Final Expense Reprice – Brokerage Agent Commission Changes

FINAL EXPENSE SOLUTIONS PORTFOLIO PRODUCTS COMMISSION CHANGES
At Transamerica, we’re committed to offering you and your customers competitively priced products to meet their life insurance needs and help them achieve a lifetime of financial security. As such, we’ve made changes to our first year and renewal commissions on Final Expense Solutions Portfolio products. These updates will help maintain our competitive position in the whole life insurance network and our commitment to being a top five carrier in the space.
These commission changes vary by the Final Expense Solutions Portfolio of Immediate Solutions, 10-Pay Solutions, and Easy Solutions products, so contact your General Agency or marketing organization to see the new rates.
Along with these commission changes, we’re implementing new lower premium rates, a new simplified Interstate Commerce Commissions (ICC) paper application, and a new Payment Authorization form. The paper application will now be 8 pages instead of 18, and the new Payment Authorization form now allows credit cards for initial and reoccurring premium payments.
TRANSITION DETAILS

• Applications submitted on or before Friday, March 26, 2021, will receive the current commission rates.
• Applications received Monday, March 29, 2021, or after will be paid using the revised commission rates.