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February 07, 2007 at 02:26 PM
Transamerica Occidental Life Insurance Company has introduced the TransIndex UL policy.
The policy is an individual, flexible-premium, equity indexed universal life policy, according to Transamerica Occidental, Los Angeles.
The index rates are based in part on changes in the Standard & Poor’s 500 Composite Stock Price Index, minus 3 percentage points, up to a cap of 21%, Transamerica Occidental reports.
The minimum interest rate in the basic interest account is 2%, and the minimum rate in the account linked to the S&P 500 Index is 0%, the company says.
