Contract
Both FE Express and Graded FE Express products are classified under this fundamental life insurance contract type.
What is Nonparticipating Whole Life?
Policies can be issued and delivered electronically in as fast as this amount of time.
What is 10 minutes?
What is the additional monthly premium cost charged for the Concierge Planning Rider?
What is $0 (No additional cost)?
What is the maximum death benefit available on the FE Express Solution for applicants aged 18 to 75?
What is $100,000?
Can the Concierge Planning Rider be added to a policy post-issue if the client changes their mind?
What is No (It cannot be added post-issue)?
At what age does the insurance contract mature for both FE Express products?
What is Age 121?
What percentage of application underwriting decisions are intended to be instant?
What is 100%?
Which standard Accelerated Death Benefit Rider variation is NOT available in California or Florida?
What is the Accelerated Death Benefit Rider with Nursing Home Benefit?
What is the maximum face amount available on the Graded FE Express Solution across all eligible ages?
What is $25,000?
If a policy lapses and is subsequently reinstated, what happens to the Concierge Planning Rider?
What is the rider may be reinstated?
Under contract terms, who must be the designated owner of the policy?
What is the Insured (Insured same as owner)?
What signature options are available to clients during the application process?
What are Text and Email signatures?
What specific Accelerated Death Benefit Rider is available exclusively in California?
What is the Terminal Illness Accelerated Death Benefit Rider?
What non-financial benefit is included at no extra cost to assist families with funeral home pricing and estate documents?
What are Funeral Concierge / Legacy Planning Services (Concierge Planning Rider)?
What happens to optional riders if the policy owner decides to surrender the policy?
What is all riders terminate?
Are conversions to other policy types allowed under this insurance contract?
What is No (Conversions are not allowed)?
In addition to in-person sales, the digital underwriting process allows agents to sell policies in this format.
What is virtually?
In Florida, which specific rider is offered in place of the Nursing Home combination rider?
What is the Accelerated Death Benefit Rider?
What is the death benefit payout during the first two policy years on a Graded policy for non-accidental death?
What is 110% of premiums received minus any loan balance?
How does changing from an Annual premium payment mode to a Monthly payment mode affect the rate calculation?
What is the annual rate is multiplied by the 0.0860 monthly modal factor?
What four U.S. territories/jurisdictions are excluded from state availability for these contracts?
What are Guam (GU), New York (NY), Puerto Rico (PR), and the Virgin Islands (VI)?
Under Transamerica's expedited claims process, qualifying claims can pay up to $25,000 within this timeframe upon receiving paperwork in good order.
What is 72 hours?
Are Accelerated Death Benefit Riders available on the Transamerica Graded FE Express Solution?
What is No?
What percentage of the face amount can be accelerated under the Terminal Illness Rider in California?
What is Up to 100%?
What occurs to the Concierge Planning Rider if the policy owner revokes their consent to share personal information?
What is the rider terminates?