Updated Transamerica Policy

Updated Transamerica policy

Back in 2019, Updated Transamerica policy offloaded its long-term care business to a company called LTCG. LTCG was then acquired in 2022 by Illumifin. Since Transamerica left the LTC market, they’ve been focusing on offering living benefits with their life insurance products. They offer a number of different options for term, universal, and whole life policies that have living benefit riders available.

These policies are designed to protect against the potential cost of long-term care, but also provide a death benefit that can be used in the event of an untimely death or for other purposes. They have no medical exam requirements and can help ensure that clients have the coverage they need for their unique circumstances.

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Some of these life insurance policies are able to accumulate cash value over time. This can be a great way to supplement retirement income, pay for unexpected expenses, or even borrow against the policy. Additionally, many of these policies can be customized by adding riders to address specific needs.

With a variety of different life insurance policy options and the possibility of cash accumulation, Transamerica offers a variety of ways to protect your loved ones’ futures. They have a number of no medical exam required life insurance policies to choose from, including the Trendsetter Super Series and Financial Foundation IUL, as well as their final expense life insurance, FE Express SolutionSM. This game-changing product combines whole life final expense insurance with funeral concierge service, providing clients with an affordable and convenient option for their unique needs.