Who bought out Transamerica?
Asked by: Larry Botsford DDS | Last update: October 28, 2025Score: 4.6/5 (50 votes)
What company owns Transamerica?
Our parent company, Aegon, brings a legacy of financial services expertise to their relationship with us.
Who did Transamerica merge with?
1999. Transamerica becomes part of Aegon, a leading international financial services holding company.
Is Transamerica life insurance still in business?
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.
Who bought Monumental life insurance company?
The Company converted to a stock company in 1928 and adopted its current name, Monumental Life Insurance Company during 1935. In 1986 AEGON N.V., a Netherlands Corporation, purchased Monumental Life Insurance Company which became an indirectly wholly owned subsidiary of AEGON USA, Inc.
The Death of Transamerica
Does Monumental life insurance company still exist?
Rebranding and Closure In 2014, Monumental Life Insurance Company changed its name to Transamerica Premier Life Insurance Company. Despite the name change, the products offered remained the same, and current policyholders could still file claims through Transamerica.
Who did Allstate sell their life insurance to?
US primary insurance carrier, The Allstate Corporation, has completed the sale of Allstate Life Insurance Company (ALIC) and certain subsidiaries to entities managed by private equity investment giant, Blackstone.
Can I get my money back from Transamerica life insurance?
You may receive back less than your original premium if you incur surrender charges or fees in excess of the earnings credited to your policy. In no event, however, would you receive less than the Minimum Required Cash Value prescribed under law.
Who is Transamerica now?
Part of the Aegon family
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.
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”).
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.
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.
Does Transamerica own Bank of America?
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.)
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.
How strong 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.
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.
Who is the owner of Transamerica?
Transamerica Corporation is an indirect, wholly owned subsidiary of Aegon Ltd.
Who bought the Transamerica building?
On completion in 1972 it was the eighth-tallest building in the world. It is also a popular tourist site. In 2020, the building was sold to NYC investor Michael Shvo, who in 2022 hired Norman Foster to redesign the interiors and renovate the building.
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.
Do I get my money back if I outlive my life insurance?
Do you get your money back at the end of a term life insurance policy? You can't get your premium dollars back from a standard term life insurance policy once it expires. However, if you buy a return of premium (ROP) rider, then you could get some or all of your premium back if you outlive your policy.
How long does it take Transamerica to pay death benefits?
If your claim is approved you'll receive your payment 7 to 10 days after the final approval.
Who bought out Liberty life insurance company?
Lincoln Financial Group's $3.3B Acquisition of Liberty Life. Holding Insurance Companies Accountable For The Coverage They Promised and The Benefits You Deserve. Serving Florida and Nationwide.
What insurance company did Allstate merge with?
Bert and Ernie. Great pairs are always stronger together, uniting to become greater than the sum of their parts. When Allstate acquired National General in 2021, another great pair came together, joining products to offer employers an even broader suite of coverage solutions for their employees.
When did State Farm start selling life insurance?
The first State Farm Life policy was issued on April 19, 1929, to company founder G.J. Mecherle in the amount of $2,000. Five life insurance policies issued in that first year are still in force.