Sheet Supplement applicable for this rider.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.
Base Benefit
Fees (12/12/11 - 11/3/13)
OAM Option1.25% Group A1.55%
Group B1.10% Group C0.70%
Additional option fees would be added
to the base and are as follows:
DB Single Life0.25% DB Joint Life0.20%
IE Single Life0.30% IE Joint Life0.50%
Base Benefit
Fees (2/21/11 - 12/12/11):
OAM Option1.20% Group A1.40%
Group B1.00% Group C0.45%
Additional option fees would be added
to the base and are as follows:
DB Single Life0.25% DB Joint Life0.20%
IE Single Life0.15% IE Joint Life0.30%
Base Benefit
Fees (5/1/09 - 2/20/11):
OAM Option1.10% Group A1.25%
Group B0.90% Group C0.40%
Additional option fees would be added
to the base and are as follows:
DB Single Life0.25% DB Joint Life0.20% |
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.You may contact us at www.transamerica.com for the current
Rate Sheet Supplement applicable for
this rider.
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. |
Rider Name |
Retirement Income Max®3
|
Retirement Income Choice®1.23 |
Retirement Income Choice®1.63 |
Rider Form Number1 |
RGMB 41 0513 - (Single Life)
RGMB 41 0513 - (Joint Life) |
RGMB 35 0109 (w/o IE)
RGMB 36 0109 (with IE) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
|
|
IE Single Life0.15% IE Joint Life0.30% |
|
Fee Frequency |
●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 fund 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 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 fund 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. |
Death Benefit |
N/A |
For an additional fee, the optional
death benefit may be elected with this
rider. Upon 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 base Policy death benefit and then
this rider will terminate.
The RDB does not reset due to the
automatic step-up feature. |
For an additional fee, the optional
death benefit may be elected with this
rider. Upon 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 base Policy death benefit and then
this rider will terminate.
The RDB does not reset due to the
automatic step-up feature. |
Designated Funds 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 Portfolio
Companies Available Under the
Policy Appendix in Your prospectus for available funds. You cannot transfer any |
For a list of designated funds for this
rider, please reference the Appendix - Designated Investment Options.
|
Designated Allocation Group A
AB Balanced Wealth Strategy Portfolio
American Funds - Asset Allocation
Fund
Fidelity VIP Balanced Portfolio
Franklin Templeton VIP Founding
Funds Allocation Fund
State Street Total Return V.I.S. Fund
TA 60/40 Allocation
TA BlackRock Global Allocation
TA BlackRock iShares Active Asset
Allocation – Moderate Growth
TA BlackRock iShares Dynamic
Allocation - Growth
TA BlackRock iShares Edge 75
TA Goldman Sachs Managed Risk –
Growth ETF
TA Janus Balanced
TA JPMorgan Asset Allocation -
Moderate Growth
TA JPMorgan International Moderate
Growth
TA Multi-Managed Balanced
TA PIMCO Tactical - Growth
Designated Allocation Group B |
For a list of designated funds for this rider, please reference the Appendix -
Designated Investment
Options. |
Rider Name |
Retirement Income Max®3
|
Retirement Income Choice®1.23 |
Retirement Income Choice®1.63 |
Rider Form Number1 |
RGMB 41 0513 - (Single Life)
RGMB 41 0513 - (Joint Life) |
RGMB 35 0109 (w/o IE)
RGMB 36 0109 (with IE) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
amount to any other non-designated
Subaccount without losing all Your
benefits under this rider. |
|
TA American Funds Managed Risk -
Balanced
TA BlackRock iShares Edge 50
TA BlackRock Tactical Allocation
TA BlackRock iShares Active Asset
Allocation – Moderate
TA BlackRock iShares Dynamic
Allocation - Balanced
TA Goldman Sachs Managed Risk –
Balanced ETF
TA JPMorgan Asset Allocation -
Moderate
TA Madison Diversified Income
TA Market Participation Strategy
TA Morgan Stanley Global Allocation
Managed Risk - Balanced
TA PIMCO Tactical - Balanced
Designated Allocation Group C
American Funds - The Bond Fund of
AmericaSM
TA Aegon Bond
TA Aegon Core Bond
TA Aegon US Government Securities
TA BlackRock Government Money
Market
TA BlackRock iShares Active Asset
Allocation - Conservative
TA BlackRock iShares Edge 40
TA Goldman Sachs Managed Risk –
Conservative ETF
TA JPMorgan Asset Allocation -
Conservative
TA JPMorgan Tactical Allocation
TA PIMCO Tactical - Conservative
TA PineBridge Inflation Opportunities
Fixed Account |
|
Allocation Methods |
N/A |
Open Allocation Method (OAM): ●This program will automatically
allocate assets from the
policyholder's Separate Accounts 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 will be moved back into the Separate Accounts (pro-rata based on the policy holder's current Separate Account 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 OAM Investment Options. Current OA Subaccount: TA ProFund
UltraBear |
N/A |
Withdrawal Benefits - See Hypothetical Adjusted Partial Withdrawals - Guaranteed Lifetime Withdrawal Benefit Riders
appendix |
The percentage is determined by the
attained age of the Annuitant2 at the
time of the first withdrawal. |
The percentage (after 12/12/2011) is
determined by the attained age of the
Annuitant2 at the time of the first
withdrawal. |
The percentage is determined by the attained age of the Annuitant2 at the time of the first withdrawal. Single Life Riders |
Rider Name |
Retirement Income Max®3
|
Retirement Income Choice®1.23 |
Retirement Income Choice®1.63 |
Rider Form Number1 |
RGMB 41 0513 - (Single Life)
RGMB 41 0513 - (Joint Life) |
RGMB 35 0109 (w/o IE)
RGMB 36 0109 (with IE) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
for examples showing the effect of
withdrawals on the WB. |
●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. Please see the Prior Withdrawal and Growth Percentages Appendix in the Statement of Additional Information for Your applicable Withdrawal Percentage. |
Age 1st WDSingle Life WD% 0 - 580.0%
59-644.0% 65-795.0%
80 + 6.0% Age 1st WDJoint
Life WD% 0 - 580.0% 59-643.5%
65-794.5% 80 + 5.5%
NOTE: Prior to 2/1/2010 the age bands regarding the withdrawal percentages above were as follows: 0-58 59-69 70-79 80+ –After 2/1/2010 and prior to
12/12/2011 the age bands regarding
the withdrawal percentages above were
as follows:
0-58 59-64 65-74 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. |
Age 1st WDSingle Life WD% 0 - 580.00%
59-643.50% 65-804.75%
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. |
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;
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. |
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. |
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. |
Rider Name |
Retirement Income Max®3
|
Retirement Income Choice®1.23 |
Retirement Income Choice®1.63 |
Rider Form Number1 |
RGMB 41 0513 - (Single Life)
RGMB 41 0513 - (Joint Life) |
RGMB 35 0109 (w/o IE)
RGMB 36 0109 (with IE) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
|
●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 benefit percentage will
also increase if You have crossed into
another age band prior to an automatic
step-up after the election date. |
●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 benefit percentage will
also increase if You have crossed into
another age band prior to an automatic
step-up after the election date. |
●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 benefit percentage will
also increase if You have crossed into
another age band prior to an automatic
step-ups after the election date. |
Exercising Rider |
Exercising Base Benefit: The policyholder is guaranteed to be able to withdraw up to the RWA each rider year 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 even if the Policy Value is zero at the time of withdrawal. The rider benefits cease when the
Annuitant2 has
died.
