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August 02, 2006 at 12:56 PM
Transamerica Occidental Life Insurance Company has introduced the Trendsetter ROP 30 life insurance policy.
The 30-year return of premium term life policy is a level-death-benefit term life policy that is guaranteed renewable to age 95.
The premiums are guaranteed level for the first 30 years and thereafter increase annually until age 95, according to Transamerica Occidental, Los Angeles, which is a unit of AEGON N.V., The Hague, Netherlands.
Return-of-premium cash values begin in year 6 and increase each year to 100% of the eligible premium at the 30th anniversary.
