Transamerica Life Contracting & Appointment 2019
No company in the financial services industry is immune to the turmoil in today’s financial markets. However, thanks to their future-focused business practices and their relationship with Aegon, their parent company, Transamerica companies have a strong balance sheet, healthy cash flow and ample liquidity.
Transamerica’s insurance companies have received high ratings from A.M. Best: A+ (as of July 20, 2017); Fitch: A+ (as of October 16, 2017); Moody’s: A1 (as of December 25, 2017) and S&P Global: AA- (as of May 26, 2017). As a measurement of their financial strength and performance, these ratings are a direct reflection of the care with which Transamerica manages their business.
These are Transamerica's current policies and state availability for 2019.
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Issue ages 0 to 85: Immediate Solution (Life paid up at age 121) and 10 Pay Solution (Premium payable for 10 years), and issue ages 18 to 80: Easy Solution (Graded death benefit).
Minimum death benefit: $1,000. Maximum death benefit Immediate Solution and 10 Pay Solution: $50,000 (0 to 55), $40,000 (56 to 65), $30,000 (66-75), and $25,000 (76 to 85). Maximum death benefit Easy Solution: $25,000. No medical exams (based on answers to health questions on the application).
Immediate Solution and 10 Pay Solution death benefits (all states) are full amount on day one; and the Easy Solution death benefit during the first two policy years may vary by state.
Accelerated Death Benefit Rider and Accelerated Death Benefit Rider with Nursing Home Benefit are available on the Immediate Solution and 10 Pay Solution at no additional premium cost. Eligibility requirements and/or subject to state availability may apply.
Accidental Death Benefit and Children’s and Grandchildren’s Benefit Riders are optional; available on the Immediate Solution plan.
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Select from Plan A, B, C, F, G or N, may vary per state. Plans are available pre-65 due to disability in some states. General administrative rule is not to adjust rates for 12 months from the effective date of coverage.
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Trendsetter LB is a term life insurance policy with Living Benefits. Most people buy life insurance to leave a financial legacy for those left behind, but what if you suffer from a heart attack, cancer, or stroke, and continue living? It could cause serious financial hardship for you or your family.
Trendsetter LB offers death benefit protection, up to $2 million, as well as living benefits, the Trendsetter with Living Benefits allows early access to the policy’s death benefit in the event of a qualifying chronic, critical, or terminal illness, while you’re alive.
Face amounts from $25,000 to $2 million, with up to $1.5 million available for acceleration of living benefits; and non-medical underwriting available up to $249,999. Issue ages 18 to 80; choice of level term periods 10, 15, 20, 25, or 30 years.
Automatically includes Terminal Illness Accelerated Death Benefits (ADB), Chronic Illness ADB and Critical Illness ADB. Optional riders include Monthly Disability Income, Disability Waiver of Premium, Children’s Insurance, Accidental Death Benefit, and Income Protection Option (IPO); certain riders are available at an additional cost.
Trendsetter LB term policy can be converted to a permanent life insurance policy that’s available from Transamerica at the time of conversion.
State variations may apply.
Trendsetter Super term life insurance can be used to help meet your and your family’s needs, whether it’s paying the mortgage, college tuition, and final expenses, or to assist with basic everyday needs. It can give you early access to your policy’s death benefit, should you experience a qualifying terminal illness. Term life insurance can help your loved ones afford to live the life they’ve always known, should you pass too soon.
Face amounts from $25,000 to $10 million and up; and non-medical underwriting available up to $99,999. Issue ages 18 to 80; choice of initial term periods 10, 15, 20, 25, or 30 years.
Automatically includes Terminal Illness Accelerated Death Benefits (ADB) Endorsement. Additional benefits are Disability Waiver of Premium, Children’s Insurance, Accidental Death Benefit Riders, and Income Protection Option (IPO); an additional cost may apply.
At the end of the term period, policyholder may be able to convert term policy to permanent life insurance without undergoing an additional medical exam.
State variations may apply.
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