Transamerica Structured Index Advantage Annuity NY
Transamerica Structured Index Advantage Annuity NY
About Product
The Transamerica Structured Index Advantage Annuity NY is a registered index-linked annuity that offers a distinctive combination of benefits you can tailor to meet specific needs. Take advantage of opportunities for tax-deferred investment growth while limiting your risk to market downside
- Lock in Index gains at the end of the business day
- Your money moves into the Performance Lock Account
- Flexibility to re-enter initial Index Account Option
- Earn a fixed interest rate in the Performance Lock Account
- Re-enter the same Index Account Option, at no cost, on any remaining Allocation Monthiversary before your Allocation Anniversary
- Opportunity to reallocate at the Allocation Anniversary
- At the Allocation Anniversary, if you choose not to re-enter, you can choose any available Index Account Option, and a new Crediting Period begins
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| Performance Lock Account |
Fixed
|
3.5%
Fixed
|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| Fixed Holding Account |
Fixed
|
2.5%
Fixed
|
| 1-Year S&P 500 PTP Cap with 15% Buffer |
Point to Point
Annual
|
11.75%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
15.5%
Cap
|
| 6-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
6-Year
|
125%
Cap
|
| 2-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Biennial
|
28%
Cap
|
| 2-Year S&P 500 PTP Cap with 15% Buffer |
Point to Point
Biennial
|
24%
Cap
|
| 6-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
6-Year
|
75%
Cap
|
| 6-Year S&P 500 Triple Edge Advantage with 10% Buffer |
Triple Edge Advantage
6-Year
|
30%
Performance triggered
|
| 2-Year S&P 500 Triple Edge Advantage with 10% Buffer |
Triple Edge Advantage
Biennial
|
10%
Performance triggered
|
| 1-Year S&P 500 Triple Edge Advantage with 10% Buffer |
Triple Edge Advantage
Annual
|
5%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Transamerica Structured Index Advantage Annuity NY annuity.
Waivers
Hospital
After the policy issue date, the policyholder may withdraw all or part of the Policy Value if they or their spouse were to be confined to a hospital or nursing facility for 30 consecutive days or diagnosed with a terminal condition with less than one year to live (a minimum withdrawal of $1,000 applies).
Nursing Home
After the policy issue date, the policyholder may withdraw all or part of the Policy Value if they or their spouse were to be confined to a hospital or nursing facility for 30 consecutive days or diagnosed with a terminal condition with less than one year to live (a minimum withdrawal of $1,000 applies).
Terminal Illness
After the policy issue date, the policyholder may withdraw all or part of the Policy Value if they or their spouse were to be confined to a hospital or nursing facility for 30 consecutive days or diagnosed with a terminal condition with less than one year to live (a minimum withdrawal of $1,000 applies).
Premium Notes
- $1,000,000 provided that you, any joint Owner, and the Annuitant were all younger than age 81 on the date you signed the application; or
- $500,000 if you, any joint Owner, or the Annuitant were at least age 81 on the date you signed the application.
Withdrawal Provisions
Withdrawal AmountThe surrender charge-free amount each policy year is equal to the greater of 10% of the total premium payments, less any withdrawals taken in the same policy year or the earnings, plus premiums that have reached the end of the surrender charge period. Earnings may be withdrawn anytime, free of surrender charges. Withdrawals from the Fixed Holding Account are not permitted until all other Account Options have been depleted of value. Minimum withdrawal amount is $500. Systematic PayoutMonthly, quarterly, semiannual, or annual withdrawals ($50 minimum)
- A.M. Best A
- S&P A+
- Moody's A1
- Comdex 84
Other Transamerica NY Products
Similar Products
