Transamerica, a Universal Life Sales Leader, Unveils New Product
January 10, 2023 by Warren S. Hersch
Transamerica’s Financial Foundation IUL, a product featuring two of the index options of the company’s new offering but a lower minimum face amount — $25,000 for Foundation versus $250,000 for Choice — was the top-selling indexed life insurance in the third quarter, according to Wink’s Sales & Market Report.
Transamerica ranked second for overall indexed life sales during the quarter, behind National Life Group, Wink noted. Pacific Life, John Hancock and Nationwide also were among the top five carriers in the product segment.