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Trans Select 5, 10, 20 SM

Trans Select 5, 10, 20 SM. Group Voluntary Term Life Insurance. Trans Select 5, 10, 20 SM. Factors affecting employees’ life insurance needs Having a child Changes in marital status Buying a home Taking on debt Changing jobs Supporting aging parents Planning for college

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Trans Select 5, 10, 20 SM

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  1. Trans Select 5, 10, 20SM

    Group Voluntary Term Life Insurance
  2. Trans Select 5, 10, 20SM Factors affecting employees’ life insurance needs Having a child Changes in marital status Buying a home Taking on debt Changing jobs Supporting aging parents Planning for college Planning for retirement
  3. Trans Select 5, 10, 20SM Importance of life insurance at the workplace Attract and retain good employees Convenience Individually owned - fully portable at the same rates Life Insurance options - term and permanent Preferred underwriting Family protection Smaller face amounts Living benefit riders 2 out of every 3 employees purchase life insurance from their employer. LIMRA International 2010.
  4. Trans Select 5, 10, 20SM Trans Select 5, 10, 20SM Trans Select is a voluntary group term life insurance is a non-participating 5, 10 or 20 year renewable, portable and convertible term product with level death benefits. Initial and renewal term periods may be selected for 5, 10 or 20 years. Current premiums are guaranteed for the first 5 policy years. We reserve the right to change premiums after the first 5 years on a class basis, however, premiums will never exceed maximum premiums guaranteed in the policy.
  5. Trans Select 5, 10, 20SM Trans Select 5, 10, 20SM Affordable protection that allows employees to continue contributing in the employer’s retirement plan. Lower pricing allows employees to afford more death benefit protection. No medical examinations. Continuable so it offers the flexibility should the insured’s circumstances change.
  6. Trans Select 5, 10, 20SM Riders Included in Base Coverage Waiver for Layoff/Strike Provision Rider Accelerated Death Benefit for Terminal Illness Rider Child Term Rider (Employee Optional) Employer Optional Riders Waiver of Premium for Disability Rider AD&D Rider Accelerated Death Benefit for Long Term Care Rider Extension of Benefits for Long Term Care Rider Accelerated Death Benefit for Critical Care Rider
  7. Trans Select 5, 10, 20SM Issue Ages and Coverage Employee issue ages: Spouse issue ages are 16 - 65 Child coverage will be available for dependents age 15 days through 25 in the form of a child term rider.
  8. Trans Select 5, 10, 20SM Trans Select 5, 10, 20SM Face Amounts: Minimum: $5,000, Maximum: 500,000. Payroll Premium Modes: Weekly, Bi-weekly, Monthly, Semi-monthly, Ninthly, Tenthly, Quarterly and Semi-annually. Underwriting: Guaranteed Issue available based on group size Conditional Guaranteed Issue and Simplified Issue
  9. Trans Select 5, 10, 20SM
  10. Trans Select 5, 10, 20SM Trans Select 5, 10, 20SM Face Amounts: Minimum: $5,000, Maximum: 500,000. Payroll Premium Modes: Weekly, Bi-weekly, Monthly, Semi-monthly, Ninthly, Tenthly, Quarterly and Semi-annually. Underwriting: Guaranteed Issue available based on group size Conditional Guaranteed Issue and Simplified Issue
  11. Trans Select 5, 10, 20SM Rates: Rates are age and tobacco-distinct. Product rate sheets may be accessed on the Transamerica website. Sample Monthly Rates Issue Ages Employee Only Non-Tobacco Trans Select $50,000 5 year 10 year 20 year
  12. Trans Select 5, 10, 20SM Automatically renews at the end of the term period with a new current premium. Offers the feasibility of a guaranteed level rate for the first five years with premiums that are designed to remain the same for the term periods of 5, 10, or 20 years. Full portability at the same rate Option to convert to whole life policy
  13. Trans Select 5, 10, 20SM For more information or to obtain a proposal Contact a Regional Vice President or a Client Relationship Manager at 866-TRANSAMERICA Visit our Transamerica Employee Benefits website www.transamericaemployeebenefits.com
  14. Product Proposals and Rates Dedicated Sales Proposal Team Available Producer information Name, address, city, state, zip and agent number. Group information Name, address, city, state, zip and SIC code and eligible lives Products Plan design and/or Riders of the products Effective date Takeover provisions Provide census or current bill and current plan designs, effective dates, benefit amounts for underwriting review for takeovers. Normal turnaround is less than 24 hours with complete information
  15. Trans Select 5, 10, 20SM This is a brief summary of Trans Select 5, 10 & 20SM Group Term Life coverage. Some of the features highlighted are subject to certain limitations and exclusions. Please refer to your policy and/or sales literature for costs and further details, including specific limitations and exclusions. Availability of benefits varies by jurisdiction. Refer to the contract for complete information.
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