What is a variable annuity series B-share?
The Transamerica Variable Annuity Series B-Share offers a seven-year surrender charge schedule and the ability to customize your annuity with optional living and death benefits.
Is Transamerica A good annuity company?
Transamerica Life Insurance Company has received high ratings from the industry’s most respected independent rating services — A.M. Best Company, Moody’s Investors Service, and S&P Global Rating Services.
Is Transamerica the same as Vanguard?
Transamerica Financial Life Insurance Company is the issuer of the Vanguard Variable Annuity contracts in the State of New York.
What is AB share annuity?
B-Share Variable Annuity refers to a form of variable annuity contract that has no initial sales charge. However, if the contract is cancelled the holder will have to pay deferred sales charges. This is the most common form of annuity contract.
What is an L share annuity?
L share annuities are a class of variable annuity that allows for shorter surrender periods, typically 3-4 years. Other variable annuity classes typically have surrender periods of up to 10 or more years.
Who owns the Vanguard?
Vanguard offers two classes of most of its funds: investor shares and admiral shares….The Vanguard Group.
| Type | Privately held company |
|---|---|
| Key people | Mortimer J. Buckley (Chairman & CEO) |
| Products | Mutual funds Exchange-traded funds Broker Asset management Sub-advisory services |
| Revenue | $6.936 billion (2020) |
| AUM | $7.1 trillion (2020) |
Did Vanguard stop selling annuities?
The market landscape will shift with Vanguard’s exit from the annuity market announced this week. This week Vanguard announced its exit from selling annuities to consumers. The shift encompasses both variable annuities and income annuities.
What are the benefits of a Transamerica B share variable annuity?
Transamerica B-Share Variable Annuity Offering a seven-year surrender charge schedule and the ability to customize the annuity with optional living and death benefits. These provide additional opportunities to grow and protect retirement income and transfer assets to loved ones.
What are investment options for Transamerica Life Insurance?
Investment options may vary by states. These investment options are intended to be sold to certain asset allocation portfolios and to separate accounts of Transamerica Life Insurance Company or Transamerica Financial Life Insurance Company to fund the benefits under certain individual flexible premium variable insurance policies.
Where are the Transamerica Life Insurance offices located?
Transamerica Life Insurance Company Separate AccountVA B (EST. 1/19/1990) 4333 Edgewood Road NE Cedar Rapids, Iowa 52499-0001 (800)525-6205 www.transamerica.com Transamerica Financial Life Insurance Company Separate AccountVA BNY (EST. 9/27/1994) 4333 Edgewood Road NE Cedar Rapids, Iowa 52499-0001 (800)525-6205 www.transamerica.com
Is there a fee for Transamerica accumulation phase?
During the accumulation phase, 12 free transfers between subaccounts are allowed each year without a fee. Restrictions apply. Please see prospectus for details. ($10 fee per transfer, thereafter.) The opportunity to receive guaranteed lifetime payments through a variety of payment schedules and options, should the policy be annuitized.