Transamerica Worksite ULs Add A Guaranteed Death Benefit Option.

National Underwriter Life & Health-Financial Services Edition, April, 1999

Transamerica Assurance Company, the Los Angeles worksite marketing arm of Transamerica Life Companies, says its newest worksite universal life policies include a guaranteed death benefit option. The option is available when level premiums have been paid for 15 years or until age 65, whichever is longer.

Called TAC-Saver Plus and Preferred TAC-Saver Plus, the ULs also offer all of the options of earlier versions of the policies. These include accelerated benefits for critical medical care, long-term care, and terminal illness as well as living benefit for job layoff, waiver of premium and monthly income, and accidental death and dismemberment coverage.

Explains TAC President and CEO Dan Jund: "As the UL market has evolved, we began to offer additional...

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