DISCONTINUED PRODUCT - Product not available to new enrollees.
TransMarkr 900
Product ID: 40
Type:
Fixed Annuity
Discontinued 
3%
AM Best:
Moody's:
S&P:
11 Years / 9.00%
No
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Address: - Product Details
- Fees and Charges
The TransMarkr is a Flexible Premium Deferred Fixed Annuity distributed by R.W. Durham & Company
Select the topics below to expand and view additional product details
Contract loans are available subject to tax-sheltered annuity requirements under federal law.
The Tax Sheltered Annuity issued by Transamerica Life Insurance and Annuity Company, provides for Hardship Withdrawals if the client meets certain requirements as defined in the Internal Revenue Code.
Required Minimum Distributions are available as provided for under Internal Revenue Service (IRS) regulations.
Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:
Transamerica will waive early withdrawal charges on withdrawals made after the first annuity contract year as the result of your receipt of Extended Care or Terminal Illness, as provided for under the terms of the Waiver of Early Withdrawal Charges For Extended Care and Terminal Illness Endorsement.
Transamerica Life and Annuity Company provides payments for as long as either you or the joint annuitant lives. When either one of you dies, payments will continue in an amount equal to 100%, 66 2/3% or 50% of the original payments, as selected. Payments end with the last payment due before the death of the survivor. If both joint annuitants die before settlement option payments start, no payments will be due under this option.
Transamerica Life and Annuity Company provides payments over your life. Payments end with the last payment made before your death. If you die before settlement option payments begin, no payments will be due under this option.
Transamerica Life and Annuity Company provides payments over your life, or for the period certain if longer. You may choose a period certain of 60, 120 or 180 months. If you die before the end of the selected period certain, we will continue making payments until the end of the period certain, or a lump sum payment of the commuted value of the remaining payments can be paid. The commuted value will be determined by discounting the remaining payments at the same rate of interest used to calculate the settlement option payments under this option.
Life Annuity with Lump Sum Refund at Death:
Transamerica Life and Annuity Company provides payments for as long as you live. If you die before the sum of the settlement option payments we have made equals the value applied, a death benefit will be paid. The death benefit will equal the difference between the sum of the settlement option payments we have made under this option and the value applied to this option.
Transamerica Life and Annuity Company provides payments at the stated payment frequency for the period certain. At the end of the period certain, no further payments will be made and this contract will terminate. If you die during the period certain, payments may continue as scheduled, or a lump sum of the commuted value can be paid. The commuted value will be determined by discounting the remaining payments at the same rate of interest used to calculate the settlement option payments under this option
Additional Bonus Credit
If, after the fifth annuity contract year, the owner selects a settlement option providing life contingencies or a period certain of at least ten (10) years, we will increase the annuity value used to determine the settlement option payments by 5%.
None
These rates may change without notice. Contact your provider for the most current rates.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 9.00% |
| 2 | 8.00% |
| 3 | 7.00% |
| 4 | 6.00% |
| 5 | 5.00% |
| 6 | 5.00% |
| 7 | 4.00% |
| 8 | 3.00% |
| 9 | 2.00% |
| 10 | 1.00% |
| 11 | 0.00% |
*Expressed in contract years
Surrender Penalty Charge assessed on a "rolling" basis:
Surrender charges ARE NOT assessed on a "rolling" basis.
Exceptions to the Surrender Charge:
Other Restrictions:
Exceptions to the Surrender Charge:
Death:
Yes
Nursing Home or Other Medical Expenses:
Yes
Transamerica will waive early withdrawal chages on withdrawals made after the first annuity contract year as the result of your receipt of Extended Care or Terminal Illness, as provided for under the terms of the Waiver of Early Withdrawal Charges Fo
