People are finding my blog while searching for info on Transamerica Segfunds, specifically if they are safe.
Some back story. Transamerica sold a LOT of seg funds right before the dot com crash. Those funds are all negative over the last 10 years. Seg fund maturity guarentees are 10 years. So all those NASDAQ funds are now at maturity, which means Transamerica has to pay back 100% of the original deposits. Ouch for Transamerica but great for clients.
So if you own a dot com era Transamerica seg fund you might be in for a nice maturity guarentee cheque.
Transamerica has had to reserve a lot of capital to pay these guarentees so they might not be the best place to invest. They still have Assuris guarentees of $100k per account, so they are safe, but they might get bought out or merged if they keep taking big losses. Personally, I would get my maturity guarentee and invest the money somewhere else. I like Industrial Alliance Pacific and Standard Life.
- Posted using BlogPress from my iPhone
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment