Transamerica Releases New RILA to Support Protected Income
Transamerica introduced TSIA Income, a new registered index-linked annuity (RILA) designed to help individuals create protected lifetime income while remaining connected to market opportunity and maintaining flexibility as retirement needs change.
TSIA Income is designed to provide guaranteed lifetime income, offering a stream of payments while allowing for flexibility and continued participation in market opportunities.
“Today’s retirees want confidence their income can last, along with flexibility as their needs evolve,” said Liza Tyler, head of Annuity Solutions at Transamerica. “As more Americans recognize the value annuities can offer in helping turn savings into protected income, TSIA Income represents the next evolution of Transamerica’s annuity offerings—combining protected lifetime income with added flexibility that gives people greater control over when income begins and how they plan ahead.”
As an added benefit, Transamerica is also now offering Performance Lock+ at no additional cost on all new and existing Transamerica registered index‑linked annuity (RILA) contracts. Performance Lock+ allows clients to lock in Index Account Option gains during a Crediting Period and move those gains into a Performance Lock Account. Clients also have monthly opportunities, prior to the Allocation Anniversary, to re‑enter their original Index Account Option.
TSIA Income offers multiple ways to tailor how and when lifetime income begins, including a no explicit fee RILA income option; an optional step-up feature for investors wanting to build higher future income; and an optional additional death benefit (ADB) to support legacy goals.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news.