WEALTH TRANSFER PLAN
FOR ELIGIBLE1 FOREIGN NATIONALS
your assets by transferring CD / Money Market / Savings Account to a Transamerica universal life insurance policy
and benefit from the following advantages:2
1. Convert an asset producing taxable to
income to an asset with tax-deferred growth which may be accessible in a
tax-favored manner; also death benefit proceeds are generally received federal income
2. Guaranteed interest rate of 4%, tax
3. “U.S. life insurance
provides death benefit and cash value in U.S. dollar denomination.
Diversify your portfolio with wealth transfer using US life insurance.”
4. The policy is fully guaranteed by
claims-paying ability of Transamerica Life Insurance Company, an AEGON company,
with the following Financial Strength Ratings:
Best A+ Superior Second highest of 16 ratings (A++
& Poor’s AA- Very Strong Fourth highest of 21 ratings
(AAA – D)
A1 Good Fifth highest of 21 ratings (AAA – R)
Fitch AA- Very Strong Fourth highest of 19 ratings
(Aaa3 – C)
Ratings reflect the
current opinion of the relative financial strength and operating performance of
Copies of rating
reports are available at www.aegonins.com.
Ratings are current as of December 2010.
The contract will be a
universal life insurance policy. It will require a medical examination, at no
cost to you, subject to review, evaluation and approval by Transamerica Life
Insurance Company. Not all applicants will qualify.
more information or if you have any specific concerns or questions, please
Radi Miranda at (714) 552-3993 or by
email at firstname.lastname@example.org.
1 Based on Transamerica
Life Insurance Company’s Underwriting Guidelines.
2 If the policy is considered a Modified Endowment Contract (MEC),
distributions are treated first as taxable distributions of earnings in the
policy. Withdrawals, loans, and assignments are considered distributions.
Taxable distributions from a MEC prior to age 591/2 may
also be subject to a 10% federal income tax penalty.
TransACE® is a
non-participating flexible-premium universal life insurance policy (Policy Form
#1-12611107 (CVAT), Group Certificate #2-72336107 (CVAT) for certificates
issued under a group policy issued to the Rhode Island National Consumer Protection
Trust) and TransACE Survivor® is a
nonparticipating, flexible-premium universal life insurance policy issued. Policy
Form No. 1-1211108 (CVAT), Group Certificate No. 2-72136108 (CVAT) for certificates
issued under a group policy issued to the Rhode Island National Consumer
Protection Trust. Polices are issued by Transamerica
Life Insurance Company, Cedar Rapids, IA
52499. Policy forms and numbers may differ, and these policies
may not be available in all jurisdictions. In most states, in the event of
suicide during the first two policy years, death benefits are limited only to
the return of premiums paid.
Transamerica Life Insurance Company and its
representatives do not give tax or legal advice. This material is for informational purposes
only and should not be construed as tax or legal advice. Clients and other interested parties should
be urged to consult with and rely solely upon their own independent advisors
regarding their particular situation and the concepts presented here.
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