October 18, 2023
This month Forbes Advisor selected Transamerica as a standout in the life insurance industry for best life insurance for buyers in their 50s and best for reliable policy quotes. Forbes Advisor compiles insurance industry data from their own research and other sources to help consumers evaluate their choices while weighing financial goals and budgets.
For buyers in their 50s, Forbes Advisor noted that Transamerica’s Trendsetter® Super term policy should be considered for “its top-notch policy features that are available for older ages and excellent rates.”
Forbes Advisor gave Transamerica top marks for reliable policy quotes. In addition, the publication called out Transamerica’s Trendsetter® Living Benefits term life policy for the ability to access the policyholder’s own death benefit early if they develop a chronic or critical illness.
About Transamerica Life Insurance Company
Trendsetter® LB and Trendsetter® Super are term life insurance policies issued by Transamerica Life Insurance Company, Cedar Rapids IA. Policy Forms ICC16 TL23, TL23, ICC16 TL24, or TL24.
Premiums increase beginning in year 11 for the 10- year policy, in year 16 for the 15-year policy, in year 21 for the 20-year policy, in year 26 for the 25-year policy, and in year 31 for the 30-year policy.
Policy forms and numbers may vary, and these policies and riders may not be available in all jurisdictions. Insurance eligibility and premiums are subject to underwriting. In most states, in the event of suicide during the first two policy years, death benefits are limited only to the return of premiums paid.
Not available in New York.
