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.
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.
