Transamerica launches IUL product with 100% instant decision underwriting

Transamerica today announced the launch of Transamerica Financial Foundation IUL II Express (FFIUL II Express), an indexed universal life insurance product with 100% instant decision underwriting – making Transamerica one of the few carriers delivering immediate coverage decisions on multiple products. With instant underwriting decisions and coverage available in as little as a few minutes, FFIUL II Express is helping redefine how life insurance is delivered.

The launch of FFIUL II Express builds on the success of Transamerica’s FE Express Solution^SM, which features 100% instant-decision underwriting and has more than tripled in sales since its introduction. Now, through a strategic collaboration with Bestow, Transamerica is expanding its instant-decision capabilities to deliver a faster, more accessible experience for agents focused on high-volume sales. With few carriers offering instant-decision capabilities across their IUL portfolio, Transamerica continues to lead as a top five IUL provider in the U.S. The Bestow-integrated offering also enhances internal operations by reducing manual underwriting and streamlining new business processing—demonstrating Transamerica’s commitment to innovation and improving customer experience.

“FFIUL II Express simplifies the buying experience for today’s customers,” said Andrew DeMarco, head of Life Solutions at Transamerica. “It’s designed to make it easier for agents to represent our products and for families to secure the protection they need — quickly, confidently, and on their terms.”

FFIUL II Express offers coverage amounts ranging from $50,000 to $500,000 for individuals ages 18 to 70. The product features a fully digital application process, which begins with an illustration tailored to the client’s budget and coverage goals. Agents can also start the application directly, with responsive health and lifestyle questions, real-time underwriting decisions, and automatic progress saving. Remote signature options via text or email (PIN to Sign) and a streamlined agent dashboard make it easy to manage applications and policy delivery from start to finish, ensuring a seamless and efficient process for both agents and customers.

Clients can choose from a suite of index account options, including the Balanced Uncapped Index Account, Global Index Account, and two S&P 500® Index Accounts. With illustrated rates up to 7.25% and a guaranteed minimum interest rate of 0.75%, FFIUL II Express provides growth potential alongside long-term protection, offering a promising outlook for customers’ financial futures.

FFIUL II Express includes living benefit riders that may be automatically added based on the applicant’s eligibility. Eligibility for these benefits is determined during the application process and is based on factors such as age, health history, and risk class. The Chronic Illness and Critical Illness riders are designed to provide financial support in the event of a qualifying illness or life event. The riders may include Terminal Illness, Chronic Illness, Critical Illness, and Overloan Protection. The Concierge Planning benefit is available for policies with face amounts of $250,000 or more. Eligibility is determined during the application process and is based on factors such as age, health history, and risk class. Riders are only available at the time of issue and may be declined independently from the base policy.