Exercising Death Option: This optional feature may be elected with this rider. Upon 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 Option: 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. |
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 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
Option:
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 |
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 |
Growth: Benefit is not elected separately but is built into the rider. The WB will grow at 5% growth 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 the 5% 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. |
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 |
Rider Name |
Retirement Income Max®3
|
Retirement Income Choice®1.23 |
Retirement Income Choice®1.63 |
Rider Form Number1 |
RGMB 41 0513 - (Single Life)
RGMB 41 0513 - (Joint Life) |
RGMB 35 0109 (w/o IE)
RGMB 36 0109 (with IE) |
RGMB 37 0809 - (w/o IE)
RGMB 38 0809 - (with IE) |
|
“Appendix - Prior Withdrawal/Growth Percentages and Rider Fees in the Statement of Additional Information. |
|
“Appendix - Prior Withdrawal/Growth
Percentages and Rider Fees in the
Statement of Additional Information. |
Rider Upgrade |
N/A |
●Upgrades allowed within a 30 day window following each successive
5th
rider anniversary. ●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. |
●Upgrades allowed within a 30 day window following each successive
5th
rider anniversary. ●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 can be ”free looked“ within 30 days of issue. The request must be made in writing. ●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 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. ●After termination, there is no wait period to re-add the rider, assuming the rider is still being offered. |
●The rider can be ”free looked“ within 30 days of issue. The request must be made in writing. ●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. ●After termination, there is no wait period to re-add the rider, assuming the rider is still being offered. |
●The rider can be ”free looked“
within 30 days of issue. The request
must be made in writing. ●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. ●After termination, there is no wait
period to re-add the rider, assuming
the rider is still being offered. |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
To maximize total return consistent
with the Adviser's determination of
reasonable risk. |
AB Balanced Hedged Allocation
Portfolio - Class B
Advised by: AllianceBernstein L.P.
|
0.99% |
0.20% |
1.19% |
12.66% |
5.92% |
5.04% |
Long-term growth of capital. |
AB Relative Value Portfolio - Class B
Advised by: AllianceBernstein L.P.
|
0.87% |
- |
0.87% |
11.72% |
11.57% |
9.05% |
To provide high total return (including
income and capital gains) consistent
with preservation of capital over the
long term. |
American Funds - Asset
Allocation FundSM - Class 2
Advised by: Capital Research and
Management CompanySM |
0.55% |
0.30% |
0.85% |
14.27% |
9.20% |
7.25% |
To provide growth of capital. |
American Funds - Growth FundSM -
Class 2
Advised by: Capital Research and
Management CompanySM |
0.59% |
0.30% |
0.89% |
38.49% |
18.68% |
14.36% |
To achieve long-term growth of capital
and income. |
American Funds - Growth-Income
FundSM - Class 2
Advised by: Capital Research and
Management CompanySM |
0.53% |
0.30% |
0.83% |
26.14% |
13.36% |
10.91% |
To achieve long-term growth of capital. |
American Funds - International
FundSM - Class 2
Advised by: Capital Research and
Management CompanySM |
0.78% |
0.30% |
1.08% |
15.84% |
4.83% |
3.41% |
To provide as high a level of current
income as is consistent with the
preservation of capital. |
American Funds - The Bond Fund of
AmericaSM - Class 2
Advised by: Capital Research and
Management CompanySM |
0.63% |
0.30% |
0.93% |
5.02% |
1.89% |
2.08% |
Seeks income and capital growth
consistent with reasonable risk. |
Fidelity® VIP Balanced Portfolio -
Service Class 2
Advised by: Fidelity Management &
Research Company |
0.69% |
- |
0.69% |
21.29% |
12.16% |
8.81% |
Seeks long-term capital appreciation. |
Fidelity® VIP Contrafund® Portfolio -
Service Class 2
Advised by: Fidelity Management &
Research Company |
0.81% |
- |
0.81% |
33.12% |
16.36% |
11.33% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks long-term growth of capital. |
Fidelity® VIP Mid Cap Portfolio -
Service Class 2
Advised by: Fidelity Management &
Research Company |
0.82% |
- |
0.82% |
14.80% |
12.17% |
7.85% |
Seeks capital appreciation. |
Fidelity® VIP Value Strategies Portfolio
- Service Class 2
Advised by: Fidelity Management &
Research Company |
0.85% |
- |
0.85% |
20.61% |
16.63% |
9.10% |
The highest total return, composed of
current income and capital
appreciation, as is consistent with
prudent investment risk. |
State Street Total Return V.I.S. Fund -
Class 3
Advised by: SSGA Funds Management,
Inc. |
0.90% |
0.20% |
1.10% |
15.21% |
5.90% |
4.66% |
Seeks long-term capital appreciation
and current income. |
Transamerica 60/40 Allocation VP -
Service Class
Advised by: Transamerica Asset
Management, Inc. |
0.90% |
- |
0.90% |
15.21% |
5.90% |
4.66% |
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% |
- |
0.78% |
6.18% |
0.73% |
1.44% |
Seeks total return, consisting of current
income and capital appreciation. |
Transamerica Aegon Core Bond VP -
Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
0.75% |
- |
0.75% |
5.78% |
1.06% |
1.60% |
Seeks a high level of current income by
investing in high-yield debt securities. |
Transamerica Aegon High Yield Bond
VP - Service Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.90% |
- |
0.90% |
10.87% |
4.47% |
4.00% |
Seeks total return gained from the
combination of dividend yield, growth
of dividends and capital appreciation. |
Transamerica Aegon Sustainable Equity
Income VP - Service Class
Sub-Advised by: Aegon Asset
Management UK plc (“AAM”) |
0.98% |
- |
0.98% |
6.00% |
5.44% |
5.13% |
Seeks to provide as high a level of total
return as is consistent with prudent
investment strategies. |
Transamerica Aegon U.S. Government
Securities VP - Service Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.83% |
- |
0.83% |
3.69% |
0.25% |
0.79% |
Seeks to provide total return (including
income and capital gains) consistent
with preservation of capital over the
long term while seeking to manage
volatility and provide downside
protection. |
Transamerica American Funds
Managed Risk VP - Service Class
Sub-Advised by: Milliman Financial
Risk Management LLC |
1.10% |
- |
1.10% |
10.39% |
6.32% |
N/A |
Seeks as high a level of current income
as is consistent with preservation of
capital and liquidity. |
Transamerica BlackRock Government
Money Market VP - Service Class(2)
Sub-Advised by: BlackRock Investment
Management, LLC |
0.54% |
- |
0.54% |
4.66% |
1.58% |
0.87% |
Seeks current income and preservation
of capital. |
Transamerica BlackRock iShares Active
Asset Allocation - Conservative VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.92% |
- |
0.92% |
9.96% |
3.16% |
2.79% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks capital appreciation and current
