Transamerica Life Canada

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President & CEO: Doug Brooks

AM Best Rating: A-

Total Assets: $10.14 billion

Net Income: $44.1 million

Net Premiums Written: $280.9 million

Financial Size Category: XII ($1 billion to $1.25 billion)

FSR Outlook: Stable

Best's Issuer Credit Rating: a-

ICR Outlook: Stable

As of Date: 04-09-2013

Organization Type: Stock

Specialty Lines of Business: Term Life Insurance, Variable Annuities, Universal Life Insurance

Marketing Type: Independent Agency Broker

Address:

Transamerica Life Canada
5000 Yonge Street
Toronto, Ontario
M2N 7J8

Toll Free: 1-800-846-5970
Fax: 1-800-661-7296

Web Address: www.transamerica.ca

* Info courtesy of AM Best's Key Ratings Guide 2013

Transamerica Life Canada is the Canadian subsidiary of AEGON N.V., a Netherlands-based insurance company, which is one of the largest insurance companies in the world.

Transamerica has been helping millions of Canadians over its long history to make the best decisions regarding financial and insurance matters. Today it has about 18,000 representatives across Canada who do their best to provide innovative, tailored and affordable solutions.

Transamerica’s Termselect insurance is a low-cost product which allows coverage of several people on one policy thereby reducing administration costs. The policy comes in Term increments of 10, 20 and 30 years. Their Term 30 is renewable to 100 and has a unique reduced paid up insurance option.

For people looking for secure and guaranteed investments, Transamerica also offers annuities and investment products.

  1. Transamerica Life Canada policies
    Rating of Transamerica Life Canada policies from independent insurance expert Lorne S. Marr.

Transamerica Life Canada News

Transamerica Life Canada Policies

Pluses

1. They have a full range of term policies at preferred and standard rates.
2. Their term 30 policy has a unique paid-up option.

Minuses:

1. No disability insurance policies.
2. No participating whole life policies.

1 year stock chart for AEGON N.V. (ADR)


The above stock charts are for the parent company AEGON N.V., of which Transamerica Life Canada is a subsidiary. These stock charts are for informational use only and are meant to reflect the current financial well-being of the parent company.

LSM Transamerica Policy Reviews

4 Comments

  1. [...] and point a 40 year male non smoker would pay $37.80 a month for a $250,000 Term 20 policy with Transamerica Life but the renewal premium after 20 years is $517.95 a month. Now the insured could re-apply for a new [...]

  2. [...] Transamerica Life Canada [...]

  3. [...] Transamerica Critical Adantage is a global medical care insurance providing immediate access to advice and the best care through Best Doctors. If diagnosed with a covered medical condition, the client and their doctors or specialists have immediate access to Best Doctors, the world’s leading medical information resource. Best Doctors can provide clinical guidance and access to a second opinion to help arrive at the right treatment plan. This system draws on a global database of 50,000 peer-ranked doctors to arrange care with the world’s top experts and facilities for your client’s specific medical condition. $1 million in affordable global medical care $1,000,000 CDN in global medical expense coverage, in addition to a $10,000 CDN travel and accommodation allowance. This unprecedented coverage empowers clients to follow their desired path to healthcare, wherever it may take them on the globe. [...]

  4. [...] September 15, Transamerica will offer more flexible limits and options for payment for both new and inforce insurance for [...]

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3173 Bathurst Street, Toronto, ON M6A 2B1
Head Office: 2900 John Street Suite #302 Markham, L3R 5G3
Office 1-866-899-4849, 905.248.4849 Fax 905.300.4848


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