About The Transamerica Occidental Life: In their own words
Transamerica Insurance & Investment Group offers an array of innovative financial services and products designed to help individuals, families, and businesses build, protect, and preserve their hard-earned assets.
The companies that offer these products are members of the AEGON Insurance Group, an international organization headquartered in The Hague, The Netherlands.
The AEGON Insurance Group is one of the top 10 life insurance and financial services organizations in the world.
The following figures are for Transamerica Occidental Life Insurance Company (TOLIC) and Transamerica Life Insurance and Annuity Company (TALIAC) as of December 31,2002.
| |
TOLIC |
TALIAC |
| Life Insurance in Force |
$495.5 Billion |
$0.1 Billion |
| Total Assets |
$24.1 Billion |
$23.2 Billion |
| Total Liabilities |
$21.6 Billion |
$22.1 Billion |
| Statutory Surplus |
$2.5 Billion |
$1.1 Billion |
Note: These figures are reported on a statutory basis, as prescribed by the National Association of Insurance Commissioners. The Asset Valuation Reserve is excluded from Total Liabilities and is included in Statutory Surplus.
Transamerica Occidental Life Insurance Company:
| Independent Company Ratings |
| Rating Service |
Rating |
Category |
Rank |
|
|
A |
-- |
-- |
| Standard & Poor´s |
AA- |
-- |
-- |
| Moody´s |
Aa3 |
-- |
-- |
| Fitch |
AA- |
-- |
-- |
| Weiss Research |
B+ |
-- |
-- |
| Comdex |
85% |
-- |
-- |
| All Ratings are current as of 04/01/2007 |
Insurance policy information:
Level premium term insurance: Plan name: Trendsetter® Super Series
Level premium periods and policy form numbers:
| Policy Name |
Level Premium Years |
Guaranteed Years |
Policy Form# |
| Trensetter Super 10 |
10 |
10 |
1-306-11-199 |
| Trensetter Super 15 |
15 |
15 |
1-305-11-199 |
| Trensetter Super 20 |
20 |
20 |
1-304-11-199 |
Premiums increase annually after the initial level premium period.
Riders and Options:
Accelerated Death Benefit: Included with all Trendsetter Super policies. This benefit provides up to 75% of the current death benefit to a maximum of $250,000 per life, with a minimum payment of $10,000. Payment of this benefit occurs at the request of the policyowner, when the insured is diagnosed by a physician , after the date of issue, as having only 12 or fewer months to live. (Availability of this option is subject-to state approval).
Waiver of Premium: In the event of total disability before the insured´s age 60, and after a waiting period of 6 months, the premiums will be waived retroactively from the beginning of the disability. Requires and additional premium.
Conversion: Available until insured is age 70 (age 75 for premier class).
Modal Premium (multiply the annual premium by these factors): Semi-Annual: .520; Quarterly: .265; PAC Monthly: .0875
Trendsetter Super 10 (#1-306 11-99), Super 15 (#1-305 11-99), and Super 20 (#1-304 11-99) are term life insurance policies issued by Transamerica Occidental Life Insurance Company, Los Angeles, CA. Premiums increase annually starting in year 11 for Super 10, in year 16 for Super 15, and in year 21, for Super 20. Policy form and number may vary and coverage may not be available in all jurisdictions. Insurance eligibility and premiums subject-to underwriting.
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