People also ask
Can I get my money back from Transamerica life insurance?
He or she receives the full protection of a term life insurance policy, or, if the insured outlives the 30-year level premium period, he or she will receive a refund of cumulative eligible premiums* paid at the end of that 30-year period \u2014 income tax-free!
How do I update my beneficiary?
Generally, you can review and update your beneficiary designations by contacting the company or organization that provides your insurance or retirement plan. You can sometimes do this online. Otherwise, you'll have to complete, sign, and mail a paper form.
How do I make someone my beneficiary?
Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.
Can I cancel my life insurance policy and get my money back?
Do you get your money back if you cancel your life insurance? The answer to this is usually no. Protection insurance is a simple product that protects you financially against death and illness while you pay premiums. If you don't pay your insurance premiums, you aren't protected.
Can I Cancelling my Transamerica Life Insurance?
How do I cancel my Transamerica Life Insurance Policy? If you need to cancel your Transamerica Life Insurance Policy, you can do so by contacting customer service at 800-797-2643.
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