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How Does Transamerica Life Insurance Work? Transamerica Life Insurance is a policy that offers many of the same features and benefits as traditional life policies. However, this type of policy will also pay out cash values even to beneficiaries who do not have an additional investment in the policy. To get the full benefit of the policy, it is important to purchase the cash value version of the policy. This means that the premiums will be much lower than for th

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