Life Insurance 101
Insurance 101
Permanent life insurance provides lifelong protection. There’s always a payout, regardless of when a client passes, as long as the policy remains in force. Even better, permanent life insurance can build cash value, which grows with each payment made in excess of the policy charges. There are several types of permanent life insurance offered by Transamerica, including index universal life insurance (IUL), whole life insurance, and final expense life insurance. Find the best match for your clients with these resources.
Term vs. permanent life insurance
Life insurance products fall into one of two categories: term or permanent. Both can play an essential role in planning a secure future for families. See the key differences with this comparison flyer.
Understanding premiums
There are two key topics when it comes to permanent life insurance premiums: The minimum no lapse premium and target premiums. Check out our flyer to get a clear explanation.
What to know about life insurance tests
Life insurance products that build cash value like IUL are subject to certain “tests” to ensure they meet Internal Revenue Code requirements to qualify as a life insurance contract and maintain tax-favorable status. These include the Guideline Premium Test (GPT), Cash Value Accumulation Test (CVAT), and the 7-pay test.
Understanding GPT and CVAT tests
Understanding the 7-pay test
Level, increasing, and graded death benefits options
Universal life insurance can appeal to a variety of clients for many reasons, including offering three death benefit options. Find the best fit with this flyer.
Connecting with your next client
Language of the customer
The key to successful communication is not necessarily what you say, but how you say it.
Speaking Millennial
Learn how to get a conversation started with Millennials and Gen Z about life insurance.
Types of life insurance
When it comes to life insurance, there’s no one-size-fits-all solution. That’s why we offer a variety of options to meet individual client needs.
Index universal life insurance (IUL)
Here you'll find resources for our index universal life solutions, along with their rider information covering living benefits, long term care, and more.
Term life insurance
Learn about our term life insurance options and how they may benefit your clients.
Whole life & final expense
Explore our whole life solutions that provide a convenient way to protect loved ones.
Additional resources
To help maximize your potential as an effective agent, we’ve included a few additional resources to sharpen your edge as you help clients live their best lives.
New agent checklist
As you ramp up your business, here are a few key reminders to keep you on track.
General product information
Review state availability charts for our products and riders along with other essential resources to help connect with clients.
Agent Central homepage
We recommend bookmarking Agent Central for easy access to your business-building resources.