First Trust Equity Edge Index added to
Transamerica Structured Index Advantage Annuity's index
lineup
BALTIMORE, May 20, 2024
/PRNewswire/ -- Today Transamerica announced a new collaboration
with FT Indexing Solutions LLC ("First Trust") that adds the First
Trust Equity Edge Index™ to the popular and
innovative Transamerica Structured Index Advantage®
Annuity.
The new equity index option, Equity First Trust Edge (Nasdaq:
FTEQUEDGE), is exclusively available through Transamerica's
registered index-linked annuity. The index provides additional
exposure to U.S. equities that exhibit high quality and value,
consistent with a balanced investment approach.
"We are excited to work with an experienced manager like First
Trust to offer customers and distribution partners access to an
index that helps address key retirement challenges facing Americans
today," said Liza Tyler,
Transamerica's head of annuity solutions. "First Trust Equity Edge
provides investors with access to growth potential with limits to
downside risk, which is consistent with Transamerica's mission to
help people make the most of what's important to them."
Adding the index enhances Transamerica Structured Index
Advantage Annuity's ability to help investors seeking growth
through a diverse range of indexes as well as protection buffers to
limit downside market risk. The annuity is a cost-effective
solution that reinforces Transamerica's commitment to helping
everyday Americans who are saving to live their best lives in
retirement.
Transamerica's Structured Index Advantage Annuity already
has been extremely popular with customers, surpassing $1 billion in sales in its first two years.
"We believe that partnering with First Trust will accelerate our
growth momentum with its talented distribution force," said
Jonathan Cressman, vice president
and managing director for annuities wholesale distribution for
Transamerica.
First Trust is a leading exchange traded funds provider with
access to a large network of financial advisors. With $200 billion in assets under management, First
Trust will provide exposure to 300 wholesalers and 87,000 financial
advisors who can partner directly with Transamerica wholesalers in
distributing the custom index.
The First Trust Equity Edge Index stands out for its unique
blend of U.S. equities that demonstrate high quality and value.
This innovative approach, which combines two equally weighted
methodologies, is sourced from the Value Line Dividend Index™, a
benchmark of the highest-yielding stocks in the Value Line
universe, and the Nasdaq U.S. Rising Dividend Achievers™ Index,
which tracks companies with a history of increasing dividends. This
ensures that clients have access to a mix of investments to
navigate various market conditions.
About Transamerica
With a history that dates back more
than 100 years, Transamerica is a leading provider of life
insurance, retirement, and investment solutions, serving millions
of customers throughout the United
States. Transamerica's dedicated professionals focus on
helping people live their best lives through saving, investing, and
protecting their loved ones. Transamerica is dedicated to building
America's leading middle market life insurance and retirement
company, with unique access to the large and growing middle market
consumer via World Financial Group and US retirement recordkeeping.
Transamerica provides a broad range of quality individual life
insurance policies, workplace supplemental insurance benefits,
workplace retirement plans, individual retirement accounts, and
investment products including mutual funds, annuities, stable value
solutions, as well as investment management services.
In 2023, Transamerica fulfilled its promises to customers, paying
more than $47 billion in insurance,
retirement, and annuity claims and benefits, including return of
annuity premiums paid by the customer. Transamerica's head office
is in Baltimore, Maryland, with
other major operations in Cedar Rapids,
Iowa, and Denver, Colorado.
Transamerica is part of the Aegon group of companies. Each Aegon
company is solely responsible for its own financial conditions and
contractual obligations. Based in the
Netherlands, Aegon is an international financial services
holding company.
For more information, visit www.transamerica.com.
Annuities issued in all states except New York by Transamerica Life Insurance
Company, Cedar Rapids, Iowa.
Annuities are underwritten and distributed by Transamerica Capital,
Inc., 1801 California St., Suite 5200, Denver, CO 80202, FINRA member. References to
Transamerica may pertain to one or all of these companies.
Registered Index-Linked Annuities are long-term, tax-deferred
vehicles designed for retirement purposes and are not for everyone.
