Important information about Vanguard Variable Annuity portfolios
A Vanguard Variable Annuity can be an appropriate investment choice in certain circumstances. Before you invest in a variable annuity, consider the following:
The Vanguard Variable Annuity is a flexible-premium variable annuity issued by Monumental Life Insurance Company, Cedar Rapids, Iowa (NAIC No. 66281), and in New York State only, by Transamerica Financial Life Insurance Company, Harrison, New York (NAIC No. 70688). Form No. VVAP U 1101 (in Florida, Form No. VVAP U 1101 (FL), in Oregon, Form No. VVAP U 1101 (OR) (R), and in New York VVA NY 0208). GLWB Rider Form No. RGMB 43 0811 (in Florida, RGMB 43 0811 (SI)(FL), RGMB 43 0811 (JT)(FL), in Oregon RGMB 43 0811 (SI)(OR), RGMB 43 0811 (JT)(OR), and in New York RGMB 43 0811 (SI)(NY), RGMB 43 0811 (JT)(NY)), without agent representation. Policy and rider form numbers may vary by state and may not be available in all states. The Vanguard Group administers the Vanguard Variable Annuity for the issuer. Its variable annuity and investment costs rank among the lowest in the industry, according to Morningstar, Inc., December 2010. The Vanguard Group's home office and domicile is Valley Forge, Pennsylvania (in California, DBA Vanguard Administrators, Inc., license number 0B91453). The Vanguard Group, Monumental Life Insurance Company, and Transamerica Financial Life Insurance Company do not provide tax advice. Investors are encouraged to consult a tax advisor for information on how annuity taxation applies to their individual situations.
The information on our website may be used in conjunction with the offering of Vanguard funds and the Vanguard Variable Annuity only if preceded or accompanied by a prospectus. Prospectuses can be downloaded using the Prospectus & reports link in the top menu of each portfolio profile page, or ask us to mail you one. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.
Expense ratios are displayed on each portfolio's Overview page. For portfolios less than one fiscal year old, the expense ratios are estimated.
Vanguard Variable Annuity performance
Short-term total return information is provided only as a service. The Vanguard Variable Annuity Contract is intended for long-term investment. Historical performance is no guarantee of future returns, particularly when reviewing short-term performance. Price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell your units, make an exchange, or take a full or partial withdrawal from the contract. Average annual returns include changes in unit value and reinvestment of all dividends and capital gains, reduced by daily mortality and expense risk charges and administrative expense charges.
Since-inception returns for less than one year are not annualized.
Index performance is provided as a benchmark but is not illustrative of any particular investment. An investment cannot be made in an index.
Vanguard Variable Annuity Money Market Portfolio
An investment in the Money Market Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the portfolio seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the portfolio.
The yield quotation for the Money Market Portfolio more closely reflects the current earnings of this portfolio than it does its total return quotation.