Transamerica International Equity Class R6 · NASDAQ:TAINX
Transamerica International Equity Class R6 — Transamerica — Investor Presentation (July 2024)
36 slides from Transamerica International Equity Class R6's investor presentation, July 2024
Slide 1: Safeguarding the Future for Foreign Nationals and International Clients
| 07/24 SAFEGUARDING THE FUTURE FOR FOREIGN NATIONALS ie AND INTERNATIONAL CLIENTS
Slide 2: What's New? Big Changes at Transamerica
WHAT’S NEW? * New Competitive Face Amount Minimums - Lower Minimum Face Amounts + IUL: Minimum Face $250,000 BIG CHANGES AT * Term: Minimum Face $1,000,000 + Whole Life: Minimum Face $250,000 TRAN SA M ERI CA + New Premium Threshold: - $5,000 or greater Minimum No Lapse Premium, supersedes Face Mini
Slide 3: Today's Agenda
TODAY'S AGENDA For Agent Use Only. Not for Use With the Public. Read slide Why Are We in This Space? Why Transamerica? Resident Foreign Nationals Program High Net Worth Nonresident Foreign Nationals Program Where Do We Go From Here?
Slide 4: Foreign national market data sources
Read slide * U.S. Department of Homeland Security, Annual Flow Report, Nonimmigrant Admissions, July 2020 ** National Association of REALTORS, Profile of International Transactions in US Residential Real Estate, 2020 4
Slide 5: What's the Why? Lifetime Estate Tax Exemption
WHAT'S THE WHY? LIFETIME ESTATE TAX EXEMPTION Resident Alien (RA) Nonresident Alien (NRA) 2021: $11.7 million (RA exemption amount is $60,000 (equal to credit amount equal to that available for U.S. citizens) of $13,000) Client Need: High net worth foreign nationals may be unaware of the potential t
Slide 6: The only source of knowledge is experience
“The only source of knowledge is experience.” -Albert Einstein For Agent Use Only. Not for Use With the Public. Read slide
Slide 7: Company Highlights: Transamerica Understands
COMPANY HIGHLIGHTS: + Over 100 years in the insurance business, 20 of those in the foreign TRAN SAM ERICA nationals market + Rating Agency Rating” UNDERSTANDS AM. Best: A is 3" highest of 16 categories (as of October 8, 2020) Moody's: A1 is 5" highest of 21 categories (as of June 28, 2021) S&P Globa
Slide 8: International Underwriting Team
INTERNATIONAL UNDERWRITING TEAM | For agent use only. Not for use with the public. Read slide EXPERIENCE MATTERS + First established in 1998 + Current team boasts a combined 225+ years of complex medical underwriting expertise + Spanish and Chinese translation capabilities + Thorough understanding o
Slide 9: New & Updated Foreign National Support
NEW & UPDATED FOREIGN NATIONAL SUPPORT Simplified Marketing Materials + Nonresident HNWFN Guidelines (111955) — New! + Resident and Foreign Travel HNWFN Guidelines (111959) — New! + Agent Guide to U.S. Estate and Gift Taxation for Foreign Nationals (112759) - Updated + Foreign Nationals Consumer Gui
Slide 10: Resident & Nonresident Programs
RESIDENT & NONRESIDENT PROGRAMS For Underwriting Purposes: U.S. Resident Foreign Nationals * Work, academic, and humanitarian visas Work and/or reside in the U.S. for a set amount of time based on visa For Agent Use Only. Not for Use With the Public Non-U.S. Resident Foreign Nationals * B visa or vi
Slide 11: U.S. Resident Foreign National Program
U.S. | FORE TIONAL PROGRAM > *
Slide 12: U.S. Resident Foreign National Overview & Highlights
U.S. RESIDENT FOREIGN NATIONAL OVERVIEW & HIGHLIGHTS For Agent Use Only. Not for Use With the Public Read slide Have to hold a visa that allows them to reside and work (or go to school) in the U.S. Green card holders eligible for LTC Rider Many visa types eligible for the chronic and critical illnes
Slide 13: Eligibility by visa type
