Transamerica Whole Life Insurance
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Life insurance from transamerica helps protect people’s financial future with solutions through every stage of life. Explore our range of cost effective options below, and rest easy. It’s the only life insurance. Common uses of life insurance.
Connect with an agent. A term life conversion in its purest form is taking your term policy and converting it into either a universal life product or a whole life product. When you buy a term life insurance policy, you are mostly looking at the monthly premium and the term length. These periods usually go from 5 years up to 30 years depending on the company. Final expense insurance is a whole life policy with relatively small death benefits, ranging from $1,000 to $50,000 depending on age. Buyers can apply up to age 85, except in new york, where the. Transamerica whole life policy provides three fundamental guarantees: 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.
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