Products and Services: SecurePath Variable Annuity: SecurePath by Transamerica

Products and Services

Contact Us

The SecurePath Variable Annuity With Income Select For Life Rider

What you need to know

Approaching retirement no longer means retreating to a rocking chair. Today's retirees want to have more freedom and choices, rather than less. They want to move into their retirement confidently. A variable annuity is one option that can play a valuable role in helping meet retirement needs. And an understanding how a variable annuity works is an essential part of that process.

What is a variable annuity?

Variable annuities are long-term financial vehicles designed for retirement purposes. They're essentially a contract between you and an insurance company: you pay the insurance company a sum of money — either in a lump sum or over a period of time — in return for guaranteed^* lifetime payments either now or later, depending on your situation. Variable annuities offer these important features:

Guaranteed lifetime income
Tax deferral^**
Multiple investment options
Death benefit

The SecurePath Variable Annuity is available without front-end sales or surrender charges.

Fees and charges: 1) A listing of portfolio expenses is available via prospectus, 2) The annual Mortality & Expense risk fee & Administrative charge (M&E&A) is 0.65%, 3) The annual optional rider fees range from 0.40% to 0.90%, 4) Transamerica reserves the right to assess a Service Charge of up to $35 ($30 in New York) for policy administrative expenses. At this time, Transamerica is not assessing the Service Charge.

^*	All guarantees are based on the claim-paying ability of the issuing insurance company.
^**	The withdrawal of taxable amounts will be subject to ordinary income taxes and, if taken prior to age 59½, a 10% federal tax penalty may apply. There is no additional tax deferral benefit derived from placing IRA or other tax-qualified assets into an annuity. Features other than tax deferral should be considered in the purchase of a qualified annuity.

Please consider variable annuity investment objectives, risks, charges, and expenses carefully before investing. The contract and underlying fund prospectus contain this and other information about the annuity. Please call 1-866-300-0028 to obtain a prospectus and read it carefully before investing.

The Benefits

The SecurePath Variable Annuity¹ With Income Select For Life Rider

When you purchase a SecurePath Variable Annuity with the Income Select for Life Rider, you will enjoy many benefits, including:

A product that may help you grow assets for retirement
Subaccount options ranging from capital preservation to growth, expertly managed by Morningstar Associates²
And most importantly, guaranteed living benefits that can provide payments for life

Variable annuities can play an important role in your plan for retirement, but they are not for everyone. Before investing, you and your investment professional should discuss aspects of variable annuities that affect their appropriateness for your situation, including cost, investment timeframe and other retirement investments you may have. Variable annuities are subject to investment risk, including possible loss of principal. Due to fluctuating market conditions, at the time of distribution, your annuity value may be more or less than the total of all premium payments.

Our Financial Advisors – licensed Investment Advisor Representatives from InterSecurities, Inc. – can help you determine whether an annuity is appropriate for you. Considerations should include: age, income, net worth, tax status, insurance needs, financial objectives, liquidity needs, time horizon, risk tolerance and any other applicable information. Together, we can decide if an annuity is right for you.

SecurePath Variable Annuity is issued by Transamerica Life Insurance Company, Cedar Rapids, IA, and is authorized to conduct business in all states except New York, and Transamerica Financial Life Insurance Company, Purchase, NY, which is authorized to conduct business in New York only. Underwritten and distributed by Transamerica Capital, Inc. Member NASD.

All policies, riders, and forms may vary by state, and may not be available in all states.

AV1114 101 185 104, AV1119 101 185 104, AV1341 101 179 1003 in New York. RGMB 18 0106, RGMB 18 0106 (FL) (IS), other versions also available, RGMB 18 0106 (NY) (GS), RGMB 18 0106 (NY) (IJ), RGMB 18 0106 (NY) (IS)

Morningstar Associates, LLC., a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., serves as portfolio construction manager to the Asset Allocation portfolios.

Morningstar Subaccounts

When you purchase the SecurePath Variable Annuity, you can choose from a selection of subaccounts ranging from capital preservation to growth. Transamerica offers three Asset Allocation subaccounts managed by Morningstar Associates that offer an easy way to diversify your premiums. Diversification may help reduce the risks of inflation and market volatility – two factors that inhibit the growth of your portfolio. By diversifying, you are spreading your money across asset classes and equity styles. Keep in mind that asset allocation does not ensure a profit or guarantee against a loss.

The Morningstar Associates asset allocation process is as follows:

Design the Asset Allocation subaccounts
Select the underlying investment options
Monitor for style drift and stock overlap
Rebalance with daily net cash flows
Construct portfolios using holdings-based analysis

The Options

Guaranteed income^* and other resources for your journey.

The SecurePath Variable Annuity offers a variety of standard features that make managing your annuity easier. It also gives you the opportunity to customize your annuity with optional living benefits that give you additional choices for providing income. Transamerica features a living benefit rider called Income Select for Life. For an additional fee, you can customize your variable annuity with features that can help you grow your assets and receive lifetime income.

Income Select for Life

Transamerica's Income Select for Life allows you to tailor your variable annuity to what you need.

Withdrawal^** benefit. You will receive guaranteed income for life — no matter what the market does or how long you live. The withdrawal percentage is based on your age when you first begin withdrawals, and ranges from 4.5% of the Total Withdrawal Base (TWB) if you start at ages 59-64, up to 8.0% for ages 95 and above. The longer you wait to begin withdrawals, the higher your annual withdrawal percentage may be. Also, the withdrawal percentage may not change once withdrawals have started unless the rider is upgraded.

The amount you can withdraw each year will depend on your age at the time you begin taking withdrawals.
Withdrawals are guaranteed, even if the policy value falls to zero
You have the potential to increase your withdrawal amount through rider upgrades within 30 days following the rider anniversary. When you upgrade, the current rider will terminate and a new rider with its own terms and conditions, including the fee and growth rate (if applicable), which may be higher or lower than your current rider, will be issued.

Single or joint structure.¹ You can also choose to structure the rider as joint or single life. Note that if the rider is structured as joint life, the withdrawal percentage will be based on the younger of the annuitant or the annuitant's spouse at the time of the first withdrawal, and the fee will be higher than for single life.

Growth benefit. If you are not yet ready to take withdrawals, for an additional fee you will receive guaranteed, current 5% compounded annual growth on your TWB – the amount upon which your withdrawals will be based later – for up to 10 years or until you begin taking withdrawals, whichever comes first.

	The rider may be terminated within 30 days following each rider anniversary.
^*	All guarantees are based on the claims-paying ability of the issuing insurance company.
^**	Distributions cease if withdrawals in excess of the percentage allowed under the rider reduce the TWB (amount upon which your withdrawals will be based on) to zero. Withdrawals in excess of the maximum annual withdrawal amount will reduce the minimum remaining withdrawal amount by the greater of the dollar amount of the excess withdrawal or a pro rata amount, possibly to zero. Income Select For Life withdrawals reduce the policy value, death benefit and other annuity values.
¹	Joint growth option is not available in New York.

SecurePath by Transamerica