Transamerica Phone Number:- Offering life and supplemental health insurance, investments, and retirement services. The Transamerica Corporation is an American holding company. A number of life insurance companies and investment firms with a focus on the US market. Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Exton, Pennsylvania; Harrison, New York; Johns Creek, Georgia; Plano, Texas; and St. Petersburg, Florida are the locations of the organization’s main offices. Additional affiliated offices can be found all over the United States. It turned into an autonomous subsidiary of the global corporation Aegon in 1999.
Contents
Transamerica
| Name | Transamerica |
| Founded In | 1904 |
| Founder | Amadeo Giannini |
| Phone Number | 800-797-2643 (Monday – Friday: 9 a.m. – 6 p.m.) |
| Email Address | login now to view the detail |
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History
Transamerica Phone Number: A.P. Giannini established the Bank of Italy in San Francisco in October 1904. Giannini established a holding company in October 1928 and called it the Trans-America Corporation. This company had assets exceeding $1.5 billion and held the following companies: Bank of America, Bank of Italy, Bancitaly Corporation, National Bankitaly Company, California Joint Stock Land Bank, and Banca d’America e d’Italia. The original Trans-America Corporation headquarters were located at 4 Columbus Avenue in San Francisco. Later, in 1928, the Bank of Italy amalgamated with Bank of America, Los Angeles, which subsequently changed its name to Bank of America in 1930.
Transamerica purchased the 1906-founded Occidental Life Insurance Company in March 1930. Occidental had more than $150 million in active life insurance policies and over $25 million in assets at the time. Giannini stated that the acquisition of the life insurance business situated on the West Coast was a component of Transamerica’s strategy to seize control over all financial services. Transamerica Occidental Life Insurance Company was the new name of Occidental after the acquisition.
With time, the business expanded into a more diverse conglomerate that included Budget Rent a Car. Transamerica Airlines, and United Artists, a distributor of motion pictures.
Pros and Cons
Pros
Over a century of experience in the field of insurance. Provides annuities, mutual funds, retirement plans, and various types of life insurance. high ratings from the BBB and A.M. Best. strong financial position.
Cons
Not recognised by the BBB. extremely high number of BBB complaints lodged against the carrier. Lots of negative feedback from customers. There is no website that provides access to information about claims. Transamerica has been a longtime supporter of it. It’s time to update the official website. No round-the-clock phone reporting of claims. restricted options for coverage.
Networth
| Transamerica Corporation | Networth |
|---|---|
| Transamerica Corporation Networth 2023 | 15 Million |
| Transamerica Corporation Networth 2022 | 13.5 Million |
| Transamerica Corporation Networth 2021 | 12 Million |
| Transamerica Corporation Networth 2020 | 10.5 Million |
| Transamerica Corporation Networth 2019 | 8.98 Million |
The net worth of Transamerica Corporation, as shown above, is determined using a variety of social factors. Please use it only as a guide; Transamerica Corporation’s actual revenue may differ significantly from the sum indicated above.
Goods and Services
Transamerica’s main products and services are financial and insurance. Term life, whole life, universal life, variable universal life, accidental death, Medicare supplement, and long-term care insurance are among the various types of life and health insurance policies available. An assortment of mutual funds and annuities are also provided by Transamerican companies. Just in California, Transamerica employs more than 15,000 licenced insurance agents.
The retirement division of Transamerica provides defined benefit pension plans as well as defined contribution plans. These plans include rollover individual retirement accounts, profit sharing, money purchase, cash balance, multiple employer plans, Taft-Hartley, 403(b), and 401(k). Additional services include participant communications and education, open investment architecture, fiduciary risk mitigation, plan-level record-keeping and administrative services, compliance advice, and regulatory support.
Transamerica declared in December 2020 that it was pulling out of the stand-alone long-term care market and would no longer offer fixed index annuities or variable annuities with benefit riders.
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FAQs about Transamerica Phone Number
Q. What about the CEO of Transamerica Corporation?
Ans. Will Fuller, CEO of Transamerica Corporation (Mar 31, 2021).
Q. What about the founding of Transamerica Corporation?
Ans.Founded in San Francisco, California on October 11, 1928, Transamerica Corporation
Q. What about the founder of Transamerica Corporation?
Ans. Founder of Transamerica Corporation: Amadeo Giannini.
Q. What about the corporate office of Transamerica Corporation?
Ans. Headquarters of Transamerica Corporation: Cedar Rapids, Iowa.
Q. Are Bank of America and Transamerica connected?
Ans. The Transamerica Pyramid in San Francisco houses the headquarters. The Dutch insurance provider Aegon NV purchased Transamerica in July 1999. Initially founded in 1928 as the parent company of Bank of America, the company’s primary business for many years was banking.
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