Providing you with peace of mind and flexibility, Living Benefits from Transamerica provide tax-free* and surrender charge-free access to your fund value upon disability.† This benefit covers disabilities caused by a disease or an injury and those caused by a comprehensive list of 26 critical conditions, including the need for long-term care.
* Under the Income Tax Act (Canada) and at the date of publication of this website, the receipt of Living Benefits is not currently taxable. Transamerica does not guarantee nor is it responsible for the tax treatment applicable to this policy feature. Please consult your legal or tax advisor for an opinion on this matter in relation to your particular circumstances.
† For information on what qualifies as a disability and for the determination of the benefit amount available to you, please refer to the contract provisions. Disabilities caused by pre-existing conditions do not qualify.
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