At the onset of the pandemic, Transamerica put a temporary hold on accepting applications for clients over age 75 for any life insurance product. While COVID-19 is far from over, we are removing this guideline only for our Final Expense Solutions Portfolio, our simplified issue whole life insurance offering. This affects all three products, including Immediate Solution, 10-Pay Solution, and Easy Solution, and it takes effect Monday, November 23, 2020.

Keep in mind, underwriting for individuals 70 or above who've been diagnosed with COVID-19 should be postponed for six months from date of recovery. Individuals who have had COVID-19 in the last six months may not qualify for coverage.

We will not be accepting previously declined final expense cases since prior information from those applications will be used in the underwriting process. If submitted, anything that was declined within the last two years will likely auto-decline again based on existing rules for this business.

DRUGS IMPACTING ELIGIBILITY

We understand writing policies for people over age 75 leads to a lot of questions.

Our mobile-enabled Rx lookup tool can help put answers at your fingertips and set proper expectations with clients.

Simply input a client's prescription(s) and see how it may influence underwriting risk class and product eligibility.

RX ICON

TRY LOOKUP TOOL

With hopes of a vaccine on the horizon, we will continue to evaluate the rest of our offerings and will post underwriting updates promptly as we find out more. We appreciate your trust and continued support.

Immediate Solution, 10-Pay Solution, and Easy Solution are whole life insurance policies issued by Transamerica Financial Life Insurance Company, Harrison, NY 10528 in New York, or by Transamerica Life Insurance Company, Cedar Rapids, IA 52499 in all other jurisdictions. Transamerica Financial Life Insurance Company is authorized to conduct business in New York. Transamerica Life Insurance Company is authorized to conduct business in all other states. Policy form and number may vary, and this product and riders may not be available in all jurisdictions.

Insurance eligibility and premiums are subject to underwriting. Riders and benefits have specific limitations, may incur additional costs, and may not be available in all jurisdictions. For complete details, including charges, terms, and conditions of each rider and exact coverage provided, please contact the sales desk.

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