They are subject to possible loss of principal and earnings due to
market fluctuation, investment risks as a result of fees and
charges under the policy including surrender charges, other
transaction charges, and periodic charges.
A current prospectus for this product should either precede
or accompany this material. Before investing, consider the
investment objectives, risks, charges and expenses carefully before
investing. Go to transamerica.com for prospectuses containing this
and other information. Please read carefully.
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.
You cannot directly invest in an index and the annuity does not
participate directly in any stock or equity investments. Stock
dividends on the index are not included as a component of the Index
Value.
All guarantees, including optional benefits, are based on the
claims-paying ability of the issuing insurance company.
The policy may be referred to as a variable annuity, or modified
guaranteed annuity in some states. Not available in Missouri, New
York or Oregon. All
policies, riders, and forms may vary by state and may not be
available in all states. TPVA1400-0720, TRIA1000-R0821
TPVA14FL-0720 (SC), TPVA14OR-0720 (SC), TRIA10OR-R0821
The First Trust Equity Edge Index (FTIS Index) is a product of
FT Indexing Solutions LLC (FTIS) and is administered and calculated
by Bloomberg Index Service Limited and its affiliates
(collectively, BISL). FIRST TRUST® and FIRST TRUST EQUITY EDGE
INDEX™ are trademarks of First Trust Portfolios L.P. (collectively,
with FTIS and its respective affiliates, First Trust). The
foregoing index and trademarks have been licensed for use for
certain purposes by Bloomberg, Transamerica Life Insurance Company
(TLIC), Money Services, Inc., and Transamerica Capital, Inc.,
(Transamerica) in connection with the FTIS Index and the
Transamerica Structured Index Advantage Annuity. The Nasdaq
U.S. Rising Dividend Achievers™ INDEX (Nasdaq Index) is a product
of Nasdaq, Inc., (which, with its affiliates, is referred to as the
Nasdaq). NASDAQ® and NASDAQ U.S. RISING DIVIDEND ACHIEVERS™ are
trademarks of Nasdaq. The foregoing index and trademarks have been
licensed for use for certain purposes by FTIS and Transamerica in
connection with the FTIS Index and Transamerica Structured Index
Advantage Annuity.
The Value Line Dividend Index (Value Line Index) is a product of
Value Line, Inc., (Value Line). VALUE LINE® and VALUE LINE DIVIDEND
INDEX™ are trademarks of Value Line. The foregoing index and
trademarks have been licensed for use for certain purposes by FTIS
and Transamerica in connection with the FTIS Index and
Transamerica Structured Index Advantage Annuity. The FTIS
Index is not sponsored, endorsed, recommended, sold, or promoted by
Value Line and Value Line makes no representation regarding the
advisability of investing in the FTIS Index.
BLOOMBERG® is a trademark and service mark of
Bloomberg Finance L.P. Bloomberg Finance
L.P., BISL, and their affiliates (Bloomberg) are not
affiliated with First Trust. Bloomberg's relationship to First
Trust is only (1) in the licensing of the FIRST TRUST® and FIRST
TRUST EQUITY EDGE INDEX™ trademarks and (2) to act as the
administrator and calculation agent of the FTIS Index. Bloomberg
does not guarantee the timeliness, accurateness, or completeness of
the FTIS Index or any data or information relating thereto and
shall have no liability in connection with the FTIS Index or any
data or information relating thereto. Transamerica Structured
Index Advantage Annuity is not issued, sponsored, endorsed,
sold, recommended, or promoted by First Trust, Bloomberg, Nasdaq,
Value Line, or their respective affiliates (collectively, the
Companies). The Companies do not make any representation regarding
the advisability of investing in Transamerica Structured Index
Advantage Annuity or products based on the FTIS Index, Nasdaq
Index, or Value Line Index, do not make any warranties or bear any
liability with respect to such products, and do not make any
warranties or bear any liability with respect to Transamerica
Structured Index Advantage® Annuity or another party's
index.
Media inquiries:
Email: Media.Relations@transamerica.com
Hank Williams
(319) 355-7789
Erin Yang
(303) 383-5295
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SOURCE Transamerica