Trans Select 5, 10, 20SM
Group Voluntary Term Life Insurance
Trans Select 5, 10, 20SM
Factors affecting employees’ life insurance needs
• Having a child
• Changes in marital status
• Buying a home
• Taking on debt
• Changing jobs
• Supporting aging parents
• Planning for college
• Planning for retirement
Trans Select 5, 10, 20SM
Importance of life insurance at the workplace
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Attract and retain good employees
Convenience
Individually owned - fully portable at the same rates
Life Insurance options - term and permanent
Preferred underwriting
Family protection
Smaller face amounts
Living benefit riders
Trans Select 5, 10, 20SM
Trans Select 5, 10, 20SM
• Trans Select is a voluntary group term life insurance
is a non-participating 5, 10 or 20 year renewable,
portable and convertible term product with level
death benefits.
• Initial and renewal term periods may be selected for
5, 10 or 20 years. Current premiums are guaranteed
for the first 5 policy years. We reserve the right to
change premiums after the first 5 years on a class
basis, however, premiums will never exceed
maximum premiums guaranteed in the policy.
Trans Select 5, 10, 20SM
Trans Select 5, 10, 20SM
• Affordable protection that allows employees to
continue contributing in the employer’s retirement
plan.
• Lower pricing allows employees to afford more
death benefit protection.
• No medical examinations.
• Continuable so it offers the flexibility should the
insured’s circumstances change.
Trans Select 5, 10, 20SM
• Riders Included in Base Coverage
• Waiver for Layoff/Strike Provision Rider
• Accelerated Death Benefit for Terminal Illness Rider
• Child Term Rider (Employee Optional)
• Employer Optional Riders
• Waiver of Premium for Disability Rider
• AD&D Rider
• Accelerated Death Benefit for Long Term Care Rider
• Extension of Benefits for Long Term Care Rider
• Accelerated Death Benefit for Critical Care Rider
Trans Select 5, 10, 20SM
Issue Ages and Coverage
Employee issue ages:
5 year term
16 through 80
10 year term
16 through 75
20 year term
16 through 65
Spouse issue ages are 16 - 65
Child coverage will be available for
dependents age 15 days through 25 in
the form of a child term rider.
Trans Select 5, 10, 20SM
Trans Select 5, 10, 20SM
• Face Amounts:
o Minimum: $5,000, Maximum: 500,000.
• Payroll Premium Modes:
o Weekly, Bi-weekly, Monthly, Semi-monthly, Ninthly,
Tenthly, Quarterly and Semi-annually.
• Underwriting:
o Guaranteed Issue available based on group size
o Conditional Guaranteed Issue and Simplified Issue
Trans Select 5, 10, 20SM
Guaranteed Issue
Conditional Guaranteed
Issue
Simplified Issue
Eligible
Employees
Minimum
Participation
Standard
Maximum
Issue
Minimum
Participation
Standard
Maximum
Issue
Minimum
Participation
Standard
Maximum
Issue
10 – 49
10 Apps
$25K
5 Apps
$75K
2 Apps
$500K
50 – 99
20%
$50K
10%
$100K
5 Apps
$500K
100 - 499
20%
$75K
10%
$125K
5 Apps
$500K
500 – 999
15%
$100K
10%
$150K
5 Apps
$500K
1,000 -5,000
15%
$125K
10%
$175K
5 Apps
$500K
Trans Select 5, 10, 20SM
Trans Select 5, 10, 20SM
• Face Amounts:
o Minimum: $5,000, Maximum: 500,000.
• Payroll Premium Modes:
o Weekly, Bi-weekly, Monthly, Semi-monthly, Ninthly,
Tenthly, Quarterly and Semi-annually.
• Underwriting:
o Guaranteed Issue available based on group size
o Conditional Guaranteed Issue and Simplified Issue
Trans Select 5, 10, 20SM
Rates:
Rates are age and tobacco-distinct. Product rate
sheets may be accessed on the Transamerica website.
Sample Monthly Rates
Issue Ages
Employee Only
Non-Tobacco
Trans Select $50,000
5 year
10 year
20 year
35
$8.08
$10.42
$13.67
45
$13.58
$20.38
$23.38
55
$36.42
$37.17
$46.08
Trans Select 5, 10, 20SM
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Automatically renews at the end of the term
period with a new current premium.
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Offers the feasibility of a guaranteed level rate for
the first five years with premiums that are
designed to remain the same for the term
periods of 5, 10, or 20 years.
• Full portability at the same rate
• Option to convert to whole life policy
Trans Select 5, 10, 20SM
For more information or to obtain a proposal
Contact a Regional Vice President or
a Client Relationship Manager at
866-TRANSAMERICA
Visit our
Transamerica Employee Benefits website
www.transamericaemployeebenefits.com
Product Proposals and Rates
Dedicated Sales Proposal Team Available
o Producer information
o Name, address, city, state, zip and agent number.
o Group information
o Name, address, city, state, zip and SIC code and eligible lives
o Products
o Plan design and/or Riders of the products
o Effective date
o Takeover provisions
o Provide census or current bill and current plan designs, effective dates, benefit amounts
for underwriting review for takeovers.
Normal turnaround is less than 24 hours with complete information
Trans Select 5, 10, 20SM
This is a brief summary of Trans Select 5, 10 &
20SM Group Term Life coverage. Some of the
features highlighted are subject to certain
limitations and exclusions. Please refer to your
policy and/or sales literature for costs and
further details, including specific limitations and
exclusions. Availability of benefits varies by
jurisdiction. Refer to the contract for complete
information.