Most people purchase life insurance to help provide their family financial security at the time of their death.

But what if you experienced a chronic, critical or terminal illness? Would your insurance policy allow you to access your death benefit to help cover the associated costs?

What is a Critical, Chronic or Terminal Illness? 

Critical Illness 
Critically Ill means that the Insured has been diagnosed with one or more of the following health conditions: heart attack, stroke, cancer, end stage renal failure, major organ transplant, amyotrophic lateral sclerosis, blindness or paralysis.

Chronic Illness 
Chronically Ill means that the Insured is unable to perform, without substantial assistance from another person for a period of at least 90 days, at least two out of the six Activities of Daily Living or requires substantial supervision by another person, for a period of at least 90 consecutive days, to protect the Insured from threats to health and safety due to Severe Cognitive Impairment.

Terminal Illness 
Terminally Ill means that the Insured has a medical condition, resulting from bodily injury or disease, or both, which is expected to result in the death of the Insured within 12 months of diagnosis. The condition must be first diagnosed by a Physician on or after the later of the Date of Issue the Policy Date; and must be demonstrated by clinical, radiological, laboratory or other evidence of the medical condition which is satisfactory to us; and must not be curable by any means available to the medical profession.


Experiencing a terminal, critical, or chronic illness may lead to increased expenses and decreased income. Once your expenses reach a number higher than your income, you begin creating debt.

Trendsetter LB term life insurance with Living Benefits can provide benefits  when they are needed the most – helping to fill financial gaps, especially non-medical expenses, such as mortgage, car, food, etc.

life-insurance-for-living-benefits-2-638Trendsetter® LB: A term life insurance policy with living benefits.

Trendsetter® LB is term life insurance from Transamerica Life Insurance Company that provides early access to policy benefits that can be used to help offset medical expenses from a qualifying chronic, critical or terminal illness. People have turned to Transamerica Life to help ensure the future financial security of their families for over a century.*

Contact Fred Wood today and ask about the Trendsetter® LB Term with Living Benefits. 

Transamerica Life Insurance Company is descended from a company founded in 1906.

Benefits provided through the Living Benefits, including the critical, chronic and terminal illness accelerated death benefits, are subject to certain limitations and exclusions. Amounts payable under the benefits vary based in part on the nature and severity of the Insured’s health condition and the Insured’s remaining life expectancy at the time of the acceleration as determined by the company. Refer to the policy or riders for complete details.

** The policyholder may accelerate a portion (not to exceed 24% per year or the lifetime 90% maximum) of the face amount up to a maximum of $500,000.

Any maximum amount that may be accelerated will also be subject to an aggregate maximum of $500,000 under all policies issued by Transamerica and its affiliates covering the same insured, including any death benefit accelerated under a terminal illness, critical illness, chronic illness or other living benefit option.

These events are hypothetical situations. Amounts payable under the benefits vary based in part on the nature and severity of  the Insured’s health condition and the Insured’s remaining life expectancy at the time of the acceleration as determined by the company. The illustrated results are not indicative of any particular situation and your results will likely differ from the results shown above.

Trendsetter® LB Series is a term life insurance policy issued by Transamerica Life Insurance Company, Cedar Rapids, IA 52499. Policy Form No. TL19. Premiums increase annually beginning in year 11 for the 10-year policy, in year 16 for the 15-year policy, in year 21 for the 20-year policy, in year 26 for the 25-year policy, and in year 31 for the 30-year policy.  

Policy form and number may vary, and this policy may not be available in all jurisdictions. Insurance eligibility and premiums are subject to underwriting. 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.