Notice of Compensation Change for TransACE Survivor 2010
Transamerica is eliminating commissions on premium received in excess of target in any policy year for the TransACE Survivor® 2010 product. 
Explore Sales Opportunities in the Business Owners Market with TransTerm
Join Provada and Transamerica on Thursday, July 21 at 10:30am PT as we discuss a UL/Term hybrid product with strong features that can help create sales opportunities in the business owners market. This week's webinar will cover:
Out With The Old In With The New
Over the next few months, Transamerica is phasing out its current Trendsetter term product in favor of its new TransTerm product line which is now available. TransTerm is really a flexible premium Universal Life policy with a no lapse guarantee, but with competitive term premiums for the selected level premium term period of 10, 15, 20, 25, or 30 years. At the end of the level premium term period, the client has several options for continuing the coverage at guaranteed rates: (1) Guaranteed Universal Life; (2) Increasing premium term; or (3) Subsequent level premium term periods
Which Life Carriers are Quickest? Best underwriting? Easiest to work with?
With more than 40 different carriers available at Provada, it can often be time consuming to find the best one for a particular situation. Many factors are involved in carrier selection including pricing, the financial strength of the carrier, underwriting offers, capacity, etc.
U.S. Travel Warning-Mexico
Previously, the U.S. State Department issued a travel warning for all U.S. citizens traveling to and residing in specific areas of Mexico, including all cities along the U.S. border.
Get Your Clients Up to $1 Million of Additional Term Insurance With No Medical
If you have clients who have purchased term life insurance in the past five years, they might be eligible to obtain up to $1 Million of additional coverage without taking another medical examination. This is not a guaranteed issue program, but fully underwritten policies issued through the Transamerica Opportunity Program (TOP).
May 28th Deadline for Submitting TransAce Applications
Just a reminder, May 28th is the deadline for submitting Transamerica's TransAce applications into the home office for current pricing. Below is some transition guidelines and details.
Applications for the current (old) TransACE product must be received in our Cedar Rapids Administrative Office by close of business on May 28, 2010. To be considered a received application, the following must be met:
Changes and rate increases to Transamerica's TransACE product.
Please see below on some key changes at Transamerica:
- The changes impact the single life TransAce product. Level premiums are affeted the least (on average, the increase is about 5.6%). The biggest impact is on single and short pays.
- The changes should result in some cash value increases on the policy. Transamerica is also working on a Cash Value Enhancement rider; expected to roll out in the near future.
Term Coverage with NO medical exam required!
Would you believe that clients can obtain $1 Million of Transamerica term coverage with NO medical exam required?
Well, if they qualify for the TOP 25 Program, they can!!





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