Transamerica Life Insurance Company Review 2016
Pros: Transamerica is one of the largest life insurance companies in America in 2016. They’ve have been in business for more than 80 years, have are A+ (Superior) rating by A.M. Best (second highest of 16 possible ratings) and have competitive rates on term and universal life insurance. Transamerica also has some of the best rates, underwriting and product availability for seniors.
Cons: There aren’t too many cons with Transamerica.
Bottom Line: Transamerica is one of top 10 largest life insurance companies in America. Transamerica is A+ superior rated and has great rates on term and universal life insurance. Transamerica also has some of the best rates for seniors and offer longer terms lengths than most insurance companies. As with all the companies we review, we recommend you receive a quote from Transamerica and from all the other top companies and choose the best one. If that is Transamerica you feel safe knowing they are one of the best in the country.
Type: Private (Parent company of Aegon)
Underwriter: Transamerica Life Insurance Company
Phone: (319) 355-8511
Address: 4333 Edgewood Road NE, Cedar Rapids, IA 52499
A.M Best Rating 2016: A+ (Superior) Second highest of 16 possible ratings
Comdex Ranking: 94 out of 100
BBB Rating: A+
Competitors: New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, Ohio National Life, AIG, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, SBLI, Prudential.
Transamerica Term Life Insurance Rates 2016 vs. The Competition
Sample monthly rates for a $250,000 20 year term life insurance policy for a 40 year old male at the preferred rating class.
United of Omaha: $21.00
Banner Life: $21.35