What type of insurance is Transamerica?

Founded in 1904, Transamerica offers term, index universal life, final expense, and whole life insurance across all 50 states and the District of Columbia. Transamerica is headquartered in Cedar Rapids, Iowa.

What happened to Transamerica Life Insurance?

In 1999, Transamerica was acquired by the Aegon Group, one of the world's leading providers of life insurance, pensions, and asset management.

Is Transamerica reliable?

Out of 23 companies, Transamerica scores 747 out of a possible 1,000 points in the 2021 Individual Life Insurance Study from J.D. Power, which is below the study's average. Transamerica also has an above-average number of customer complaints, according to the National Association of Insurance Commissioners (NAIC).

What is the purpose of Transamerica?

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients' accounts.

Is Transamerica a real company?

Transamerica, which was founded in 1904, offers a nice selection of life insurance policies along with several other financial products.

How do I get out of Transamerica?

  1. Call customer service on 800-797-2643.
  2. Provide the agent with your policy details.
  3. Ask them to cancel life insurance policy.
  4. Wait for confirmation.

Is Transamerica federally insured?

Transamerica emergency savings offerings are FDIC-insured up to the standard maximum deposit insurance amount of $250,000.

What type of insurance is Transamerica?

Transamerica offers several products within the categories of term, whole, and indexed universal life insurance. A variety of riders also are available so you can customize your policy to get the coverage you need. However, Transamerica offers fewer products overall than other life insurance agencies.

What are the products of Transamerica?

That's why we're focused on financial solutions that fit the needs of our customers in every stage of their life, including life insurance, annuities, mutual funds, employee benefits, and retirement plans. We're proud of the trust we've earned helping people protect their financial future.

Is Transamerica a good company?

The company has a solid A (Excellent) rating from AM Best, which indicates that it has historically had enough liquid cash flow to pay death benefits.

What companies are owned by Transamerica?

Transamerica's business lines include life, long term care and supplemental health insurance, Transamerica Agency Network, Transamerica Financial Advisors, Inc., World Financial Group, Transamerica's joint venture in Brazil, MAG Seguros (Mongeral Aegon), annuities, mutual funds, exchange-traded funds, employee benefits …

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