Transamerica’s Term Life Insurance Solution

Posted on March 22, 2010 and updated November 11, 2010 in Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Term Insurance, Transamerica Life Canada 2 min read
Transamerica

Transamerica 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 a great fit.

1. Preferred rates.  That is, preferred rates on policies in excess of $250,000. Preferred rates are available to individuals who are in excellent health and have excellent family health history. They can provide premiums which are up to 30% lower than standard life insurance rates.

2. Multi-life policies. This allows a husband and wife to be insured under one policy, thus reducing the overall cost of individual insurance.

3. Term 30 plans. Their term 30 plans offer two unique features:

a) A reduced paid-up feature, which allows the insured to stop paying after a limited number of years and allowing a reduced amount of coverage paid-up for life.

b) The insured can surrender the coverage and take its cash-value.

4. Special rate for high net-worth clients. Transamerica introduced a special, discounted, band six rate for high net-worth individuals who are looking for a life insurance plan in excess of $2.5M.

For more details, please contact us at 1-866-899-4849 or visit our Term Life Instant Quote Page.

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