income. |
Transamerica BlackRock iShares Active
Asset Allocation - Moderate VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.88% |
- |
0.88% |
13.37% |
3.15% |
2.73% |
Seeks capital appreciation with current
income as secondary objective. |
Transamerica BlackRock iShares Active
Asset Allocation - Moderate Growth
VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.91% |
- |
0.91% |
17.62% |
2.43% |
2.30% |
Seeks capital appreciation and income. |
Transamerica BlackRock iShares
Dynamic Allocation - Balanced VP -
Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.89% |
- |
0.89% |
12.66% |
3.61% |
3.01% |
Seeks capital appreciation and income. |
Transamerica BlackRock iShares
Dynamic Allocation - Moderate
Growth VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.89% |
- |
0.89% |
17.28% |
4.96% |
3.63% |
Seeks long term capital appreciation
and capital preservation. |
Transamerica BlackRock iShares Edge
40 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.71% |
- |
0.71% |
9.07% |
4.46% |
3.37% |
Seeks long-term capital appreciation
and capital preservation. |
Transamerica BlackRock iShares Edge
50 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.69% |
- |
0.69% |
9.79% |
5.19% |
N/A |
Seeks long-term capital appreciation
and capital preservation as a secondary
objective. |
Transamerica BlackRock iShares Edge
75 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.73% |
- |
0.73% |
12.09% |
7.36% |
N/A |
Seeks long-term capital appreciation. |
Transamerica BlackRock iShares Edge
100 VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.81% |
- |
0.81% |
14.47% |
9.34% |
N/A |
Seeks a combination of capital
appreciation and income. |
Transamerica BlackRock iShares
Tactical - Balanced VP - Service Class(3)
Sub-Advised by: Pacific Investment
Management Company LLC |
0.89% |
- |
0.89% |
10.66% |
4.27% |
3.59% |
Seeks a combination of capital
appreciation and income. |
Transamerica BlackRock iShares
Tactical - Conservative VP - Service
Class(4)
Sub-Advised by: Pacific Investment
Management Company LLC |
0.92% |
- |
0.92% |
7.24% |
3.61% |
3.40% |
Seeks a combination of capital
appreciation and income. |
Transamerica BlackRock iShares
Tactical - Growth VP - Service Class(5)
Sub-Advised by: Pacific Investment
Management Company LLC |
0.93% |
- |
0.93% |
13.94% |
6.23% |
4.44% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks to maximize total return. |
Transamerica BlackRock Real Estate
Securities VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
1.15% |
- |
1.15% |
13.15% |
4.85% |
3.59% |
Seeks capital appreciation with current
income as a secondary objective. |
Transamerica BlackRock Tactical
Allocation VP - Service Class
Sub-Advised by: BlackRock Investment
Management, LLC |
1.02% |
- |
1.02% |
14.88% |
6.54% |
4.90% |
Seeks 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% |
- |
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% |
- |
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% |
- |
0.67% |
17.68% |
7.38% |
5.13% |
Seeks long-term capital appreciation. |
Transamerica Great Lakes Advisors
Large Cap Value VP - Service Class(6)
Sub-Advised by: Great Lakes Advisors
LLC |
0.97% |
- |
0.97% |
12.78% |
9.66% |
N/A |
Seeks long-term capital appreciation. |
Transamerica International Focus VP -
Service Class
Sub-Advised by: Epoch Investment
Partners, Inc. |
1.10% |
- |
1.10% |
12.27% |
8.75% |
4.09% |
Seeks long-term capital growth,
consistent with preservation of capital
and balanced by current income. |
Transamerica Janus Balanced VP -
Service Class
Sub-Advised by: Janus Henderson
Investors US LLC |
0.99% |
- |
0.99% |
15.01% |
9.00% |
7.27% |
Seeks long-term capital appreciation. |
Transamerica Janus Mid-Cap Growth
VP - Service Class
Sub-Advised by: Janus Henderson
Investors US LLC |
1.11% |
- |
1.11% |
16.80% |
12.97% |
7.98% |
Seeks current income and preservation
of capital. |
Transamerica JPMorgan Asset
Allocation - Conservative VP –
Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
0.99% |
- |
0.99% |
6.83% |
3.76% |
3.04% |
Seeks current income and preservation
of capital. |
Transamerica JPMorgan Asset
Allocation - Growth VP – Service
Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.11% |
- |
1.11% |
20.00% |
11.61% |
7.40% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks capital appreciation and current
income. |
Transamerica JPMorgan Asset
Allocation - Moderate VP – Service
Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.02% |
- |
1.02% |
8.86% |
5.31% |
4.13% |
Seeks capital appreciation with current
income as a secondary objective. |
Transamerica JPMorgan Asset
Allocation - Moderate Growth VP –
Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.08% |
- |
1.08% |
11.93% |
7.59% |
5.41% |
Seeks to earn a total return modestly in
excess of the total return performance
of the S&P 500® (including the
reinvestment of dividends) while
maintaining a volatility of return
similar to the S&P 500®. |
Transamerica JPMorgan Enhanced
Index VP – Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
0.87% |
- |
0.87% |
27.39% |
16.10% |
11.67% |
Seeks capital appreciation with current
income as a secondary objective. |
Transamerica JPMorgan International
Moderate Growth VP – Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.14% |
- |
1.14% |
8.70% |
5.68% |
3.33% |
Seeks current income and preservation
of capital. |
Transamerica JPMorgan Tactical
Allocation VP - Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.02% |
- |
1.02% |
8.57% |
3.90% |
3.44% |
Seeks high total return through the
combination of income and capital
appreciation. |
Transamerica Madison Diversified
Income VP - Service Class
Sub-Advised by: Madison Asset
Management. LLC |
1.08% |
- |
1.08% |
3.97% |
4.51% |
4.38% |
Seeks capital appreciation. |
Transamerica Market Participation
Strategy VP - Service Class
Sub-Advised by: PGIM Quantitative
Solutions LLC |
0.98% |
- |
0.98% |
11.55% |
9.06% |
6.12% |
Seeks high total return.. |
Transamerica Morgan Stanley Global
Allocation VP - Service Class
Sub-Advised by: Morgan Stanley
Investment Management Inc. |
1.28% |
- |
1.28% |
13.69% |
7.12% |
4.51% |
Seeks to provide capital appreciation
and income while seeking to manage
volatility. |
Transamerica Morgan Stanley Global
Allocation Managed Risk - Balanced
VP - Service Class
Sub-Advised by: Milliman Financial
Risk Management LLC |
1.45% |
- |
1.45% |
9.00% |
3.64% |
N/A |
Seeks to track the investment results of
an index composed of large- and
mid-capitalization developed market
equities, excluding the U.S. and
Canada. |
Transamerica MSCI EAFE Index VP -
Service Class
Sub-Advised by: SSGA Funds
Management, Inc. |
0.61% |
0.15% |
0.76% |
17.46% |
7.80% |
N/A |
Seeks to provide a high total
investment return through investments
in a broadly diversified portfolio of
stock, bonds and money market
instruments. |
Transamerica Multi-Managed Balanced
VP – Service Class
Sub-Advised by: J.P. Morgan
Investment Management Inc. and Aegon
USA Investment Management, LLC |
0.89% |
- |
0.89% |
18.44% |
10.16% |
7.75% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
Seeks maximum real return, consistent
with appreciation of capital. |
