Enhanced Underwriting Guidelines Flyers Combo - Transamerica

Transamerica’s Underwriting EnhancementsClick on a link below to be directed to a specific Flyeror scroll down the document to view all flyers.Enhanced Underwriting Guidelines – Top 10Preferred Considerations for Cancer SurvivorsJumbo LimitsFinancial Underwriting GuidelinesFinancial Underwriting EstimatorImproved Family History – Age of InsuredMCAS TestingGender Specific CancersInitial Underwriting Requirements

Making Life A Little EasierTRANSAMERICAEnhancedUnderwritingRelax, take a deep breath, and count to 10…Transamerica’s Top 10 underwritingenhancements that is. And just think, these are only a few of the wayswe’re working to improve our underwriting offers. If you haven’t looked intoTransamerica’s underwriting in a while, here are 10 great ways we haveyou covered.1. Enhanced financial underwriting guidelines.Enhanced financial underwriting guidelines now calculate based on net worth, income and current in-forcepolicies, irrespective of estate tax liability.2. Improved family history guidelines: gender-specific cancers.Applicants who have a family history of cancer may qualify for Preferred Status on some types of cancer that aregender specific.3. Improved family history guidelines: age of applicant.Family history will now be waived for Preferred Status, if the applicant is age 60 or above (age 65 or above forPreferred Plus).4. Improved Swiss Re manual guidelines.Significant changes are being made to the Swiss Re Underwriting Manual that may improve offers and allowStandard or Preferred ratings, where previously these offers were not available.5. Asthmatics may now be eligible for Preferred Status.Individuals with asthma—even those taking chronic medications—may now qualify for Preferred Status, on acase-by-case basis, provided the applicant is:n Between the ages of 25-65, andn A non-smoker, andRelax.Our Enhanced Underwriting GuidelinesHave You Covered.n Has not been hospitalized for asthma in the last five years

TRANSAMERICAEnhancedUnderwriting6. MCAS testing for ages 71 and older.As announced in February, we have implemented the MCAS (Minnesota Cognitive Acuity Screen) for a simpler,faster and more accurate cognitive screen for applicants ages 71 and older.7. Expanded jumbo limits.If the applicant has signed an absolute assignment form, a 1035 policy being exchanged for Transamericacoverage can now be excluded from jumbo limit calculations. (Subject to receipt and approval of all forms.)8. Enhanced offers for low-substandard risks.Underwriting guidelines have increased leniency for various impairments, provided no other conditions apply.With these more liberal guidelines, as opposed to a Table B or Table C, an applicant may be eligible to receivea Standard Rating.9. Cancer applicants may now be considered for Preferred Status.Preferred Status may be considered for some applicants who have had no recurrence of cancer in the past10 years. Details to follow.10. XRAE (Express Risk Assessment Exchange).XRAE will be available soon to provide agencies with instant, accurate responses to rapid reviews.Contact us today!Underwriting to Make Life a Little EasierTransamerica Financial Life Insurance Company is authorized toconduct business in New York. Transamerica Life Insurance Companyis authorized to conduct business in all other states.For producer only. Not for distribution to the public.OL 2699 1009

Making Life A Little EasierTRANSAMERICAEnhancedUnderwritingRest Easy…Cancer Survivors May Be Eligiblefor Preferred Status.At Transamerica we think anything you can do to make a cancer survivor’s life a little easier isthe right thing to do. Take for example our newly enhanced underwriting guidelines. If yourprospect has been disease-free of certain types of invasive cancers for ten years (and only five yearsdisease-free of certain in situ cancers) then they may be eligible for preferred underwriting status.Some important provisions:n Best class status is not availablen Only certain cancers apply, such as: non-melanoma skin cancers, thyroid, breast, testicular,endometrial and cervical cancer, benign but aggressive tumors, and moren All cancers must have been treated surgically rather than with radiation or chemotherapyn Appropriate surveillance and follow-up is requiredContact us today!Underwriting to Make Life a Little EasierTransamerica Financial Life Insurance Company is authorized toconduct business in New York. Transamerica Life Insurance Companyis authorized to conduct business in all other states.For producer only. Not for distribution to the public.OL 2719 1209

Making Life A Little EasierTransamericaEnhancedUnderwritingStretch Out and Relax.Like Transamerica’s New Definitionof Jumbo Limits.We’ve relaxed our Jumbo Limit qualifications so that most coverage that is 1035-exchanged for a Transamericapolicy will be excluded from our Jumbo Limits calculations.For example:Bob, a former professional athlete, has the following policies in-force:n $10 million with Company Xn $20 million with Company Yn $20 million with Company Z$50 million total in-force coverageAfter sitting with his Transamerica representative, Bob decides to 1035-exchange his $10 million policywith Company X for a $20 million policy with Transamerica Life insurance Company:n $10 million with Company X to be 1035-exchangedn $20 million with Company Yn $20 million with Company Zn $20 million pending with Transamerica$70 million of coverageWith our relaxed definition, Bob’s application will not require facultative review, because now, he will notreach Transamerica’s $65 million Jumbo Limit, since the $10 million being 1035-exchanged will not beincluded for Jumbo Limit review.Relaxing our Jumbo Limit Guidelines is just one of the many enhancements we’ve made to our underwriting to makelife a little easier for you and your prospects.Contact us today!Underwriting to Make Life a Little EasierTransamerica Financial Life Insurance Company is authorized toconduct business in New York. Transamerica Life Insurance Companyis authorized to conduct business in all other states.For producer use only. Not for distribution to the public.OL 2695 1209

