USA Today Names Transamerica Best in Four Categories
USA Today selected Transamerica Life Insurance Company as a top choice for life insurance policies, naming them the best for living benefits, buyers in their 50s, seniors, and for policies that don’t require a medical exam.
Best no-exam life insurance – Transamerica earned four and a half stars for its Trendsetter® Super policy. The policy was called out for extremely competitive pricing at high coverage amounts. They also mentioned the flexibility of multiple term lengths ranging from 10 to 30 years and that coverage can be renewed up to age 105 — the highest in their analysis.
Best for living benefits – Awarding Transamerica four stars, USA Today noted that the Trendsetter® LB term life insurance policy includes living benefits for terminal, chronic, or critical illnesses at no additional premium cost, as well as other optional riders to customize coverage.
Best for buyers in their 50s –Transamerica’s Trendsetter® Super term life insurance policy earned a four star rating from USA Today, due to having some of the lowest premiums for individuals in their 50s. The publication also noted that Transamerica’s maximum issue age is 80 — one of the highest amongst the insurance companies reviewed.
Best for seniors – With a four star rating, USA Today noted that with Transamerica’s Trendsetter® LB term life policy, living benefits are included in the policy. They also noted that you can add several optional riders to customize coverage.
USA Today also listed some additional benefits of the Trendsetter® LB policies:
- Up to $2 million in term coverage without a medical exam.
- Trendsetter® LB policy includes living benefits in cases of terminal, chronic or critical illnesses.*
- Several other optional riders are available to customize coverage.**
To determine the best life insurance companies, USA Today life insurance experts evaluated 28 of the top life insurance companies that offer coverage in the United States. Each life insurance company included in their evaluation had the opportunity to earn up to 100 points, based on several factors including rates, reliability of policy illustrations and financial strength.
*Benefits paid under accelerated death or living benefit riders will result in a reduction of the life insurance policy’s benefits and values, including face amount, death benefit, and premiums based on the amount that is accelerated. Benefits advanced under the accelerated death benefit may be taxable in certain circumstances. As with all tax matters, you should consult with your tax advisor regarding the tax treatment of receiving an accelerated death benefit. Payment of an accelerated death benefit may affect eligibility for Medicaid or other government benefits and entitlements. Refer to the policy or riders for complete details.
**Certain riders are available at an additional cost. Riders and rider benefits have specific limitations and may not be available in all jurisdictions. For complete details including the terms and conditions of each rider and exact coverage provided, please consult a Transamerica agent.
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. Not available in New York.
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MAY LOSE VALUE
NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK