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Transamerica Life Canada policies
Pluses
1. They have a full range of term policies at preferred and standard rates.
2. Their term 30 policy has a unique paid-up option.
Minuses:
1. No disability insurance policies.
2. No participating whole life policies.
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Transamerica Life Canada News
Life Insurance with Transamerica Life
10/31/2011Transamerica Life Canada offers a full range of term and permanent life insurance policies. Their term policies are available as Term 10, Term 20, and Term 30 policies. Each of their term plans are guaranteed renewable and convertible and offer preferred rates. Their Term 30 policy is renewable through to age 100 and has [...]
Comparing 10, 15, and 20-Year Term Insurance Rates
05/15/2011Think about how long you need insurance when considering a term plan. Photo by Doug Sheffer Term insurance policies provide level premiums for a stated term. As a rule of thumb, the longer the term, the higher the initial premium. The reason is that the insurance company carries a greater risk because you have a [...]
Transamerica Increased the Rates on its Universal Life Level Cost Plan.
05/06/2011Prices rise at Transamerica Photo by Balazs Gal On April 18, 2011, Transamerica Life increased the price of its Level Cost Universal Life products by 10%. They also increased their Joint Last-to-Die single equivalent age pricing by two years. However, their Joint First-to-die single-age equivalent pricing will remain unchanged. These price increases follow increases by [...]
Term 100 Policies in Canada are Under Pricing Pressure
04/24/2011The number of Term 100 options in Canada is dropping. Photo by Joshua Williams Term 100 policies provide lifetime protection and fixed premiums. Most of these policies do not have a cash value. However, some Term 100 policies do have a guaranteed cash value available in the later policy years. These policies are generally described [...]
Transamerica Life is Raising Level Cost Universal Life Rates
03/12/2011Transamerica is raising their Universal rates. Photo by Balazs Gal Transmerica has followed behind Manulife, Canada Life and other major insurers who are raising their level level cost Universal Life rates. There has been a marked adjustment on the pricing of Level COI, with the industry as a whole increasing the price of this product [...]
TD Insurance’s Business Credit Life Insurance
10/17/2010A look at TD's Business Credit Life Insurance. Photo by Lee Chisholm TD Insurance offers business credit life insurance to authorize borrowers who are Canadian residents are between age 18 to 69. The policy is available directly through TD Insurance's call center with the following features: 1) Applicants can get coverage of up to $500,000 [...]
CUMIS Term 10 Life Insurance Plan
10/17/2010CUMIS Term 10 rates don't stack up against their competitors Photo by Andy Rennie The CUMIS Group Limited partners with credit unions in offering its insurance and financial products. They are a leading provider of insurance related products and services to the Canadian credit union system. They serve approximately 485 credit unions with a total [...]
Upgrades in Transamerica Life Canada’s Credit Rating
10/06/2010Transamerica's credit rating has gone up. Photo by wlodi As reported in the August Issue of the Insurance Journal, ratings agency Standard & Poor's recently raised its counter-party credit and financial strength ratings for Transamerica Life Canada to “BBB+” from “BBB.” The outlook as an insurer is now stable. Also in July, another ratings agency, [...]
Term Insurance versus Permanent Insurance
09/08/2010Learn the difference between Term and Permanent insurance for your family's sake. Term insurance policies offer premiums level for a stated term, as opposed to permanent insurance policies, which offer premiums level for the insured's lifetime. The following are additional differences between Term and Permanent life insurance policies. Term life policies: 1. Most Term policies [...]
Transamerica Life Multi-life Term Coverage Key Benefits
06/25/2010Transamerica Life's Term Select Policies are available as 10-year, 20-year, and 30-year terms. Transamerica's term select policies, allow multi-life coverage with the following key benefits: 1. Up to 17 coverage plans (any combination of base-coverage and riders) can be included under one policy, including the support of up to five joint lives per plan. [...]
Transamerica Life Term Life Conversion Feature
06/21/2010Transamerica Life offers Term 10, Term 20, and Term 30 policies. The Term 10 and Term 20 policies are renewable to age 80 and the term 30 policy is renewable to age 100. Each of their term policies is convertible to a permanent plan to age 71, without a medical. The conversion feature allows [...]
A.M. Best Ratings for 2009-2010
04/23/2010Most credit scores of insurance companies are stable Photo by Balazs Gal A.M. Best is a credit rating company for the insurance and banking sectors. Consumers use it to assess the financial strength and credit worthiness of their lending institutions. The following are the ratings for March 2010 and the fourth quarter of 2009: AM [...]
Life Insurance Policy Fees
04/02/2010Don't let policy fees nickel and dime you by Garry Knight Life insurance policy fees are a built-in fee, which covers the administration of the policy. The fee is hidden within the premium, but can be found with the policy document. The following is a summary of term 10 policy fees charged by Canadian insures. [...]
Transamerica’s Term Life Insurance Solution
03/22/2010Transamerica is the leading Canadian provider of term life insurance. They offer Term 10, Term 20, and Term 30 plans. Each of the policies are guaranteed renewable and convertible to a permanent plan without a medical. The features below are part of the reason Transamerica life term policies (distributed through independent brokers) can be [...]
Life Insurance and the Terminal Illness Benefit
03/19/2010End up here? Get an advance on your life policy Most Canadian Life Insurance companies offer a Terminal Illness Benefit, which pays out a lump sum payout as an advance on the insured's life insurance policy if he or she is diagnosed by a physician as having less than one, or sometimes two, years to [...]
TD Life Insurance Leaves Something to be Desired
12/15/2009
Find out TD Term Life plans
fall short before it’s too late.
photo by Craig CloutierTD Term life insurance has been offering life insurance for approximately 10 years Now their offering plans through their TD Life Insurance division and Transamerica Life.
The TD life plans are available on a Term 10 basis. The Transamerica policies are the same policies offered by Transamerica independent brokers, but TD agents are unfortunately limited to only selling Transamerica’s Term 10 and Term 20 policies. The application process breaks down like this:Transamerica to introduce new payment options
09/12/2008Effective September 15, Transamerica will offer more flexible limits and options for payment for both new and inforce insurance for their clients. From now on, they'll accept pre-printed personalized cheques from an authorized bank account, money orders up to $500, Counter Cheques for an amount up to $5,000, and pre-authorized debit plan. Bank drafts will [...]
Transmerica’s Critical Advantage plan – unique but limited
08/18/2008Stopping Motion by Okko Pykko Transamerica Critical Advantage is a global medical care insurance providing immediate access to advice and the best care through Best Doctors. If diagnosed with a covered medical condition, the client and their doctors or specialists have immediate access to Best Doctors, the world’s leading medical information resource. Best Doctors can [...]
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