What is Transamerica called now?
Asked by: Mr. Xavier O'Keefe | Last update: November 28, 2025Score: 4.4/5 (48 votes)
What is the official name of Transamerica?
Transamerica Corporation. Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services.
What company took over Transamerica?
Our parent company, Aegon, brings a legacy of financial services expertise to their relationship with us. Based in The Netherlands, Aegon has been a leader in the space since 1844. They acquired Transamerica in 1999, and today, we're proud to represent their U.S. operations and largest market.
Is Transamerica still in business?
As a leading provider of insurance, investment, and retirement solutions, Transamerica continues to help everyone make the most of what's important to them.
What happened to Transamerica financial services?
Transamerica Corporation, major American diversified financial-services corporation. Headquarters were formerly in the Transamerica Pyramid building in San Francisco. In July 1999 Transamerica was acquired by Aegon NV, an insurance company in the Netherlands.
Is Transamerica A Top 5 Carrier Again?
Why can't i access my Transamerica account?
Why did I get the 'Your Account has been Locked' screen? This means that you entered incorrect security information. For your security your account has been locked. Please contact a Transamerica Customer Service Representative for assistance Monday through Friday between 8 am and 7 pm EST at 1-888-233-4339.
What is the new name of Monumental Life Insurance company?
As a result, Monumental Life became a subsidiary of Aegon. Rebranding and Closure In 2014, Monumental Life Insurance Company changed its name to Transamerica Premier Life Insurance Company.
How trustworthy is Transamerica?
Transamerica life insurance is a trustworthy company with solid financial strength ratings. The company boasts an A rating for financial strength from AM Best, an A1 rating from Moody's, and an A+ rating from S&P Global.
Can I get my money from Transamerica?
You may take all of your money out of your retirement plan by taking a lump-sum distribution, but you may lose a substantial amount of your savings in the process. Once you take all of your money out of your retirement plan, you lose your tax-deferred investment benefits.
Are Transamerica and Vanguard the same company?
The Vanguard Variable Annuity is a flexible-premium variable annuity offered by Transamerica Premier Life Insurance Company (the “Company”).
How stable is Transamerica?
Financial Stability
Transamerica has an A rating with AM Best, meaning it has a superior ability to pay out its future insurance obligations.
What is Aegon called now?
Aegon is the brand name for Scottish Equitable plc and it is a subsidiary of Aegon N.V., a multi-national life insurance, pension and asset management company headquartered in The Hague, Netherlands.
How to make a payment to Transamerica life insurance?
Online bill payment is a service available to make a payment to Transamerica using your checking, savings, or money market account, your ATM or debit card, or your MasterCard, Visa, or Discover credit card.
Who purchased Transamerica?
Our parent company, Aegon, boasts a legacy of financial services expertise. Netherlands-based Aegon has been a leader in the space since 1844. They acquired Transamerica in 1999, and today, we're proud to represent their U.S. operations and largest market.
Can I cash out my Transamerica life insurance policy?
Beginning in the first policy year, you may elect to surrender or withdraw a portion of your policy value.
Is Transamerica a good company to work for?
Transamerica has an employee rating of 3.4 out of 5 stars, based on 1,854 company reviews on Glassdoor which indicates that most employees have a good working experience there.
What is the rule of 55 for Transamerica?
If you are under age 59½ when you withdraw money from your retirement plan, you may have to pay a 10% early withdrawal penalty. For withdrawals from an employer's plan, the penalty may not apply if you: Leave your employer in the year you turn age 55 or later.
What is a hardship withdrawal?
A hardship distribution is a withdrawal from a participant's elective deferral account made because of an immediate and heavy financial need, and limited to the amount necessary to satisfy that financial need.
How do I check my Transamerica balance?
Download the mobile app. The Transamerica Retirement app makes it easy to check your balance and make account adjustments anytime, anywhere.
Is Transamerica part of Bank of America?
The passage of the Bank Holding Company Act of 1956 prohibited banks from owning non-banking subsidiaries such as insurance companies. Bank of America and Transamerica were separated, with the latter company continuing in the insurance sector.
Has Transamerica ever been sued?
On December 28, 2018, Sanford Heisler Sharp McKnight filed a class action lawsuit against the Transamerica Corporation for violations of fiduciary duties under the Employee Retirement Income Security Act (ERISA).
How long does Transamerica take to pay out?
All distribution approvals received by Transamerica before 4:00 p.m. Eastern Time are processed overnight, and the payment is released the very next business day. An interactive User's Guide that covers the Loan and Termination Distribution process is available on www.TA-Retirement.com behind login.
Does Transamerica pay death benefits?
The Beneficiary will receive any remaining amount of the Death Benefit after the Insured dies, provided the contract has not terminated.