January 2, 2024
This month Forbes Advisor selected Transamerica as a standout in the life insurance industry for best life insurance for seniors and buyers in their 50s. The publication also called out Transamerica as top-ranked for reliable policy illustrations and no-exam policies. Forbes Advisor helps consumers evaluate their choices by compiling insurance industry data from their own research and other sources.
For buyers in their 50s, Forbes Advisor highlighted Transamerica’s Trendsetter Super policy, which has features and rates attractive to this demographic. The publication also noted Transamerica’s Trendsetter® Living Benefits term life policy for the ability to access the policyholder’s own death benefit early if they develop a qualifying chronic or critical illness.
Forbes Advisor remarked that seniors shopping for life insurance will find that Transamerica’s Trendsetter Super policy has competitive features and rates. It positively noted Transamerica’s Trendsetter Super no-exam life insurance policy for offering low rates, high coverage amounts and a choice of term lengths to meet a variety of life insurance needs.
About Transamerica Life Insurance Company
Trendsetter® LB and Trendsetter® Super are term life insurance policies issued by Transamerica Life Insurance Company, Cedar Rapids IA. Policy Forms ICC16 TL23, TL23, ICC16 TL24, or TL24.
- NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY
- MAY LOSE VALUE
- NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK
Premiums increase beginning in year 11 for the 10- year policy, in year 16 for the 15-year policy, in year 21 for the 20-year policy, in year 26 for the 25-year policy, and in year 31 for the 30-year policy.
Policy forms and numbers may vary, and these policies and riders 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.
Not available in New York.