The product is designed to offer multiple ways for investors to tailor lifetime income while accessing a range of index account options.
Maryland-headquartered Transamerica Life Insurance Company (Transamerica) has introduced the Transamerica Structured Index Advantage Income Annuity (TSIA Income), a registered index-linked annuity (Rila) offering protected lifetime income with added flexibility around when and how payments begin. Rider withdrawal percentages will increase when investors defer income The Rila provides protected, non-reducing income for life, with guaranteed payments that will not fall below the initial rider