ELIGIBILITY DOCUMENTATION DESCRIPTION REQUIRED a CRITICAL CHRONIC JUVENILES ILLNESS ILLNESS indudes parent RIDER Goverment official No No No No AS Asylum Proof AS grarted* ‘Best class No Yes Yes Yes CW Visiter (81/82, BCC) Visa, proof of US. entry | See HNWFN Guide No No No No c Trareit NA Dedine No
Slide 14: Employee Authorization Cards
EMPLOYEE AUTHORIZATION CARDS SAMPLE CARD This card is a sample card from the U.S. Citizenship and Immigration Services website.” * Source: uscis.ga tral i ts For Agent Use Only. Not for Use With the Public. ~~ CATEGORY CO9 “4 Read slide 14
Slide 15: Employee Authorization Cards eligibility
EMPLOYEE AUTHORIZATION CARDS ()(2) (3) (a4) (ay(5) (a(6) (7) (a8) (a)(9) (ay(10) ELIGIBILITY DESCRIPTION CRITICAL CHRONIC JUVENILES WLLNESS ILLNESS RIDER RIDER Lawful = special Up to best class, No Yes Yes Yes Refugee Up to best ctass No Yes Yes Yes Paroled refugee Up to best ctass No Yes Yes Yes As
Slide 16: Resident Foreign Nationals: asylum
RESIDENT FOREIGN NATIONALS For Agent Use Only. Not for Use With the Public Read slide Only those who have been granted asylum may be considered for coverage. Acceptable evidence of asylum granted includes one of the following: A) Areadable copy of the letter granting asylum. The letter may be from U
Slide 17: Resident Foreign Nationals: F Visa College Students
RESIDENT FOREIGN NATIONALS For Agent Use Onily. Not for Use With the Public. Read slide F VISA: COLLEGE STUDENTS Required Documentation: + Copy of F visa + Copy of Form I-20 from the school Financial Underwriting: + Face amounts up to $500,000 + $500,000 - $1,000,000 - Additional consideration may b
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Slide 19: Nonresident Foreign National Overview & Highlights
NONRESIDEN FOREIGN NATIONAL OVERVIEW & HIGHLIGHTS For Agent Use Only. Not for Use With the Public Read slide Program: + Up to best class for A and B countries + Available to qualified residents of dozens of countries * Aclear definition of required U.S. ties Financials: * Minimum global net worth 2
Slide 20: Nonresident Overview: Multi-Applicant Scenario
Multi-Applicant Scenario: The MNLP minimum can be met on multi-applicant “Eligible Group” scenarios (husband/wife; immediate families; business partners, etc.) as long as at least one applicant in the Eligible Group meets their basic Face or MNLP minimum. FOREIGN NATIONAL The “Eligible Group” must:
Slide 21: Multi-Applicant Scenario: Eligible
NONRESIDENT FOREIGN NATIONAL OVERVIEW & HIGHLIGHTS For Agent Use Only. Not for Use With the Public Read slide Multi-Applicant Scenario: ELIGIBLE % Vi = Husband Wife $750,000 FFIUL $500,000 Term $5,000 MLNP — $2,100 Annual Premium The wife’s application will be allowed as part of an “eligible group”
Slide 22: Multi-Applicant Scenario: Not Eligible
NONRESIDENT FOREIGN NATIONAL OVERVIEW & HIGHLIGHTS | For Agent Use Only. Not for Use With the Public Read slide Multi-Applicant Scenario: NOT ELIGIBLE Husband Wife $240,000 FFIUL $240,000 Term $4,500 MLNP $3,900 Annual Premium NOT ELIGIBLE Friend #1 Friend #2 $1,000,000 FFIUL $1,000,000 FFIUL $5,000
Slide 23: High Net Worth Nonresident Foreign Nationals
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS For Agent Use Only. Not for Use With the Public Read slide All parts of the sale must be completed in the U.S. + This includes solicitation of Transamerica products, completion of forms and requirements + Policy delivery receipt signed in the U.S. is requ
Slide 24: Overview: Qualifying High Net Worth Nonresident Foreign Nationals
OVERVIEW: QUALIFYING HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS High income/net worth Global net worth of 2$1MM Domiciled in an eligible ee af country outside the U.S. Qualifying occupation Technical, professional, business owner, or executive in nature Acceptable U.S. ties US Issue ages 18-75 (A&
