bannerfans_15949342

Term Life Insurance with Accelerated Death Benefit for Critical Care Condition

Underwritten by Transamerica Life Insurance Company


The Trans Select® 20 Year Term Life Insurance policy is unlike any other term policies available.

Here’s why!

Guaranteed Renewable without Medical Evidence-

20 Year Term Period. Very Important – At the end of each term, the insurance will automatically renew unless canceled by the owner. The new premium rate, based on the attained age of the insured and the death benefit, will be presented. The premium change will occur on the group renewal date. Subsequent term periods are 20 years or until the expiration date, if earlier.

All other term policies require new underwriting to lock into the term rates or it turns into a policy where the premiums increase each year called an annual renewable term policy.

Accelerated Death Benefit for Critical Care Condition

Accelerated Death Benefit for Critical Care Condition Rider (Rider Form Series CRCCVTVA) accelerates 25% of the life insurance death benefit if an insured person is diagniosed with a covered critical care condition (cancer, heart attack, major organ transplant surgery, renal failure, or stroke), after the 30-day waiting period. Accelerated Death Benefit for Critical Care Condition Rider (Rider Form Series CRCCVTVA) Accelerates a portion of the life insurance death benefit if an insured person is diagniosed with a covered critical care condition (cancer, heart attack, major organ transplant surgery, renal failure, or stroke), after the 30-day waiting period.

Click on image to enlarge for easy viewing.

 

Portable

The Life Insurance policy is yours and you may take the insurance with you if you retire or leave your job.

Conversion

If you have change in your health, the policy allows for you to convert your term insurance to permanent insurance.¹

Insurance Issue Ages

Members 18-65
Spouses 18-65
Child(ren) dependents age 15 days through age 25

Conditional Guaranteed Issue Limits

Employee $100,000
Spouse $ 15,000
Child(ren) $ 10,000

This is a brief summary of the Trans Select Group Term Life Insurance underwritten by Transamerica Life Insurance Company,Cedar Rapids, Iowa, 52499. Policy form series CPVTL200 and (Rider Form Series CRCCVTVA)  and form numbers may vary. Insurance may not be available in all jurisdictions. Limitations and exclusions apply. Refer to the policy, certificate and riders for complete details.

¹Insurance could lapse prior to maturity for non-payment of premiums.