Transamerica PineBridge Inflation
Opportunities VP - Service Class
Sub-Advised by: PineBridge
Investments LLC |
0.78% |
- |
0.78% |
5.44% |
2.87% |
2.00% |
Seeks to provide investment results
that, before expenses, correspond
generally to the price and yield
performance of the S&P 500® Index. |
Transamerica S&P 500 Index VP -
Service Class
Sub-Advised by: SSGA Funds
Management, Inc. |
0.39% |
0.15% |
0.54% |
25.73% |
15.20% |
N/A |
Seeks to maximize total return. |
Transamerica Small/Mid Cap Value VP
– Service Class Sub-Advised by: Systematic Financial Management L.P. & Thompson, Siegel & Walmsley LLC |
1.07% |
- |
1.07% |
12.15% |
11.19% |
7.88% |
Seeks long-term growth of capital by
investing primarily in common stocks
of small growth companies. |
Transamerica T. Rowe Price Small Cap
VP – Service Class
Sub-Advised by: T. Rowe Price
Associates, Inc. |
1.09% |
- |
1.09% |
20.88% |
11.15% |
8.74% |
Seeks maximum long-term total return,
consistent with reasonable risk to
principal, by investing in a diversified
portfolio of common stocks of
primarily non-U.S. issuers. |
Transamerica TS&W
International Equity VP – Service
Class
Sub-Advised by: Thompson, Siegel &
Walmsley LLC |
1.11% |
- |
1.11% |
15.26% |
7.39% |
3.59% |
Seeks growth from capital appreciation. |
Transamerica TS&W Mid Cap Value
Opportunities VP–Service Class(7)
Sub-Advised by: J.P. Morgan
Investment Management Inc. |
1.02% |
- |
1.02% |
10.57% |
10.68% |
7.74% |
Seeks to maximize long-term growth. |
Transamerica WMC US Growth VP –
Service Class(8)
Sub-Advised by: Wellington
Management Company, LLP |
0.91% |
- |
0.91% |
41.72% |
17.45% |
13.31% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/22) | ||
1 year |
5 years |
10 years | |||
Seeks maximum total return consistent with
preservation of capital and prudent investment
management. |
Transamerica Aegon Bond VP – Initial Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.53% |
6.45% |
0.96% |
1.70% |
Seeks a high level of current income by
investing in high-yield debt securities. |
Transamerica Aegon High Yield Bond VP –
Initial Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.65% |
11.11% |
4.73% |
4.26% |
Seeks to provide as high a level of total return as
is consistent with prudent investment strategies. |
Transamerica Aegon U.S. Government
Securities VP – Initial Class
Sub-Advised by: Aegon USA Investment
Management, LLC |
0.58% |
4.00% |
0.51% |
1.04% |
Seeks as high a level of current income as is
consistent with preservation of capital and
liquidity. |
Transamerica BlackRock Government Money
Market VP - Initial Class(1)
Sub-Advised by: BlackRock Investment
Management, LLC |
0.29% |
4.85% |
1.68% |
1.01% |
Seeks long term capital appreciation and capital
preservation. |
Transamerica BlackRock iShares Edge 40 VP –
Initial Class
Sub-Advised by: BlackRock Investment
Management, LLC |
0.46% |
9.45% |
4.71% |
3.63% |
Seeks to maximize total return. |
Transamerica BlackRock Real Estate Securities
VP – Initial Class(4)
Sub-Advised by: BlackRock Investment
Management, LLC |
0.90% |
13.33% |
5.09% |
3.84% |
Seeks long-term capital appreciation. |
Transamerica International Focus VP – Initial
Class
Sub-Advised by: Epoch Investment Partners,
Inc. |
0.85% |
12.53% |
9.01% |
4.35% |
Seeks long-term capital appreciation. |
Transamerica Janus Mid-Cap Growth VP –
Initial Class
Sub-Advised by: Janus Henderson Investors US
LLC |
0.86% |
17.04% |
13.26% |
8.25% |
Seeks current income and preservation of
capital. |
Transamerica JPMorgan Asset Allocation -
Conservative VP - Initial Class
Sub-Advised by: J.P. Morgan Investment
Management Inc. |
0.74% |
7.05% |
4.03% |
3.30% |
Seeks current income and preservation of
capital. |
Transamerica JPMorgan Asset Allocation -
Growth VP - Initial Class
Sub-Advised by: J.P. Morgan Investment
Management Inc. |
0.86% |
20.34% |
11.88% |
7.66% |
Seeks capital appreciation with current income
as a secondary objective. |
Transamerica JPMorgan Asset Allocation -
Moderate Growth VP - Initial Class
Sub-Advised by: J.P. Morgan Investment
Management Inc. |
0.83% |
12.21% |
7.85% |
5.67% |
Seeks to earn a total return modestly in excess
of the total return performance of the S&P
500® (including the reinvestment of
dividends) while maintaining a volatility of return similar
to the S&P 500®. |
Transamerica JPMorgan Enhanced Index VP –
Initial Class
Sub-Advised by: J.P. Morgan Investment
Management Inc. |
0.62% |
27.66% |
16.39% |
11.94% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser (1) |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/22) | ||
1 year |
5 years |
10 years | |||
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 –
Initial Class
Sub-Advised by: J.P. Morgan Investment
Management Inc. and Aegon USA Investment
Management, LLC |
0.89% |
18.73% |
10.42% |
8.02% |
Seeks long-term growth of capital by investing
primarily in common stocks of small growth
companies. |
Transamerica T. Rowe Price Small Cap VP –
Initial Class
Sub-Advised by: T. Rowe Price Associates,
Inc. |
0.84% |
21.20% |
11.44% |
9.02% |
Seeks maximum long-term total return,
consistent with reasonable risk to principal, by
investing in a diversified portfolio of common
stocks of primarily non-U.S. issuers. |
Transamerica TS&W International Equity VP
– Initial Class Sub-Advised by: Thompson, Siegel & Walmsley LLC |
0.86% |
15.48% |
7.65% |
3.84% |
Seeks to maximize long-term growth. |
Transamerica WMC US Growth VP – Initial
Class
Sub-Advised by: Wellington Management
Company, LLP |
0.66% |
42.08% |
17.74% |
13.59% |
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 to provide capital growth. |
Fidelity VIP Growth Opportunities Portfolio -
Service Class 2
Advised by: Fidelity Management & Research
Company |
0.84% |
45.30% |
18.79% |
15.44% |
Seeks capital appreciation. |
Janus Henderson Mid Cap Value Portfolio -
Service Shares
Advised by: Janus Henderson Investors US
LLC |
0.93% |
11.11% |
9.94% |
6.91% |
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 to maximize total return. |
Transamerica Small/Mid Cap Value VP - Initial
Class
Sub-Advised by: Systematic Financial
Management L.P. & Thompson, Siegel &
Walmsley LLC |
0.82% |
12.40% |
11.47% |
8.14% |
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 | |||
Long-term growth of capital. |
AB Large Cap Growth Portfolio – Class B
Advised by: AllianceBernstein L.P.
|
0.92% |
34.78% |
17.56% |
14.60% |
Seeks reasonable income and will also consider
the potential for capital appreciation. The goal
is to achieve a yield which exceeds the
composite yield on the securities comprising the
S&P 500® Index. |
Fidelity VIP Equity-Income Portfolio –
Service Class 2
Advised by: Fidelity Management & Research
Company |
0.72% |
10.38% |
12.01% |
8.31% |
Seeks to achieve capital appreciation. |
Fidelity VIP Growth Portfolio – Service Class
2
Advised by: Fidelity Management & Research
Company |
0.83% |
35.89% |
19.34% |
14.51% |
Capital appreciation. Secondary goal is income. |
Franklin Mutual Shares VIP Fund - Class 2
Advised by: Franklin Mutual Advisers, LLC |
0.93% |
13.46% |
7.82% |
5.43% |
Seek capital growth. |
Invesco V.I. American Franchise Fund – Series
II Shares
Advised by: Invesco Advisers, Inc.
