Transamerica Life Canada

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President & CEO: Doug Brooks

AM Best Rating: B++

Assets: $6,440,120

New Premiums Insurance: $390,327

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 Pocket Key Ratings Guide 2010

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

Posted by .

Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.

4 Comments

  1. Thirty Year Term Insurance and the Credit Crunch Crisis 04/01/2008 at 8:29 am

    [...] 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. Two Advantages - Transamerica Life’s Universal Life Policies 07/23/2008 at 8:09 am

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

  1. Transmerica’s Critical Advantage plan - unique but limited 08/18/2008 at 8:08 am

    [...] 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. [...]

  2. Transamerica to introduce new payment options 09/12/2008 at 6:46 am

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

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