Transamerica has re-priced all Term products and there’s been a couple of positive changes to our Underwriting.
5 important new things you need to know:
1) Lowered prices on all of term products.
2) Increased the compensation on T20 to 50% (formerly 45%).
3) Increased the maximum issue amount from $500,000 to $1,000,000 with Level Cost of Insurance(LCOI) for EstateAdvantage.
4) Reduced renewal premiums on T20, new clients can benefit from more affordable renewal premiums.
5) Updated Age & Amount requirements by replacing medical exams with paramedical and the elimination of ECG at certain ages and amounts.
| Attachment | Size | Type |
|---|---|---|
| Transamerica Term 2014 Transition Rules (PDF) | 144.57 KB | application/pdf |
| Transamerica Underwriting Requirements (PDF) | 187.8 KB | application/pdf |