Living benefits

If an excess withdrawal causes the policy value to reach zero, the living benefit and policy will terminate. 

Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% additional federal tax if withdrawn before age 59½. 

Your clients should consider a variable annuity’s investment objectives, risks, charges, and expenses carefully before investing. Go to transamerica.com for prospectuses [link to: /financial-pro/annuities/prospectus] containing this and other information. Encourage them to read it carefully. 

Access the Transamerica Income Edge^SM 1.2 rates and NY rates.  

Access the Transamerica Principal Optimizer^SM rates and the NY rates. 

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

The fee for Transamerica Principal Optimizer is 1.35%. Fee is deducted each benefit quarter in arrears as a percentage of the greater of the withdrawal base or the guaranteed future value. The fee will be deducted on a pro rata basis from the Select and Flexible Options at the end of each living benefit quarter and only deducted from the Stable Account if the other options are exhausted. For New York only, once the Select and Flexible Investment Options are exhausted, no living benefit fee will be deducted. Maximum living benefit fee is 2.50%. 

The Transamerica Income Edge 1.2 fee of 1.45% single life and 1.55% joint life is a percentage of the Withdrawal Base and will be deducted on a pro rata basis from the Select and Flexible Options at the end of each living benefit quarter in arrears and only deducted from the Stable Account if the other options are exhausted. In New York, once the Select and Flexible Investment Options are exhausted, no living benefit fee will be deducted.  Maximum living benefit fee is 2.50% and only deducted from the Stable Account if the other options are exhausted. 

The withdrawal and protection level percentages (if applicable) and living benefit fees along with required allocations, valuation frequency, and minimum benefit age listed within may change and may not be the most current. The most current information is disclosed in the applicable Rate Sheet Prospectus Supplement, which may be amended by us from time to time. Please contact our administrative office to determine whether the information above has been amended. You should not purchase this living benefit without first obtaining the applicable Rate Sheet Prospectus Supplement. 

If you elect an optional living benefit, there are certain underlying investment options offered in the policy that use a volatility control strategy. If you elect one of the optional living benefits, Transamerica requires the Policy Value to be allocated in a manner described in the contract, which may include a volatility control strategy. In periods of high market volatility, volatility control strategies could limit your participation in market gains; this may conflict with your investment objectives by limiting the ability to maximize potential growth of the Policy Value and, in turn, the value of any guaranteed benefit that is tied to investment performance. Volatility control strategies are intended to help limit overall volatility and reduce the effects of significant market downturns during periods of high market volatility, providing policy owners with the opportunity for smoother performance and better risk-adjusted returns. You pay an additional fee for the living benefits which, in part, pay for protecting the living benefit base from investment losses. Since the living benefit base does not decrease as a result of investment losses, volatility control strategies might not provide any meaningful additional benefit. If you determine that underlying funds with volatility control strategies are not consistent with you investment objectives, other investment options are available under the living benefits that do not invest in funds that utilize volatility control strategies. 

Living benefit is referred to as a rider in the contract. 

The living benefits requires a percentage of all premiums be allocated to the Stable Account and the remaining percentage to the Flexible and Select Investment Options.  See Rate Sheet Prospectus Supplement. 

All policies, benefits, and forms may vary by state, and may not be available in all states.  ICC18 TRGL16IC-0318(IS), ICC18 TRGL16IC-0318(IJ), TRGL16FL-0318(IS), TRGL16FL-0318(IJ), FRGL16NY-0318(IS), FRGL16NY-0318(IJ), ICC19 TRGL22IC-R0319(IS), ICC19 TRGL22IC-R0319(IJ), TRGL22FL-R0319(IS), TRGL22FL-R0319(IJ), FRGL22NY-R0319(IS), FRGL22NY-R0319(IJ)