Banner vs Transamerica Life Insurance

  • YEAR FOUNDED
    1928
  • CURRENT CEO
    Mark W. Mullin
  • AVAILABLE
    All 50 States
  • ADDRESS
    Cedar Rapids, Iowa
  • TOP AWARDS

    Diversity Best Practices Inclusion Index

    2018 Thomson Reuters Lipper Fund Award

  • PROS
    • Financially secure
    • Competitive life insurance products
    • Variety of products available
  • CONS
    • Some insureds have complained of having to deal with third-party representatives instead of direct sales agents.
    • No BBB accreditation
  • YEAR FOUNDED
    1949
  • CURRENT CEO
    Bernard Leigh Hickman
  • AVAILABLE
    All 50 States
  • ADDRESS
    3275 Bennett Creek Avenue Frederick, MD 21704 United States
  • TOP AWARDS

    "Best Term Assurance Provider"" at the Investment Life & Pensions Moneyfacts Awards 2017

    Communitas Award for Commitment to Corporate Social Responsibility

  • PROS
    • Flexibility of payment options and term limits for each option on the policy
    • Fast-track claims
    • Electronic application
  • CONS
    • Medical exam required.
    • Strict eligibility for preferred rates.
    • Options are very limited in scope

Compare Other Options

1st place trophy
1st

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2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCETransamericaBanner
JD Power2/5N/A
BBBN/AA+
AM BestA+A+
Moody'sA1N/A
FitchA+AA-
Standard & PoorAA-AA-
Comdex ScoreN/A94
SOURCETransamericaBanner
Total Assets$8.63 billion $7.3 Billion
Life Insurance in Force$1,018 billion$658 Billion
TransamericaBanner
Whole life insuranceAPPcelerate
Term life insuranceOPTerm Life Insurance
Universal life insurance
Variable Universal life insurance
TransamericaBanner
Trendsetter SuperAPPcelerate
Trendsetter ExpressOPTerm Life Insurance
Trendsetter Living Benefits
Transamerica Universal Life
Transamerica Premier Financial Foundation IUL
Guaranteed Whole Life
TransamericaBanner
Children’s Insurance RiderDisability premium waiver
Accident Indemnity RiderConversion to permanent
Return of Premium Rider (For 20- & 30 Year Terms)Flexible payment schedule
Waiver of Premium RiderAccelerated benefit rider
Guaranteed Insurability Benefit RiderTerm laddering rider
Child Protection Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.