Transamerica offers very affordable term life insurance coverage and has a long history of financial strength and reliability, which helps the company stand out as the best value in life insurance in our review.
- Premiums for term life insurance represent a significant value
- Strong ratings for financial strength
- Must speak with an agent to get a quote for some products
While Transamerica may not be a household name, this company has been around since 1904 and boasts solid ratings for financial strength, including an A rating with AM Best and an A+ rating with S&P Global.78 Transamerica scored well below average in the J.D. Power 2021 U.S. Life Insurance Study.6
Transamerica also offers a broad selection of life insurance coverage including term policies, whole life insurance, universal life insurance, index universal life insurance, and final expense life insurance.
Transamerica has you speak to an agent in order to get a quote for most of its life insurance products. However, you can get quotes for term life online. Its premiums for term coverage tend to be an excellent value. To learn more about Transamerica Life Insurance, check out our full review below.