Transamerica - Insurance, Investments & Retirement

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93292_TransamericaBulletin_SpecialUpdate_Header

Adjustments to Caps and Maximum Illustrated Rates

Effective May 2, 2016, Transamerica will adjust the cap rates and maximum illustrated rates for new business and inforce index universal life products, including TransNavigator® Index Universal Life. There are several economic factors, including the continued low interest rate environment, that make this necessary.

We understand this kind of change may pose challenges for you and our customers, but it's essential that we remain focused on our ability to meet our long-term commitments to policy holders.

Important to note:
  • The maximum illustrated rates will be reflected for new sales, as well as inforce illustrations. We recommend using the new maximum illustrated rate immediately to ensure that policies issued after May 2 will reflect the same rate as was illustrated.
  • The caps and rates for the TFLIC Freedom Index Universal Life IISM and TFLIC Freedom Global IUL IISM policies are still available in New York and will not be affected by the cap rate change.
  • The inforce Freedom Index Universal Life IISM and Freedom Global IUL IISM policies that are no longer sold, in all other states besides New York, will not be affected by the cap rate change.


New cap rates and maximum illustrated rates are as follows:

Product
TransNavigator®

Current Cap Rate 
Cap Rate Effective 5/2 Floor
Current Maximum Illustrated Rates Maximum Illustrated Rates Effective 5/2
S&P 500® Index Account
12.00% 10.50%
0.00% 6.90%  6.26%
S&P 500® Plus Index Account
16.00% 15.00% 0.00% 6.90% 6.26%
Global Index Account
14.00% 12.00% 0.00% 6.90% 6.26%
Global Plus Index Account
20.00% 18.00% 0.00%
6.90% 6.26%


Inforce products (no longer open to new sales)

Product Current Cap Rate Cap Rate Effective 5/2 Floor
Current Maximum Illustrated Rates Maximum Illustrated Rates Effective 5/2
TLIC Freedom® Equity Index Universal Life 12.50% 10.00%
1.00% 7.22% 6.9%
TFLIC Freedom® Equity Index Universal Life
12.50% 10.00% 1.00% 8.13% 6.9%
TLIC Freedom® Index Universal Life 12.50% 10.00% 1.00% 7.22% 6.9%
TFLIC Freedom® Index Universal Life 12.50% 10.00% 1.00% 8.13% 6.9%
TLIC Global Index Universal Life 13.25% 11.00% 1.00% 8.57% 7.7%
TFLIC Global Index Universal Life 13.25% 11.00% 1.00% 8.94% 7.7%


If you have any questions, please contact your
Transamerica Sales Desk.

AF1476248-0416 Cap Change
For Agent Use Only. Not For Distribution To The Public.


Life insurance products issued by Transamerica Life Insurance Company, Cedar Rapids, IA., or Transamerica Financial Life Insurance Company, Harrison, NY. Products may not be available in all jurisdictions.

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