Transamerica Life | Insurance Plans with 10/8 Policy Loan Options
Transamerica is pleased to tell you that after careful consideration we have an alternative for clients who have a policy loan option that is considered to be a “10/8” policy loan.
On November 5th we will be sending impacted advisors a package containing information about our new policy loan option and how it will affect clients who have a 10/8 policy loan option within their contract so they can be prepared when discussing their client’s options with them. Below please find a copy of the letter that will be sent to advisors.
The package will also contain a copy of the letter which will be sent to their clients on November 8th along with a list indicating which of their clients will receive a letter from us. The letter to clients will tell them why we are adding a new policy loan option to their contract and the options available to them given the availability of this new loan option.
If you have any questions, please e-mail us at: 10-8inquiries@transamerica.ca.