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Home : Insurance Products : Term Life : Trendsetter Super 30
Trendsetter® Super Series | Trendsetter® ROP 30
Trendsetter® ROP 30
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It's there when you need it, and when you don't.
Transamerica Occidental Life Insurance Company's return of premium (ROP) term life insurance policy, Trendsetter® ROP 30, not only offers the protection of life insurance with premiums guaranteed level for 30 years, but should the death benefit not be needed, a refund of cumulative eligible premiums* at the end of that period—income tax-free!
Trendsetter® ROP 30 also features:
Age-last-birthday pricing — That means your policy is determined using your actual age, instead of rounding up. So, for example, even if you’re less than a month away from turning, say 50, you would still be issued a (more advantageous) policy for a 49-year-old. (Age-last-birthday pricing only benefits applicants with birthdays more than six months ago.)
Flexibility — If your situation changes and you decide to cancel your policy after six years, you’ll still receive a percentage of the eligible premiums you’ve paid to date.
Trendsetter® ROP 30 is an ideal choice for:
New homeowners — Trendsetter ROP 30's term coincides perfectly with a 30-year mortgage. So should something happen to you as the insured, your beneficiaries could use the policy's proceeds to pay the mortgage. And, should you live 30 years, the refunded premiums can be used for any desired purpose, including remodeling.
Business Owners — Trendsetter ROP 30 can provide great flexibility:
- When used to fund a "buy-sell" agreement—if a business owner dies prematurely, the death benefit can be used to buy the shares owned by the decedent. If business circumstances should change during the policy term but after year six, the policies could be cancelled and a percentage of eligible premiums would be returned to the policy owners.
- With "key-man" insurance—if an insured key executive leaves the company, the business may still have a percentage of eligible paid premiums returned if the policy is cancelled after year six.
- With a large bank loan—the death benefit could be used to pay off the loan, ensuring that the business is not saddled with that debt.
The peace of mind of Transamerica
Trendsetter ROP 30 is backed by Transamerica Occidental Life Insurance Company's century of strength, experience and protection. That means in addition to offering you protection, value, and flexibility, Trendsetter ROP 30 also provides the assurance you've come to depend on from Transamerica Occidental Life products and services.
A Transamerica representative
can help explain all the details of our term life insurance and how it can meet your objectives.
* Excluding substandard premiums, rider premiums, and outstanding loans. Return of premium not available if death occurs during level premium period.
Trendsetter® ROP 30 (Policy Form #1-230 11-106) is a term life insurance policy issued by Transamerica Occidental Life Insurance Company, Cedar Rapids, IA 52499. Premiums are guaranteed level for the first 30 years, then premiums increase annually starting in year 31. Policy form and number may vary, and this policy may not be available in all jurisdictions. Insurance eligibility and premiums are subject to underwriting. In most states, in the event of suicide during the first two policy years, death benefits are limited only to the return of premiums paid. Suicide is no defense to payment of life insurance benefits, nor is suicide while insane a defense to payment of accidental death benefits, if any, under this policy where the policy is issued to a Missouri citizen, unless the insurer can show that the insured intended suicide when s/he applied for the policy, regardless of any language to the contrary in the policy.
OL 2007 0606
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