Deals & People February 2, 2010

MassMutual Adds to Sales Team in South/Central Division

Dan Caple has joined MassMutual's Retirement Services sales team in the South/Central Division.
Reported by

Based in Charlotte, North Carolina, Caple is managing director, reporting to George Sutherland, South/Central divisional sales manager. He is responsible for business development and sales support of MassMutual’s third-party and dedicated distribution channels in North Carolina, South Carolina, and Tennessee, the company said in a press release.

Caple spent 19 years with Putnam Investments, most recently as senior vice president and senior regional 401(k) director for the company’s northeast territory, according to the announcement.

Products February 2, 2010

Transamerica Offers New Withdrawal Schedule for Retirement Income Products

Transamerica Life Insurance Company has introduced an enhanced withdrawal schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 riders.
Reported by

New clients between ages 65 to 74 who begin taking withdrawals can now receive up to 5% of their withdrawal base annually for life, and those ages 75 and older can receive up to 6% of their withdrawal base.

A press release said the new percentages—a full point higher than previously available in some cases—”can help financial professionals aid their clients in gaining financial security in retirement.”

The Retirement Income Choice 1.2 and 1.4 riders continue to offer The Power of 12—an automatic reset based on clients’ best “monthiversary” value each year—during both accumulation and withdrawal periods. Both riders also still offer compounding 5% withdrawal base growth based on the previous year’s highest “monthiversary” value.

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Financial professionals interested in learning more should contact the Transamerica sales desk at 1-800-851-7555. Investors should contact the customer care group at 1-800-525-6205.



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