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Special Edition Select - AR Fixed Annuity Product Summary
- Available to clients of RIAs.*
- No commission paid.
- Issue age to 90 years old.1
- No front-end sales load.
- Interest is credited to 100% of premium, less any applicable taxes.
- Several choices of interest rate guarantee period, including 1, 5, and 7-year interest rate guarantee periods.
- Guaranteed minimum rates and an optional return of premium guarantee.
- Access to policy value with a variety of surrender charge free withdrawal options2, including lump sums, systematic payouts, RMD, and nursing care and terminal condition3.
All guarantees are based on the claims-paying ability of Transamerica Life Insurance Company.
* Fees and charges inherent in investing through RIAs will apply.
1 Maximum age of 85 for the state of Oklahoma.
2Any withdrawals in excess of surrender charge free options are subject to either a 5 or 7-year surrender charge schedule (based on policy year) depending on the interest rate guarantee period selected. Surrender charges are based on a percentage of policy value and may incur an excess interest adjustment (only applicable to the 5 and 7-year interest rate guarantee options) and can increase or decrease the amount distributed from the policy and may vary by state. See Product Guide for full surrender charge schedule.
3Nursing Care and Terminal Conditions Option are not available in all states. Restrictions and limitations apply. See policy for details.
| Product Literature |
Product Guide
Additional Information
Fixed Annuity Interest Rates
Administrative Forms |
Withdrawals are subject to ordinary income tax and if taken prior to age 59 1/2, a 10% Federal tax penalty may apply.
The Special Edition Select-AR single premium tax-deferred annuity issued by Transamerica Life Insurance Company - Policy Form No. AS776 107 102 1004 (May vary by state) (May not be available in all states); Florida Policy Form No. AS792 107 102 1004; Oregon Policy Form No. AS800 107 102 1004. |
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