Transamerica Financial Life Insurance Company, a company affiliated with Diversified, offers the fund under a group annuity contract.
Investors can also put as much as 50% of their IRA assets in the fund, according to the news release.
The fund keeps investors up-to-date on their finances by reporting all of their fund activities, as well as their beginning balance, monthly payments and ending balance, on their quarterly IRA statement, according to the news release.
Also, when investors die, their beneficiaries receive the fund’s remaining balances. Investors can also change the amount of their benefit payments at any time.
« FRC: April Asset Flows Pick Up