Many people are under the impression that you cannot buy life insurance for marijuana users. In fact, many applicants lie about their usage and then are denied coverage, not because they use marijuana, but because they lied about it. Insurance companies refer to this as misrepresentation. The truth of the matter is using marijuana does […]
Transamerica Insurance and Investment Group1150 South Olive Street
Los Angeles, CA 90015
Company Website: www.transamerica.com
The AEGON Insurance Group is one of the top 10 life insurance and financial services organizations in the world. The original Transamerica life insurance company was founded in 1906. With more than a century of experience, Transamerica has built a reputation on solid management, sound decisions and consumer confidence. In 1999,Transamerica was acquired by AEGON. AEGON is one of the world’s leading life insurance and pension groups. With headquarters in The Hague, the Netherlands, AEGON?s businesses serve millions of customers throughout the Americas, Europe and Asia.
Financial results, financial strength ratings and investment portfolios for Transamerica Life Insurance Company and our New York company, Transamerica Financial Life Insurance Company can be accessed at [TLIC, TFLIC]. While no company in the financial services industry is immune to the turmoil in today’s financial markets, the AEGON companies have a strong balance sheet, healthy cash flows and ample liquidity. AEGON’s business model is to sell long-term products to our customers and then to invest the premiums we receive in long-term assets.
Financial Strength Ratings
A.M. Best (20 ratings) A+ (2)
S&P (20 ratings) AA- (4)
Moody’s (21 ratings) A1 (5)
Fitch (21 ratings) A+ (5)
Weiss (16 ratings) B (5)
Comdex Ranking (Percentile) 90
Ratings as of 10/20/16
When we consider using life insurance as an investment, there are as many people in favor of it as there are opposed. Certainly, financial gurus like Dave Ramsey and Suze Orman are against life insurance for any reason other than a death benefit, but remember, while speaking out against most life insurance products, they are […]
Life insurance provides your family and loved ones with a vital financial safety net in the event of your death. But with a variety of life insurance policy options available, many people wonder exactly how to handle their policies when it comes to filing taxes. The good news is that in most cases, you do […]