Transamerica Term Life Insurance Policy Features

Transamerica Life Insurance Co - Family Markets Ultima Elite Term II Product Features


State Approvals	Available in all states EXCEPT: NY PR WA When WA is approved it will not be available for the 30 year term. Also Issue Ages will be capped at 60 for 10 year, 55 for 15 year and 50 for 20 year.
Type	The attached UW Requirement Chart does not apply to this product This product is a 10, 15, 20 or 30-year level premium period, non-participating, level death benefit, term to age 95 product. Premiums are level for the initial term period selected (10, 15, 20 or 30 years) and then annually increasing. The product premiums are fully guaranteed. The product will have six underwriting classes. This is a non-illustrated product in terms of the Model Regulation. The currently existing product will still be available for sale in each state until this new version is approved. The DI rider will be the same in all respects as the currently existing rider.
Conversion Options	Conversion allowed during the initial level term period (that is 10, 15, 20 or 30 years) or to age 70 if earlier. Conversion may be to any permanent plan being offered at the time of conversion, which is eligible for conversion. Conversion may occur immediately after issue.
Issue Ages	Age Last Birthday Term 10: all classes: 18-80 Term 15: Non-tobacco: 18-75; Tobacco: 18-70 Term 20: all classes: 18-65 Term 30: Non-tobacco: 18-50; Tobacco: 18-45
Face Amounts Min/Max	Face Amount Bands Band 1 = $25,000 - $100,000 Band 2 = $100,001 - $249,999 Band 3 = $250,000 and up Minimum Face Amount: Non-tobacco/Tobacco: $25,000 Preferred Elite/Preferred Plus/Preferred/Preferred Tobacco: $100,001 Minimum Modal Premium: $10.00
Modal Factors	Semi-annual = .5100 Quarterly = .2600 Monthly = .0875
Policy Fee	$80 Annually (Fully commissionable) $60 Annually (Fully commissionable) for band 3 only
Special Product Features	Terminal Illness Accelerated Benefit Waiver of Premium Benefit Rider (WP) Children’s Insurance Benefit Rider (CBR); $6/unit; units 1-25; insured ages 18-80 Additional Insured Rider (AIR) Disability Income Rider (DIR) Settlement Option Endorsement (SOE) Critical Illness Rider (CIR)
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Transamerica Life Insurance Co - Family Markets Ultima Elite Term II Underwriting Guidelines
Classes	Preferred Elite Preferred Plus Preferred Non-tobacco Preferred Tobacco Tobacco
Re-entry
Tobacco Definition	Tobacco Use Includes tobacco or nicotine based products Preferred Elite None in the past 5 years Preferred Plus None in the past 3 years Preferred None in the past 2 years Non-tobacco None in the past 1 year
Special Underwriting Features	Preferred Underwriting Guidelines Preferred Elite Cholesterol – No treatment – less than or equal to 200; Chol/HDL ratio less than or equal to 5.0 Blood Pressure – No treatment – 130/85 Family History – Includes coronary artery disease, internal cancer or melanoma or cardiovascular disease – No occurrences prior to age 60 Aviation – No Avocation (Hazardous) – No Substance/Alcohol Abuse – No abuse Driving – No more than 2 moving violations in past 3 years; No DUI/Reckless driving in past 5 years US Residency – for past 3 years Citizenship – Citizen or permanent residency status Travel (unsafe) – No Preferred Plus Cholesterol – No treatment – less than or equal to 230; Chol/HDL ratio less than or equal to 5.5 Blood Pressure – No treatment – 140/90 Family History – Includes coronary artery disease, internal cancer or melanoma or cardiovascular disease – No occurrences prior to age 60 Aviation – No Avocation (Hazardous) – No Substance/Alcohol Abuse – No abuse in past 10 years Driving – No more than 2 moving violations in past 3 years; No DUI/Reckless driving in past 5 years US Residency – for past 3 years Citizenship – Citizen or permanent residency status Travel (unsafe) – No Preferred Cholesterol – less than or equal to 260; Chol/HDL ratio less than or equal to 7.0 - Treatment will be given individual consideration on a case by case basis, may or may not be eligible Blood Pressure – within 150/90; with treatment below 140/90 Family History – Includes coronary artery disease, internal cancer or melanoma or cardiovascular disease in parents or siblings – No death prior to age 60 Aviation – No Avocation (Hazardous) – Individual consideration on a case by case basis, may or may not be eligible Substance/Alcohol Abuse – No abuse in past 5 years Driving – No more than 2 moving violations in past 3 years; No DUI/Reckless driving in past 5 years US Residency – for past 3 years Citizenship – Citizen or permanent residency status Travel (unsafe) - No Preferred Tobacco Cholesterol – No treatment - less than or equal to 230; Chol/HDL ratio less than or equal to 6.0 Blood Pressure – No treatment -135/85 Family History – Includes coronary artery disease, internal cancer or melanoma or cardiovascular disease in parents or siblings – No death prior to age 60 Aviation – No Avocation (Hazardous) – No Substance/Alcohol Abuse – No abuse in past 10 years Driving – No more than 2 moving violations in past 3 years; No DUI/Reckless driving in past 5 years US Residency – for past 3 years Citizenship – Citizen or permanent residency status Travel (unsafe) - No The attached UW Requirement Chart does not apply to this product