SOURCE: Transamerica


March 02, 2011 13:49 ET

Transamerica Offers Consumers Protection... for Life

TransTerm(SM) Provides Cost-Effective Protection for Today With Flexibility to Extend Coverage for Life

LOS ANGELES, CA--(Marketwire - March 2, 2011) - With Transamerica Life Insurance Company's (TLIC's) TransTerm(SM), a new universal life insurance policy built to carry insureds through periods of uncertainty and of instability, consumers can have the best of both worlds: cost-effective protection, with flexibility to transition to lifetime coverage.

"One of the few financial instruments that can take the risk out of life is life insurance," explains Michael Babikian, Senior Vice President and Chief Marketing Officer of Transamerica Insurance & Investment Group, a marketing unit of TLIC. "TransTerm is exceptional in that it offers cost-effective term-like level premiums now, plus permanent protection. Consumers know what their premiums down the road will be if their needs change and they want more permanent insurance."

This product locks in economical premiums for the designated term, but by offering control, guarantees and flexibility, gracefully addresses the challenges many families face today -- like blended families, aging family members, "boomerang" kids returning home and retirees and near-retirees.

TransTerm also offers important advantages when it comes to:

  • Income protection strategies,
  • Estate tax planning strategies,
  • Business planning strategies, and 
  • Charitable giving strategies.

In addition, TransTerm offers distinct planning advantages when it comes to staying within a budget by offering:

  • Cost-effective premiums,
  • An Income Protection Option (IPO),
  • A waiver provision,
  • An accident indemnity rider,
  • An accelerated death benefit, and
  • Children's insurance rider.

"At a time when people want to guarantee certain opportunities for their families, but also need the ability to change their plans over the years, TransTerm is the perfect solution," says Babikian.

Producers and registered representatives interested in learning more about TransTerm should call 1-866-545-9058. Consumers who are interested can call 1-800-PYRAMID.

About Transamerica

Transamerica Life Insurance Company (TLIC) offers an array of innovative financial services and products designed to help individuals, families, and businesses build, protect, and preserve their assets. Products and services offered through TIIG are underwritten by TLIC or its affiliated statutory insurance companies, and include term life insurance, universal life insurance, variable universal life insurance, and fixed annuities. TLIC is an AEGON company. AEGON is an international life insurance, pension and investment group based in The Hague, the Netherlands, with businesses in over twenty markets in the Americas, Europe and Asia.

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