Transamerica has five main life insurance products across three types: term life, whole life, and universal life.

Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.

Transamerica could be a good option if you are looking for numerous life insurance options coupled with other financial products. However, while the company has relatively strong financial strength, its customer satisfaction reviews tend to be below average.

The most common types of life insurance are term, whole, universal, variable, and final expense. Here's how each type works and how you can find the right policy for your needs.

Aegon USA Investment Management, LLC is an affiliate of Aegon companies. Transamerica companies are part of the Aegon group.

AegonAEGON International B.V.The Aegon Trust Transamerica Corporation/Parent organizations Commonwealth and AUSA are wholly owned by Transamerica Corporation (DE). Transamerica Corporation (DE) is wholly owned by Aegon International B.V., which is wholly owned by Aegon NV, a Netherlands corporation, and a publicly traded international insurance group.

While you can use life insurance to accumulate cash value, it isn't a typical investment or the best choice for everyone. Learn how cash value works and whether this is right for you.

Since the death benefit of a life insurance policy isn't an asset, it can't be earmarked to pay your debts, and your beneficiaries will receive the complete amount. After your beneficiaries receive it, the benefit will be considered a liquid asset of theirs.

Simply stated, Transamerica wants to help people balance their Wealth + Health℠ so they can achieve a lifetime of financial security. To obtain that goal, our people, products, and processes help others prepare for the opportunities - and the challenges - of living longer.

Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you must have.

Term Insurance Plans. A term insurance policy is the simplest form of life insurance that can help you protect your family from financial emergencies in your absence. Term insurance provides pure life cover protection for a certain policy term and sum assured.

AegonAEGON International B.V.The Aegon Trust Transamerica Corporation/Parent organizations Commonwealth and AUSA are wholly owned by Transamerica Corporation (DE). Transamerica Corporation (DE) is wholly owned by Aegon International B.V., which is wholly owned by Aegon NV, a Netherlands corporation, and a publicly traded international insurance group.

Transamerica has stood for innovation since 1906, when a young entrepreneur named Amadeo P. Giannini founded a bank in San Francisco to make financial services available to everyone. Today, Transamerica encourages our customers to consider their long-term health in pursuit of their financial success.

Insurance products mean any product provided by an insurer in its insurance whereby such insurer or undertakes to indemnify the insured person as to loss from certain perils called risks which are mentioned in the insurance contract or to pay a specified amount with or without a benefit (depending whether it is ...

An insurance-based investment product, or IBIP, is a financial product with both an insurance and an investment component; when you buy an IBIP you are getting a life cover and, in the meantime, you are investing either directly or indirectly in the financial markets.

Life Insurance as a Liability Any type of life insurance that doesn't earn cash value is considered a liability. The most common type of non-cash value life insurance is term life insurance. With a term policy, you owe regular payments and you're not guaranteed anything in return.