The eligible issue range is from 18 to 80. The Trendsetter Super comes in terms of 10, 15, 20, 25 and 30 years, in coverages ranging from $25,000 up to more than $2 million. Transamerica has two term life products available, though within each product, you'll find a nice selection of offerings. Best's Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M.
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#Transamerica life insurance license#
See Guide to Best's Credit Ratings™ for explanation of use and charges.īest's Credit Ratings™ reproduced herein appear under license from A.M. For the latest Best's Credit Ratings™ and Best's Credit Reports which include Best's Credit Ratings™), visit the A.M. Best's Financial Strength Rating Guide for more information.īest's Credit Ratings™ are under continuous review and subject to change and/or affirmation. Check with your insurance agent and review A.M. We can't guarantee that the subsidiary of Transamerica Insurance rated here is the subsidiary that will underwrite your insurance policy. A rating notch of either a second "+" or a "-" indicates the gradation of financial strength within the category. įinancial Strength is rated on a scale of D (poor) to A+ (superior). View our Important Notice: Best's Credit Ratings for a disclaimer notice and complete details at. It is not a warranty of a company's financial strength and ability to meet its obligations to policyholders. Best's Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. Holding Group) in 8th place on its list of top 10 life insurers for 2015, with a 2.82 percent market share.Ī.M. In the United States, Aegon still operates under the Transamerica brand, and the National Association of Insurance Commissioners ranks it (under the name Aegon U.S. In 1999, the company was acquired by the global financial organization Aegon. The company became an icon when, in 1972, the Transamerica pyramid building claimed a memorable place in the San Francisco skyline. Transamerica entered the life insurance business in 1930 through its acquisition of Occidental Life Insurance Company, and in the 1950s, the financial and insurance divisions parted ways, with the insurance business taking the Transamerica name. The company played a major role in helping residents rebuild after the great earthquake of 1906. An Italian-American gentleman named Amadeo Giannini formed the business in 1904 in a San Francisco saloon, out of his desire to provide access to financial services to everyone - not just the select few who were wealthy. Despite being established more than a century ago, Transamerica is actually what you might call a newcomer in the life insurance landscape.