You deserve a permanent life insurance solution that’s simple, guaranteed, and customizable enough to meet whatever life throws at you. Most importantly, you want something that will be there when you need it. Meet the new Transamerica whole life insurance policy from Transamerica Life Insurance Company.
TRANSAMERICA WHOLE LIFE INSURANCE OFFERS
- Permanent life insurance protection
- Cash value accumulation
- Tax advantages
Whole life insurance offers a guaranteed death benefit, guaranteed cash value, and guaranteed level premiums that will never increase as long as the policy remains in effect. It’s a solution that can meet a variety of protection needs.
FEATURES OF PERMANENT LIFE INSURANCE PROTECTION
Whole life insurance combines the best features of permanent life insurance protection and optional living benefit riders — all from a top-rated carrier — that will last a lifetime.
PERMANENT LIFE INSURANCE PROTECTION
Transamerica‘s whole life is designed to provide permanent life insurance protection. When a claim is approved, the beneficiary will receive the policy face amount, subject to any recorded policy assignments or unpaid loans that will cause a reduction in the cash value and death benefit.
THE 3 GS
Transamerica whole life policy provides three fundamental guarantees:
- A guaranteed, federal income tax-free, level death benefit for the beneficiary (guaranteed face amount)
- A guaranteed level premium and premium payment period
- A guaranteed cash value, that grows on a tax-deferred basis
A NEW, STREAMLINED APPLICATION
Our new iGO e-App with Express Protect Underwriting provides a faster, hassle-free application process. In fact, some approvals may be provided the same day the application is submitted. Express Protect Underwriting makes it easier than ever to obtain the coverage you need.
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CUSTOMIZE YOUR COVERAGE
Transamerica’s whole life insurance allows you to individualize the policy with a variety of optional riders you can add to meet your unique needs.
CRITICAL ILLNESS ACCELERATED DEATH BENEFIT RIDER
The Critical Illness Rider allows access to a portion of the death benefit if you are diagnosed with a qualifying critical illness. This rider must be elected at the time of application.
CHRONIC ILLNESS ACCELERATED DEATH BENEFIT RIDER
The Chronic Illness Rider allows access to a portion of the death benefit and provides a benefit payment if you are diagnosed with a qualifying chronic illness. This rider must be elected at the time of application.
TERMINAL ILLNESS ACCELERATED DEATH BENEFIT RIDER
Should you receive a terminal illness diagnosis, it allows access to a portion of the death benefit while you are alive. This rider is automatically included in your policy.
DISABILITY WAIVER OF PREMIUM RIDER
If you become disabled, it waives the monthly premiums for the duration of the disability by applying the rider benefit shown in the policy’s premium payment.
INCOME PROTECTION OPTION (IPO)
The IPO allows you to structure the death benefit to fit the short and long-term needs of your family. Choose an initial lump sum, a guaranteed monthly income stream for up to 25 years, a final lump sum, or a combination of the three. An initial lump sum could be used to cover funeral expenses, a monthly payout could help cover monthly bills or child care, and a final lump sum could help your spouse during retirement.
GUARANTEED INSURABILITY BENEFIT RIDER
Allows you to increase your life insurance coverage, at certain intervals, without the need for additional underwriting.
TERM INSURANCE RIDER
Provides you with additional level term insurance coverage at term insurance rates.
CHILDREN’S BENEFIT RIDER
Provides fixed-rate term insurance coverage for children, between the ages of 15 days and 18 years.
ACCIDENTAL DEATH BENEFIT RIDER
Pays the face amount of the rider if your death is the result of an accidental bodily injury.
Why should I choose Transamerica Life Insurance Company?
When planning for the future of those you love, rely on someone you know will be there — today and tomorrow. Our whole life insurance policies are backed by over a century of strength, stability, experience, and protection. While your family is depending on you, you can depend on us.
Shop and compare whole life insurance quotes to get the latest rates.
I’m a licensed financial professional. I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.
My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.