Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living
Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requi
Benefits for early access to
death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requi
benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum
payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000
minimum face amount requirements.
On
death of the policyholder, the chosen Monthly
Benefit is paid every month which increases by 5 % with every
payout and is paid for the remaining term with a
minimum guaranteed term of 5 years.
o Monthly Income
Benefit: In case of
death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of
death till the end of the policy term, subject to a guaranteed
payout for a
minimum period of 36 months.