Term insurance from Transamerica Life Canada. Every life has a story. CLIENT GUIDE

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1 Term insurance from Transamerica Life Canada Every life has a story. CLIENT GUIDE

2 Do I need term life insurance? Owning adequate life insurance will help protect your family. In the event of your death, life insurance replaces ongoing income to maintain your family s current lifestyle and help pay off debts. Q If your family was suddenly without your income, would they Need help paying the bills? Be able to make mortgage payments? Struggle to make minimum payment on family debts? Take on further debt to pay final expenses? Be able to fund post-secondary education for your children or grandchildren? Need to sell any valuable assets to pay taxes? A term insurance policy from Transamerica Life Canada will provide for the financial needs of your loved ones, take care of immediate needs and allow them to plan effectively for the future.

3 Why term insurance from Transamerica Life Canada? Offered in 10-, 20- or 30-year terms, our term products provide affordable insurance for today, along with a variety of conversion and rider options for the future. Attractive to clients looking for financial stability, it can provide family protection today and has the flexibility to adapt to future needs such as estate planning or wealth accumulation. If your needs change, Transamerica has an excellent selection of permanent products that are available for conversion with no additional underwriting. Which plan is right for you? It is important to work with your advisor to determine how much insurance you will need and how long you will need it. Term insurance from Transamerica offers you choices to meet your needs now with flexibility for the future. Term 10 If you have a very short-term need for insurance such as a short-term mortgage, little or no debt, no young children, are not concerned about the cost of renewals and have no plan to change any of these things, Term 10 might be the option for you. Term 20 If you are certain that a 20-year term will cover your current income and debt replacement needs, you can consider Term 20. Term 30 with SelectOptions TM An innovative and unique term offering from Transamerica, Term 30 with SelectOptions offers you an opportunity to purchase a cost-effective insurance solution that minimizes your insurance outlay over 30 years and offers automatic renewal coverage for life with flexibility to adapt to your changing needs. Additional riders available on Term 10, 20 and 30 Our term insurance plans also offer a wide range of riders that you may purchase along with your policy. Talk to your advisor about the suitability of each of these options for your personal insurance plan: 3 Children s Insurance 3 Accidental Death 3 Waiver of Premium 3 Payor Waiver of Premium 3 Critical Illness Protection

4 Should you consider Term 30 with SelectOptions? Are you one of the Canadians who are extending their mortgages for terms of more than 20 years to lower payments or finance renovations? Do you have debt in the form of personal lines of credit and home equity loans? Term 30 with SelectOptions may be right for you. Canadian family debt is growing. Median Family Debt from 1999 to 2005 Credit card $2,400 Student loans $9,000 Line of credit $9,000 Vehicle loans $11,000 Mortgage $93,000 $572$ $399 $16 $26 $17 $20 $29 $68 $33 $ Billions in 2005 constant dollars Source: Statistics Canada. Combined with the rising costs of post-secondary education, obligations of child and spousal support and mortgages on principal or vacation homes, 10 to 20 years of coverage is often not enough. This is where Term 30 with SelectOptions from Transamerica Life Canada can help.

5 Term 30 is affordable, valuable and adaptable. Affordable If you need 30 years of coverage, you will benefit from paying much lower rates over 30 years than if you purchase Term 10 or Term 20 and have to renew or convert. Term 30 offers you a level outlay for 30 years. Annual Premium * Male non-smoker, age 30, $500,000 sum insured $3,670 Term 10 Term 20 Term 30 $2,635 $400 $1,180 $660 $ Policy Year * Rates are at October 20, 2014 Valuable Your policy automatically renews at the end of year 30 with level renewal premiums to age 100, and coverage for life. Adaptable Thirty years is a long time. Your needs could change, and you need an insurance product that can change with you. Term 30 comes with built-in SelectOptions that offer unique flexibility in a term policy.

6 SelectOptions SelectOptions are available between the 16 th and 20 th policy years. The Select30 TM Option provides you with the opportunity to stop paying premiums and reduce the amount of insurance coverage for the remainder of your 30-year Term, at which point the policy terminates. The SelectLife TM Option offers you paid-up lifetime final expense coverage with the ability to stop paying premiums, reduce the amount of your insurance coverage and extend it for life. The SelectValue TM Option allows you to surrender or decrease your coverage and access cash value in your policy in one of two ways: a) Convert to one of our universal life policies and your SelectValue will be used as a bonus credit, tax deferred. b) Surrender or decrease your coverage and take your value in cash as a taxable disposition.

7 SelectOptions provide you with the flexibility to adapt your policy if your needs change. Below are some examples of when you might consider exercising one of the SelectOptions. Select30 Could adapt to your changing needs if You pay off or decrease your mortgage faster than you planned. You sell your cottage or summer home. You reduce debts faster than planned. Your spousal or child support obligations end or decrease. You can no longer afford to pay your monthly premium. You only require 10 to 15 more years of coverage. SelectLife Offers you coverage for life if You pay off your mortgage and/or debt faster than planned. Your spousal or child support obligations end. You can no longer afford to pay your monthly premium. You only require coverage for final expenses. SelectValue Offers you access to your cash value if Your insurance needs evolve to a wealth accumulation need. Your insurance needs change to an estate planning need. You no longer need the income protection and would like to access your cash value for another purchase. Your spousal or child support obligations end and you would like to access the cash value. Select Options Can be used in combination* To suit your individual needs and circumstances. Purchasing life insurance is an important decision. Choosing the right life insurance is essential for protecting your family. Talk to your advisor about term insurance from Transamerica Life Canada. Ensure that you have access to flexible, innovative insurance solutions to provide you with insurance for life. * Subject to our then current administrative rules.

8 Transamerica Life Canada is a leader in the Canadian marketplace, providing a broad range of individual life insurance and protection products and services, all designed to help Canadians protect against financial risk and transform their tomorrows. Distribution is through a number of channels, resulting in a national network of thousands of independent advisors. For over 100 years, Transamerica Life Canada has been delivering on its promises and intends to continue that strength and stability to be able to keep making the things that make tomorrow better. Transamerica Life Canada is an Aegon company. As an international insurance, pensions and asset management company based in The Hague, Aegon has businesses in over twenty markets in the Americas, Europe and Asia. Aegon companies employ over 23,000 people and have millions of customers across the globe. Giving back to the community in different ways is a part of who we are at Transamerica Life Canada. Each year, we allocate funds to our in the spirit of hope charitable giving program which donates to numerous non-profit organizations that serve health, community and well-being causes across the country Yonge Street Toronto, Ontario M2N 7J8 Aegon and the Aegon logo are registered trademarks of Aegon N.V. Aegon Canada ULC and its affiliated companies are licensed to use such marks. Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks. LP /14