Transamerica Trendsetter Living Benefits: Life Insurance That Works When You Need It Most

If you’re researching life insurance options that offer more than just a death benefit, the Transamerica Trendsetter® Living Benefits term life insurance series deserves a closer look. Designed with flexibility and real-world financial protection in mind, these policies allow qualified policyholders to access a portion of the death benefit while still alive. This feature—known as living benefits—can be a critical lifeline during a health crisis.

What Is Transamerica’s Trendsetter® Series?

Transamerica’s Trendsetter® series includes two term life insurance products:

• Trendsetter® Super
• Trendsetter® LB (Living Benefits)

While both offer traditional term life coverage, Trendsetter LB goes further by including accelerated death benefits for chronic, critical, and terminal illnesses—features that give policyholders financial flexibility during their lifetime.

What Are Living Benefits?

Living benefits are provisions that allow you to access part of your policy’s death benefit early if you’re diagnosed with certain medical conditions. This is especially valuable if you’re facing high medical bills, long-term care needs, or a significant loss of income due to illness.

Trendsetter LB: Built-In Living Benefits

With Trendsetter LB, Transamerica includes three types of living benefits at no additional premium:

1. Terminal Illness

• If diagnosed with a terminal illness and a life expectancy of 12 to 24 months or less (depending on state), you can access up to 100% of your policy’s death benefit.

2. Critical Illness

• Covers major health events such as:
  • Cancer
  • Heart attack
  • Stroke
  • Major organ transplant
  • End-stage renal failure
  • ALS
• The amount you can access depends on the condition, severity, and your policy terms.

3. Chronic Illness

• If you’re unable to perform two or more activities of daily living (like bathing, dressing, or eating) or suffer from severe cognitive impairment, you may be eligible to accelerate your benefit.

How Much Can You Access?

• The percentage of your death benefit available depends on the condition and severity.
• Accelerated payouts are subject to administrative fees and will reduce the death benefit paid to your beneficiaries.
• You may receive the payout as a lump sum or periodic payments, based on your policy and chosen benefit.

Advantages of the Trendsetter LB Policy

• No Extra Cost for Living Benefits: These riders are built into the policy at no added premium.
• Comprehensive Health Coverage: Covers a wide range of conditions, not just terminal illness.
• Flexible Term Options: Choose coverage from 10 to 30 years with death benefits starting at $25,000 up to $2 million or more.
• Convertible: You can convert your term policy to permanent life insurance without a medical exam, subject to policy limits.
• Financial Strength: Transamerica has been providing insurance for over a century and maintains strong financial ratings.

Things to Consider

• Benefit Use Reduces Death Benefit: Any funds you receive under living benefits will be deducted from the total amount your beneficiaries receive.
• Health Qualification: You’ll need to pass underwriting at the time of application.
• Claim Process: Accessing living benefits requires physician certification and approval from Transamerica.

Who Should Consider Trendsetter LB?

• Families seeking affordable life insurance with more than just death protection
• Self-employed individuals without disability insurance
• People with a family history of chronic or critical illnesses
• Anyone who wants a safety net that supports them both in life and after

How to Get Started

1. Speak with a licensed insurance agent who offers Transamerica policies.
2. Compare Trendsetter LB with other term life options to assess its value.
3. Request a quote and personalized illustration to see how living benefits could apply to your situation.

Final Thought

Transamerica’s Trendsetter LB term life insurance offers more than peace of mind for your loved ones—it offers living protection for you. With built-in living benefits for terminal, chronic, and critical illnesses, it delivers flexibility when you need it most. If you want life insurance that can do more than just pay out when you’re gone, Trendsetter LB is a smart option worth serious consideration.