Transamerica introduces simplified final expense insurance

Insurance
18/09/2024 News

Transamerica has launched the FE Express Solution, a new final expense insurance product that offers a fast, easy, and affordable digital experience for consumers. With guaranteed level premiums and permanent lifetime protection of up to $50,000 for qualified applicants, the new platform allows individuals to complete the process from quote to policy delivery in just 10 minutes.

Digital Reinvention
16/09/2024 Article

Financial Innovation Spotlight: September 2024 edition

Andrew DeMarco, head of life solutions at Transamerica, explained that the product is designed to make essential coverage accessible. "Everyday Americans deserve protection that is quick, easy, and budget-friendly," DeMarco said, emphasizing the simplicity of FE Express.

The product also includes an optional Funeral Concierge Rider provided by Everest Funeral Concierge, at no additional cost. This service helps families with funeral planning and provides legacy planning tools like wills and healthcare directives. The 24/7 support ensures families can access assistance before, during, and after a loved one’s passing.

FE Express, powered by Bestow’s life insurance technology, simplifies the application process for both consumers and agents. The online platform features text and email signatures, electronic policy delivery, and 24/7 policy management. An interactive dashboard also helps agents track applications and manage their clients’ policies more efficiently.

By offering ease of application and unique benefits, Transamerica’s FE Express Solution aims to connect with underserved markets, providing essential protection and peace of mind to families in need.

Related news & insights

Insurance
06/02/2025 News

Aon, Floodbase, and Swiss Re launch parametric solution to strengthen U.S. hurricane insurance coverage

This innovative product is designed to fill the protection gaps often left by traditional insurance policies, which may include high...

Insurance
06/02/2025 News

Lippo General Insurance launches MyGo+ to promote safer driving in Indonesia

Using real-time driving data, the app analyzes driving behavior and provides a reward system to motivate responsible driving. This initiative...

Mobility
03/02/2025 News

Roadzen integrates DeepSeek R1 into MixtapeAI, advancing AI for insurance and mobility

This move enhances MixtapeAI’s capabilities with advanced reasoning and ensures strict data sovereignty, reinforcing Roadzen’s commitment to secure, intelligent automation.

Mobility
03/02/2025 News

Tesla introduces exclusive insurance discounts for self-driving users

This marks the first time Tesla has offered such a discount, highlighting the company’s confidence in the safety of its...

Insurance
29/01/2025 News

Generali Partners with MIT to drive AI innovation in insurance

This partnership aims to explore practical applications of artificial intelligence (AI) in the insurance sector, strengthening Generali’s competitive edge.

Insurance
27/01/2025 Interview

Empower and listen: The keys to the claims proposition

Julijana Sumner, AXA XL’s Chief Claims Officer for APAC & Europe, was recently named one of Business Insurance’s EMEA Women...

Insurance
23/01/2025 Article

Insurance Innovation of the Month: Vehicle interruption cover for Uber drivers

The winner of January’s Qorus Insurance Innovation of the Month award is Allianz Partners’ and Indeez’ Vehicle Interruption Cover, a...

Insurance
16/01/2025 Article

Turning challenges into triumphs: The real story of insurance innovation

There are countless ways to innovate, but it all starts with a great idea – a new approach to solving...