3rd Quarter Producer Web Conference

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3rd QuarterProducer Web Conference
Presented By Stig Nybo, Regional Vice
President David Hiss, Regional Vice
President Peter Sullivan, Regional Vice President
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Overview

• Enrollment Workshop Online
• Educational Seminars
• Executive Summary
• Compliance Updates

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Enrollment Workshop Online

• Interactive Web based enrollment workshop
• Follows the 5-step process of the Retirement. A
  journey
• made simple. Enrollment Kit
• One-on-one enrollment workshop experience
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Enrollment Workshop Online

• Available to everyone on www.TA-Retirement.com
• (new business and in-force business)
• Two versions
• Users with DSL connection or better
• Users with dial-up connection - 2 -

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Enrollment Workshop Online
Help information on workshop functionality
Simple Solutions Worksheet
Navigate through the 5 steps
Narrator Video / Movie
Text display for users without speakers
Main stage area for graphics animation and
illustration
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Footnotes and disclaimers
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Enrollment Workshop Online

• Additional Features
• Perspectives (testimonials)
• Interactive Risk Tolerance Questionnaire
• Interactive Simple Solutions Calculator
• Access to plan specific fund line-up
• Access to Fund Fact Sheets
• For TA East Signature Services clients
• Access to plan specific Enrollment Forms
• Access to plan specific Rollover Forms

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Phase II

• Users with access to Online Enrollment will be
  connected to the Online Enrollment feature
• Users must have their online enrollment PIN
• Users with access to online forms only (no
  Online Enrollment)
• Automatically pre-fill forms with information
  stored in My Profile
• Allow users to complete the remaining items on
  their forms online
• Allow users to submit their completed forms
  online (researching feasibility)

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• Demo available on www.TA-Retirement.com

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• Educational Seminars

• Investments Made Simple
• Educates employees on the world of investing and
  how it impacts their retirement goals
• The Economy Made Simple
• Helps employees gain a better understanding of
  how economic conditions affect the market and
  ultimately their retirement savings

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Educational Seminars

• The Quarterly Review Module
• Included in The Economy Made Simple seminar
• Educates employees on the basics of investing by
  using an analysis of the market performance and
  how it relates to a retirement investment
  portfolio
• Module can be combined with a seminar or stand
  alone

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Executive Summary

• Abridgement of the Proposal
• Key points at your fingertips
• Quick concise review
• Revisions can be made easily if needed
• Allows for fast turnaround
• Emailable file size
• Helps facilitate sales process
• For Producer Use Only!

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Executive Summary

• Executive Summary Contents
• Executive Summary
• Features Benefits
• Broker Services
• Investment Overview
• Services Fees
• Commission Illustration
• 16 pages total

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Executive Summary

• How to obtain an Executive Summary
• Proposal Request Form
• Internal Sales Desk (888.401.5826)
• Available now for the Transamerica Director
  Series II (TALIAC)
• Available for the following products by the end
  of July
• Transamerica Director Series II (TFLIC)
• Transamerica Partner Series II
• Transamerica Advisor Series

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New Developments
Compliance Updates

• Enacted Legislation/Regulations
• Proposed Legislation
• GUST Restatements

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New Developments

• Enacted Legislation
• SARBANES-OXLEY
• Effective 1/26/03
• 30 day Notice for blackout periods
• 100/day/participant for failure to provide
  notice
• Prohibits Directors from Trading ER Sec.
• Higher Criminal Penalties

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New Developments

• Recently Issued Regulations
• D.O.L. Retirement Plan Expenses
• Provides Tremendous Flexibility
• Potential problems
• I.R.S. has not approved

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New Developments

• Proposed Legislation
• Pension Preservation Savings Expansion Act of
  2003, H.R. 1776
• PROPOSED not ENACTED
• Making some EGTRRA provisions Permanent/accelerate
  Limits
• Increase Retirement Plan Participation Savings
• Simplifying Retirement Plan Rules

EGTRRA Economic Growth and Tax Relief
Reconciliation Act of 2001
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New Developments

• Proposed Regulations
• 401(k) Regs consolidation
• PROPOSED not ENACTED
• Awaiting Comments from the industry
• Addresses Bottom-Up QNECs

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New Developments

• GUST Restatements
• Individual Drafted Plans (2/02)
• VS MPP extended until (9/30)
• All Plans must be updated
• Potential Problems for Non-compliers

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Q A