Issue Ages
What is the issue age range for the standard Transamerica FE Express Solution?
What is 18 to 85?
What is the modal factor used when calculating annual payments?
What is 1.000?
What is the minimum face amount for both FE Express Solution and Graded FE Express Solution?
What is $5,000?
What is the annual policy fee for both FE Express products?
What is $42 per year?
True or False: Premiums on FE Express products increase as the insured gets older.
What is False (Premiums are guaranteed level).
What is the issue age range for the Transamerica Graded FE Express Solution?
What is 18 to 80?
What is the modal factor used when calculating monthly payments?
What is 0.0860?
What is the maximum face amount available on the standard FE Express Solution for ages 18–75?
What is $100,000?
What are the two allowed premium payment frequencies/modes?
What are Monthly and Annual?
How is the monthly premium modal calculation adjusted compared to the base annual premium?
What is multiplied by the 0.0860 modal factor?
Issue ages for both FE Express products are based on this specific age calculation method.
What is Age Last Birthday?
What are the two risk classes available for the standard Transamerica FE Express Solution?
What are Select Nontobacco and Select Tobacco?
What is the maximum face amount available for any age on the Graded FE Express Solution?
What is $25,000?
Name two acceptable electronic payment methods for paying policy premiums.
What are ACH (Checking/Savings), Credit Card, Debit Card, or Social Security Direct Express Debit MasterCard?
What happens to the policy and riders if required premium payments are missed and the policy lapses?
What is the policy lapses and riders terminate?
At what age does both the standard FE Express and Graded FE Express product reach policy maturity?
What is Age 121?
What is the maximum variable policy loan interest rate that can be charged?
What is 8%?
What death benefit is paid if the insured on a Graded policy dies of non-accidental causes during the first 2 policy years?
What is 110% of premiums received minus any loan balance?
On the standard FE Express plan, at what age do premium payments cease?
What is Age 100?
When executing an Accelerated Death Benefit payment, premiums due through what future timeframe are deducted?
What is the next 12 months (1 year)?
What is the maximum issue age eligible to receive up to $100,000 in coverage under the standard FE Express Solution?
What is Age 75? (Ages 76–85 are capped at $25,000)
What are the two risk classes available for the Graded FE Express Solution?
What are Nontobacco and Tobacco?
Transamerica’s expedited claims process can pay up to this dollar amount in as fast as 72 hours for qualifying expenses.
What is $25,000?
On the Graded FE Express plan, at what age do premium payments cease?
What is Age 121?
Which rider requires the owner to sign a "Consent to Share Information Form" to activate service without added premium?
What is the Concierge Planning Rider / Additional Services Rider?