Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Variable annuity debuts with lower costs

Your article was successfully shared with the contacts you provided.

A partnership between Advisor Resources (a division of Aegon) and Transamerica Life Insurance Co. has resulted in a new, lower-cost variable annuity. Dubbed the Transamerica Advisor Elite, the annuity has no surrender fees and no front-end sales loads.

Some of the features of the new product include:

  • One-on-one guidance from licensed team members
  • Paperwork completion
  • Comparative analysis
  • Direct downloads

For an additional fee, an optional living benefit rider called Income Select for Life can be combined with the annuity to provide an additional death benefit and guaranteed lifetime withdrawals. The guarantees are backed by Transamerica. Some of the funds included in the Advisor Elite lineup are Vanguard, Fidelity, T. Rowe Price and more.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.