Effective August 23, 2021, our new TransMatch program allows up to and including $1 million in additional coverage from Transamerica for individuals who’ve been approved standard or better in the past 12 months by a company on our list of approved carriers. Learn More Today
Effective July 15, 2021, Transamerica lifted restrictions on applications on clients over age 75. We are now accepting applications on cases for ages 75+, with a maximum table rating of Table B. Any risks assessed over Table B will be declined.
Effective April 24, 2021, Transamerica expanded our underwriting initial requirements to include more nonmedical eligibility for higher face amounts and more risk classes, making it possible for your clients to qualify for the lowest rates without the hassle of invasive and time-consuming labs. Nonmedical guidelines have been expanded to include all risk classes for the following scenarios:
Transamerica Financial Foundation IUL® & Trendsetter® Super*
- $100,000 up to $2,000,000 for ages 18 through 45
- $100,000 up to $1,000,000 for ages 46 through 55
All riders available at the above age/face amounts.
- $100,000 up to $249,999, ages 18—60 (18—55 Preferred Nonsmoker available, ages 56—60 up to Standard Risk Class available)
- $250,000 up to $2,000,000 for ages 18 through 45
- $250,000 up to $1,000,000 for ages 46 through 55
All riders available at the above age/face amounts. Additionally, clients retain these risk classes if they choose to convert their term policy or term rider to a permanent policy.
Pro Tips: Do not order a paramed exam if your client fits into the bands outlined above. An underwriter will order a paramed exam if necessary. You, or your designated contact on file, will receive an email when the exam is ordered and every time the status changes. Status emails will give you the most up-to-date information on exam orders, scheduling, cancellations, and completion. Case status on agent portals may be delayed.
We are confident that these changes will help provide more individuals and families the coverage they need with fewer exams and labs. To learn more, please download our updated Underwriting Guidelines and FAQs.