Transamerica Life Insurance Company is one of the most recognized names in American insurance, with an A (Excellent) rating from AM Best and over $400 billion in assets under management. A subsidiary of Aegon — one of the world’s largest pension and insurance companies — Transamerica offers a broad product lineup spanning fixed annuities, FIAs, variable annuities, and SPIAs, with a particularly strong presence in employer retirement plans and independent distribution channels.
This review covers Transamerica’s financial strength, annuity product lineup, and contact information.
Transamerica at a Glance
| Detail | Information |
|---|---|
| Full Legal Name | Transamerica Life Insurance Company |
| Parent Company | Aegon Ltd. (Amsterdam-listed; NYSE: AEG) |
| Headquarters | Cedar Rapids, Iowa |
| Founded | 1906 |
| AM Best Rating | A (Excellent) |
| S&P Rating | A+ (Strong) |
| Moody’s Rating | A1 |
| Total Assets Under Management | $400+ billion |
| Products Offered | Fixed Annuities, Fixed Index Annuities, Variable Annuities, SPIAs |
| States Available | All 50 states + D.C. |
| Minimum Premium | $2,500 (varies by product) |
Transamerica’s Financial Strength
Transamerica holds an A (Excellent) from AM Best and an A+ from S&P — the latter reflecting the scale and backing of its parent Aegon’s global operations. Aegon is one of the world’s largest pension and asset management companies, managing over $400 billion in assets across the United States, the Netherlands, and dozens of other countries.
The Transamerica brand has been in continuous operation since 1906, giving it over 118 years of operating history. While the AM Best A is one tier below the A+ held by carriers like MassMutual and Protective, Transamerica’s global scale and diverse revenue base provide significant institutional support for its annuity commitments.
What Types of Annuities Does Transamerica Offer?
- Multi-Year Guaranteed Annuities (MYGAs) — Transamerica’s fixed annuity products provide guaranteed credited rates across multiple terms. Available through independent agents and financial advisors.
- Fixed Index Annuities (FIAs) — Transamerica’s index annuity products offer index-linked growth with a zero-loss floor and optional income riders for retirement income planning.
- Single Premium Immediate Annuities (SPIAs) — Transamerica offers immediate income annuities for clients who want guaranteed income beginning within one year.
Transamerica also offers variable annuities for clients seeking market participation within a tax-deferred structure, and has a substantial presence in employer retirement plan products.
Transamerica Fixed Annuity and MYGA Products
Transamerica’s fixed annuity products are distributed through independent agents and financial advisors. For current rate comparisons, request a free quote from My Annuity Store.
Transamerica Fixed Index Annuity Products
Transamerica Index Series
Transamerica’s FIA products offer multiple index crediting strategies — including S&P 500 point-to-point with a cap — alongside a fixed account option. Optional income riders provide guaranteed lifetime withdrawal benefits for retirement income. Product availability and features vary by state.
Who Is Transamerica Best For?
- FIA buyers who want a nationally recognized brand with broad product variety and extensive distribution support through independent agents and advisors.
- Retirement plan participants who have accumulated assets in a Transamerica-administered employer plan and want to keep them within the Transamerica ecosystem at retirement.
- SPIA buyers looking for guaranteed immediate income from an A-rated, globally backed carrier with competitive payout rates.
- Clients who value brand familiarity — Transamerica’s iconic Pyramid building and marketing presence make it one of the most recognized insurance brands among the 55–70 age demographic.
Frequently Asked Questions About Transamerica
Is Transamerica a safe company for annuities?
Transamerica holds an A-range AM Best rating (A (Excellent)), which indicates a strong ability to meet ongoing policyholder obligations. In addition, annuity contracts are backed by your state guaranty association, which provides a secondary layer of protection typically covering $250,000 per contract. Always verify both the current rating and your state’s coverage limits.
What types of annuities does Transamerica offer?
Transamerica offers MYGAs, fixed index annuities, variable annuities, immediate annuities through independent agents and financial professionals. Product availability, rates, and features vary by state. Use our rate comparison tool to see what’s currently available from Transamerica and competing carriers.
How do I buy an annuity from Transamerica?
Transamerica annuities are sold through licensed insurance agents and financial advisors. My Annuity Store is an independent platform that can quote Transamerica alongside 20+ other carriers so you can compare rates, terms, and financial strength ratings in one place. Request a free quote or call 855-583-1104 to get started.
How Does Transamerica Compare to Other Carriers?
The annuity marketplace in 2026 is competitive, with dozens of carriers vying for your business. Before committing to any single carrier, it pays to compare at least three to five options side by side. Key factors to evaluate include:
- AM Best financial strength rating – look for A- or higher for maximum peace of mind
- Guaranteed interest rate and term – even a 0.10% difference compounds significantly over a 5- to 10-year contract
- Surrender charge schedule – understand when you can access your money penalty-free
- Free withdrawal provisions – most carriers allow 10% annual withdrawals without penalty
- Cap rates and participation rates – these determine your upside potential in a fixed index annuity
Our live rate comparison tool shows current rates from Transamerica and all competing carriers updated daily. You can also request a personalized comparison from our team.
Contact Transamerica
| Contact Method | Details |
|---|---|
| Website | www.transamerica.com |
| Customer Service | 1-800-797-2643 |
| Mailing Address | Transamerica Life Insurance Company 4333 Edgewood Road NE Cedar Rapids, IA 52499 |
| Hours | Monday–Friday, 8 a.m.–6 p.m. CT |
Compare Transamerica Against Other Carriers: My Annuity Store compares Transamerica alongside MassMutual, Athene, North American, and 20+ other top-rated carriers. Get a free comparison quote or call 855-583-1104.
Further Reading: Fixed Index Annuities
If you’re comparing Transamerica against other FIA carriers, these resources will help:
- Fixed Index Annuity Pros and Cons — A balanced look at FIA benefits and risks before you commit.
- The Drawbacks of Fixed Index Annuities — Common FIA pitfalls explained plainly.
- The 9 Best Places to Buy an Annuity Online — How to shop for FIAs from multiple carriers without a conflict of interest.
