Transamerica has worked with Annexus — an indexed annuity designer — to develop a new indexed annuity contract, the Transamerica Secure Retirement Index II Annuity contract.
The contract offers purchasers access to the NYSE Expanded Opportunities Index.
The NYSE Expanded Opportunities Index comes from ICE Data Indices. Like the New York Stock Exchange, ICE Data is a division of the Intercontinental Exchange.
The new contract may also give users access to the S&P 500 index, the MSCI EAFE index and other investment index options, according to a contract form filed with insurance regulators in the District of Columbia.
Transamerica has also updated the optional Transamerica Income Plus lifetime income benefit.