Beginning March 15, 2017, Transamerica will illustrate only the guaranteed future interest rate and monthly deductions for the following products of inforce policies.
This decision was made following significant review of NAIC regulations inforce current assumption illustrations and our interpretation of those NAIC regulations.
Beginning March 15, Transamerica will only run illustrations based on the guaranteed maximum charges and the guaranteed minimum interest rate. Illustrations based on current charges and interest rates will not be produced.
Transamerica’s customer service will provide a policy’s current accumulation value and monthly deduction amount, which agents can compare to planned premiums to determine whether the current premium will sustain the policy until the next anniversary.