New Carrier: Transamerica Life

  • Originally published October 6, 2015 , last updated January 12, 2016
New Carrier: Transamerica Life

Senior Market Sales recently added Transamerica Life, an A+ rated company, to its life portfolio.

Did you know that 30% of Americans do not have life insurance, and 42% of those who do have insurance do not have whole life insurance? Transamerica has the products to meet the needs of this large and underserved market.

Transamerica is a financially strong company, rated A+ by A.M. Best. Additional benefits of Transamerica Solutions final expense include:

  • No competitor covers a broader age group — ages 0-85 for Immediate Solutions and ages 18-80 for Easy Solutions (graded benefit product)
  • No height or weight questions for clients 45 and older
  • Higher limits; up to $50,000 for ages 0 to 55; up to $25,000 for 75-85 year olds
  • Living benefits — no additional premium
  • 10-Pay Solutions — fully paid up in 10 years
  • Commission rates do NOT vary by age
  • Ability to draft initial premium; no need to collect a check
  • Accept Social Security debit card, referred to as Direct Express MasterCard
  • Guaranteed issue child and grandchild rider — no health questions; ages 15 days to 17 years old at issue; guaranteed convertible to whole life
  • First-year commission paid daily
  • Future draft date up to 30 days is accepted
  • Paper application; face-to-face; no point-of-sale phone call required

Learn more about Transamerica from their product Solutions spec sheet, consumer brochure, and Solutions flyer.