Is Monumental Life Insurance company still in business?
Monumental Life Insurance was rolled into Transamerica in 2014. Transamerica sells term, whole, universal, indexed universal, and final expense insurance. The company has a variety of different riders for policy customization.
Who owns Monumental Life Insurance?
The Transamerica companies are part of the worldwide group of Aegon companies. Aegon is an international life insurance, pensions and asset management company headquartered in The Hague, The Netherlands. Aegon has businesses in over 20 markets in the Americas, Europe and Asia.
Can I withdraw money from Transamerica Life Insurance?
The policy owner may access the cash value through loans or withdrawals. Both loans and withdrawals will reduce the cash value and death benefit. Loans are subject to interest charges. Under certain circumstances, there may be tax consequences in taking a loan or withdrawal.
Who bought Occidental Life?
Occidental Life is a subsidiary of The Transamerica Corporation. At year end 2001, Occidental Life had assets of $23.7 billion and $648 billion of life insurance in force.
How do you cash in life insurance before death?
Four ways to tap life insurance cash value
- Surrender the policy. You can cancel your life insurance policy entirely and receive the surrender value, which is the cash value minus any fees.
- Make a withdrawal.
- Borrow from the policy.
- Cover your premium.
How do I contact Transamerica?
(800) 797-2643Transamerica Corporation / Customer service
Is Occidental a good insurance company?
Occidental’s Financial Strength Occidental has been given a rating of A- (Excellent) by A.M. Best, the most widely recognized, independent financial rating organization of the insurance industry.
Do I get money back if I cancel my term life insurance?
If you cancel or outlive your term life insurance policy, you don’t get money back. However, if you have a “return of premium” rider and you outlive the policy, premiums will be refunded.