TransAmerica
TransAmerica offers Final Expense, Term Products, and Medicare Supplement. They do not require E & O coverage. It has an E-application process that accepts electronic signatures on Express Term and Medicare Supplement. Applications can be scanned and up loaded to the website for Final Expense but this company still prefers faxed applications. No height and weight chart. Accepts the Direct Express Card. Many times they will not do a POS interview.
With TransAmerica TredSetter Term, an Income Protection Option (IPO) is offered that gives the policy holder control to structure a guaranteed income stream with optional initial/or final lump some benefit to one or more beneficiaries. It is available at no additional cost, may include multiple beneficiaries, and can be modified prior to the death of the insured.
If you were terminated from TransAmerica for lack of production within a 12-month period, you will need to provide proof of new business before they will process a new contract. To show proof of new business, you must provide the name and birthdate of the prospective client or the policy number of a newly submitted application in states that allow Just-in-time appointments. Kansas, Louisiana, Montana, Pennsylvania, and Texas do not allow just-in-time appointments. If you are a resident in any of these 5 states, you will be eligible to send in a new contract before you write new business.
FE Product Overview
Final Expense:
Not Available in AK, HI, MT, WAF
inal Expense available in NY
Only Immediate Solution/10_pay in MA, MT
Immediate Solution:
Ages 0 to 85
Minimum Amount $1,000
Maximum Amount:
0-55 $50,000
56-65 $40,000
66-75 $30,000
76-85 $25,000
COPD Written Immediate
Riders:
Accelerated Death Benefit
with or without Nursing Home Option
10 Pay Solution:
Ages 0 to 85
Mimimum Amount $1,000
Maximum Amount:
0-55 $50,000
56-65 $40,000
66-75 $30,000
76-85 $25,000
Riders:
Accelerated Death Benefit
with or without Nursing Home Option
Easy Solution:
Ages 18 to 80
Mimumum $1,000 (PA $5,000)
Maximim $25,000
2-Year Graded
Term Product Overview
TrendSetter Term:
Not Available in NY
E-application available. No PHI required with the phone application.
Super YRT-Guaranteed renewable to age 95. Premiums Guaranteed for the First Five Years.
Starts at $100,000
Ages 18 to 80
Terms Available is 10, 15, 20, 25, and 30 years.
Ages start at 18 and go up to Age 80 but vary with length of the term. Guaranteed renewable to age 105.
Riders:
Waiver of Premium-Available at time of issue only
Issue Ages 15 to 55
Accident Indemnity-Available at time of issue only. Issues Ages 15 to 65.
Living Benefits:
Product provides living benefits and death benefits in one life insurance solution. A Guaranteed level premium insurance with Chronic, Critical, and Terminal Illness Accelerated Death Benefit.