Transamerica International Equity Class R6 · NASDAQ:TAINX
Transamerica International Equity Class R6 — Transamerica — Investor Presentation (September 2020)
27 slides from Transamerica International Equity Class R6's investor presentation, September 2020
Slide 1: Trendsetter Term Conversions
TRENDSETTER TERM CONVERSIONS For agent use only. Not for public distribution.
Slide 2: Life changes. The term conversion option gives clients flexibility
Life changes. The term conversion option gives clients the flexibility to keep up. For agent use only. Not for public distribution. 2
Slide 3: Valuable for Clients
VALUABLE FOR CLIENTS • Acceptance is guaranteed • No underwriting or exams required • Lock in lower premiums • More time to accumulate cash value * Financial Foundation Indexed Universal Life is available for conversion within the first five years For agent use only. Not for public distribution. 3
Slide 4: Easier for You
EASIER FOR YOU • Full or partial conversions • Fast case placement and no underwriting • Expanded product and features available within first five policy years • Strong commissions For agent use only. Not for public distribution. 4
Slide 5: Fits with Client's Current Life Stage
FITS WITH CLIENT’S CURRENT LIFE STAGE • Have a need for permanent protection • Can now afford a permanent policy • Convert some or all GUARANTEED CONVERSION • No underwriting required • Allowed within conversion period regardless of changes in health • Guaranteed permanent protection with Transameri
Slide 6: Build Savings and Estate Planning
BUILD SAVINGS • Build tax-deferred cash value • Term has no cash value ESTATE PLANNING • Tax-efficient wealth transfer • Maximize their legacy for the next generation For agent use only. Not for public distribution. 6
Slide 7: Conversion options by product: Trendsetter
Policies are subject to the conversion rules outlined in the contract that governs the existing term policy. In addition to those rules, policies within their first five years must meet additional criteria. Products issued by Transamerica Life Insurance Company (TLIC) are eligible to convert across
Slide 8: Conversion options: FlexTerm 7
Fully Underwritten Nonmedical Fully Underwritten Nonmedical Term Policies Term Policies Term Policies Term Policies • Transamerica • Transamerica • Transamerica Lifetime • Transamerica Lifetime Lifetime! 1,2 Lifetime 1,2 • Transamerica Financial • Transamerica Financial Foundation IUL® Foundation IU
Slide 9: For agent use only. Not for public distribution.
For agent use only. Not for public distribution. 9
Slide 10: Client example: Alex, partial conversion
Client: Alex, age 39, married with kids Life stage: Accumulation stage (business owner) Existing term coverage: Purchased $1,000,000 30-year Trendsetter LB at issued age 37, preferred non-smoker Partial conversion*: Convert $250,000 to FFIUL with living benefits and Concierge Planning Rider at Prefe
Slide 11: Monthly deductions lower at younger ages
• Monthly deductions and policy charges on new permanent policy are lower at younger ages • Allows the opportunity to build cash value over time • Converting within the first 5 years provides additional product options and choice o Retain living benefits on Trendsetter LB o Choice of Transamerica Li
Slide 12: Five-year rule eligibility criteria
Policies were issued within the last 5 years (from the date of issue to the date of the conversion application submission) • Were NOT rated worse than a Table D • Maximum face amount of $2 million per life (not per policy) • Was not issued under the Top Program • Minimum face amount for term policie
Slide 13: Face amount greater than $2 million
If face amount is greater than $2 million • Can do a partial conversion during 5-year rule • Partial conversion must meet minimum face amount for original risk class. If amount left on term policy does not qualify for the original term policy’s risk class, that amount will be forfeited. • Partial co
Slide 14: Trendsetter LB handled under nonmed rules
Trendsetter LB handled under the nonmed rules Maximum face amount that can be converted to an FFIUL is $99,999 Why: That amount is the FFIUL maximum nonmedical face amount age limits apply based on Underwriting Guide. TRANSAMERICA FINANCIAL FOUNDATION IUL® TFLIC FINANCIAL FOUNDATION IUL® For agent u
Slide 15: Term remaining face amount
Term remaining face amount: • If is at least $25,000 can remain in the Trendsetter LB, in force illustration can be requested to determine premium on remaining face amount • Client can also opt to cancel remaining term amount • Can covert the remaining Trendsetter LB face amount to the conversion ri
Slide 16: Trendsetter Super
Trendsetter Super • Cannot convert to FFIUL and add the critical and chronic riders • Must do a new application to get the FFIUL with LB riders Internal Replacement rules will apply Must submit the following: • Application for new product • Must include all state required forms for the basic applica
Slide 17: For agent use only. Not for public distribution.
For agent use only. Not for public distribution. 17
Slide 18: Client example: Abby, full conversion
Client: Abby age 55, married empty nester Life stage: Pre-retiree Existing term coverage: Purchased $125,000 20-year term at age 36 at Standard, Non-Smoker rates Conversion: Converted entire $125,000 policy to Transamerica Lifetime whole life at conversion (CNV) Nontobacco rates paying guaranteed li
Slide 19: Converts to Transamerica Lifetime whole life
• Retain living benefits on Trendsetter LB • Converts to Transamerica Lifetime whole life • Issued at conversion risk class For agent use only. Not for public distribution. 19
Slide 20: Multiple term policies into one permanent policy
Multiple term policies may be converted into one permanent policy • New face amount must not be greater than the combined face amounts of the original policies • Insured on all policies must be the same • All existing contracts must be within own contractual conversion periods For agent use only. No
Slide 21: Policy changes that are not conversions
Policy changes that are not conversions: • Change of insured • Increase in face amount • Rate class change • New riders For agent use only. Not for public distribution.
Slide 22: Conversion options by rider
CONVERSION OPTIONS BY RIDER Policies are subject to the conversion rules outlined in the contract that governs the existing term policy. In addition to those rules, policies within their first five years must meet additional criteria. Child Insurance RiderŇ Conversions Within the First Five Policy Y
Slide 23: Risk class comparison
RISK CLASS COMPARISON Current Risk Class Risk Class of Converted Product Risk Class of Converted of Term Policy5 Within the First Five Policy Years Product Anytime Transamerica Lifetime Transamerica FFIUL Transamerica Lifetime Preferred Elite Preferred Elite Preferred Elite CNV Preferred Elite Prefe
Slide 24: Tips to avoid processing delays
To help avoid delays and ensure cases are processed as quickly as possible, please keep this information in mind. For agent use only. Not for public distribution. 24
Slide 25: Compensation
Year 1 Full compensation on increase in commissionable target premium Years 2+ Full compensation on renewals For agent use only. Not for public distribution.
Slide 26: Sales resources
• Conversion flyer • Conversion Prospecting Letter • FFIUL agent guide 118488R1 • FFIUL consumer brochure 131739R1 • FFIUL agent video 252481 • Transamerica Lifetime Agent Guide • Transamerica Lifetime Consumer Brochure • Transamerica Lifetime video 130920 For agent use only. Not for public distribu
Slide 27: Find the flexibility to keep up with life
Find the flexibility to keep up with life. Call: 855-288-4181 Life insurance products are issued by Transamerica Premier Life Insurance Company, Cedar Rapids, IA, Transamerica Life Insurance Company, Cedar Rapids, IA, or Transamerica Financial Life Insurance Company, Harrison, NY. Transamerica Finan
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