Transamerica Releases White Paper – “The ‘Self-Made Pension’”
DENVER--(BUSINESS WIRE)-- The recent decline in retirement savings has left many investors wondering if they will ever be able to retire confidently, according to a white paper released today by Transamerica. Fortunately, today’s investors have access to a breed of insurance products designed to guarantee a reliable income for life.
The white paper, titled “The ‘Self-Made Pension’” examines:
- Common retirement income risks and ways to protect portfolios through a concept called product allocation.
- The three silos of product allocation, including guaranteed income products like deferred variable annuities with guaranteed minimum withdrawal benefits (GMWB).
- How a GMWB works and investor preference for guaranteed income.
The paper cites several notable academic studies in supporting the discussion that variable annuities with GMWBs should be considered an integral part of a retirement income plan.
“Retiring comfortably is a significant challenge in any market environment, and variable annuities with GMWB riders continue to provide reliable, lifetime income in the wake of the financial crisis,” said Tom Swank, President and CEO of Transamerica Capital Management. “While traditional asset allocation may help investors build wealth, product allocation can address financial risks as investors draw down their assets in retirement. A variable annuity with a GMWB can be a key component of a `self-made pension,' as described on our latest white paper.”
Financial professionals may obtain the white paper at the Transamerica Retirement Income Solutions Microsite, or by calling the Transamerica sales desk at 1-800-851-7555. Investors interested in learning more should speak with their financial professional or contact the customer care group at 1-800-525-6205.
Variable annuities are long-term financial vehicles designed for retirement purposes and contain underlying investment portfolios that are subject to market fluctuation, investment risk and possible loss of principal.
Variable annuity costs generally include mortality and expense risk fee, administrative charge, surrender charge, subaccount management fees, and fees for optional riders like a GMWB.
Please consider variable annuity investment objectives, risks, charges, and expenses carefully before investing. The contract and underlying fund prospectus contain this and other information about the annuity. Please call 1-800-525-6205 to obtain a prospectus and read it carefully before investing.
Annuities issued by Transamerica Life Insurance Company in Cedar Rapids, Iowa and Transamerica Financial Life Insurance Company in Harrison, New York (Transamerica). Annuities are underwritten and distributed by Transamerica Capital, Inc.
Transamerica Financial Life Insurance Company is licensed in New York.
About Transamerica
Transamerica companies market an array of life insurance, annuities, retirement solutions and investments designed to help individuals, families, and businesses build, protect and preserve their assets. The Transamerica companies are members of the AEGON companies. For more information about Transamerica, visit www.transamerica.com.
About Transamerica Capital, Inc.
Transamerica Capital, Inc. is the underwriting and wholesaling broker/dealer for variable annuities issued by Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company. All of these companies are AEGON companies. Transamerica Capital, Inc. works with financial professionals at wirehouse, regional, independent, and bank firms to provide a variety of insurance and investment solutions. Transamerica Capital Management is an operating division of Transamerica Capital, Inc., Transamerica Life Insurance Company, and Transamerica Financial Life Insurance Company.
About AEGON N.V.
AEGON N.V., based in The Hague, The Netherlands, has life insurance, pension and investment businesses in over 20 markets in the Americas, Europe and Asia. AEGON companies employ approximately 28,000 people and have over 40 million customers across the globe. For more information about AEGON, visit www.aegon.com.
Transamerica Capital, Inc.
Ryan Hoffman, 720-482-1505
[email protected]
Source: Transamerica Capital, Inc.
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