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Transamerica | Final Expense and Trendsetter LB

September 27, 2021

Changes Effective October 2nd

Final Expense: Higher Cash Values

Transamerica’s Final Expense Solutions Portfolio now has higher guaranteed cash values at the same cost-effective rates.

In response to the regulatory changes, we’re increasing cash values on our Immediate Solution, 10-Pay Solution, and Easy Solution effective October 2, 2021.

Transamerica

Final Expense Transition Details

New Applications:

  • All final expense applications submitted on or after October 2, 2021, will include cash value updates.

In-Flight Final Expense Applications:

  • Application received on or before October 1, 2021
  • Cases will issue with previous cash values
  • Need to be placed in force on or before December 31, 2021

Trendsetter® LB: New Minimum Issue Age for Band 1

Effective October 2, 2021, the minimum issue age for Trendsetter LB band 1 ($25,000–$99,999) will increase from age 18 to age 23. This means proposed insureds must be 23 years or older for a Trendsetter LB policy with a face amount less than $100,000.

Trendsetter LB Transition Details

New Applications:

  • All applications submitted on or after October 2, 2021, require minimum issue age 23 for Trendsetter LB band 1 ($25,000–$99,999).

In-Flight Trendsetter LB Band 1 Applications for Issue Ages 18 to 22:

  • Applications received at Transamerica on or before October 1
  • Cases will issue with previous minimum issue age 18
  • Cases must be placed in force on or before December 31, 2021

Questions? Please call your Transamerica sales team at 866-545-9058.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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