|
1.11% |
40.60% |
15.88% |
11.42% |
Long-term growth of capital. |
Janus Henderson Enterprise Portfolio –
Service Shares
Advised by: Janus Henderson Investors US LLC
|
0.97% |
17.78% |
13.14% |
11.82% |
Long-term growth of capital. |
Janus Henderson Global Research Portfolio –
Service Shares
Advised by: Janus Henderson Investors US
LLC |
0.86% |
26.47% |
13.05% |
8.74% |
Seek total Return. |
MFS® Total Return Series – Service Class
Advised by: MFS® Investment
Management |
0.95% |
10.22% |
8.27% |
6.27% |
Investment Objective |
Underlying Fund Portfolio and
Adviser/Sub-adviser |
Current
Expenses |
Platform
Charges |
Current
Expenses
Plus
Platform
Charges |
Average Annual
Total Returns
(as of 12/31/23) | ||
1 year |
5 years |
10 years | |||||
To maximize income while maintaining
prospects for capital appreciation. |
Franklin Income VIP Fund - Class 2
Advised by: Franklin Advisers,
Inc. |
0.72% |
- |
0.72% |
8.62% |
6.98% |
5.01% |
Long-term capital growth. |
Templeton Foreign VIP Fund - Class 2
Advised by: Templeton Investment
Counsel LLC |
1.09% |
- |
1.09% |
20.76% |
5.27% |
1.28% |
Seeks capital appreciation. Secondary
goal is income. |
Franklin Allocation VIP Fund - Class 4
Advised by: Franklin Templeton
Services, LLC |
0.93% |
0.15% |
1.08% |
14.61% |
7.57% |
4.75% |
Seek capital appreciation. |
MFS® New Discovery Series – Service
Class
Advised by: MFS® Investment
Management |
1.19% |
- |
1.19% |
14.25% |
10.81% |
7.41% |
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 total return gained from the combination
of dividend yield, growth of dividends and
capital appreciation. |
Transamerica Aegon Sustainable Equity Income
VP - Initial Class
Sub-Advised by: Aegon Asset Management UK
plc (“AAM”) |
0.73% |
6.28% |
5.71% |
5.39% |
|
Double
Enhanced
Death
Benefit(1) |
Retirement
Income
Max® Rider |
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
12/12/11 |
12/12/11 to
11/9/14 |
11/10/14
to
1/31/18 |
2/1/18 to
4/30/20 |
Post
5/1/20 |
Before
2/28/19 |
3/1/19 to
8/31/2020 |
9/1/2020
And After
Group
A, B or C |
AB Balanced Hedged Allocation Portfolio
- Class B |
√ |
|
|
|
|
|
A |
A |
B |
AB Relative Value Portfolio - Class B |
|
|
|
|
|
|
|
A |
A |
American Funds - Asset
Allocation FundSM - Class 2 |
√ |
|
|
|
|
|
|
A |
B |
American Funds - The Bond Fund of
AmericaSM - Class 2 |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
American Funds - Growth FundSM -
Class 2 |
|
|
|
|
|
|
|
A |
A |
American Funds - Growth-Income
FundSM - Class 2 |
|
|
|
|
|
|
|
A |
A |
American Funds - International FundSM -
Class 2 |
|
|
|
|
|
|
|
A |
A |
Fidelity® VIP Balanced Portfolio - Service
Class 2 |
√ |
|
|
|
|
|
|
A |
B |
Fidelity® VIP Contrafund® Portfolio -
Service Class 2 |
|
|
|
|
|
|
|
A |
A |
Fidelity® VIP Mid Cap Portfolio - Service
Class 2 |
|
|
|
|
|
|
|
A |
A |
Fidelity® VIP Value Strategies Portfolio -
Service Class 2 |
|
|
|
|
|
|
|
A |
A |
State Street Total Return V.I.S. Fund -
Class 3 |
√ |
|
|
|
|
|
|
A |
B |
TA 60/40 Allocation - Service Class |
|
|
|
|
|
|
A |
A |
B |
TA Aegon Bond - Service Class |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
TA Aegon Core Bond - Service Class |
|
√ |
√ |
√ |
√ |
√ |
C |
A |
A |
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 American Funds Managed Risk -
Balanced - Service Class(2) |
√ |
√ |
√ |
|
√ |
|
B |
A |
B |
TA BlackRock Government Money
Market - Service Class |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
TA BlackRock iShares Active Asset
Allocation - Conservative - Service
Class(2) |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
B |
|
Double
Enhanced
Death
Benefit(1) |
Retirement
Income
Max® Rider |
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
12/12/11 |
12/12/11 to
11/9/14 |
11/10/14
to
1/31/18 |
2/1/18 to
4/30/20 |
Post
5/1/20 |
Before
2/28/19 |
3/1/19 to
8/31/2020 |
9/1/2020
And After
Group
A, B or C |
TA BlackRock iShares Active Asset
Allocation - Moderate - Service Class(2) |
|
√ |
√ |
√ |
√ |
√ |
B |
A |
B |
TA BlackRock iShares Active Asset
Allocation - Moderate Growth - Service
Class(2) |
|
|
|
|
|
|
A |
A |
B |
TA BlackRock iShares Dynamic
Allocation - Balanced - Service Class(2) |
√ |
√ |
√ |
√ |
√ |
√ |
B |
A |
B |
TA BlackRock iShares Dynamic
Allocation - Moderate Growth - Service
Class(2) |
|
√ |
√ |
√ |
√ |
√ |
A |
A |
B |
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 BlackRock iShares Tactical - Balanced
- Service Class |
|
√ |
√ |
|
|
|
B |
A |
B |
TA BlackRock iShares Tactical
- Conservative - Service Class |
|
√ |
√ |
√ |
√ |
|
C |
A |
B |
TA BlackRock iShares Tactical - Growth -
Service Class |
|
|
|
|
|
|
A |
A |
B |
TA BlackRock Real Estate Securities -
Service Class |
|
|
|
|
|
|
|
A |
A |
TA BlackRock Tactical Allocation -
Service Class(2) |
|
|
|
|
|
|
B |
A |
B |
TA Goldman Sachs Managed Risk -
Conservative ETF - Service Class(2) |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
B |
TA Goldman Sachs Managed Risk -
Balanced ETF - Service Class(2) |
√ |
√ |
√ |
√ |
√ |
√ |
B |
A |
B |
TA Goldman Sachs Managed Risk -
Growth ETF - Service Class(2) |
√ |
|
|
|
|
|
A |
A |
B |
TA Great Lakes Advisors Large Cap Value
- Service Class |
|
|
|
|
|
|
|
A |
A |
TA International Focus - Service Class |
|
|
|
|
|
|
|
A |
A |
TA Janus Balanced - Service Class |
|
|
|
|
|
|
A |
A |
B |
TA Janus Mid-Cap Growth - Service
Class |
|
|
|
|
|
|
|
A |
A |
TA JPMorgan Asset Allocation -
Conservative - Service Class(2) |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
B |
TA JPMorgan Asset Allocation - Growth
- Service Class |
|
|
|
|
|
|
|
A |
A |
|
Double
Enhanced
Death
Benefit(1) |
Retirement
Income
Max® Rider |
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
12/12/11 |
12/12/11 to
11/9/14 |
11/10/14
to
1/31/18 |
2/1/18 to
4/30/20 |
Post
5/1/20 |
Before
2/28/19 |
3/1/19 to
8/31/2020 |
9/1/2020
And After
Group
A, B or C |
TA JPMorgan Asset Allocation -
Moderate - Service Class(2) |
√ |
√ |
√ |
|
√ |
√ |
B |
A |
B |
TA JPMorgan Asset Allocation -
Moderate Growth - Service Class(2) |
√ |
|
|
|
|
|
A |
A |
B |
TA JPMorgan Enhanced Index - Service
Class |
|
|
|
|
|
|
|
A |
A |
TA JPMorgan International Moderate
Growth - Service Class(2) |
√ |
|
|
|
|
|
A |
A |
B |
TA JPMorgan Tactical Allocation -
Service Class |
|
√ |
√ |
√ |
√ |
√ |
C |
A |
B |
TA Madison Diversified Income - Service
Class |
|
√ |
√ |
√ |
√ |
√ |
B |
A |
B |
TA Market Participation Strategy -
Service Class |
|
√ |
√ |
|
|
√ |
B |
A |
B |
TA Morgan Stanley Global Allocation -
Service Class |
|
|
|
|
|
|
A |
A |
B |
TA Morgan Stanley Global Allocation
Managed Risk - Balanced - Service
