Income Protection Option (IPO) Policy
Income Protection
Transamerica’s Income Protection Option (IPO) is an option that lets the owner structure the death benefit by controlling the payment amounts,
who receives them, and for how long. No matter who your beneficiaries are, the IPO helps them continue living as though you’re still taking care
of them (on your terms).
Why IPO?
Many people who receive a large sum of money spend most — if not all — of their funds within a few years. That’s one of the reasons we created the IPO. It’s designed to help provide for your family with preplanned payments that can help make their lives more manageable after you’ve passed.
A CREATIVE SOLUTION
Because the IPO is paid out over time and accumulates interest, you can select a lower face amount and still receive the same total benefit. With IPO, you’ll pay less today for the same amount of benefit later.
Protection on Your Terms:
- Guaranteed* payments to your loved ones after you’ve passed
- Flexible structures for the death benefit payout
- Designated payments for those you love
- Long-term, reliable monthly payments in place of a one-time lump sum
- Lower premiums for the same total death benefit