Legacy protection

Preparing today can help keep a legacy intact

Foreign nationals who regularly visit, do business, or own property in the United States may be unaware of the potential estate tax exposure they may face. Our life insurance solutions can help address this very issue.

Transamerica understands this select customer

  • We have over 100 years in the insurance business, 20 of those in the foreign nationals' market
  • We were one of the first to focus on international underwriting with a dedicated team available to discuss cases
  • Policyholders get the option of term and permanent life insurance they won't find with most other carriers
  • Qualified residents of A and B countries are eligible for our best risk classes

Key program highlights

Preparing today can help keep a legacy intact tomorrow

Program:

  • Up to best class for A and B countries
  • Available to qualified residents of 47 countries
  • A clear definition of required U.S. ties.

Products:

  • IUL, Term (excludes Trendsetter LB) and Whole Life

  • Retention and autobind is $10MM*

Face Amount Minimums:

All product minimums are $1,000,000 unless Minimum No Lapse Premium/Paid Annual premium equals $5,000 or greater, otherwise minimums are as indicated below:

  • IUL: Minimum Face $250,000
  • Term: Minimum Face $1,000,000
  • Whole Life: Minimum Face $250,000

Multi-Applicant "Eligible Group" Scenarios

The MNLP minimum can be met on multi-applicant (husband/wife; immediate families; business partners, etc.) “eligible group” scenarios as long as at least one applicant in the group meets the basic minimum. The “eligible group” to be considered must be clearly stated by the agent at time of submission(s). An “eligible group” must demonstrate an obvious, common relationship between/among the applicants (“same gent”/”same agency” cannot be one of the criterion). Bulk submission of otherwise unrelated cases also cannot be used to meet the minimums established herein. Underwriting reserves sole discretion to judge the validity of an “eligible group.”

Financials:

  • Minimum global net worth = USD$1MM
  • Third-party financials over $3MM death benefit
  • Inspection reports over $10MM death benefit

*For Transamerica Financial Life Insurance Company (TFLIC) the max face is limited to internal retention amounts only.

We make it easy to do business with us

Transamerica has a team of knowledgeable and experienced underwriters available to help provide great service and fast  turnaround times.

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Why Transamerica

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