Upgrades in Transamerica Life Canada’s Credit Rating

Posted on October 6, 2010 and updated October 6, 2010 in Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Term Insurance, Transamerica Life Canada 1 min read

As reported in the August Issue of the Insurance Journal, ratings agency Standard & Poor’s recently raised its counter-party credit and financial strength ratings for Transamerica Life Canada to “BBB+” from “BBB.”  The outlook as an insurer is now stable.

Also in July, another ratings agency, AM Best, revised Transamerica Life Canada to positive from stable and affirmed the financial strength rating of B++ (Good). AM Best also revised the outlook to positive from negative and affirmed the insurer’s credit rating of BBB+. More good news for Transamerica customers, Transamerica Life is lowering its term rates effective September 20, 2010.

For more details on term life insurance quotes in Canada, you can contact us at 1-866-899-4849, or visit our term life insurance Instant Quote Page

avatar