SOURCE: Transamerica


August 01, 2011 09:00 ET

Transamerica Opportunity Programs (TOP) Help Producers Accelerate Through Underwriting

LOS ANGELES, CA--(Marketwire - Aug 1, 2011) - Transamerica Life Insurance Company now offers two accelerated underwriting programs that enable qualifying applicants to receive up to $1 million in coverage. Under the Transamerica Opportunity Program (TOP) and Transamerica Opportunity Program Plus (TOP Plus), individuals who've been fully underwritten for term insurance within the past five years may be eligible for a TransTerm(SM) 10-, 15-, 20-, 25- or 30-year policy without a new medical exam. And to top it all off, all TOP policies are fully commissionable.

"This is a phenomenal asset repair strategy. Today, nearly half of high-net-worth investors are avoiding high-risk investments more than they were before the financial downturn. Now more than ever, our portfolio of products is the perfect solution for clients and their producers," says Michael Babikian, Senior Vice President and Chief Marketing Officer of Transamerica Insurance & Investment Group. "Clients can recapture lost wealth, and producers save precious time and money, thanks to faster placement of cases without medical exams."

With the TOP Programs, qualifying applicants can obtain up to $1 million of coverage. TOP and TOP Plus -- which are available with TransTerm(SM) 10, 15, 20, 25 or 30 -- include:

  • Accelerated underwriting without medical exams*
  • Fully commissionable premiums
  • A comprehensive list of over 60 qualifying carriers
  • Allowances for multiple policies up to the qualifying limit of $1 million

Whether or not their current policy is still inforce, prospects may qualify for TOP if they've been fully underwritten with bloodwork and issued a Term policy within the past five years and:

  • Are ages nearest 18 to 60 (for TOP)
  • Are ages nearest 18 to 50 (for TOP Plus)
  • Have been issued a risk class equivalent to or better than Preferred or Standard (smoker risk classes are acceptable) for TOP and Preferred Plus or Standard Plus for TOP Plus

Producers and registered representatives interested in learning more about TOP programs should call Strategic Marketing 866-545-9058, option 1.

About Transamerica
Transamerica Insurance & Investment Group, a marketing unit of 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.

*These are not Guaranteed Issue programs. Qualification for coverage depends on the answers to health questions set forth in the TransTerm application. Subject to underwriting approval. Underwriting includes Medical Information Bureau (MIB) screening, nonmedical, face page of previously issued term policy, and additional requirements which may be imposed based on information from MIB. Programs are subject to withdrawal at any time without notice from the Company.

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