Retirement and life insurance sit side by side at Transamerica, which pairs individual coverage with one of the larger workplace retirement businesses in the country, serving 401(k) and 403(b) plan sponsors alongside policyholders. Product lines run through term, universal, indexed universal, and whole life, fixed, indexed and variable annuities, and supplemental health products such as accident, critical illness, and hospital indemnity. Tracing to 1904 and operating today as the U.S. arm of Aegon Ltd., the company writes primarily through Transamerica Life Insurance Company in Cedar Rapids, Iowa and Transamerica Financial Life Insurance Company in New York. AM Best affirmed an A (Excellent) financial strength rating for both entities, with a stable outlook.
