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Transamerica Introduces 30-Year Term Policy

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NU Online News Service, Aug. 15, 12:10 p.m. – Transamerica Occidental Life Insurance Company, Los Angeles, is introducing a new 30-year term life insurance policy, the Trendsetter Super 30 policy.

The policy, which replaces Transamerica’s Trendsetter 30/10 policy, offers guaranteed level premiums for 30 years for policies with minimum face amounts of $100,000.

The policy comes with a feature that gives holders the ability to convert the term coverage to universal or variable-universal life coverage.

Transamerica executives say they believe the new policy will be especially attractive to buyers in their 30s and 40s.

Transamerica is a unit of AEGON N.V., The Hague, Netherlands.