Class(2) |
√ |
√ |
√ |
|
√ |
|
B |
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 Small Mid Cap Value - Service Class |
|
|
|
|
|
|
|
A |
A |
TA T. Rowe Price Small Cap - Service
Class |
|
|
|
|
|
|
|
A |
A |
TA TS&W International Equity - Service
Class |
|
|
|
|
|
|
|
A |
A |
TA TS&W Mid Cap Value
Opportunities - Service Class |
|
|
|
|
|
|
|
A |
A |
TA WMC US Growth - Service Class |
|
|
|
|
|
|
|
A |
A |
Fixed Account |
√ |
√ |
√ |
√ |
√ |
√ |
C |
A |
C |
|
|
Approximate First Issue Date |
Policy Form Number |
AV212 101 75 1292 |
May 1993 |
V829 & S831 (replacement pages) |
January 1994 | |
AV265 101 89 396 |
June 1996 | |
AV339 101 101 497 |
July 1997 | |
AV400 101 107 198 |
May 1998 | |
AV864 101 165 103 |
November 2003 | |
Policy Endorsement Form Number |
AE872 395 |
May 1995 |
AE900 396 |
June 1996 | |
AE957 497 |
July 1997 |
Product Feature |
Transamerica Freedom 95 Form
Number:
AV212 101 75 1292 |
Transamerica Freedom 95 Form
Number:
AV212 101 75 1292, with V829 and
S831 Replacement Pages
AV212 101 75 395 SP Replacement
Spec
AE 872 395 Death Benefit
Endorsement |
Transamerica Freedom 96 Form
Number:
AV265 101 89 396
AE900 396 |
Guaranteed Minimum Death Benefit
Option(s) |
5% Annually Compounding or Annual
Step-Up. |
5% Annually Compounding or Annual
Step-Up. |
A.5% Annually Compounding B.Annual Step-Up
C.Return of Premium Option A is available if Owner and Annuitant are both under age 75. Option B is available if Owner and Annuitant are both under age 81. Option C is available for issue ages 81-84. |
Double Enhanced Death Benefit
Designated Funds |
N/A |
N/A |
N/A |
Death Proceeds |
Greater of:
1)the Policy Value on the date we receive due proof of death 2)the total premiums paid for this
policy, less any partial surrenders
made before death, accumulated at
5% interest per annum to the date
we receive due proof of death. |
Greater of:
1)the Policy Value on the date we receive due proof of death 2)the total premiums paid for this
policy, less any partial surrenders
made before death, accumulated at
5% interest per annum to the date
we receive due proof of death. |
Greatest of:
1)Policy Value 2)Cash Value
3)Guaranteed Minimum Death Benefit |
Mortality & Expense Risk Fee and
Administrative Charge prior to
Annuity Commencement Date |
●1.65% first 10 policy years ●0.25% less after first 10 policy years |
●1.65% first 10 policy years ●0.25% less after first 10 policy years |
●1.65% first 10 policy years ●0.25% less after first 10 policy years |
Is Mortality & Expense Risk Fee and
Administrative Charge different after
the Annuity Commencement Date? |
No |
No |
No |
Fund Facilitation Fee |
No |
No |
No |
Guaranteed Period Options (available
in the Fixed Account) |
N/A |
N/A |
1, 3 and 5 year Guaranteed Periods
available. |
Distribution Financing Charge |
N/A |
Applicable |
Applicable |
Annual Contract Charge (Service
Charge) |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0 |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0 |
If policy value is: $0-$1750 = 2% $1751-$49999.99 = $35 +$49999.99 = $0 |
Product Feature |
Transamerica Freedom 95 Form
Number:
AV212 101 75 1292 |
Transamerica Freedom 95 Form
Number:
AV212 101 75 1292, with V829 and
S831 Replacement Pages
AV212 101 75 395 SP Replacement
Spec
AE 872 395 Death Benefit
Endorsement |
Transamerica Freedom 96 Form
Number:
AV265 101 89 396
AE900 396 |
|
Assessed on each Policy Anniversary |
Assessed on each Policy Anniversary |
Assessed on each Policy Anniversary |
Optional Riders |
●Family Income Protector ●Managed Annuity Program ●5 for LifeSM2005 |
●Family Income Protector ●Managed Annuity Program ●5 for LifeSM2005 |
●Additional Death Distribution 2003 ●Additional Death Distribution+ ●Additional Death Distribution ●Family Income Protector ●Managed Annuity Program ●Managed Annuity Program II ●Living Benefit Rider 2003 ●Living Benefit Rider 2005 ●5 for LifeSM2005 |
Excess Interest Adjustment |
N/A |
N/A |
Yes |
Asset Rebalancing Option |
Yes |
Yes |
Yes |
Dollar Cost Averaging Option |
Yes (No fixed DCA Account) |
Yes |
Yes |
Nursing Care and Terminal Condition
Withdrawal Option |
N/A |
N/A |
Yes (by Endorsement AE 900 396) |
Unemployment Waiver |
N/A |
N/A |
N/A |
Product Feature |
Transamerica Freedom 97 Form
Number:
AV339 101 101 497
AE957 497 |
Transamerica Freedom 98 Form
Number:
AV400 101 107 198
AE957 497 |
Transamerica Freedom 98 Form
Number:
AV400 101 107 198
RGMI 1 798 |
Guaranteed Minimum Death Benefit
Option(s) |
A.5% Annually Compounding B.Annual Step-Up
C.Return of Premium Option A is available if Owner and Annuitant are both under age 75. Option B is available if Owner and Annuitant are both under age 81. |
A.5% Annually Compounding B.Double Enhanced
C.Return of Premium Option A is available if Owner and Annuitant are both under age 75. Option B is available if Owner and Annuitant are both under age 81. |
A.5% Annually Compounding B.Double Enhanced
C.Return of Premium Option A is available if Owner and Annuitant are both under age 75. Option B is available if Owner and Annuitant are both under age 81. |
Double Enhanced Death Benefit
Designated Funds |
N/A |
N/A |
N/A |
Death Proceeds |
Greatest of:
1)Policy Value 2)Cash Value
3)Guaranteed Minimum Death Benefit. |
Greatest of:
1)Policy Value 2)Cash Value
3)Guaranteed Minimum Death Benefit. |
Greatest of:
1)Policy Value 2)Cash Value
3)Guaranteed Minimum Death Benefit. |
Mortality & Expense Risk Fee and
Administrative Charge prior to
Annuity Commencement Date |
●1.50% for Return of Premium - first 10 Policy Years ●1.65% for Annual Step-Up - first 10 Policy Years ●1.65% for 5% Compounding - first 10 Policy Years ●0.25% less after First 10 Policy Years |
●1.50% for Return of Premium - first 10 Policy Years ●1.65% for Double Enhanced - first 10 Policy Years ●1.65% for 5% Compounding - first 10 Policy Years ●0.25% less after First 10 Policy Years |
●1.50% for Return of Premium - first 10 Policy Years ●1.65% for Double Enhanced - first 10 Policy Years ●1.65% for 5% Compounding - first 10 Policy Years ●0.25% less after First 10 Policy Years |
Is Mortality & Expense Risk Fee and
Administrative Charge different after
the Annuity Commencement Date? |
No |
Yes–1.10% plus Administrative
Charge, regardless of death benefit
chosen prior to the Annuity
Commencement Date. |
Yes–1.10% plus Administrative Charge, regardless of death benefit chosen prior to the Annuity Commencement Date. |
Product Feature |
Transamerica Freedom 97 Form
Number:
AV339 101 101 497
AE957 497 |
Transamerica Freedom 98 Form
Number:
AV400 101 107 198
