Transamerica Long Term Care Insurance

Transamerica Long Term Care Insurance

Transamerica is a member of the Aegon Group. Aegon Group is an insurance organization headquartered in The Netherlands. Transamerica offers a wide variety of financial services and products throughout the United States. Transamerica Life Insurance Company is headquartered in Cedar Rapids, Iowa.

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History

In 1906, Transamerica began as Occidental Life Insurance Company. The company was then acquired by Transamerica Corporation in 1930. Transamerica Corporation was founded by A.P. Giannini. Who prior to acquiring Occidental Life Insurance Company founded Bank of Italy, which eventually went on to become Bank of America.  The acquisition of Occidental Life Insurance Company by Transamerica Corporation established the company as a significant player in the life insurance industry.

Transamerica became a part of Aegon N.V. in July of 1999. In October of 2008, Transamerica Occidental Life Insurance Company merged with Transamerica Life Insurance Company.

Transamerica Long Term Care Insurance

Among the variety of products available from Transamerica is long term care insurance. Transamerica long term care insurance policies offer a number of different options. Long term care insurance through Transamerica is available for individuals, families, small business, association and large corporations.

Ratings of Companies Issuing Transamerica Long Term Care Insurance

In the United States, long term care insurance is issued by Transamerica Life Insurance Company. The financial strength of Transamerica (as of June 1, 2011) are:

  • A.M. Best: A+ (2nd best out of 16 categories)
  • Fitch: AA- (4th best out of 19 categories)
  • Standard & Poor’s: AA- (4th best out of 22 categories)

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See also:
John Hancock Long Term Care Insurance