Is Transamerica still in business?

Asked by: Prof. Effie Ratke  |  Last update: October 14, 2022
Score: 4.3/5 (7 votes)

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.

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 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.

Did Transamerica get 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.

What is going on with Transamerica?

Transamerica Grows Retirement Plan Business With Newly Created Pooled Employer Plans. Baltimore - October 14, 2020 - Transamerica announced today that the company has been selected to be a retirement plan recordkeeper of the Lockton Northeast (NE) Series pooled employer plan.

Story time: Transamerica is a Scam (10 reasons why)

24 related questions found

Can Transamerica be trusted?

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.

Is Transamerica a scheme?

This is a Pyramid Scheme, through and through do NOT go to anything this "Company" invites you too. Be wary of words like "events" and "memberships". Thankfully I only attended an "event" where they solicit new members from their associates to join up.

Who took over Transamerica?

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

How do you contact Transamerica?

As an alternative, you should give consideration to sending it by U.S. postal service.
  1. Mailing Address.
  2. PO Box 189. Cedar Rapids, IA 52406-0189.
  3. Administrative Office.
  4. PO Box 189 Cedar Rapids, IA 52406-0189.
  5. Customer Service.
  6. 1-800-527-9027. Monday through Friday 8 a.m. - 7 p.m. Central Time.
  7. Fax Number.
  8. 1-972-881-4527.

Who bought Transamerica?

San Francisco's iconic Transamerica Pyramid changed hands for the first time on Wednesday, after Deutsche Finance America and developer Michael Shvo teamed up to purchase the tower and complex for $650 million, one of the largest commercial transactions in the U.S. since the onset of the Covid-19 pandemic.

Is Transamerica stable?

The Transamerica Guaranteed Investment Option is a stable value product that guarantees principal and interest. The option's objective is to provide maximum return consistent with a principal-protected product backed by the financial strength of the Transamerica Life Insurance Company general account.

Is Transamerica FDIC insured?

Transamerica emergency savings offerings are FDIC-insured up to the standard maximum deposit insurance amount of $250,000.

Can I cash out my Transamerica?

Cash out your retirement plan

You will lose the opportunity for tax-advantaged growth and compounding. You could be subject to a 10% federal tax penalty (if you cash out before age 59½).

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.

How long does it take to get a check from Transamerica?

Please allow up to 3 weeks to receive a check for the loan amount you requested from your Policy/Certificate. *Only Policies/Certificates with a Cash Value can be borrowed against.

How do I check my Transamerica account?

If you have an online account, please have your login information available. Call us at 800-755-5801. Transamerica VoicePass can provide security and convenience without having to remember a password when you call. VoicePass will identify you based on YOUR stored voiceprint which is as unique as your fingerprint.

How long has Transamerica been in business?

Transamerica has stood for innovation since 1906, 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.

Is Transamerica part of fidelity?

Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company are not affiliated with Fidelity Investments. Past performance is no indication of future results.

What type of retirement plan is Transamerica?

As one of a handful of providers that services both defined contribution and defined benefit plans, Transamerica is an innovator in Total Retirement Outsourcing® (TRO).

Is Transamerica like Primerica?

Primerica provides insurance and financial services and is the largest independent financial services marketing organization in North America. Primerica's headquarters are located in Duluth, Georgia. Just like Transamerica, Primerica also uses a multi-level marketing structure.

Is Transamerica financial Advisors legitimate?

TFA is a great company with a great history and is an excellent company to work with as an independent contractor. They are a nationwide company and part of the Aegon financial family.

Is Transamerica World Financial Group?

For more than 20 years, World Financial Group, a Transamerica company, has helped countless individuals and families find financial security through our life insurance, retirement and wealth-building strategies. And we can do the same for you.

What rating does Transamerica have?

Transamerica earned 3 stars out of 5 for overall performance. NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account customer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.