Transamerica

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The companies of Transamerica offer a wide array of financial services and products. The company's mission is to help individuals, families, and businesses build, protect, and preserve their hard-earned assets. The Transamerica companies are members of the AEGON Group, a multinational insurance organization headquartered in The Hague, Netherlands. AEGON is one of the world's leading life insurance and financial services organizations. The products and services available to individuals and families include life insurance, financial planning, fixed annuities, variable annuities, mutual funds and investment management.

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Products Offered

General Information
Websitewww.transamerica.com
TypeInsurance Company
Founded1967
Ownership
CountryUSA
Contact Information
Address4 Manhattanville Road
New York, NY 10577
Phone800-821-9090
Fax852-2877-6220, 704-330-7947

Information & Articles about Transamerica

Fixed Annuity Market Challenges

A very good article from Darla Mercado at Investment News discusses the current challenges that insurers face in the fixed annuity market.

The challenges basically involve two issues:

Aegon Modifying U.S. Variable Annuity Products

The Dutch insurance and financial services giant Aegon appears to be rethinking its U.S. based variable annuity business.

It is reported that Aegon is making a move to apply a macro equity hedge to its in-force variable annuity contracts.

The company is also considering the sale of its life reinsurance business, Transamerica Re.

Standalone Living Benefits Provide Guaranteed Income without Annuities

The standalone living benefit (“SALB”) is a relatively new and innovative product in the retirement income arena.

A SALB is basically the same thing as the guaranteed lifetime withdrawal benefit (GLWB) that accompanies many variable annuities.  The GLWB feature allows the contract holder to withdraw a fixed percentage of the total annuity premiums each year regardless of market performance.

While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.

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