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Home : Life Insurance Products : TransTerm
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What is TransTerm Life Insurance?
TransTerm is a flexible premium universal life insurance policy that offers term-like initial level premiums for 10, 15, 20, 25 or 30 years.
The Advantages of TransTerm Life Insurance
TransTerm offers competitively priced protection, along with the flexibility to transition to lifetime coverage. Should your needs change during your initial coverage, TransTerm allows you to extend coverage beyond the planned initial level premium period, without having to requalify.
TransTerm also offers:
- High maximum issue ages, for example, an 85-year-old applicant can secure a TransTerm 10 policy, providing them level premium protection to age 95.
- Low coverage amounts starting at $25,000.
- Optional riders such as the Accident Indemnity Rider, Children's Insurance Rider and Waiver Provision Rider.
- Our popular no-cost Income Protection Option (IPO). The IPO can provide a guaranteed monthly income stream of up to 25 years to your beneficiaries plus an initial or final lump sum payment.
Getting Started
Contact us or find a Transamerica representative to help you determine which type of life insurance policy may be right for you.
TransTerm® are non-participating, flexible premium universal life insurance policies issued by
Transamerica Life Insurance Company, Cedar Rapids, IA 52499. Policy Form Nos. ICC10-410, ICC10-415, ICC10-420, ICC10-425, and ICC10-430 respectively.
Higher premiums may be necessary to maintain coverage starting at the end of any planned level premium period, and payment at any time of premiums that are insufficient to continue coverage may result in termination of coverage.
Policy forms and numbers may vary and these policies 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.
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