Introducing Transamerica’s TransTerm

Bulletin: Life Products Introducing TransTerm

TransTerm is Transamerica Life Insurance Company’s new universal life insurance policy that blends the basic characteristics of level term insurance with the lifetime, guaranteed protection available with no-lapse universal life.

The TransTerm portfolio consists of five separate products, offering consumers a choice of initial level premium durations of 10, 15, 20, 25 and 30 years. (The Trendsetter® Super Series term portfolio will continue to be available for sale.)





TransTerm Competitive Advantages

  • Competitively priced initial level premium protection with the flexibility to transition to guaranteed, lifetime coverage
  •  Availability of the Transamerica Opportunity Program (TOP) on all premium durations (10, 15, 20, 25 and 30 years). TOP offers qualifying applicants up to $1 million of coverage with accelerated underwriting and no medical exam.  This is not a guaranteed issue program.
  •  High maximum issue ages:  
  • Low minimum face amounts starting at $25,000
  •  Non-Medical band at $25,000 – $99,999 for Standard Nonsmokers or Standard Smokers. (Face amount limitations based on age.)
  •  Rate band break when applying for multiple policies on the same individual
  •  A signed illustration is not submitted with the application
  •  Full compensation up to the target premium
  •  Availability of the Income Protection Option (IPO) to structure a monthly payment to one or multiple beneficiaries with an option to leave an additional initial or final lump sum

Issue Ages

  •  TransTerm 10: 18 – 85
  • TransTerm 15: 18 – 80
  • TransTerm 20: 18 – 75
  • TransTerm 25: 18 – 70
  • TransTerm 30: 18 – 65

Rate Classes

  • Preferred Plus NS
  • Preferred NS
  • Standard Plus NS
  • Standard NS
  • Nonsmoker
  • Preferred Smoker
  • Standard Smoker
  • Smoker

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