Transamerica Life Insurance Customer Reviews

Transamerica holds a low score of two out of five with jd. Variety of life insurance options.

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Transamerica life insurance customer reviews. The life insurance factors we analyzed customer experience. Transamerica has something of a complex history going back to 1904 when amadeo giannini founded the bank of italy in san francisco. An exam is required for these policies.

Transamerica life insurance company is owned by transamerica financial a financial services company with the motto wealth health while the company as a whole seems to focus on other services its insurance branch is financially stable and has had few complaints filed against it. We had 2 life insurance policies with transamerica since 93008 through an agent. The only thing i got from their customer representatives was that they were sorry.

Transamerica doesnt hire and cannot. In 1928 gianninis bank merged with the bank of americatransamerica itself was founded by giannini as a holding company which acquired occidental life insurance in 1930. If someone would be stupid enough to buy a life insurance from someone and dont ask if they have a license its nobody to blame but yourself.

Power in its 2019 life insurance survey which measures customer satisfaction with product offerings price agent interaction and communication and moretransamerica falls well below the industry average coming in 20th place out of 24 companies officially ranked. This review is from a real person who provided valid contact information and hasnt been caught misusing spamming or abusing our website. This review is written by an individual who has purchased the reviewed productservice andor confirms being a paying customer of this company.

Read reviews and complaints about transamerica long term care insurance including policies variety of services payment options and customer service. Consumers can choose to purchase a temporary or permanent policy from transamerica. Verified reviewer verified buyer.

Like many life insurance providers transamerica offers a 10 15 20 and 25 year term life policy with living benefits automatically included in all plans 50000 an up. You need to pass a state exam do fingerprint to obtain a license. Transamerica offers individual term index universal variable universal and whole life insurance.

Learn more about transamerica including its life insurance offerings and customer service reviews. Ive had a term life insurance with transamerica since 1995. Run dont walk away from transamerica.

As we were approaching the end of the 10 year term period we had several discussions with the agent that we wanted to terminate policy at 93018 as premium was due to increase 8 10 fold. Every state requires every agent to have a state license to sell life insurance.

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