This company is not yet accredited.See reviews below to learn more or submit your own review.. Transamerica is a life insurance and Medicare supplemental coverage provider. They asked for my signature to be notarized, so I did that and gave the documents to our agent. NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Over three years, Transamerica has drawn more complaints to state regulators than expected for a company of its size, according to NerdWallet’s analysis of data from the National Association of Insurance Commissioners. Transamerica sells term and permanent life insurance, including whole and universal policies. Do you want to do business with this insurance company?? Two other insurance companies paid within a month. Unsubscribe easily. Get instant quotes for term life insurance. Our content is intended to be used for general information purposes only. Pre-qualified offers are not binding. We want to hear from you and encourage a lively discussion among our users. The questionnaire takes about three minutes. I’m satisfied at this point, my agents is okay however I would appreciate her mores if she’d reached out to me from time to time just to say hello order checking in to make sure you’re good. Watch out for a Timothy **, an agent who will sell just such a policy. Within the last 2 years Monumental merged or fell under and is now under the name Transamerica Premier Life Insurance. Seventy percent of Americans agree people need life insurance, yet only 59% have it. Transamerica term life insurance is available to anyone between 18 and 80 years old. Transamerica offers term, whole and universal life insurance with coverage up to $10 million. Term life insurance policies from Transamerica last for 10, 15, 20, 25 or 30 years. His institution would later merge with a name we all recognize today, Bank of America. She spent almost an hour with me answering all my questions. By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Many or all of the products featured here are from our partners who compensate us. Unfortunately, they did not pay out the death benefit and only gave my mom a check in the amount of the premiums paid over the two plus years. Learn more about the awards and Transamerica … For more information about reviews on ConsumerAffairs.com please visit our Transamerica offers additional financial products and services, including annuities, mutual funds, exchange-traded funds (ETFs), retirement planning and workplace benefits. We saw ratings of 9 out of 10 stars with one site rating Transamerica the “Best for Affordable Policies.” The company … I have been placed on hold for endless wait times with no answer from a live representative. Life insurance with living benefits is a great product you can find with Transamerica. See reviews below to learn more or submit your own review. NerdWallet’s ratings are determined by our editorial team. It has been two weeks since we issued the surrender documentation and our money has not been transferred to our account as of yet. The HIPPA law, passed 6 months after we signed the contract, added provisions to add Alzheimer patient eligibility to contracts including residential care facilities. I sent them what they had asked for and was told it would be another 20 days before they can review the paperwork and then another 20 days before they can cut a check. We value your privacy. Power’s 2019 U.S. Life Insurance Study. Transamerica offers optional coverage on its life insurance policies: The monthly cost for Transamerica term life insurance typically falls between $31 and $177. Life insurance policies from Transamerica have coverage up to $2 million for whole life and up to $10 million for term life insurance. When she was moved into a skilled nursing facility, she passed away after a month and they invoked the 60 day elimination period and paid nothing for the $70,000 charged to my wife in an 8 month period. Transamerica Premier Life Insurance Company. It will be the end of November before the widow is paid. Before speaking with an agent, use Transamerica’s Insurance Plan Explorer to help you find a plan by answering a few questions about your family, finances, health and budget. See a price comparison for multiple carriers. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Transamerica term life insurance is available to consumers up to 80 years old, but 80-year-old customers have a maximum term of just 10 years and pay high premiums. When evaluating offers, please review the financial institution’s Terms and Conditions. To be eligible for Transamerica life insurance, you may need a medical exam. Don't get me started on the unscrupulous business practices of Mr. **, who should never be an insurance agent. Whole life insurance typically ranges between $180 and $2,000 monthly. Transamerica life insurance quotes vary greatly because many factors go into determining the cost of your policy, including: People with a poor health history, who are older or who smoke tend to pay the most for life insurance. Make me feel secure or just new offers or better upgrade packets just saying. 20 out of 24 life insurers evaluated by J.D. Unsubscribe at any time. Transamerica offers whole life, term life, universal life, index universal, group universal and final expense life insurance. Transamerica scored in the bottom quarter of companies in J.D. Our prudent approach to risk management … All Rights Reserved. Transamerica is an innovative insurance company with a storied history and one of the largest portfolios of in force life insurance in the U.S. As a consumer this is an important part of our time. TRANSAMERICA PREMIER LIFE INSURANCE COMPANY August 25, 2015 Transamerica Premier Life Insurance Company 4333 Edgewood Rd NE Cedar Rapids, Iowa 52499 Ms. [redacted] Dispute … Transamerica Premier in the most INCOMPETENT bunch of idiots have have ever dealt with!! After 25 years of paying Transamerica Life Insurance premiums for long term care, my wife was moved into an Alzheimer’s facility. It earned a rating of “about average” for price. First they needed a document signed and sent in which I promptly did. The Better Business Bureau gives Transamerica a “B”. My father passed in June. If you read these online Transamerica insurance reviews… He bought a life insurance policy from Transamerica with my mom as his beneficiary. Pre-qualified offers are not binding. Transamerica has been names to both Working Mothers 100 Best Companies and Best Companies for Dads. Its headquarters currently has an A- rating by the BBB, with a 1.5 out of 5 rating for customer reviews and … This is the second year Transamerica has been named on the Working Mothers award and first year for the Best companies for Dads. Whether you compare Transamerica life insurance vs. Transamerica premier or Transamerica life insurance vs. Amica Mutual reviews, it is clear that Transamerica lacks behind in providing quality customer service. This is apparently within their 20 business day turnaround on requests. The Differences Between Term and Whole Life Insurance. That’s very impressive if you ask me. Working as a customer service representative can be so challenging. Avoid at all costs! Transamerica also sells small whole life policies designed to cover funeral and other final expenses. Do not under any circumstances buy a life insurance policy from Transamerica unless both parties are 100% healthy! Transamerica Life Insurance Review. Then, my father sadly passed away December 31, 2019. Although its headquarters are no longer in San Francisco, Transamerica still uses the image of the city’s iconic Transamerica Pyramid for its logo. The overall rating of the company is 1.4 and consumers are mostly dissatisfied. Sign up to receive our free weekly newsletter. Can never get through to their needs one of the products featured are! Stars out of business immediately Transamerica Overview Transamerica was first mentioned on PissedConsumer on Jun 12, 2012 since... Its location on this website to affirm that the information provided is accurate or all the. With! people do not Mail be so challenging agent to handle this issue immediately that ’ s ratings determined. Back to 1904, when amadeo Giannini founded the Bank of America Americans agree need! 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