updated 5/2/2011 10:16:37 AM ET 2011-05-02T14:16:37

DENVER, May 2, 2011 (GLOBE NEWSWIRE) -- Transamerica today introduced six new investment options to its variable annuity platform. With the new additions, Transamerica has increased the number of quality and compelling portfolios eligible for use as designated options with Transamerica's flagship Retirement Income Choice® 1.2 rider.

"We are strategically including new investment options and maintaining our rider features as investors seek additional solutions for their retirement needs," said Dave Paulsen, Chief Sales Officer at Transamerica Capital Management. "We remain committed to providing powerful investment options and helpful variable annuity strategies. The addition of these subaccounts means financial professionals have even greater flexibility in the allocation process, allowing clients to take advantage of opportunities available with our living benefit riders."

Four new "dynamic" funds address this need by offering tactically managed funds designed to outperform comparable static (composite) benchmarks, reduce downside capture while maintaining a high upside capture, and keeping fund expenses competitive.

The four funds are:

  • Transamerica AEGON Active Asset Allocation – Moderate Growth VP – Service Class
  • Transamerica AEGON Active Asset Allocation – Moderate VP – Service Class
  • Transamerica AEGON Active Asset Allocation – Conservative VP – Service Class
  • Transamerica JPMorgan Tactical Allocation VP – Service Class

Two new bond fund investment options bolster the C Group Designated Investment Options available in the Retirement Income Choice® 1.2 rider. The two funds are:

  • Transamerica PIMCO Real Return TIPS VP – Service Class
  • Transamerica JPMorgan Core Bond VP – Service Class

While the new investment options provide additional diversification, the core benefits of the Retirement Income Choice® 1.2 rider remain intact.

Financial professionals interested in learning more should contact the Transamerica sales desk at 1-800-851-7555. Investors should contact the customer care group at 1-800-525-6205.

Variable annuities are long-term financial vehicles designed for retirement purposes and contain underlying investment portfolios that are subject to market fluctuation, investment risk and possible loss of principal.

Before investing, consider a variable annuity's investment objectives, risks, charges, and expenses. Call 1-800-525-6205 for a contract and fund prospectus containing this and other information. Please read it carefully.

Variable annuities issued by Transamerica Life Insurance Company in Cedar Rapids, Iowa and Transamerica Financial Life Insurance Company in Harrison, New York (Transamerica). Annuities are underwritten and distributed by Transamerica Capital, Inc. Transamerica Capital Management is a business unit of Transamerica Capital, Inc.

Transamerica Financial Life Insurance Company is licensed in New York.

Transamerica variable annuities' range of fees and charges include 0.60%–1.90% M&E&A, 0%–9% surrender charges, $30–$35 annual fee, and investment option management fees. A fund facilitation fee of up to 0.30% annually may apply for certain investment options. The rider initial fees range from 0.45%–1.90% annually, depending on options chosen. The rider fee percentage may increase beginning with the fifth rider anniversary with an automatic step-up. The maximum rider fee allowed is 0.75% higher than the initial fee.

All guarantees, including optional benefits, are based on the claims-paying ability of the issuing insurance company.

Withdrawals of taxable amounts are subject to ordinary income taxes and, if taken prior to age 59½, a 10% federal tax penalty may apply.

Investment options are restricted. Please see prospectus for details.

About Transamerica Capital, Inc.

Transamerica Capital, Inc. is the underwriting and wholesaling broker/dealer for Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company variable annuities. Transamerica works with financial professionals at wirehouse, regional, independent, and bank firms to provide a variety of insurance and investment solutions. All of the companies are AEGON companies.

About AEGON N.V.

AEGON N.V. is an international life insurance, pension and asset management company based in The Hague, The Netherlands.  With businesses in over twenty markets in the Americas, Europe and Asia, the AEGON companies employ approximately 27,500 people and have over 40 million customers across the globe. 

All policies, riders, and forms may vary by state, and may not be available in all states. RGMB 35 0109, RGMB 36 0109, RGMB 35 0109 (IS) (FL), RGMB 36 0109 (IS) (FL), other versions also available, RGMB 35 0109 (IS)(OR)(R12/10), RGMB 35 0109 (IJ)(OR)(R12/10), RGMB 35 0109 (AS)(OR)(R12/10), RGMB 35 0109 (AJ)(OR)(R12/10), RGMB 36 0109 (IS)(OR)(R12/10), RGMB 36 0109 (IJ)(OR) (R12/10), RGMB 36 0109 (AS)(OR)(R12/10), RGMB 36 0109 (AJ) (OR)(R12/10), RGMB 35 0109 (IS) (NY), RGMB 35 0109 (AS) (NY), RGMB 35 0109 (IJ) (NY), RGMB 35 0109 (AJ) (NY)

VPSFUND0511

CONTACT: Ann Hynek
         720-482-1501
         ahynek@transamerica.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.94%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com