An index universal life insurance illustration the white coat investor. My aunt signed me up for a transamerica iul about 3 years ago. Retirementreadyornot analysis builtin to increase your professionalism. For iul applications submitted prior to september 1, 2015 all product features, including the caps and floors, are not changing. Net premiums may be allocated to index account options that offer the potential for higher interest crediting than a traditional universal life policy. The theory behind iul is that you get some of the benefit of investing in stocks with none of the. Aug 22, 2014 an insurance agent who is a believer in the value of index universal life insurance recently set me an illustration for what he considered to be the best index universal life insurance iul policy out there. Lifepro was formed solely to help independent insurance agents, financial planners, and other financial service professionals become successful.
Transact transamericas website for financial professionals. Transamerica life products illustration system transware, free download by transamerica insurance and investment group. Transamerica financial foundation iul is a flexible premium, adjustable index universal life insurance policy. Transamerica number one is outrageous strategic marketing. We take numerous precautionary steps to protect personal data, including routine security evaluations and enhanced security for certain systems. About 3 years ago, my aunt signed me up for a transamerica iul and told me it was life. The industrys most accurate iul illustration software.
Competitive analysis indexed universal life insurance. If selected, the ltc rider will be included in the transamerica financial foundation iul policy illustration. Transamerica lifesales mobile application run a quote. Your life insurance agent will be able to discuss what product would work best in your unique situation. This material was prepared for general distribution. Transamerica has updated the maximum illustrated rates for all iul products based on a new actuarial guideline, ag49. Certain features, terms and charges associated with this policy may vary by state. Why would transamerica choose to spam the hell out of agents who just want to sell their products. Understanding index universal life insurance youtube. Apr 18, 2020 transamerica financial foundation iul. References to transamerica on this site apply to an individual company or collectively to these and other transamerica companies. Jun 25, 2019 universal life insurance ul comes in a lot of different flavors, from fixedrate models to variable ones, where you select various equity accounts to invest in.
It is being provided for informational purposes only and should not be viewed as an investment recommendation. Transamerica insurance company highest agent commissions. Choose the right iul policy using the best index universal life insurance calculator as per your requirement. Iul contracts protect against losses while offering some equity risk premium. Transamerica offers individual term, index universal, variable universal and whole life insurance. Nationwide yourlife indexed ul accumulator is designed for affluent or emerging affluent individuals ages 3055 seeking permanent coverage with the opportunity for higher return on cash value to supplement retirement income. How to read a life insurance illustration duration. Iul illustration softwareselling tooltakes a complex iul illustration and transforms it into a meaningful, easytounderstand proposal. Iras and 401ks do not offer the same downside protection, though there is. Turbocharged iul analysis included for your lump sum funding scenarios. Jul 22, 2016 transamerica manages their risk very well so they do not have to raise their rates.
The devil is in the details, and when you really examine them, it becomes clear that these are products designed to be sold, not bought. Iul calculator can estimate your monthly premium as well as the projected cash value. Unfortunately, as with most things in life, there are no free lunches. Transamerica update ag49 transpacific financial inc. An insurance agent who is a believer in the value of index universal life insurance recently set me an illustration for what he considered to be the best index universal life insurance iul policy out there. Highest agent compensation guaranteed lead program mailers and live transfer. Posted on april 2, 2015 april 6, 2015 by keith schuler. Terms of use 0456431 0604 2020 transamerica corporation, all rights reserved. Well after getting 4 different inforce illustrations that were all incorrect. After the file is done downloading, please follow the instruction on the screen. As youre closing out your 2019 business, and making.
Iul illustration software strategic marketing partner. New rules of retirement saving book wholesale pricing on the book thats revolutionized how iul is marketed. Normally all you will need to do is click the next button. Index universal life and you this is just one example of how index universal life insurance can work for you. With an increased specified amount for the long term care rider, as well as the addition of living benefits for critical and chronic illness, the transamerica ffiul just got even better. Indexed universal life insurance iul is an insurance product that seems to. Download transamerica life products illustration system. A premier distributor of life, annuity, longterm care, and securitiesbased insurance products serving financial professionals nationwide. You can play an important role in helping reduce the risk of a cyberattack by remaining vigilant. Any index interest is based in part on the values of outside indexes and will be. Click here if you want to learn more about our software and how you can get access to use it for free click here if you want to learn about roccys favorite iul lets face itthere are a lot of different programs in the marketplace you can use to illustrate the value of iul indexed universal life insurance. The iul also addresses their desire to accumulate cash value in the policy. Iul illustrations default to the maximum illustrated rate.
