Transamerica: Updated Underwriting Guidelines



Effective January 1, 2021: Transamerica is excited to announce they have resumed accepting applications with Long Term Care (LTC) and Living Benefit Riders (LBRs) for insureds age 56-75, subject to normal underwriting requirements. 

PLEASE NOTE: ALL IN-FLIGHT cases, or those not yet issued, will be eligible to add LB/LTC rider up to the time of issue with underwriter approval. 

Keep in mind, underwriting for individuals over age 65 who've been diagnosed with COVID-19 will be postponed for a minimum of 6 months from date of recovery. Postpone periods for all ages may vary and will be determined by age, severity of the individual case, any history of ratable comorbidities and any residuals. 


The COVID-19 pandemic has impacted the industry in many ways, including limiting access to paramedical exams. Transamerica is now offering additional options to satisfy medical requirements on new cases which includes increased non-medical guidelines for clients through age 55.*

Starting on 4/8/2020, these new guidelines will be in effect until further notice for Trendsetter Super, Trendsetter LB, Transamerica Financial Foundation IUL, and Transamerica Lifetime current medical guidelines for clients thru 75 years old  

  • Traditional paramed exams and labs will still be accepted at the current medical guidelines for clients under 75 years old — the following chart outlines options in lieu of the traditional paramed requirements
  • Due to the circumstances around COVID-19, Transamerica will not be accepting applications on clients over the age of 75 for all life insurance products and unable to offer LTC Riders or Chronic or Critical Living Benefit riders on individuals ages 56-75
  • Requests to reduce face amounts to nonmed levels to waive medical requirements will be honored; contact your Underwriter to request this

Please refer to the chart linked below to view the updated age/amount requirements. 

* Normal age and amount requirements will continue to be required. No additional considerations will be given for insureds over age 55 (age 56+).