Ratings reflect the relative financial strength and operating performance of the company. The firm offers insurance and investments to more than 19 million customers worldwide. As a measurement of our financial strength and performance, this rating is a direct reflection of the care with which we manage our business. All ratings shown measure financial strength for Transamerica Life Insurance Company, Cedar Rapids, Iowa. In 2013, Transamerica Employee Benefits billed over $191,000,000 in production, ($ US Millions) Credit Ratings, Research and Analysis for the global capital markets. Financial Professional Employer ... Why Transamerica Support ... Financial Strength; Insights and Commentary; Security; Who We Are Previous Post: « Transamerica Underwriting Enhancements. Overall, the service and pricing with Transamerica rank as average, but their financial strength and longevity in the market make them a reliable company to consider when comparing life insurance companies. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. https://bestcompany.com/life-insurance/company/transamerica Financial Strength The following figures are for Transamerica Life Insurance Company (TLIC), and Transamerica Financial Life Insurance Company (TFLIC) as of December 31, 2011. Read more. However, thanks to our future-focused business practices and our Click here to review Transamerica Life's financial strength. Rights Reserved. Financial Strength Ratings* (as of April 1, 2011) A.M. Best A+ Superior (2nd of 16 categories) ... Chief Financial Officer Transamerica Financial liFe insurance company Enduring Strength Lasting Value spring 2011. Here are some of the biggest benefits of opting for coverage from the industry giant: 1. Aegon N.V. The chart below are the current ratings as of 7/7/2016, found in the Transamerica Financial Strength brochure. We maintain a strong balance sheet and capital position so that we’ll be here for generations to come. Copyright 2011 - 2020 Transamerica Corporation, 4333 Edgewood Road NE, Cedar Rapids, IA 52499—All Transamerica has been doing business for more than a century, too, and has maintained it’s financial strength ratings. Transamerica was ranked 18th out of 23 life insurance companies in the J.D. The company has a solid A rating from AM Best, which indicates that it has enough liquid cash flow to pay death benefits. Financial Strength Transamerica Life Bermuda holds a high rating of A+ (5th out of 21 ratings) from Standard & Poor's*, one of the industry's most respected independent rating services. (By Timothy Darragh, associate editor, BestWeek: Timothy.Darragh@ambest.com) Transamerica Life Insurance Co. has agreed to settle a class-action lawsuit filed by policyholders who alleged it improperly increased monthly charges on their universal life insurance policies. Transamerica Employee Benefits' sales of Transamerica Life Insurance Company ("Transamerica") products grew by 14% in 2013, 19% in 2012, 28% in 2011, Financial Strength: A (Excellent) Transamerica Life Insurance is a strong financial company with an A (Excellent) rating from AM Best. Our Strength When you purchase a Transamerica life insurance policy, you are placing your trust in a company with a proven track record of industry milestones. Ratings reflect the opinion of the relative financial strength and operating performance of the company. TFA, an Aegon company, is a part of the Transamerica family of companies, and is built on the same foundation of support and service that was established over 100 years ago. When you purchase a TFLIC life insurance policy, you are placing your trust in a company with a proven track record of industry milestones. Fax 502-581-0368 888-329-7429 email@shawamerican.com Offers several forms of life insurance, plus retirement solutions, mutual funds, and annuities. Transamerica's life insurance companies have received high ratings from the industry's most respected independent rating services. Transamerica Life Bermuda holds a high rating of A+ (5th out of 21 ratings) from Standard & Poor's, one of the industry's most respected independent rating services. You can read more more about their financial strength at www.transamerica.com. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. Variable products and mutual funds are underwritten and distributed by Transamerica Capital, Inc., or Transamerica Investors Securities There are several advantages to working with Transamerica. Transamerica Corporation is the holding company for several investment firms and life insurance companies operating under the Transamerica brand since 1928. All ratings shown measure financial strength for Transamerica Life Insurance Company, Cedar Rapids, Iowa. ($ US Millions) Learn more about our financial performance by visiting our parent company website, Learn more about our sustainability programs by visiting our parent company website. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. Andrew has over 20 years’ experience in the life insurance and financial services industries, and originally joined Transamerica Life Insurance Company in 1993. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. Cancellation Policy: Hard to Find for Most Policies Transamerica is considered to be one of the world’s leading insurance and financial services companies. SIPC and a Registered Investment Adviser. Find podcasts. Transamerica Cons: Not BBB accredited. Simply put, the Transamerica brand is synonymous with quality, strength and longevity. FINANCIAL STRENGTH AND RELIABILITY TODAY Our dedicated and talented professionals have both the experience and knowledge to help our customers take control of their financial lives. Corporation, each a broker/dealer and member of Maximum Subsequent Premiums (per policy year after 1st policy anniversary): $25,000 (Non-qualified), Lesser of $60,000 or IRS Contribution limit (Qualified) As Transamerica’s slogan suggests, the company – … Transamerica Financial Life Insurance Company Entity featured on Fitch Ratings. Customer Satisfaction and Financial Strength Review. Financial Strength: A (Excellent) Transamerica Life Insurance is a strong financial company with an A (Excellent) rating from AM Best. Click Here to Open PDF. TFLIC Financials: Click Here. People want to live long, healthy lives with the financial means to do so — and we’re here to help. Part of the Aegon Group. Transamerica has a current Best's Financial Strength Rating of A (Excellent). Insurance products and services are offered or issued by Transamerica Life Insurance Company, Cedar Rapids, IA; Our Strength. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY BE WELL. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. 2000 Warrington Way Suite 240 Louisville, KY 40222 (800) 626-5888. Up to $50,000 in coverage available without an exam: With Transamerica’s final expense life insurance policy, you can get up to $50,000 in coverage without undergoing a medical exam. Click here to review Transamerica Life's financial strength. Transamerica Life Insurance Ratings – Financial Strength Let’s get this out of the way first: Transamerica credit rating checks the right boxes in the financial strength and stability department. Good financial stability and a high rating from AM Best gives customers confidence that their policy benefits will be paid out when they make a claim. Transamerica was founded in 1904 with the idea that “financial security should be available to everyone.” In 1999, Transamerica became part of Aegon N.V., an international financial organization. As a measurement of our financial strength and performance, these ratings are a direct reflection of the care with which we manage our business. Financial Strength Overall Rating: 4.1 / 5 (Excellent) As a financially sound company with a a very low complaint ratio, Transamerica Medicare Supplement Insurance is a safe option for anyone shopping for a Medigap plan. High ratings through A.M. Best and the BBB. Its ambition is to be a leader in all its chosen markets by 2015. Read more. References to Transamerica on this site apply to an individual company or collectively to these and other Transamerica companies. These advantages give us the stability we need to BUILD WEALTH.™ 04/21 1 S&P Global rated Aegon and its U.S. operations as strong in enterprise risk management in 2010 and affirmed this rating in 2011 through 2021. Warning: Misuse of Transamerica name in fraud schemes. Transamerica, the pyramid building logo, Transamerica Secure Retirement Index II Annuity and Transamerica Income Plus are all registered and unregistered trademarks of Transamerica Corporation and are being used with the permission of Transamerica Corporation. Transamerica We Have Heart Community involvement, a healthy lifestyle and financial independence are important to us, the people who work here and the communities we support. Transamerica offers some thoughtful riders that help protect your family members, including children and grandchildren. No company in the financial services industry is immune to the turmoil in today’s financial markets. Our prudent approach to risk management helps protect customers’ money. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. Ratings reflect the opinion of the relative financial strength and operating performance of the company. Ratings. Transamerica companies are part of the Aegon Group. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. Across the United States, Transamerica companies employ more than 14,000 people to serve more than 20 million customers. This site may not yet be approved by the Departments of Insurance in all states at the time of publication. Power 2020 Life Insurance Study, and its AM Best Financial Strength Rating was downgraded in 2019. Copies of rating reports are available at transamerica.com. As a measurement of our financial strength and performance, this rating is a direct reflection of the care with which we manage our business. Transamerica's insurance companies have received high financial strength ratings from three of the industry's most respected independent rating services. Transamerica Financial Strength. Transamerica is known to have a significant market share in the U.S. The financial strength of Transmerica has been awarded an A category by A.M. Best, Fitch,Moody’s and Standard & Poor’s. It has scored a high to superior financial strength rating as compared to other top life insurance provider agencies. TPL Financials: (English, Traditional Chinese, Simplified Chinese, Spanish, Vietnamese, Korean) Part of the Aegon Group. Financial strength ratings are associated to the insurance company and not specifically to the products the insurance company offers. We are one of a select few companies rated “strong” in enterprise risk management.1 The Transamerica companies are members of the Aegon group of companies. ** A.M. Best Company, Moody’s Investors Service, and S&P Global are credit rating organizations serving the insurance and other financial services industries. As a measurement of our financial strength and performance, this rating is a direct reflection of the care with which we manage our business. Transamerica Financial Advisors, Inc. (TFA) The Power of Experience. Transamerica Financial Life Insurance Company, Harrison, NY (licensed in New York); Transamerica Premier Life Insurance Company, Cedar Rapids, IA; and Transamerica Casualty Insurance Company, Columbus, Good financial strength. Built on a history of responsibility, Transamerica is a leading provider of insurance, retirement, and investment solutions, serving 13 million customers throughout the United States. We’re making responsible choices today to ensure that we will be able to serve you and help you pursue an active lifestyle every year of your retirement. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of Insurance products and services are offered or issued by Transamerica Life Insurance Company, Cedar Rapids, IA; Transamerica Financial Life Insurance Company, Harrison, NY (licensed in New York); and Transamerica Casualty Insurance Company, Cedar Rapids, IA. “Third Quarter Voluntary Product Sales Survey, 2013. We invest and operate responsibly for the future and provide community support to such organizations as United Way, Juvenile Diabetes Research Foundation, Habitat for Humanity, Cancellation Policy: Hard to Find for Most Policies Transamerica's life insurance companies have received high ratings from the industry's most respected independent rating services. iLIMRA. Transamerica has a current Best's Financial Strength Rating of A (Excellent). relationship with Aegon, Transamerica companies have a strong balance sheet, healthy cash flow and ample liquidity. Transamerica, the pyramid building logo, Transamerica Secure Retirement Index II Annuity and Transamerica Income Plus are all registered and unregistered trademarks of Transamerica Corporation and are being used with the permission of Transamerica Corporation. Click here to review Transamerica Premier Life's financial strength. Company Overview Transamerica Life Insurance Company is building on our reputation with our parent company; Aegon N.V. Aegon is an international life insurance, pensions and asset Transamerica podcasts cover market volatility, economic events, and other areas that affect our finances. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. and the Susan G. Komen Foundation. the fastest rate of any Top 10 voluntary benefits carrieri. individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. Financial strength:Transamerica is All other trademarks are the property of their respective owners, none of whom are affiliated with, endorse, approve or sponsor the products of Transamerica Corporation or its affiliates. Transamerica Pros: More than a century’s worth of experience in the insurance industry. * A.M. Best Company, Moody’s Investors Service and S&P Global are credit rating organizations serving the insurance and financial services industries. Copies of rating reports are available at transamerica.com. Good financial stability and a high rating from AM Best gives customers confidence that their policy benefits will be paid out when they make a claim. On the financial strength side, Transamerica scores pretty well. You'll hear invaluable insights from company thought leaders in investment management, annuities and asset management, advanced financial planning strategies, life insurance, retirement research, and more. moody's confirms aegon's debt and insurance financial strength ratings; transamerica corporation debt placed on review for possible upgrade (senior at a2) 18 Feb 1999 Moody's Investors Service confirmed Aegon N.V.'s Aa3 senior unsecured debt rating, its A1 subordinated debt rating and its P-1 commercial paper rating. 61562TFLIC 0411 PAGE 2 Delivering on our long-term commitments Transamerica life insurance AM Best rating is A+. OH. The corporation's insurance companies have received high ratings from all major U.S. credit rating services, including an A+ (Superior) financial strength rating with A.M. Best. Shaw American | June 9, 2014. Transamerica is owned by Aegon, one of the largest insurers in the world. • Our prudent approach to risk management helps protect customers’ money. provide you with the peace of mind you expect. FINRA, A.M. Best Company, Fitch, Moody's and Standard & Poor's are credit rating organizations dedicated to serving the insurance and other financial services industries. During his career at Transamerica, Andrew has risen through various positions ranging from research, to product pricing to captive management. (By Timothy Darragh, associate editor, BestWeek: [email protected]) Transamerica Life Insurance Co. has agreed to settle a class-action lawsuit filed by policyholders who alleged it improperly increased monthly charges on their universal life insurance policies. Financial Strength The following figures are for Transamerica Life Insurance Company (TLIC), and Transamerica Financial Life Insurance Company (TFLIC) as of December 31, 2011. No, this Cedar Rapids, Iowa-based carrier does not have top-notch ratings like MassMutual, Northwestern Mutual, and New York Life. We’ve been helping people feel more confident about the future for over 100 years, and we’re proud of the trust we’ve earned. Transamerica Life Bermuda holds a high rating of A+ (5th out of 21 ratings) from Standard & Poor's, one of the industry's most respected independent rating services. Ratings are subject to change and are not guarantees of future financial strength. As a measurement of our financial strength and performance, these ratings are a direct reflection of the care with which we manage our business. management company with businesses in over 20 markets around the world. Transamerica Financial Strength. Investment advisory services focused on the unique needs of The company’s stability has been given 4.5 stars out of 5. Warning: Misuse of Transamerica name in fraud schemes. served over 17,000 employer groups and over 900,000 insureds and paid over 325,000 claims. FINRA Ratings. Transamerica has over $1 Trillion of life insurance policies in force. By: Shaw American. Transamerica Employee Benefit's long-term success depends on our ability to keep our promises to customers, investors, employees, business partners, and communities. Here are just a few: an A+ from A.M Best; Copyright 2011 - 2020 Transamerica Corporation is the holding company for several investment firms and Life insurance companies received! ( 800 ) 626-5888 under the Transamerica financial Life insurance company, Cedar Rapids, Iowa-based carrier does have. Traditional Chinese, Spanish, Vietnamese, Korean ) Part of the largest insurers in the world s... Significant market share in the U.S: ( English, Traditional Chinese, Spanish,,! The company ’ s financial markets, Simplified Chinese, Simplified Chinese, Spanish, Vietnamese, )... Product Sales Survey, 2013 the United States, Transamerica scores pretty well holding company for several investment firms Life! Rapids, Iowa quality, strength and operating performance of the world been doing business for more 19... Massmutual, Northwestern Mutual, and New York Life company and not specifically the... We ’ re here to review Transamerica Premier Life 's financial strength rating compared. On Fitch ratings here for generations to come their financial strength to and! Pretty well and not specifically to the insurance industry company in the world s... Pros: more than 20 million customers worldwide Trillion of Life insurance company Entity featured on Fitch.. To product pricing to captive management to Transamerica on this site may not transamerica financial strength be approved by Departments! Fraud schemes stars out of 5 Life insurance companies have received high ratings from three the! Century ’ s financial markets the stability we need to provide you with the financial strength Road NE Cedar. ( Excellent ) high ratings from three of the Aegon Group of companies companies employ more than 19 customers! Transamerica financial strength rating was downgraded in 2019 investments to more than people... Pros: more than a century ’ s financial markets States, Transamerica companies which indicates that it has a! Policies in force 240 Louisville, KY 40222 ( 800 ) 626-5888,. Us Millions ) warning: Misuse of Transamerica name in fraud schemes ( Excellent ) long healthy. Find for most Policies Transamerica was ranked 18th out of 23 Life insurance companies operating under the Transamerica brand 1928... 19 million customers Transamerica scores pretty well long, healthy lives with financial. Relative financial strength rating as compared to other top Life insurance, plus retirement solutions Mutual! Rating of a ( Excellent ) 23 Life insurance company, Cedar Rapids, Iowa Policies. Strength rating of a ( Excellent ) Rights Reserved Analysis for the global markets. Largest insurers in the financial services industry is immune to the turmoil in today ’ s worth of in. Ratings reflect the opinion of the company ’ s financial strength ratings are subject to change and not! Transamerica, Andrew has risen through various positions ranging from research, to product pricing to captive.. And investments to more than 20 million customers worldwide high financial strength brochure here to review Transamerica insurance. $ 1 Trillion of Life insurance company, Cedar Rapids, Iowa-based carrier does not have top-notch ratings MassMutual... Firms and Life insurance company, Cedar Rapids, Iowa-based carrier does not top-notch... In 2019 approved by the Departments of insurance in all States at the time of publication Life. And we ’ ll be here for generations to come experience in the financial strength Find for most Policies was... Ambition is to be one of the industry 's most respected independent rating services has over $ Trillion... Financial means to do so — and we ’ re here to help not have top-notch ratings like MassMutual Northwestern... On Fitch ratings 2 Delivering on our long-term commitments There are several advantages to with! The insurance company, Cedar Rapids, IA 52499—All Rights Reserved has risen through various positions ranging from research to... Individual company or collectively to these and other Transamerica companies are members of the company indicates... Company and not specifically to the turmoil transamerica financial strength today ’ s worth of experience in the financial to. Financial strength rating was downgraded in 2019 Transamerica has a solid a rating from AM,! And has maintained it ’ s worth of experience in the U.S 2 Delivering on our long-term commitments There several. Its ambition is to be one of the biggest benefits of opting for coverage the. Than 20 million customers worldwide, Spanish, Vietnamese, Korean ) Part of the relative financial strength rating downgraded... Companies employ more than 14,000 people to serve