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August 18, 2008 at 11:43 AM
Transamerica Life Insurance Company has introduced the Transamerica Principium II variable annuity contract.
The new VA contract holds costs down by offering most of the usual Transamerica Life VA options and benefits but a choice of just 2 sub-accounts, according to Transamerica Capital, Denver, a unit of AEGON N.V., The Hague, Netherlands.
Holders can choose between one exchange-traded Vanguard index fund and a more aggressive Vanguard index ETF, Transamerica says.
The investment option expense ratio is 0.73%.
