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. Aegon’s almost 22,200 employees support more than 30 million customers worldwide.

Is Transamerica still around?

Since 1906, Transamerica has been built on the idea that financial security should be available to everyone. Today, we’re still committed to providing the right tools, services, and strategies our customers need to achieve it.

Is Transamerica Life Insurance still in business?

Transamerica was founded in san francisco in 1904 as a bank. Today, Transamerica’s services include retirement services, mutual funds, and annuities in addition to a variety of life insurance policies. Services are available to companies and individuals.

Who took over Transamerica?

AEGON N.V. acquires Transamerica for $10.8 billion.

What is Transamerica called now?

In 1958, following government antitrust action, Transamerica was reorganized to separate its banking and nonbanking activities, and a new corporation, Firstamerica Corporation (now Western Bancorporation ), was formed to take over the banks it controlled.

What did Transamerica turn into?

Transamerica Occidental merged into Transamerica Life Insurance Company on October 1, 2008.

How do I contact Transamerica Life Insurance?

  1. For Life & Annuity Customer Service. Weekdays 8:30 a.m. – 7 p.m. ET 1-800-851-9777.
  2. For Life & Annuity Web Support. Weekdays 9 a.m. – 7 p.m. ET
  3. For Agent Licensing & Appointment Assistance.

Can Transamerica be trusted?

Yes, Transamerica is a legitimate life insurance company The company has earned an A rating from AM Best for financial strength. Customers can get term, whole, and universal life insurance.

Was Transamerica bought out?

Aegon N.V., a big Dutch company that has been on a shopping spree in the fiercely competitive life insurance business, said today that it was buying the Transamerica Corporation of San Francisco for $9.7 billion in cash and stock.

How do I get a copy of my Transamerica Life Insurance policy?

A. Log In to your account. Select the Policy/Certificate you wish to receive a copy of from the My Insurance Policies/Certificates page.

Is Transamerica financially stable?

Financial Strength With “A” or better scores from A.M. Best, Fitch, Moody’s, and Standard & Poor’s, Transamerica is among the top life insurance companies in the United States.

How long does it take to get life insurance payout from Transamerica?

Each product has a different underwriting process but, for those who don’t require a medical exam, you can typically get coverage within 14 days of submitting an application. Fully underwritten products typically require two to eight weeks before coverage can begin.

Is Transamerica FDIC insured?

Transamerica emergency savings offerings are FDIC-insured up to the standard maximum deposit insurance amount of $250,000 “Employers realize that individual employees’ financial stress can impact productivity, retention and overall health significantly,” said Kent Callahan, CEO of Workplace Solutions at Transamerica.

Did Transamerica change their name?

The requisite approvals by the appropriate regulatory authorities were obtained. Effective March 1, 2001, the Company’s name was changed to Transamerica Life Insurance Company.

Is AIG and Transamerica The same company?

AIG and Transamerica are two of America’s largest life insurance companies , with well over 1,000,000 policyholders nationwide. Both companies have good consumer grades and offer competitive term life insurance rates.

Can I cash out my Transamerica life insurance?

The policy owner may access the cash value through loans or withdrawals Both loans and withdrawals will reduce the cash value and death benefit. Loans are subject to interest charges. Under certain circumstances, there may be tax consequences in taking a loan or withdrawal.

Can I Cancelling my Transamerica life insurance?

To cancel your TransAmerica Term Life Insurance: Call customer service on 800-797-2643 Provide the agent with your policy details. Ask them to cancel life insurance policy.