Transamerica's new Term rates put them in the hunt

FROM TRANSAMERICA...

LOWER RATES ACROSS THE PORTFOLIO

With new, highly competitive rates, Transamerica now holds the top-ranked position for one in three of 3,942 quoting scenarios and finishes in the top three for more than half when comparing annual rates among top competitors.

We took a balanced approach to these adjustments, looking at where we could reprice and still remain competitive, which allowed us to make bigger price reductions for your clients across all risk classes. The key takeaway? Transamerica is now ranked in the top three 45% of the time for our two best risk classes, 63% for nonsmokers, and 97% for smokers.

Transition Rules

• All new applications submitted on or after October 2, 2021, will reflect new pricing.

Applications received on or before October 1, 2021, and issued by November 5, 2021, will automatically receive the better of old or new rates; if issued November 6, 2021, or later, the case will receive the new rate