![]() Index universal life insurance offers flexible insurance premiums, which may be allocated among a basic interest account and two index accounts. ![]() Transamerica offers two types of universal life products: The cash value grows tax-deferred until funds are withdrawn. In addition to the death benefit, universal life insurance also contains a cash value. When the insured dies, a death benefit is left to the named beneficiaries. It allows policy owners to modify the amount and frequency of premium payments as long as there is sufficient cash value in the policy to cover monthly deductions. Unlike term and whole life insurance, universal life provides an additional level of flexibility. The cash value earnings grow tax-deferred, meaning no tax will be due until they are withdrawn. It's made up of two parts: a guaranteed death benefit, which is money left to your loved ones, and a cash value component. Universal life insurance is a type of permanent life insurance that provides coverage for life, as long as premiums are paid. Transamerica Universal Life Insurance Products Transamerica also offers a final expense policy that you can read about here. Transamerica offers the following life insurance products: Transamerica offers lots of sales tools for agents in the agent portal in addition to a line of fantastic life insurance options. Transamerica is focused on promoting health and wealth by supporting organizations such as the American Heart Association, Aging Well Hub, and Transamerica Center for Retirement Studies. ![]()
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