AE957 497 |
Transamerica Freedom 98 Form
Number:
AV400 101 107 198
RGMI 1 798 |
Fund Facilitation Fee |
No |
No |
No |
Guaranteed Period Options (available
in the Fixed Account) |
1, 3, and 5 year Guaranteed Periods
available. |
1, 3, and 5 year Guaranteed Periods
available. |
1, 3, and 5 year Guaranteed Periods
available. |
Distribution Financing Charge |
Applicable |
Applicable |
Applicable |
Annual Contract Charge (Service
Charge) |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0
Assessed on each Policy Anniversary |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0
Assessed on each Policy Anniversary |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0
Assessed on each Policy Anniversary |
Optional Riders |
●Additional Death Distribution 2003 ●Additional Death Distribution+ ●Additional Death Distribution ●Family Income Protector ●Managed Annuity Program ●Managed Annuity Program II ●Living Benefit Rider 2003 ●Living Benefit Rider 2005 ●5 for LifeSM2005 |
●Additional Death Distribution 2003 ●Additional Death Distribution+ ●Additional Death Distribution ●Family Income Protector ●Managed Annuity Program ●Managed Annuity Program II ●Living Benefit Rider 2003 ●Living Benefit Rider 2005 ●5 for LifeSM2005 |
●Additional Death Distribution 2003 ●Additional Death Distribution+ ●Additional Death Distribution ●Family Income Protector ●Managed Annuity Program ●Managed Annuity Program II ●Living Benefit Rider 2003 ●Living Benefit Rider 2005 ●5 for LifeSM2005 |
Excess Interest Adjustment |
Yes |
Yes |
Yes |
Asset Rebalancing |
Yes |
Yes |
Yes |
Dollar Cost Averaging Fixed Account
Option |
Yes |
Yes |
Yes |
Nursing Care and Terminal Condition
Withdrawal Option |
Yes (by Endorsement AE 957 497) |
Yes (by Endorsement AE 957 497) |
Yes (by Endorsement AE 957 497) |
Unemployment Waiver |
N/A |
N/A |
N/A |
Product Feature |
Transamerica Freedom 2003 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2006 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2008 Form
Number:
AV864 101 165 103 |
Guaranteed Minimum Death Benefit
Option(s) |
A.Modal Double Enhanced - RGMD 6 0203 B.Modal Annual Step-Up - RGMD 5
0103
C.Return of Premium - RGMD 8 0603. Option A is available if Owner and Annuitant are both under age 75. Option B is available if Owner and Annuitant are under age 81. |
A.Modal Double Enhanced - RGMD 6 0203 B.Modal Annual Step-Up - RGMD 5
0103
C.Return of Premium - RGMD 8 0603 Option A is available if Owner and Annuitant are both under age 76. Option B is available if Owner and Annuitant are under age 81. |
A.Modal Double Enhanced - RGMD 15 0108 B.Modal Annual Step-Up - RGMD 5
0103
C.Return of Premium - RGMD 8 0603 Option A is available if Owner and Annuitant are both under age 76. Option B is available if Owner and Annuitant are under age 76. For riders issued on or after December 12, 2011. No longer available after January 30, 2015. Option C is available is owner and annuitant are age 86 or younger. For riders issued prior to December 12, 2011. Option C is available if owner and annuitant are age 90 or younger. |
Double Enhanced Death Benefit
Designated Funds
Requiring that you designate 100% of
your policy value to the designated
investment options, some of which
employ strategies that are intended to |
N/A |
N/A |
●AB Balanced Hedged Allocation
Portfolio - Class B ●American Funds - Asset Allocation FundSM - Class 2 |
Product Feature |
Transamerica Freedom 2003 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2006 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2008 Form
Number:
AV864 101 165 103 |
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. |
|
|
●American Funds - The Bond Fund of AmericaSM - Class 2 ●Fidelity® VIP Balanced Portfolio -
Service Class 2 ●Franklin Allocation VIP Fund - Class 4 ●State Street Total Return V.I.S. Fund
- Class 3 ●TA Aegon Bond - Service Class TA AEGON US Govt Securities SC,0000y7] ●TA American Funds Managed Risk -
Balanced - Service Class ●TA BlackRock Government Money Market - Service Class ●TA BlackRock iShares Active Asset Allocation - Conservative - Service Class ●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 ●TA Goldman Sachs Managed Risk - Conservative ETF - Service Class ●TA Goldman Sachs Managed Risk - Growth ETF - Service Class ●TA JPMorgan Asset Allocation - Conservative - Service Class ●TA JPMorgan Asset Allocation - Moderate - Service Class ●TA JPMorgan Asset Allocation - Moderate Growth - Service Class ●TA JPMorgan International Moderate Growth - Service Class ●TA Morgan Stanley Global Allocation Managed Risk - Balanced - Service Class ●TA MSCI EAFE Index - Service Class ●TA Multi-Managed Balanced -
Service Class ●TA S&P 500 Index - Service Class |
Death Proceeds |
Greatest of:
1)Policy Value 2)Cash Value
3)Guaranteed Minimum Death Benefit |
Greatest of:
1)Policy Value 2)Cash Value
3)Guaranteed Minimum Death Benefit |
Greatest of: 1)Policy Value
2)Cash Value 3)Guaranteed Minimum Death
Benefit |
Product Feature |
Transamerica Freedom 2003 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2006 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2008 Form
Number:
AV864 101 165 103 |
Mortality & Expense Risk Fee and
Administrative Charge prior to
Annuity Commencement Date |
●1.65% for Return of Premium ●1.85% for Annual Step-Up ●2.15% for Double Enhanced |
●1.60% for Policy Value ●1.70% for Return of Premium ●1.90% for Annual Step-Up ●2.20% for Double Enhanced |
●1.70% for Return of Premium ●1.90% for Annual Step-Up ●2.35% for Double Enhanced |
Is Mortality & Expense Risk Fee and
Administrative Charge different after
the Annuity Commencement Date? |
Yes–1.10% plus Administrative
Charge, regardless of death benefit
chosen prior to the Annuity
Commencement Date. |
Yes–1.10% plus Administrative
Charge, regardless of death benefit
chosen prior to the Annuity
Commencement Date. |
Yes–1.10% plus Administrative
Charge, regardless of death benefit
chosen prior to the Annuity
Commencement Date. |
Fund Facilitation Fee |
Yes - ●0.30% if you choose American
Funds - Asset Allocation Fund,
American Funds - Growth Fund,
American Funds - Growth-Income
Fund, American Funds -
International Fund or American
Funds – The Bond Fund of
America. ●0.20% if you choose AB Balanced
Hedged Allocation Portfolio or State
Street Total Return V.I.S. Fund. ●0.15% if you choose Franklin
Allocation VIP Fund. ●0.10% if you choose TA Morgan
Stanley Global Allocation. |
Yes - ●0.30% if you choose American
Funds - Asset Allocation Fund,
American Funds - Growth Fund,
American Funds - Growth-Income
Fund, or American Funds -
