Finding the best life insurance company to receive coverage from isn’t the hardest thing in the world but it certainly isn’t the easiest thing to do either. It can be much easier working with an independent life insurance agency, like us, because we do all the dirty work for you! TransAmerica has some of the best products and today we will be talking about TransAmerica’s Term Life Insurance with living benefits. We will be throwing some unbiased and honest information at you so that you can make the most educated decision for you and your family! The following are some key points from this article;
- In 1904 a young man named Amadeo Giannini created the Bank of Italy in San Francisco to provide financial services for everyone, not just the rich.
- Term life insurance is generally the most basic type of life insurance protection, but that doesn’t mean that there aren’t products with some bells and whistles for you.
- One such product is term life insurance coverage with living benefits, and one example is called Trendsetter LB offered by Transamerica. Sometimes, unexpected situations can derail you from your planned course of action. You might have had the best of intentions when it came to planning for your family and their future, but unexpected problems have a way of popping up.
- With a policy like Trendsetter LB from Transamerica, you could get access to your policy benefits while you are still alive so that you can help pay your bills, even when you already have health insurance. If you are defined with certain critical, terminal, or chronic illnesses while you have this policy from Transamerica, you can have part of your policy accelerated to you so that you can help replace income in your household or even provide for the medical care you need (like in-home care or going to a facility)
- There is a way to protect you and your family, and it’s through life insurance. Life insurance can actually play a crucial role in protecting your finances when a critical, chronic, or terminal illness happens.
- For over 100 years TransAmerica Life Insurance Company and has pretty high rankings from A.M Best, Fitch Ratings, Moody’s, and Standard & Poor’s. A.M Best and Fitch’s Ratings both rated Transamerica an “A+”. Moody’s rated them an “AA-” and Standard & Poor’s rated them an “A1”.
- The rating is one of the most important things you can look at when deciding on a life insurer.
TransAmerica Life Insurance Company History
In 1904 a young man named Amadeo Giannini created the Bank of Italy in San Francisco to provide financial services for everyone, not just the rich. The following two years after earthquakes and fire struck the city, Giannini set up a makeshift bank on the docks to help give loans to rebuild homes which were secured by a simple handshake. In 1956, banking and life insurance business separated and renamed the company to Transamerica Life. The company has a parent company called AEGON, who is one of the largest financial companies on the planet.The iconic pyramid that is the company’s logo today, was adopted in 1972. The idea from the beginning when Transamerica was created, was to be a sunlight or financial security for everyone of all class levels. So it is only fitting that their headquarters should transform the San Francisco skyline, in the same way, that they’ve transformed financial services for everyone.
First of all, What is Term Life?
Term life insurance is generally the most basic type of life insurance protection, but that doesn’t mean that there aren’t products with some bells and whistles for you.It is a great plan due to its simplicity as a pure life insurance coverage with no cash value. Because this plan doesn’t come with any bells and whistles it is very affordable. Since the premiums are lower compared to permanent life insurance, term life is a great way to protect your family and their financial future.
TransAmerica Trendsetter LB Insurance
One such product is term life insurance coverage with living benefits, and one example is called Trendsetter LB offered by Transamerica. Sometimes, unexpected situations can derail you from your planned course of action. You might have had the best of intentions when it came to planning for your family and their future, but unexpected problems have a way of popping up.
One such example is illness and serious medical situations. Did you know that recent studies suggest that up to fifty percent of the population is affected by at least one chronic illness? As a result, those people suffering from the illnesses often have impacts on their daily lives. Whether it’s not being able to pursue an activity you enjoy anymore or whether it means missed time at work, a chronic illness can really influence how you are able to live your life. Some examples of chronic diseases that cause problems are a stroke, cancer, diabetes, and heart disease. These are among the most common types of health problems in our country, but they are also leading causes of death and disability. How can you protect yourself against the sudden problems that these medical conditions can cause?
There is a way to protect you and your family, and it’s through life insurance. Life insurance can actually play a crucial role in protecting your finances when a critical, chronic, or terminal illness happens. You don’t want your finances to be your focus if something happens to you- you want to be able to focus on recovery and living your life and not have the added panic of struggling to meet your bills.
Why buy the Trendsetter LB from TransAmerica
With a policy like Trendsetter LB from Transamerica, you could get access to your policy benefits while you are still alive so that you can help pay your bills, even when you already have health insurance. If you are defined with certain critical, terminal, or chronic illnesses while you have this policy from Transamerica, you can have part of your policy accelerated to you so that you can help replace income in your household or even provide for the medical care you need (like in-home care or going to a facility). When you are faced with a sudden illness, this policy can swoop in to help pick up the pieces and allow you to focus on getting the care you need most.
More About TransAmerica Life Insurance Company
For over 100 years TransAmerica Life Insurance Company and has pretty high rankings from A.M Best, Fitch Ratings, Moody’s, and Standard & Poor’s. A.M Best and Fitch’s Ratings both rated Transamerica an “A+”. Moody’s rated them an “AA-” and Standard & Poor’s rated them an “A1”. A company with a high rating like TransAmerica will give you a peace of mind knowing that they have claims paying ability if something was to happen to you. It also shows you how many financial reserves a carrier has to withstand a lot of claims or withstand a financial meltdown as the most recent one that happened in 2008.
As of December 2013, the company has $1.85 billion of life insurance in force. According to NAIC, Transamerica has more than 3% market share of the U.S Life insurance market which is pretty impressive. Transamerica may be very stable but it may not be the company for you and your family. They are one among many companies and it’s always important to shop around; Here at InsureChance we always have a goal in mind and that’s to compare the best companies and quotes with their products and that helps us find the best policy that fits your health and lifestyle.
Work with us!
TransAmerica is a fantastic company to go with and this plan is very unique so overall is a great choice. This is also one of our high-risk companies that we use for our clients that are not in perfect health. Either way, the best thing you can do is shop around with top companies and you can do that right here on our site. We represent over 60 different large insurers and give you the power to let them compete for your business. You can get coverage from $25,000 to $999,999, making the financial benefits in your policy up to you. You can even be eligible for up to $249,999 without having to get a medical exam. If you’d like to learn more about this type of policy, contact us today.
