Financial Planning - December 2012

Did you know Vanguard offers a variable annuity? With a cost 75% lower than the industry average*, our variable annuity can help your clients reach their goals. Get to know the low cost option that’s backed with Vanguard’s knowledge and support today.

Use our cost calculator to see how much your clients might save with the Vanguard Variable Annuity. vanguard.com/costcalculator 800-551-9257

The Vanguard Variable Annuity is issued by Monumental Life Insurance Company and, in New York State only, by Transamerica Financial Life Insurance Company.

Variable annuities are long term investment vehicles designed for retirement purposes. They contain underlying investment portfolios that are subject to investment risk, including possible loss of principal.

For more information about the Vanguard Variable Annuity, visit vanguard.com or call 800-551-9257 to obtain fund and variable annuity contract prospectuses. Investment objectives, risks, charges, expenses, and other important information about the product are contained in the prospectuses; read and consider them carefully before investing. 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). 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 2011. 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 Vanguard Variable Annuity has an average expense ratio of 0.59%, versus the annuity industry average of 2.39%; excludes fees for optional riders. Source: Morningstar, Inc., as of December 2011. Actual expense ratios for the Vanguard Variable Annuity range from 0.47% to 0.81%, depending on the investment allocation. The expense ratio includes an administrative fee of 0.10% and a mortality and expense risk fee of 0.195%. Morningstar data © 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1) is proprietary to Morningstar and/or its content providers; ( 2) may not be copied or distributed; and ( 3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. This material may not be approved for advertising in Georgia, Mississippi, Oklahoma, or Oregon. © 2012 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor.