Sage-Tips

Is Transamerica a reliable company?

Transamerica is a trustworthy life insurance carrier and has earned high financial strength ratings. It also offers a wide selection of life insurance policies: term life, whole life, indexed universal life, and final expense insurance.

Does Transamerica have life insurance policies?

Transamerica offers the choice of several term life insurance policies. Our term life policies offer term periods ranging from 10 to 30 years separated by five-year increments and can provide customers with financial protection anywhere from $25,000 up to $10 million (and above based upon individual consideration).

What is trendsetter Super 30?

Trendsetter® Super 10, 15, 20, 25 and 30 are level death benefit term life insurance policies guaranteed renewable to age 105. Trendsetter Super YRT* is a level death benefit term life insurance policy guaranteed renewable to age 95.

What happened to Transamerica?

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. (Bank of America had been divested earlier.)

What is Transamerica trendsetter LB?

TrendseTTer® LB (Living BenefiTs) Trendsetter® LB is guaranteed initial level premium term life insurance with Chronic, Critical and Terminal Illness Accelerated Death Benefits (ADBs) inherent in the products, subject to state availability.

What is trendsetter super?

Trendsetter Super YRT* is a level death benefit term life insurance policy guaranteed renewable to age 95.

How long has Transamerica Life been in business?

Transamerica has stood for innovation since 1904, when a young entrepreneur named Amadeo P. Giannini founded a bank in San Francisco to make financial services available to everyone. Today, Transamerica encourages our customers to consider their long-term health in pursuit of their financial success.

Can I Cancelling my Transamerica Life Insurance?

To cancel your policy, contact your Transamerica agent or call Transamerica’s customer support team.

Is Transamerica a mutually owned company?

Get to Know Our Leadership. As an indirect, wholly owned subsidiary of Aegon N.V., Transamerica has a Board of Directors that features the CEOs of both Transamerica and Aegon, as well as other independent members who help oversee the business.

How does transtransamerica life insurance work?

Transamerica offers 2 term life policies: You may apply for coverage up to $10 million for a term of up to 30 years. Upon expiration, you can convert the policy to a permanent life insurance policy without medical exams or more underwriting.

What is the difference between Transamerica’s two term insurance policies?

The primary differences between Transamerica’s two term policies are their accelerated death benefits and the amount of coverage you may qualify for without a medical exam. While the Trendsetter LB policy has higher premiums than the Trendsetter Super Series, the difference is quite small unless you’re a smoker or have health issues.

How do I renew my Transamerica term life insurance policy?

When the period of coverage ends for a Transamerica term life insurance policy, you can automatically renew coverage, but the policy turns into a one-year term. Premiums will increase each year as you get older and the company’s risk increases.

When can I convert my Transamerica policy to a universal policy?

Premiums will increase each year as you get older and the company’s risk increases. However, Transamerica may allow policyholders to convert to a universal life insurance policy, typically when you hit a life milestone (like having a child or getting married) or reach a certain age.