Financial Underwriting Guidelines

The TransSecurity Solution features enhanced financial underwriting guidelines, which afford coverage based on net worth and/or income. Prospective clients no longer need to be facing estate tax liability to qualify for a significant amount of coverage. In other words, with Transamerica's enhanced underwriting guidelines, life insurance professionals will be able to readily access and offer value to the mass affluent market—a large, growing and underserved segment of the mass market.

Sample Scenario

Meet the Turners: Eric, aged 65, and Jennifer Turner, aged 55, married and both retired. They have accumulated an estate with a net worth of approximately $3 million. They have three children and two grandchildren.

Possible Insurance Coverage

• Coverage based on Income Replacement Needs: $0
• Coverage based on Estate Tax Liability Need: $0
• Traditional guidelines would only approve the Turners for a limited amount of life insurance coverage because they do not meet the threshold income requirements and currently do not face any estate tax liability.

However, with Transamerica's innovative financial underwriting the Turners can obtain $4.2 million of coverage!

Here's How It Works

• After calculating the applicant's net worth, we multiply a growth rate by the applicable number of years per the table below to arrive at a projected estate value, of which we will cover 50%, after taking into consideration any in-force coverage.

• With Transamerica's innovative financial underwriting guidelines, even without income and an estate tax liability, the Turners can still leave a legacy to their children and grandchildren.

To learn more about the Income Protection Option (IPO) CLICK HERE.