Slide 25: Program Highlights
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS MAX RATING PROGRAM HIGHLIGHTS: ISSUE AGE PRODUCTS RATE CLASSES RIDERS 18-75 AIBIC Trendsetter® Super Series | A/B Countries: Up to Best Class Waiver of Premium Countries Transamerica Financial C Countries: Standard, with Terminal lliness Rider is included
Slide 26: Occupation
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS OCCUPATION: Occupation should be technical, professional, business owner, or executive in nature. Excluded Occupations: + Politicians or government employees (including family and close business associates) + Judges + Public or private, police personnel _
Slide 27: Financial Underwriting
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS FINANCIAL UNDERWRITING: Min. Face Amount: Varies by Product Min. Premium Amount: $5,000, will supersede Face Minimum Min. Net Worth: $1,000,000 global net worth REQUIREMENT FACE AMOUNT Financial Questionnaire: All amounts | Third-Party Financials: >$3,000
Slide 28: Maximum Face Amounts
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS MAXIMUM FACE AMOUNTS: Maximum (Autobind + Retention) $25,000,000 $15,000,000 $20,000,000 $5,000,000 $7,000,000 Jumbo limit: $35,000,000 Amounts exceeding the above may be considered with facultative reinsurance. Max face for TFLIC sales are limited to int
Slide 29: Medical Underwriting
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS MEDICAL UNDERWRITING: Regular new business and underwriting requirements apply. All Transamerica forms and medical requirements must be completed while the applicant is physically present in the U.S. If a required APS is in a language other than English,
Slide 30: Medical Underwriting: APS Guidelines
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS MEDICAL UNDERWRITING: APS GUIDELINES FACE AMOUNTS Up to and including $1 million $1,000,001 to $3 million Over $3 million NOT ROUTINELY NOT ROUTINELY Yes 0-50 (for cause or for exam within the past 3 {for cause or for exam within the past 3 months not mar
Slide 31: Connection to the U.S.
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS CONNECTION TO THE U.S. Applicants in the U.S. for the sole purpose of purchasing insurance are not eligible. Applicants must have at least one of the following connections to the U.S. to be eligible for coverage: * Travel pattern to the U.S. for business
Slide 32: Eligible Countries
HIGH NET WORTH purge NONRESIDENT FOREIGN NATIONALS = &="=%= ELIGIBILE COUNTRIES: Europe Middle East Americas Asia A Greece A Kuwait A Antigua & Barbuda A Brunei A Italy B Israel—excludes the = B Bahamas : A Malta West Bank B Belize B China ueen) A Germany B Jordan Cc Bolivia A Hong Kong A Belgium B
Slide 33: Roadblocks to Success
HIGH NET WORTH NONRESIDENT FOREIGN NATIONALS ROADBLOCKS TO SUCCESS: EN Required forms: + Notice and Consent + Producer Statement + W-8BEN Ay) Copy of visa and proof of U.S. entry: For Agent Use Only. Not for Use With the Public. Application addresses: Primary foreign residence and a U.S. mailing add
Slide 34: Producer Checklist for High Net Worth Nonresident Foreign Nationals
Read slide PRODUCER CHECKLIST FOR HIGH NET WORTH NONRESIDENT \ FOREIGN NATIONALS * FINANCIAL * MEDICAL * CONNECTION TO THE U.S. * FOREIGN RESIDENCE AND TRAVEL 34
Slide 35: Transamerica Foreign Nationals Program
TRANSAMERICA FOREIGN NATIONALS PROGRAM For Agent Use Only. Not for Use With the Public Read slide Decades of Foreign National Experience Industry Leading Product Availability and Guidelines Constantly Making It Easier to Do Business With Us Ongoing Research to Enhance Programs 35
Slide 36: Read slide
POR. Not for Use With the Public. “igi” @ Ps = Read slide 36