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Transamerica Insurance Company - MygaMark Series Annuity

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Overview

What’s in it for my Clients? Strength The backing of a highly recognized A+ rated† carrier. Performance Three products with competitive rates: 3-, 5-, or 7-year terms. Additional first-year interest is available on each premium payment and restart. MygaMarkSM 3: 0.5%. MygaMarkSM 5: 1.5%. MygaMarkSM 7: 1.0%. See the Interest Rate Update for current rates. Rates are subject to change without notice. Multiple end-of-term options. Purpose Surrender charge-free withdrawals after 30 days** including: Nursing Care and Terminal Condition Withdrawal Options, which allow partial to full access regardless of issue age.†† 10% of term value for MygaMarkSM 7 and 5% for MygaMarkSM 3 and 5 (for the Guaranteed Term Options). Convenient "checkbook" access.§ Full annuity value at death, regardless of issue age. Whats in it for Me? An opportunity to strengthen your product portfolio today and help build assets under management tomorrow! MygaMarkSM rewards clients who want to benefit from competitive interest rates plus tax-deferred growth, access, and guarantees backed by Transamerica Life Insurance Company. It's also appropriate for concept sales such as split annuities. Each product focuses on a different client need: MygaMarkSM 3 - Shorter surrender charge schedule. MygaMarkSM 5 - 1.5% additional first-year interest. MygaMarkSM 7 - 5% greater surrender charge-free withdrawal amount than MygaMarkSM 3 or MygaMarkSM 5. Issues to age 90! Enjoy competitive commissions (including commission on restarts!) and Rewards points toward topflight merchandise and travel.

 

Guaranteed Term Options

What's in it for my Clients? The growth opportunity of competitive interest rates and the flexibility of several end-of-term options. Unlimited withdrawal window at the end of any term! Guaranteed Term Option Available for initial premium and restart amounts. Credits interest daily at a rate declared and guaranteed† for a 3-, 5-, or 7-year term period (term differs by product selected). At the end of the term, clients can: Surrender the contract without surrender charges or market value adjustment. Restart with the same Guaranteed Term Option period (applicable surrender charge schedule and MVA will begin anew). Remain inforce in the Guaranteed Annual Term. Guaranteed Annual Term Available for transfer and renewal premium. Credits interest daily at a rate declared and guaranteed for one year. Values transferred to the Guaranteed Annual Term are not subject to surrender charges or market value adjustment. What's in it for me? Simplicity and ease of sale! No administrative charges or complicated crediting rate strategies to explain. Term choices appeal to a variety of clients, from those seeking shorter surrender charge schedules to those concerned about access.

Withdrawal Options

What's in it for my Clients? Peace of mind knowing they can access their term value for unplanned situations. Surrender Charge-Free Withdrawals Starting the first year, clients can access the greater of the minimum required distribution associated with the contract or: 5% of term value with MygaMarkSM 3 and MygaMarkSM 5. 10% of term value with MygaMarkSM 7. Nursing Care and Terminal Condition Withdrawal Options† Regardless of issue age, the owner and his/her spouse (or annuitant or annuitant's spouse if owner is an entity) can access all or part of the greater of the annuity value or minimum guaranteed surrender value without company-imposed surrender charges or MVA if one of them is: Confined for at least 30 consecutive days to a hospital or nursing facility. Diagnosed with a terminal condition. Confinement or diagnosis must be made on or after the contract effective date. Surrender charge-free withdrawals may be taken through: "Checkbook" access†† - Owners can write two "checks" per year for a minimum of $500 per draft. Systematic Income - Clients can take withdrawals on an annual, semiannual, quarterly, or monthly basis. Substantially Equal Periodic Payments (SEPP) - Allows clients to avoid income tax penalties on withdrawals prior to age 59½. Market Value Adjustment (MVA)§ Applies only to the Guaranteed 3-, 5-, or 7-Year Term Option. This adjustment is triggered when more than the surrender charge-free withdrawal amount is accessed in any contract year. The MVA is based on a formula that recognizes changes in the Constant Maturity Treasury Rate over time. The adjustment, which applies to each premium only during its surrender charge period, can be positive or negative and is waived at death. Surrender Charges Per Premium Year (based on each premium payment or restart amount): MygaMarkSM 3: 9, 8, 7, 0%. MygaMarkSM 5: 9, 8, 7, 6, 5, 0%. MygaMarkSM 7: 9, 8, 7, 6, 5, 4, 3, 0%. What's in it for me? The ability to reassure clients concerned about liquidity. Clients are especially comforted, knowing they can write a "check" if necessary.

Competitive Compensation

What's in it for me? Up to 4% GA-level commissions. Weekly commission payments. 24-hour access to product, policyholder, and commission information. Print-on-demand forms. Commissions paid on restart premium (50% of new premium rate at client's attained age). Extra compensation through Rewards!

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