Transamerica TransACE Life Insurance

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Transamerica’s TransACE Life Insurance is permanent fixed premium universal life insurance coverage that we think our online customers should definitely know about. A Transamerica TransACE life insurance policy offers a guaranteed premium along with a guaranteed death benefit and promises that with the ACE (Assured Coverage Endorsement).Transamerica TransACE Life Insurance

The ACE keeps this policy from ever lapsing even if there is a zero cash value or not enough cash value to offset the cost of the insurance coverage.  What this means to the policyholder is that the policies premium and death benefit are guaranteed to remain the same provided you make your premium payment on time.

This coverage is often referred to as permanent term life insurance coverage.  The reason it’s referred to as permanent term life insurance coverage is like a term policy you pay a fixed premium for a set amount of years 10, 15, 20, 25 or 30 years. Well with a guaranteed universal life insurance policy you pay a fixed premium for the rest of your life GUARANTEED NEVER TO CHANGE.

Some Policy Features You’ll Love

TransACE comes with some outstanding and unique features that we consider to be really unique and beneficial to their policyholders.

Multiflex Surrender Enhancement Endorsement (Return of Premium)

The multiflex surrender enhancement endorsement offers the policyholder an opportunity to surrender their life insurance coverage for return of their paid premiums. 

At policy anniversary years 15, 20 and anytime after the 25th year, the policyholder can surrender their life insurance coverage for an opportunity to receive 100% of their paid premiums return to them.

Because life changes and needs change, the multiflex surrender endorsement is a great option to have if coverage is not needed or if money is tight. 

The ability to receive up to 100% of premiums paid into a policy is really a great option to have on a permanent life insurance policy.

Long Term Care (LTC) Rider

The long term care rider is a rider offered with a TransACE policy is designed to allow a policyholder to accelerate the policies death benefit to offset long term care expenses if the need arises. 

In order to be eligible for benefits you must be certified as a Chronically Ill individual, have an approved plan of care place and satisfy a 90 day elimination period. The long term benefits can help pay for expenses such as:

Long Term Care Facility Confinement
Home Health Care Services
Name Care Services
Adult Day Care Services
Hospice Care
Respite Care

Income Protection Option (IPO)

This optional rider gives the policyholder the ability to provide a guaranteed monthly income stream to one or more beneficiaries in addition to a lump sum payment in the event of the policyholder’s death.

In other words, the beneficiary is not provided with the full death benefit at the time of the policyholder’s death.  The policyholder elects how the death benefit will be paid to the beneficiaries.

Children’s Insurance Rider (CIR)

This optional rider allows for the children of the policyholder to be insured under the TransACE policy up to age 25.  Each child can be insured up to $99,000 of level term coverage. 

Any new children are automatically covered under this rider.  Any covered children under the child rider can convert their insurance to permanent life insurance up to $50,000 on certain dates.

Accident Indemnity Rider (AI)

The accident indemnity rider provides an additional death benefit if the insured dies due to an accidental bodily injury.  Death benefits under $200,000 you can elect up to of 2 ½ times the face amount up to a max of $200,000.  For death benefits $200,000 and more, $300,000 or the rider face amount whichever is less.

Guaranteed Insurability Rider (GIR)

The guaranteed insurability rider allows a policy owner to purchase additional death benefit coverage without evidence of insurability.  There are designated dates when the insured will be notified that the option is available.  The insurance will generally have 30 days to choose if additional coverage is desired.

Transamerica TransACE Life Insurance Quote

Transamerica TransACE life insurance is permanent life insurance coverage that truly does offer some unique and really great policy features to policyholders.  On top of great features also comes very competitive pricing for permanent life insurance coverage with Transamerica.

If you are interested in receiving a Transamerica TransACE permanent life insurance quote please feel to contact by email or toll-free at (888) 777-7574

For immediate service simply click the chat now button below or use our instant quote engine locate to the right of the page and select “LIFETIME” for your type of insurance.

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Jeffrey Manola

Jeffrey Manola

Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance.

Not only does he strive to provide you with the best rates for your life insurance coverage, but he also wants you to be well informed about the different types of life insurance options that are available. You will also find a significant amount of valuable information on the multiple life insurance companies that can provide you with coverage.

Jeffrey Manola is licensed to provide expert advice and help aid in the purchasing process of life insurance products. He is licensed with the National Insurance Producer Registry (NIPR) in the following states:

AL: 790866 AR: 14358927 AZ: 14358927 CA: 0K29801 CO: 531038 CT: 002536246 DC: 3000281706 DE: 3000190912 FL: W383615 GA: 3089339 HI: 482421 IA: 14358927 ID: 646048 IL: 14358927 IN: 3100885 KS: 14358927 KY: DOI-986908 LA: 758187 MA: 2045330 MD: 3000011601 ME: PRN252004 MI: 14358927 MN: 40427014 MO: 8428106 MS: 10519253 NC: 14358927 ND: 14358927 NE: 14358927 NH: 2434852 NJ: 1562332 NM: 14358927 NV: 3299018 NY: LB-1484031 OH: 1117369 OK: 100293583 OR: 14358927 PA: 740709 RI: 3000183893 SC: 14358927 TN: 2383399 TX: 1969337 UT: 648983 VA: 987464 VT: 3426230 WA: 947010 WI: 14358927 WV: 14358927

Never hesitate to reach out to Jeffrey if you need help. Top Quote Life Insurance is more than just an online quoting agency. We want to help you save money, protect your future, and earn your trust (888) 777-7574.

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