International Fund or American
Funds – The Bond Fund of
America. ●0.20% if you choose AB Balanced
Hedged Allocation Portfolio or State
Street Total Return V.I.S. Fund. ●0.15% if you choose Franklin
Allocation VIP Fund. ●0.10% if you choose TA Morgan
Stanley Global Allocation. |
Yes - ●0.30% if you choose American
Funds - Asset Allocation Fund,
American Funds - Growth Fund,
American Funds - Growth-Income
Fund, or American Funds -
International Fund or American
Funds – The Bond Fund of
America. ●0.20% if you choose AB Balanced
Wealth Strategy Portfolio or State
Street Total Return V.I.S. Fund. ●0.15% if you choose Franklin
Allocation VIP Fund, TA MSCI
EAFE Index or TA S&P 500 Index. ●0.10% if you choose TA Morgan
Stanley Global Allocation. |
Guaranteed Period Options (available
in the Fixed Account) |
1, 3, and 5 year Guaranteed Periods
available. |
1, 3, and 5 year Guaranteed Periods
available. |
1, 3, 5, and 7 year Guaranteed Periods
available. |
Distribution Financing Charge |
Applicable |
Applicable |
Applicable |
Annual Contract Charge (Service
Charge) |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0
Assessed on each Policy Anniversary |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0
Assessed on each Policy Anniversary |
If policy value is:
$0-$1750 = 2%
$1751-$49999.99 = $35
+$49999.99 = $0
Assessed on each Policy Anniversary |
Optional Riders |
●Additional Death Distribution 2003 ●Additional Death Distribution+ ●Living Benefit Rider 2003 ●5 for LifeSM2005 ●Income SelectSM for Life |
●Additional Death Distribution 2003 ●Additional Death Distribution+ ●Living Benefit Rider 2005 ●5 for LifeSM2005 ●Income SelectSM for Life ●Retirement Income
Choice® ●Retirement Income Choice®2008 (with Double Withdrawal Base Benefit) ●Retirement Income Choice®1.2 ●Retirement Income Choice®1.4 ●Retirement Income
Max® |
●Additional Death Distribution 2003 ●Additional Death Distribution+ ●Living Benefit Rider 2005 ●Retirement Income
Choice® ●Retirement Income Choice®2008 (with Double Withdrawal Base Benefit) ●Retirement Income Choice®1.2 ●Retirement Income Choice®1.4 ●Retirement Income Choice®1.6 ●Retirement Income
Max® |
Excess Interest Adjustment |
Yes |
Yes |
Yes |
Asset Rebalancing |
Yes |
Yes |
Yes |
Dollar Cost Averaging Fixed Account
Option |
Yes |
Yes |
Yes |
Nursing Care and Terminal Condition |
Yes |
Yes |
Yes |
Product Feature |
Transamerica Freedom 2003 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2006 Form
Number:
AV864 101 165 103 |
Transamerica Freedom 2008 Form
Number:
AV864 101 165 103 |
Withdrawal Option |
|
|
|
Unemployment Waiver |
Yes |
Yes |
Yes |
S* (G-C)* (M/12) | ||
S |
= |
Gross amount being surrendered that is subject to the Excess Interest Adjustment |
G |
= |
Guaranteed interest rate in effect for the Policy |
M |
= |
Number of months remaining in the current option period, rounded up to the next
higher whole number of months. |
C |
= |
Current guaranteed interest rate then being offered on new premiums 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, plus up to
2% (the amount of the “adjustment” will be based on an actuarial risk based analysis
considering a number of financial criteria including the
prevailing interest rate environment). |
* |
= |
multiplication |
Policy Value at middle of Policy Year 3 |
= 50,000.00 * (1.055) ^ 2.5 = 57,161.18 |
Adjustment Free Amount at middle of Policy Year
3 |
= 57,161.18 - 50,000 = 7,161.18 |
Amount subject to Excess Interest Adjustment |
= 57,161.18 – 7,161.18 = 50,000.00 |
Excess Interest Adjustment floor |
= 50,000.00 * (1.015) ^ 2.5 = 51,896.14 |
Excess Interest Adjustment S * (G - C) * (M/12) where: |
G = .055
C = .095
M = 30
= 50,000.00 * (.055 - .095) * (30/12) |
|
= -5,000.00, but Excess Interest Adjustment cannot cause the
Adjusted Policy Value to fall below the Excess Interest
Adjustment floor, so the adjustment is limited to
51,896.14 - 57,161.18 = -5,265.03 |
Adjusted Policy Value = Policy Value + Excess Interest
Adjustment |
= 57,161.18 + (-5,265.03) = 51,896.15 |
Cash Value at middle of Policy Year 3 = Policy Value + Excess
Interest Adjustment |
= 57,161.18 + (-5,265.03) = 51,896.15 |
Policy Value at middle of Policy Year 3 |
= 50,000.00 * (1.055) ^ 2.5 = 57,161.18 |
Adjustment Free Amount at middle of Policy Year 3 |
= 57,161.18 – 50,000.00 = 7,161.18 |
Amount subject to Excess Interest Adjustment |
= 57,161.18 –7,161.18 = 50,000.00 |
Excess Interest Adjustment floor |
= 50,000.00 * (1.015) ^ 2.5 = 51,896.14 |
Excess Interest Adjustment S * (G - C) * (M/12) where: |
G = .055
C = .045
M = 30
= 50,000.00 * (.055 - .045) * (30/12) = 1,250.00 |
Adjusted Policy Value |
= 57,161.18 + 1,250.00 = 58,411.18 |
Cash Value at middle of Policy Year 3 = Policy Value + Excess
Interest Adjustment |
= 57,161.18 + 1,250.00 = 58,411.18 |
R - E | ||
R |
= |
the requested withdrawal; |
E |
= |
the Excess Interest Adjustment |
Policy Value at middle of Policy Year 3 |
= 50,000.00 * (1.055) ^ 2.5 = 57,161.18 |
Adjustment Free Amount at middle of contract year 3 |
= 57,161.18 – 50,000.00 = 7,161.18 |
Excess Interest Adjustment S * (G - C) * (M/12) where: |
S = 20,000 –7,161.18 = 12,838.82
G = .055
C = .065
M = 30
= 12,838.82 * (.055 - .065) * (30/12) = - 320.97 |
Remaining Policy Value at middle of Policy Year 3 |
= 57,161.18 - (R - E)
= 57,161.18 - (20,000.00 - (-320.97)) = 36,840.21 |
Policy Value at middle of Policy Year 3 |
= 50,000.00 * (1.055) ^ 2.5 = 57,161.18 |
Adjustment Free Amount at middle of Policy Year 3 |
= 57,161.18 - 50,000.00 = 7,161.18 |
Excess Interest Adjustment S * (G - C) * (M/12) where: |
S = 20,000 –7,161.18 = 12,838.82
G = .055
C = .045
M = 30
= 12,838.82 * (.055 - .045) * (30/12) = 320.97 |
Remaining Policy Value at middle of Policy Year 3 |
= 57,161.18 - (R - E)
= 57,161.18 - (20,000.00 – 320.97) = 37,482.15 |
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 for Fund* |
Policy Value (No GMDB
Elected) |
Policy Value (Return of
Premium GMDB Elected) |
Return of Premium
GMDB |
Issue |
N/A |
$100,000 |
$100,000 |
$100,000 |
1 |
-4% |
$94,850 |
$94,700 |
$100,000 |
2 |
18% |
$110,832 |
$110,515 |
$100,000 |
3 |
15% |
$126,182 |
$125,655 |
$100,000 |
4 |
-7% |
$115,899 |
$115,226 |
$100,000 |
5 |
2% |
$116,884 |
$116,033 |
$100,000 |
6 |
10% |
$127,228 |
$126,127 |
$100,000 |
7 |
14% |
$143,577 |
$142,146 |
$100,000 |
8 |
-3% |
$137,618 |
$136,033 |
$100,000 |
9 |
17% |
$159,431 |
$157,391 |
$100,000 |
10 |
6% |
$167,163 |
$164,788 |
$100,000 |
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 |
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 |