Universal life insurance ul comes in a lot of different flavors, from fixedrate models to variable ones, where you select various equity accounts to invest in. The transamerica financial foundation iul ffiul is a flexible premium index universal life insurance policy that offers both domestic and global index account options, a guaranteed minimum interest rate, a rider to help with qualified longterm care expenses, and optional living benefits for chronic, critical, and terminal illness. An iul will never produce over 9% unless you over fund like crazy to water down the effect of the cost of insurance. This is not an actual indexed universal life illustration. User i have tried several times to download the transamerica life products illustrator, but all it does is download a bunch of unwanted programs to my computer. Winflex insurance illustration software overview 34 minutes duration. Guess what the nonguaranteed rate is for him at age 85. Indexed universal life insurance is wellknown for its ability to generate a retirement income stream, but how can you tell a good product from a bad one most attempts to compare company products fail to find a solid basis for comparison or are foiled by marketing gimmicks.
Transamerica lifeproducts illustration systemtransware. However, the illustration software allows you the flexibility to lower the rate to the new. This site may not yet be approved by the departments of insurance in all states at the time of publication. While the company as a whole seems to focus on other services, its insurance branch is financially stable and has had few complaints filed against it. Transamerica financial foundation iul index universal life insurance could be the solution youve been looking for. Your relationship with transamerica requires that you comply with certain laws, regulations and practices around. Reservation service up to 100 people boost your sales with this allinclusive program that includes everything you need to successfully market and sell to any of the age groups listed above. In this case, transamerica is a legitimate company, but and even though there is a lot of shady marketing involved, its not completely illegal. Indexed universal life insurance iul is an insurance product that seems to promise you can have your cake and eat it, too. Last chance retirement being your own banker the only book using iul find both at this is a member fee subscriber site. The option to select the ltc rider will appear on the riders section of the mobility illustration system software. Although its headquarters are no longer in san francisco, transamerica still uses the image of.
Purposebuilt by advisors for advisors for your iul sales success. Seniors especially benefit from their underwriting policiesbut they definitely do not have the most aggressive underwriting in the business. A truly flexible option, transamericas ffiul provides the death benefit associated with traditional life. There have been recent changes to privacy and cybersecurity laws that will affect how you do business with transamerica.
Nationwide yourlife iul accumulator can be a good fit for clients with a variety of income and planning. Transamerica transnavigator iul marketing materials. Feb 01, 2020 user i have tried several times to download the transamerica life products illustrator, but all it does is download a bunch of unwanted programs to my computer. Transware illustration the transware illustration software will allow you to illustrate a hypothetical ltc benefit scenario when you specify the hipaa per diem estimated growth rate and specify the insureds age at which the. Normally all you will need to do is click the button.
Transamerica manages their risk very well so they do not have to raise their rates. This powerful, easytoread book proves why iul is the best strategy in todays market. Agents have chosen the transamerica tlic financial foundation iul. Iuls have been under a lot of attack, agents from transamerica, wfg.
Transamerica is committed to safeguarding the privacy and personal information of all our customers. Jun 23, 2018 team prosperity term lb and global iul lb quoting and illustrating product related. To learn more about ag49 and how it impacts iul illustrations, please click the ag49 faq above. Lets face itthere are a lot of different programs in the marketplace you can use to illustrate the value of iul indexed universal life insurance. Transamerica life products illustration system download. Sep 27, 2016 an iul will never produce over 9% unless you over fund like crazy to water down the effect of the cost of insurance.
This product guide is intended to provide an overview of the transnavigator index universal life insurance product. Mar 22, 2010 transamerica life products illustration system transware, free download by transamerica insurance and investment group. The ltc rider coverage can give clients the ability to help. Simple, integrated iul tools to increase your iul production. The transnavigator iul is an index universal life policy issued by transamerica life insurance company transamerica. Transamerica companies are part of the aegon group. Index universal life transamerica financial foundation iul is a flexible premium, adjustable index universal life insurance policy. Have you had experience with transamerica or any of the firms mentioned in this. Iul calculator calculate your premium and projected cash value. Here are a few notes and assumptions made in the report.
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