Transamerica National Life (also known as Pan American Life) insurance company evaluation and product introduction

althoughTransamerica Pan American Life / Transamerica LifeThe headquarters has moved away from the landmark skyscraper in San Francisco, and its logo still uses this building.

Transamerica's company rating

Transamerica has received very reliable financial reporting ratings from AM Best, Fitch, Moody's and Standard & Poor's.With 4 "A"s, National Life Insurance can advertise itself as the top life insurance company in the United States.

The following is a summary of the ratings ( How to interpret ratings ):

•  AM Best - A
• Fitch – A+
• Moody - A1
• Standard & Poor's –AA-

As of June 2019, 6, Transamerica’sTotal assets of $1303 billion, Of which approximately US$60 billion comes from cash reserves.In the BBB business rating, their rating is "A-". 

Transamerica's business has not only been recognized by the public, but has also achieved substantial growth.At the same time, Transamerica is also widely active in community building and green activities.For example, the Aegon Transamerica Foundation spent nearly $700 million last year on reconstruction and rehabilitation activities in urban centers.It also sponsored Habitat for Humanity and cooperated with multiple events across the United States this year.

As we all know, in addition to normal advertising and marketing channels, Transamerica also promotes strong marketing and brand promotion activities. The sponsors are all over the PGA Professional Golf Association, the Ladies Professional Golf Association and the famous Johnny Unitas Golden Arm Award. This is the NCAA four One of the highest honors for shooting guards.

Transamerica product line

In Transamerica's insurance department, there are a large number of products to choose from.This includes:

• Term life insurance
• Universal Insurance (And investment universal insurance)
• Participating Whole Life Insurance
• Accident insurance
• Long-term care
• other…

Transamerica Pan American Life / Transamerica LifeIt is also one of the leading funeral life insurance companies in the United States.After 2020, Transameirca National Life Insurance provides concierge and funeral services for the death of policyholders.

Life Insurance Product Line

Since this is what we want to focus on most, let's go to learn more about Transamerica's life insurance products and compare them to see what is different.

Transamerica term life insurance

• Trendsetter Super / Chinese product manual download
• Trendsetter lb / Chinese product manual download

定期寿险产品的保额不低于25,000美元，上限能超过10,000,000美元。 提供的选择是，10至30年（以5年为增量）保障期的保费和身故赔偿金。

There are several special riders in term life insurance that can be used by anyone between the ages of 18-80.However, please note that older applicants will not be eligible for term life insurance products with longer coverage periods.

Transamerica’s term life insurance is divided into different product lines and issued in different channels. The Trendsetter LB series providesMajor illness claims.Chronic illness claimsAndEnd-stage illness claimsFull-scaleWelfareTerms.The Trendsetter Super series only provides death claims, and the advantage is that the premium is relatively significantly reduced.

In November 2019, Transamerica lowered the premiums of its Trendsetter Super®️ term life insurance, opened it up to the foreign market, and removed the usual minimum insurance limit of $11 million for foreigners (News).

If you don’t know the options, Transamerica Life also offersChinese product comparison description, To help policyholders make decisions.

Transamerica Whole Life Insurance

• TransamSerica Lifetime WHOLE LIFE American Life Whole Life Savings Insurance (Product Evaluation）
• Transamerica Financial Foundation Iul National Life Index Universal Insurance FFIUL (Product evaluation)

Among the many types of whole life insurance products, the cheapest and most basic ones are often omnipotent. This is an effective selection strategy that guarantees that the lifetime premium remains the same, while the cost is controllable, and the death compensation amount will not decrease.

If you want the policy to have excellent cash value accumulation potential, you can consider applyingFFIULThisIndex Universal Insurance, So that you can mark a part of the premium paid to the US market or the global market.You need to get in touch with the practicing broker of this product, and check and confirm the expected return statement before purchasing.

While the idea of ​​increasing the cash value sounds good, if you want more security and a more secure guaranteed cash value, thenSavings Whole Life Insurancesuits you.It is the most stable product, and can defer capital gains tax, may be tax-free when withdrawing, and still enjoy tax-free death benefits, and accepts foreigners to insure.

Transamerica Index InsuranceThe product is called Financial Foundation IUL® (FFIUL), to provide flexible premium strategies and guaranteed cash value strategies,And accept insurance from foreigners.This product provides asset management strategies against the US Standard & Poor's 500, Hong Kong Hang Seng, and the European Stoxx Index.Revenue cap rateIt also has strong competitiveness.

>>>View Transamerica Financial Foundation IUL product manual and evaluation in Chinese

For those who are not concerned about the world and just want to have money to pay for the funeral expenses at the time of death, Transamerica does provide a very competitive funeral life insurance product.

Transamerica other products

In addition to life insurance products, Transamerica also provides additional financial tools through affiliates, independent financial partners and consultants.These include pensions, retirement plans such as 401(k) and 403(b), IRA and ROTH IRA, mutual funds and annuity products.In order to become a complete financial empire that provides customers with a full range of services, Transamerica has offices all over the world.

Transamerica's comprehensive evaluation of InsuGuru©️

Transamerica Pan American Life / Transamerica LifeWith its strong foundation, brand and comprehensive product line, it provides a variety of comprehensive financial and insurance services for individuals, small families, and business owners.

Transamerica's life insurance products have different functions and values, and the product descriptions have also added Chinese content.In consumer term life insurance, there areWelfare和Does not provide ante-mortem benefitsThe product line provides consumers with choice, which is relatively cheaper.

For the whole life insurance product line of Transamerica Life, the advantage is that the underwriting process is friendly, especially the acceptance of foreigners' insurance, which is a great advantage.

During the COVID-2020 outbreak in the United States in March 3, Tansamerica continued to maintain the position of the highest cap value of the S&P 500 insurance market in the insurance market industry despite the drastic changes in the cost of the options market.(Update: 2022年9月24日后，下调1.75个百分点至12%)。

If you have to point out the insufficiency, in the rampant evaluation of similar index insurance types, the loan method of the policy account is relatively simple.

In general, the underwriting process of Transamerica Life is very friendly to many people, with strong financial strength, and the diversity of product lines is also an advantage.