Transamerica Life Insurance Overview
By the Policy Help Desk Editorial Team · 3 min read
Updated September 30, 2026
Transamerica is a life insurance carrier. Its published life insurance lines include term life, indexed universal life and final expense coverage.
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(866) 673-3495Key Takeaways
- •The company publishes term life, index universal life and final expense coverage; the final expense portfolio is written as whole life insurance with coverage that lasts as long as premiums are paid.
- •The final expense portfolio separates products that pay the full benefit from day one (Immediate Solution and 10-Pay Solution) from one with a graded benefit (Easy Solution): in the graded product's first two years the benefit is 110% of premiums paid for a death from other causes, and the full face amount if the death is accidental.
- •Indexed universal life is permanent coverage whose cash value is credited partly by reference to a market index, within a floor and a cap set by the insurer.
- •The issuing company makes the underwriting decision and sets the premium; nothing on this page is a quote.
Life-Insurance Options to Compare
Term life insurance
Coverage for a set number of years, paying a death benefit only if death occurs during the term. It builds no cash value.
Indexed universal life insurance (IUL)
Permanent coverage with flexible premiums and cash value credited by reference to a market index, subject to a cap and a floor.
Final expense life insurance
Whole life insurance for funeral costs and other final expenses. The Immediate Solution and 10-Pay Solution pay the full benefit from day one; the Easy Solution has a graded benefit in the first two years.
These are the product lines the insurance carrier publishes. This is an overview, not an offer or a policy illustration — actual terms, availability and eligibility come from the issuing company and the policy itself.
What to Consider
Indexed universal life (IUL)
Cash value does not track the index directly: a cap limits how much is credited in strong years and a floor protects against negative index years. Illustrated values are not guaranteed, and policy charges can reduce cash value.
Indexed universal life (IUL)
Loans and withdrawals reduce the cash value and the death benefit if they are not repaid, and can cause the policy to lapse if it is underfunded.
Final expense life insurance
In the graded-benefit product, the first two years pay 110% of premiums paid for a death from causes other than an accident, and the full face amount if death is accidental; after two years the full benefit applies as the policy provides, subject to the exclusions and limitations stated in the policy. The products that pay in full from day one have no graded period. Every policy is subject to a two-year contestability period.
Term life insurance
Coverage lasts for the selected term; renewal or conversion options depend on the policy.
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(866) 673-3495Frequently Asked Questions
Do final expense policies require a medical exam?
Transamerica's final expense portfolio is issued with no exam or labs, using automated underwriting, and a same-day decision is possible. Whether an application is accepted depends on the product, your age and your state.
Is there a waiting period on final expense coverage?
It depends on the product. The Immediate Solution and 10-Pay Solution pay the full death benefit from day one. The Easy Solution has a graded death benefit for the first two years: 110% of premiums paid for a death from other causes, and the full face amount for an accidental death. After two years the full benefit applies as the policy provides, subject to the exclusions and limitations stated in the policy.
Is indexed universal life the same as investing in an index?
No. It is permanent life insurance. Cash value can earn index-linked credits within a cap and a floor, but you are not directly invested in the market and illustrated values are not guaranteed.
Who decides if I am approved?
The issuing life insurance company. It reviews the application and makes the underwriting decision; neither a call nor a request through this site is an approval.
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(866) 673-3495Who You Are Calling
Policy Help Desk is operated by Greystone Insurance Group LLC, a licensed Florida insurance agency (License #L132255). Calls may be handled by Greystone Insurance Group LLC or by a licensed independent insurance agent who can discuss available coverage options.
The number on this page is Policy Help Desk's own contact number. Policy Help Desk is not Transamerica's customer-service department. Availability of that company's products through the agent handling your inquiry depends on that agent's appointments, the product and your state.
Being included in this overview is not an endorsement of the company or its products by Policy Help Desk. Facts come from the sources listed above and were last verified September 30, 2026; they can change. Nothing here is an offer of insurance, a quote, or a statement that any applicant will qualify for coverage.