TransTerm Product Guide - Mibsga.com

Product Guide®UnderwritingTransTerm is available for issue based on eight risk classifications: Preferred Plus, Preferred Nonsmoker, PreferredSmoker, Standard Plus, Standard Nonsmoker, Standard Smoker and, for rated cases, Nonsmoker and Smoker.The following table summarizes the classes and where substandard extras may be applied.Underwriting Class Table Ratings or Medical Flat Aviation FlatExtras AllowedExtras AllowedPreferred Plus No NoPreferred Nonsmoker No YesPreferred Smoker No YesStandard Plus No YesStandard Nonsmoker No YesStandard Smoker No YesNonsmoker Yes YesSmoker Yes YesWaiver Provision may be rated Table B or D. Should the Waiver Provision be rated and the base policy is notrated, then the rated Waiver Provision may be added to all risk classes.Additional FeaturesThe following are highlights only. Coverage is subject to all contract provisions. Please consult the contractfor details.Rate Band Break for Multiple Policies (Stacked Coverage)We will give a rate band break (lower rate) in the following situations.1. Same individual applying for two or more TransTerm policies.2. The policies are underwritten simultaneously (same evidence of insurability).3. The total face amount of the combined policies is high enough to place them in a higher band (better rate)than if they were a single policy.TransTerm 10, 15, 20, 25 and 30 are eligible for band breaks.The TransWare software has an option to quote the band break for multiple policies. The option is available usingthe “Stacked Coverage” button.t r a n s a m e r i c a | 9