State Farm vs Transamerica Life Insurance

State Farm and Transamerica are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to State Farm and Transamerica. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both State Farm and Transamerica.
    Mark W. Mullin
    All 50 States
    Cedar Rapids, Iowa

    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
    Michael L. Tipsord
    48 States
    East P.O. Box 588002 North Metro, GA 30029


  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies

Compare Other Options

1st place trophy

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy

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

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.

SOURCE Transamerica State Farm
JD Power 2/5 5/5
AM Best A+ A++
Moody's A1 Aa1
Fitch A+ N/A
Standard & Poor AA- AA
Comdex Score N/A 98
SOURCE Transamerica State Farm
Total Assets $8.63 billion $160.732 billion
Life Insurance in Force $1,018 billion $901.7 billion
Transamerica State Farm
Whole life insuranceSelect Term 10, 20, 30
Term life insuranceReturn of Premium 20, 30
Universal life insuranceMortgage Life 15, 30
Variable Universal life insuranceWhole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
Transamerica State Farm
Trendsetter SuperSelect Term 10, 20, 30
Trendsetter ExpressReturn of Premium 20, 30
Trendsetter Living BenefitsMortgage Life 15, 30
Transamerica Universal LifeWhole Life
Transamerica Premier Financial Foundation IULLimited Pay 10, 15, 20
Guaranteed Whole LifeSingle Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
Transamerica State Farm
Children’s Insurance RiderN/A
Accident Indemnity Rider
Return of Premium Rider (For 20- & 30 Year Terms)
Waiver of Premium Rider
Guaranteed Insurability Benefit Rider
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
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