Transamerica To Offer Annuity Rider Protection From Market Losses
Transamerica, a diversified financial services corporation headquartered in Cedar Rapids, Iowa, is now offering an optional variable annuity rider to investors seeking protection from market downturns, as well as the opportunity to grow assets and build wealth.
For an additional fee, the Transamerica Principal Optimizer protects policyholders from market losses on principal and earnings while allowing them to invest 70% of premiums into any investment option available within the annuity. The remaining 30% will be allocated to the annuity’s stable value account, which offers a guaranteed interest rate. An optional annual reset feature will lock in gains according to their guaranteed future value.
In the event that the policy value falls because of down markets, investors receive a guaranteed 100% of their initial premium back as long as they elect and complete the 10-year waiting period option. If an investor chooses the seven-year waiting period, it is guaranteed they will receive 90% of their initial premium at the end of that waiting period.
If an investor desires to lock in gains to their policy value, they can reset the guaranteed future value and waiting period on the annual rider anniversary. If the option is selected, Transamerica would reset the rider’s waiting period, reset the principal protection with locked-in investment gains and reset the rider with a different set of potential guarantees at that time.
Cowen Adds ESG Scores To All Equity Research Reports
Cowen Inc., a diversified financial services company headquartered in New York City, will now feature an ESG score in all its equity research reports to help investors quantify differences between corporations in areas of environmental, social and governance focus.
Cowen’s ESG scores evaluate companies’ performance on a 0 to 100 scale. A score of 50 represents a neutral impact. Scores above 50 are positive, while scores below that are negative.
The scores are powered by technology and data from Truvalue Labs, a FactSet company. Truvalue uses artificial intelligence to capture stakeholders’ view of how companies are performing on ESG metrics, using the Sustainability Accounting Standards Board (SASB) materiality framework.
Cowen has 55 analysts who cover more than 800 securities.