Transamerica Life Insurance Enhances Variable Annuity Rider

According to Transamerica, the latest modifications provide cost flexibility and additional investment options, while the core benefits of the rider remain intact.

Clients can elect an open allocation option, which provides access to any investment option available with the annuity. The company said that the ability to allocate a 100% equity structure may be attractive to clients interested in a bull market strategy with insurance protection for future income. With this allocation option, Transamerica can utilize the open allocation method, which is designed to manage policy value in relation to the rider's guarantees.

Transamerica Life Insurance Enhances Variable Annuity Rider
Source: Insurance-Business Review