Transamerica Latest To Exit VAs With Benefits, FIAs
December 23, 2020 by John Hilton
Transamerica will no longer sell variable annuities with benefit riders or fixed index annuities.
The company is also exiting the standalone long-term care market, Aegon executives said in a planning session last week. Executives at Aegon, which owns Transamerica, made it clear the company must retool to free up capital and increase margins.