TRANSAMERICAEnhancedUnderwritingSally has earned income and wants to leave a legacyto her loved ones.ExampleProspect: Sally, Female, aged 40Current Income: $80,000Current Net Worth: $250,000Traditional guidelines would approve Sally for only alimited amount of life insurance coverage because shehas a modest net worth and currently faces no estatetax liability. With Transamerica’s innovative financialunderwriting guidelines, however, Sally can qualify fornearly $4 million of coverage and leave a legacy toher loved ones.Here’s How It WorksApply the formula used to calculate Joe’s coveragebased on current net worth: Sally’s current networth of $250,000 x 7% growth factor for 15 years x50% = $344,879.And because Sally has earned income, this annualearned income can be factored in to increase thepotential amount that can be considered.To determine the qualifying coverage based on annualearned income, use the following table to determine theappropriate income factor, which is then multiplied bythe insured’s current annual income.AgeIncome FactorTo age 353036 to 452546 to 502051 to 551556 to 651066 to 70571 and over Individual ConsiderationIn addition, Transamerica will generally offer coverageto an insured’s non-working spouse in an amount equalto one half of the insured’s coverage, up to $2,500,000.Transamerica’s innovative financial underwriting is justone of the many enhancements we’ve made to ourunderwriting to make life a little easier.Underwriting to Make Life a Little Easier.Contact us today!Including a 3% Cost of Living Adjustment,Sally can be considered for nearly $4 millionof life insurance coverage.Transamerica Financial Life Insurance Company is authorizedto conduct business in New York. Transamerica Life InsuranceCompany is authorized to conduct business in all other states.For producer use only. Not for distribution to the public.OL 2701 0110

Making Life A Little EasierTRANSAMERICAEnhancedUnderwritingTransamerica’sFinancial Underwriting EstimatorWith our financial underwriting estimator onTransWare, you can help prospects obtaincoverage based on their net worth and/orincome, irrespective of their estate tax liability.1. Click on the “Estimator” button.2. Enter client’s Information.3. Click “Use this Face Amount” and theface amount will be inserted into theillustration.*4. Select “OK” to return to theillustration. If “OK” is selectedprior to accepting the faceamount, the face amountwill not be inserted into theillustration.* Note: “Reset “will reset allthe numbersabove.* Estimates are only valid through Table D or equivalent.Transamerica Financial Life Insurance Company is authorizedto conduct business in New York. Transamerica Life InsuranceCompany is authorized to conduct business in all other states.For producer use only. Not for distribution to the public.OL 2757B 0210

Making Life A Little EasierTRANSAMERICAEnhancedUnderwritingUnwind.Transamerica helps loosen up somefamily ties.Transamerica’s newly enhanced underwriting guidelines allow applicants as young as 60 to qualify for Preferredstatus despite a family history of cardiac disease or cancer. And applicants as young as 65 get the same considerationto qualify for Preferred Plus or Select.Take a look at how these improved guidelines work:Qualify for Preferred StatusQualify for Preferred PlusStatus (for Term) or SelectStatus (for Universal Life)Prior Family HistoryGuidelinesWaived only if applicant isaged 71 or aboveWaived only if applicant isaged 71 or aboveNew Enhanced Family HistoryGuidelinesWaived if applicant is aged 60 or olderWaived if applicant is aged 65 or olderImproved family history guidelines are just some of the many enhancements we’ve made to our underwritingguidelines.Underwriting to Make Life a Little EasierContact Us Today!Transamerica Financial Life Insurance Company is authorized toconduct business in New York. Transamerica Life Insurance Companyis authorized to conduct business in all other states.For producer use only. Not for distribution to the public.OL 2691 0110

Making Life A Little EasierTRANSAMERICAEnhancedUnderwritingTake it Easy.Transamerica’s Cognitive Test IsSimpler and Less IntrusiveFor cognitive testing, Transamerica now uses the Minnesota Cognitive Acuity Screen (MCAS), which has providedmore accurate results and, therefore, has decreased our decline percentage. With more accurate test results, youcan spend less time dealing with cognitive testing and more time on building your business.The Minnesota Cognitive Acuity Screen (MCAS):nIs a simple, non-threatening short telephone interviewnHas been proven to identify cognitive impairment more than 98% of the timenUses trained nurses to conduct interviewsnFeatures a quick turnaround time with direct electronic results transmissionnHas no Get-Up-and-Go or Clock-Draw testsnHas straightforward interpretation of resultsIt doesn’t take a genius to figure out that Transamerica’s cognitive testing (for applicants aged 71 and older) canmake your life a whole lot easier.Underwriting to Make Life a Little EasierContact Us Today!Transamerica Financial Life Insurance Company is authorized toconduct business in New York. Transamerica Life Insurance Companyis authorized to conduct business in all other states.For producer use only. Not for distribution to the public.OL 2692 0210

Making Life A Little EasierTRANSAMERICAEnhancedUnderwritingKick back...A Family History ofCertain Gender-Specific CancerCan Get Preferred Plus PremiumsDo you have a male client with a family history of ovarian cancer or a female client with afamily history of prostate cancer? Relax…at Transamerica, applicants who have afamily history of a cancer that is not applicable to their gender and who may never havequalified for preferred plus status in the past may receive a more favorable rating today.And that’s good news for every man, woman and…you.Sample of gender-specific cancers include:n Ovarian Cancern Cervical Cancern Prostate Cancern Uterine Cancern Testicular Cancern Breast CancerGender-specific family history is just one of the many enhancements we have made toour underwriting guidelines.Underwriting to Make Life a Little EasierContact us today!Transamerica Financial Life Insurance Company is authorizedto conduct business in New York. Transamerica Life InsuranceCompany is authorized to conduct business in all other states.For producer use only. Not for distribution to the public.OL 2697 0310