Transamerica Life Insurance Company is a member of Aegon Insurance Group, one of the top 50 largest public financial companies in the world based on assets.
Included with no extra premium. Provides up to 75% of the current death benefit to a maximum of $250,000 per life, with a minimum payment of $10,000. Diagnosis by a physician, after the policy issue date, of 12 months or fewer to live is required.
Re-entry Option:
Included with no extra premium (10 and 15 year products only). Allows the insured to replace his or her current policy with a new policy at the time of exchange, at those rates in effect on the date of the exchange. New evidence of insurability required. Not available on Trendsetter ROP 30.
Conversion Option:
Included with no extra premium. Policy may be exchanged for level face amount whole life, universal life, or variable universal life insurance plan. No underwriting will be required if the exchange is to a permanent policy with the same or lower face amount. This option must be exercised no later than the insured's age 70 (75 for Preferred Plus class).
Optional Term Life Product Features
Accident Indemnity Rider:
Available with extra premium. Pays additional death benefit if the insured dies as a result of an accidental bodily injury. Issue ages are 18-65. Maximum amount available is $300,000 or the face amount of the policy, whichever is less. Please email or call for details and premium rates.
Waiver of Premium Rider:
Available with extra premium. Provides for the waiver of policy premiums in the event of the total disability of the insured after a six month waiting period. The total disability must occur before age 60. Premiums are waived retroactively from the beginning of the disability and will continue to be waived for the duration of the total disability. Issue ages 18-55. Maximum face amount is $5,000,000. Please email or call for details and premium rates.
Child Insurance Rider:
Available with extra premium. Coverage for children of the primary insured. Coverage expires on the child's 25th birthday or the insured's age 65, whichever occurs first. Parent issue ages are 18-55 and child issue ages are 15 days to 18 years. One unit equals $1,000 of coverage, with a maximum of 20 units available. Cost per unit is $5.83 annually.
Guaranteed Insurability Rider:
Available with extra premium. Provides future options to purchase additional insurance at standard premium rates without additional evidence of insurability. Issue ages 18-33. Minimum is $10,000 per option and maximum is $50,000 per option. Please email or call for details and premiums rates. Not available on Trendsetter ROP 30.
Other Information
Legal Information
Trendsetter® Super 10 (1-306 11-107), Trendsetter® Super 15 (1-305 11-107), Trendsetter® Super 20 (1-304 11-107), Trendsetter® Super 25 (1-303 11-107), and Trendsetter®Super 30 (1-334 11-107) are term life insurance policies issued by Transamerica Occidental Life Insurance Company, Cedar Rapids, IA 52499. Policy form and number may vary, and these policies may not be available in all jurisdictions. Premiums increase beginning in year 11 for Trendsetter Super 10, year 16 for Trendsetter Super 15, year 21 for Trendsetter Super 20, year 26 for Trendsetter Super 25, and year 31 for Trendsetter Super 30. Insurance eligibility and premiums are subject to underwriting.
30-year term life insurance with rates guaranteed for 30 years. The plan returns all premiums excluding substandard premiums, rider premiums or outstanding loans paid by the policy owner at the end of the 30-year term if no claim has been made. A portion of the paid premiums will be returned if the policy is terminated after year six but prior to the end of the 30-year term.
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