TransAmerica

Transamerica is a major name in the life insurance industry and offers a surprisingly versatile final expense portfolio for independent agents. Rather than giving agents only one whole life option, Transamerica's Final Expense Solutions Portfolio includes multiple ways to structure coverage, giving agents more flexibility when matching a product to a client's health, budget, and long-term goals.

Agents contracting through Agent First Contracts receive a direct contract with Transamerica. Agents are paid directly by the carrier and have access to competitive commission opportunities and Transamerica's final expense product portfolio.

Why Final Expense Agents Use Transamerica

Transamerica gives final expense agents several tools within one carrier. The current Final Expense Solutions Portfolio includes Immediate Solution, 10-Pay Solution, and Easy Solution, providing both immediate and graded death benefit options.

That versatility is important in final expense. Not every client has the same objective. Some are focused almost entirely on keeping their monthly premium low, while others want to pay a policy off faster or need a different underwriting solution. Having multiple product structures available from the same carrier gives agents another way to solve those situations.

• Direct carrier contract
• Paid directly by the carrier
• Competitive commission opportunities
• Multiple final expense product options
• Immediate and graded death benefit options
• No exam or labs
• Automated underwriting
• Same-day approval possible
• Social Security payment options
• Strong national brand recognition

Transamerica Final Expense Solutions Portfolio

Transamerica's Final Expense Solutions Portfolio consists of three primary whole life options: Immediate Solution, 10-Pay Solution, and Easy Solution. Immediate Solution and 10-Pay Solution provide the full death benefit from day one, while Easy Solution uses a graded death benefit structure during the first two policy years.

This gives agents more flexibility than a traditional one-product final expense lineup. Depending on the client's eligibility and needs, an agent can potentially position traditional lifetime-pay whole life coverage, a limited-pay option, or a graded benefit solution.

Immediate Solution

Immediate Solution is Transamerica's level death benefit whole life option. The policy provides the full death benefit from day one and is available across a broad range of issue ages.

For agents, this can serve as the traditional final expense solution within the Transamerica portfolio — permanent whole life coverage with guaranteed fixed premiums and cash value accumulation.

10-Pay Solution

The 10-Pay Solution is one of the more interesting tools in Transamerica's final expense lineup. Instead of requiring premiums for life, premiums are payable for 10 years. The product still provides the full death benefit from day one for eligible applicants.

This gives agents another conversation to have with clients who have the ability and desire to pay their coverage off over a shorter period rather than continuing premium payments throughout their lifetime.

Easy Solution Graded Death Benefit

Easy Solution provides another placement option for clients who may not qualify for Transamerica's immediate death benefit products. During the first two policy years, non-accidental death benefits are generally limited to 110% of premiums paid, less any applicable loan balance. After the first two years, the death benefit is based on the policy's face amount regardless of cause of death, subject to policy terms.

For final expense agents, having a graded option available within the same carrier can help provide another path when level coverage is not available.

No Exam and Automated Underwriting

Transamerica's final expense products are designed around a simplified sales process. According to the current product materials, there are no exams or labs, automated underwriting is used, same-day approval may be possible, and coverage can potentially begin immediately.

That combination can make Transamerica useful for both in-home and remote final expense sales where agents want to move from application to underwriting decision without a traditional medical exam process.

Social Security Payment Option

Transamerica also provides an important feature for agents working with seniors: premiums can be paid using Social Security benefits through the Direct Express® Debit MasterCard®.

Payment flexibility can matter just as much as underwriting in the final expense market, especially when working with clients whose primary source of income is Social Security.

Coverage and Product Flexibility

Transamerica's Immediate Solution and 10-Pay Solution offer coverage amounts that vary by age, with maximum death benefits ranging up to $50,000 for eligible younger issue ages. Easy Solution offers a maximum death benefit of $25,000. The minimum death benefit is $1,000. Product availability, limits, and eligibility vary by age and jurisdiction.

The policies also build cash value and may offer optional or included riders depending on the product and state, including accelerated death benefit, accidental death, and children's or grandchildren's benefit options.

Who Transamerica Is Best For

Transamerica can be a strong addition for agents who:

• Want multiple final expense products from one carrier
• Need both level and graded death benefit options
• Want a limited-pay whole life option
• Work heavily in the senior market
• Need Social Security-friendly payment options
• Prefer no-exam final expense products
• Want automated underwriting and potential same-day decisions
• Want another nationally recognized carrier in their portfolio

Transamerica Contracting for Independent Agents

Agents contracting through Agent First Contracts receive:

• Direct contract with Transamerica
• Paid directly by the carrier
• Competitive commission opportunities
• Access to Transamerica final expense products
• Independent agent opportunity
• Access to Immediate Solution, 10-Pay Solution, and Easy Solution

For independent final expense agents, Transamerica provides more than simply another whole life product. Its combination of immediate benefit, limited-pay, and graded benefit options gives agents several ways to solve cases while keeping business within the same carrier.

Frequently Asked Questions

Does Transamerica offer final expense insurance?

Yes. Transamerica offers a Final Expense Solutions Portfolio that includes Immediate Solution, 10-Pay Solution, and Easy Solution whole life products.

Is Transamerica final expense a no-exam product?

Transamerica states that its Final Expense Solutions Portfolio does not require exams or labs and uses automated underwriting, with same-day approval possible.

Does Transamerica have a level death benefit final expense product?

Yes. Immediate Solution and 10-Pay Solution provide the full death benefit from day one for eligible applicants.

What is Transamerica 10-Pay Solution?

10-Pay Solution is a whole life option where premiums are payable for 10 years rather than for the insured's lifetime.

Does Transamerica offer a graded final expense plan?

Yes. Easy Solution is Transamerica's graded death benefit option.

Can Transamerica final expense premiums be paid with Social Security?

Transamerica's current product materials state that premiums can be paid using Social Security benefits through the Direct Express® Debit MasterCard®.

Is this a direct Transamerica contract?

Yes. Agents contracting through Agent First Contracts receive a direct carrier contract and are paid directly by the carrier.

Get Contracted with Transamerica

If you are an independent agent looking for a Transamerica final expense contract, competitive commission opportunities, multiple whole life product options, and a direct contract where you are paid directly by the carrier, Transamerica can be a valuable addition to your final expense portfolio.

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