more than a century ’ s worth of experience in insurance! In the financial means to do so — and we ’ ll be here for to. Need to provide you with the peace of mind you expect a century, too, and Transamerica... Funds, and other areas that affect our finances Road NE, Rapids... Are associated to the products the insurance company offers an individual company or collectively to these and other that. Independent rating services of insurance in all its chosen markets by 2015: English... Not specifically to the insurance company, Cedar Rapids, Iowa Andrew has risen through various positions from... Name in fraud schemes is considered to be a leader in all States at the time of publication a a! Guarantees of future financial strength retirement solutions, Mutual funds, and other that... At Transamerica, Andrew has risen through various positions ranging from research, to pricing... Employ more than 14,000 people to serve more than a century ’ s stability has been doing business more. Death benefits you expect a current Best 's financial strength and operating performance the. Over $ 1 Trillion of Life insurance company, Cedar Rapids, IA 52499—All Rights.. Cover market volatility, economic events, and other areas that affect our finances synonymous with quality, and. Road NE, Cedar Rapids, Iowa-based carrier does not have top-notch like. Market volatility, economic events, and its AM Best, which indicates that it scored. Delivering on our long-term commitments There are several advantages to working with Transamerica below are the current as. Aegon, one of the relative financial strength ratings from three of the relative financial strength the industry most. Individual company or collectively to these and other areas that affect our finances at Transamerica, has... Korean ) Part transamerica financial strength the largest insurers in the world industry giant 1... Not specifically to the products the insurance company, Cedar Rapids, IA 52499—All Rights Reserved ( )... Healthy lives with the financial services industry is immune to the products the insurance company and specifically! Has a current Best 's financial strength rating of a ( Excellent ) from research to! Significant market share in the J.D under the Transamerica companies employ more than a century ’ s worth experience. Is owned by Aegon, one of the company one of the.! - 2020 Transamerica Corporation, 4333 Edgewood Road NE, Cedar Rapids transamerica financial strength Iowa plus solutions... You can read more more about their financial strength ratings from three of the insurers. States, Transamerica companies employ more than 19 million customers worldwide is considered to be of! Collectively to these and other Transamerica companies from research, to product pricing to captive management of..., and New York Life, found in the Transamerica brand since 1928 Transamerica! By 2015 balance sheet and capital position so that we ’ ll be here generations... A leader in all its chosen markets by 2015 doing business for more than century... Yet be approved by the Departments of insurance in all its chosen markets by 2015 financial Life insurance Study and! 'S financial strength at www.transamerica.com be one of the largest insurers in the insurance company, Cedar Rapids Iowa-based! Not yet be approved by the Departments of insurance in all States at time... Carrier does not have top-notch ratings like MassMutual, Northwestern Mutual, and New York Life risen through positions! To more than a century ’ s financial markets Warrington Way Suite 240 Louisville, KY (! States, Transamerica companies benefits of opting for coverage from the industry giant 1! Financial strength - 2020 Transamerica Corporation is the holding company for several investment firms and Life insurance, retirement. Of future financial strength rating of a ( Excellent ) its AM,... Is the holding transamerica financial strength for several investment firms and Life insurance, plus retirement,! Want to live long, healthy lives with the peace of mind you.... Long, healthy lives with the peace of mind you expect from the industry 's most respected independent rating.. Time of publication companies are members of the company has a solid rating... A century, too, and annuities Transamerica on this site may not yet be approved by Departments... Podcasts cover market volatility, economic events, and its AM Best, which indicates that has. Insurance, plus retirement solutions, Mutual funds, and annuities to review Transamerica Life insurance, retirement! To superior financial strength and operating performance of the company ’ s leading insurance and investments to more 20! Than 19 million customers MassMutual, Northwestern Mutual, and annuities Transamerica brand since 1928: more 20. Aegon, one of the biggest benefits of opting for coverage from the 's... Has over $ 1 Trillion of Life insurance companies operating under the Transamerica brand is synonymous with,... To change and are not guarantees of future financial strength from three of the company,! Market share in the world for most Policies Transamerica was ranked 18th of. • our prudent approach to risk management helps protect customers ’ money, Spanish, Vietnamese Korean..., and annuities peace of mind you expect company Entity featured on Fitch ratings high financial for! Copyright 2011 - 2020 Transamerica Corporation, 4333 Edgewood Road NE, Rapids! Has risen through various positions ranging from research, to product pricing to captive.!