Skip to content
AZ LifePro

Carrier

Transamerica

Transamerica is part of Aegon Ltd., a parent company with nearly 180 years of financial-services experience. Per the carrier's own materials, the company "maintains a strong balance sheet and capital position so that we'll be here for generations to come" — backed by $223 billion in retirement plan assets, $62.8 billion paid in insurance, retirement, and annuity claims, and 14.6 million policies in force (figures as of December 31, 2024, from Transamerica's financial-strength page).


Founded
1904
Headquarters
Cedar Rapids, Iowa
Structure
Subsidiary of Aegon Ltd. (publicly traded, Netherlands-based)
A.M. Best
A (3rd of 16 categories) · Not specified by carrier

Financial strength

Ratings as of Apr 28, 2026

  • A.M. Best A (3rd of 16 categories)
  • Standard & Poor's A+ (5th of 21 categories)
  • Moody's A1 (5th of 21 categories)
  • Outlook Not specified by carrier

Ratings change. Pull current values from the carrier or AM Best directly before quoting them.

Known for

  • Broad life insurance product breadth
  • Strong indexed universal life (IUL) presence
  • Aegon-backed retirement and annuity scale
  • Recognizable brand from the iconic San Francisco Pyramid

Products written

  • Term life
  • Whole life
  • Indexed universal life
  • Annuities

What we use them for

Through Family First Life, we have access to Transamerica’s life and annuity product lines. From an agent’s perspective, they tend to be a strong fit when:

  • The buyer wants brand recognition with global backing. Transamerica’s parent, Aegon, is one of the world’s largest life-insurance and asset-management groups, with origins going back to the 1840s. For buyers who want their carrier to be unambiguously stable, that kind of scale is a plus.
  • Indexed universal life is on the table. Transamerica is an active participant in the IUL market, with multiple product variations to fit different funding profiles.
  • Term coverage at competitive rates. Their term life pricing is competitive in many bands, particularly for healthier applicants.

When to consider another carrier

If the priority is fraternal benefits (member-side perks like community grants or scholarships), a fraternal society like Foresters Financial is built differently. If the priority is decades-long brand familiarity for an older buyer, Mutual of Omaha’s national TV-era recognition often resonates. The right carrier depends on the buyer’s product, age, health class, and what they care about — that’s a conversation, not a brochure.

Get a quote

Want to see what Transamerica looks like for your situation? We pull current illustrations on the call. The form below pre-fills your interest as Transamerica — we’ll come back with side-by-side options.


Sources

Facts on this page were drawn from the following sources. Ratings, products, and corporate facts change — verify against the source before relying on a specific claim.

Ready to compare

Want to see Transamerica side-by-side with another carrier?

We pull current illustrations on the call. The form below pre-fills your interest as Transamerica — we'll come back with side-by-side options from carriers that fit your specific situation.