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About Transamerica
Transamerica Life Insurance Company is a subsidiary of Aegon, one of the world's largest financial services companies. A major issuer of variable annuities and a growing presence in the registered index-linked annuity (RILA) space, Transamerica offers products designed for both accumulation and income strategies. Known for broad investment menu options and competitive structured buffer strategies, Transamerica serves investors seeking market-linked growth with downside protection.
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How we scored them
Income Options84/100
Financial Strength88/100
Fees & Costs79/100
Flexibility86/100
Customer Service80/100
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The tradeoffs
What works
- Broad variable subaccount menu (74+ funds from leading managers)
- Competitive structured buffer RILA products with no-fee income rider options
- Multiple share classes and living benefit rider options for flexible planning
- Strong backing from Aegon's global financial strength
- Shorter surrender periods on B-Share and L-Share variable annuities
What to watch
- Variable annuity fee stacking can reach 3%+ with riders and subaccount expenses
- RILA products require more investor sophistication than traditional FIAs
- Fixed indexed annuity lineup is limited compared to variable offerings
- Product complexity requires careful evaluation of cost layers
- Not available in New York; limited state availability on some products
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Best fit for these buyers
Investors comfortable with RILA structure seeking income with market-linked growth opportunity
Buyers who want broad variable investment options inside an annuity wrapper
Those seeking guaranteed income at competitive costs (no-fee RILA income rider)
Ages 55-75 planning for retirement income through diversified structured products