| FINAL EXPENSE AND TRENDSETTER LB: CHANGES EFFECTIVE OCT. 2 |
| FINAL EXPENSE: HIGHER CASH VALUES |
| Transamerica’s Final Expense Solutions Portfolio now has higher guaranteed cash values at the same cost-effective rates. |
| In response to the regulatory changes, we’re increasing cash values on our Immediate Solution, 10-Pay Solution, and Easy Solution effective October 2, 2021. |
| FINAL EXPENSE TRANSITION DETAILS |
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All final expense applications submitted on or after October 2, 2021, will include cash value updates. |
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| In-Flight Final Expense Applications: |
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Application received on or before October 1, 2021 |
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Cases will issue with previous cash values |
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Need to be placed in force on or before December 31, 2021 |
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| TRENDSETTER® LB: NEW MINIMUM ISSUE AGE FOR BAND 1 |
| Effective October 2, 2021, the minimum issue age for Trendsetter LB band 1 ($25,000–$99,999) will increase from age 18 to age 23. This means proposed insureds must be 23 years or older for a Trendsetter LB policy with a face amount less than $100,000. |
| TRENDSETTER LB TRANSITION DETAILS |
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All applications submitted on or after October 2, 2021, require minimum issue age 23 for Trendsetter LB band 1 ($25,000–$99,999). |
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| In-Flight Trendsetter LB Band 1 Applications for Issue Ages 18 to 22: |
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Applications received at Transamerica on or before October 1 |
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Cases will issue with previous minimum issue age 18 |
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Cases must be placed in force on or before December 31, 2021 |
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