Transamerica announced the availability of its flagship stable value option, the Transamerica Guaranteed Investment Option, on an investment-only basis. The Transamerica Guaranteed Investment Option is now available to almost any retirement plan provider. The option is designed to be compatible with virtually any type of employer-sponsored retirement plan.
The Transamerica Guaranteed Investment Option is a stable value product that guarantees principal and interest. The option’s objective is to provide maximum return consistent with a principal-protected product backed by the financial strength of the Transamerica Life Insurance Company general account.
“Financial advisors and plan sponsors have asked for a stable value solution that can fit any retirement plan provider’s needs. With the Transamerica Guaranteed Investment Option, we are providing that solution to the retirement marketplace as a whole,” said Bradie Barr, President of Transamerica Stable Value Solutions Inc. “This option offers safety through a full guarantee of principal and interest, supported by a portfolio of high-quality, fixed income securities within the general account. In addition, this stable value option offers liquidity to participants, as they can withdraw or transfer funds daily at book value regardless of market conditions.”
A differentiating feature available with this product is a flexible contract holder termination option. In advance of the contract’s issuance, the plan sponsor may select the potential length of a book value termination period to align with their plan’s goals and objectives.
With this stable value option, all deposits are credited with the same interest rate daily. Crediting rates are established based on the prevailing interest rate environment at the time.
The Transamerica Guaranteed Investment Option is available to all qualified retirement plans with a minimum of $5 million in assets to transfer into the account.
To learn more about the Transamerica Guaranteed Investment Option, employers may contact their financial professional or reach out to Transamerica directly at [email protected].