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monumental life agent portal

by Prof. Shad Kovacek Published 10 months ago Updated 4 months ago
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Why monumental life insurance company?

For over 150 years, Monumental Life Insurance Company has been providing quality life insurance products to American citizens, proving commitment to the clients and communities it serves since 1858. The company is licensed to supply insurance products and services in all states except New York.

What was the original name of monumental life?

Its original domicile was under the name Maryland Mutual Life and Fire Insurance Company of Baltimore. In 1989, Monumental Life was included in the formation as holding company for AEGON U.S. operations.

How do I contact monumental?

No matter your question or concern, Monumental is here to help. Call us toll-free at1 – 800 – 638 – 8030, find your local office, or e–mail usregarding a particular topic. Our FAQoften answers basic questions, too. COMMUNITY SERVICE

What are the ratings for monumental life?

The A.M. Best Company provided a rating of A+ or superior for Monumental Life, while Moody’s Investors Service gave a rating of A1 or good. Fitch Ratings and Standard & Poor’s ratings for Monumental Life is AA- or very strong. These reflect the current opinion of the relative financial strength and operating performance of Monumental Life.

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Is Monumental life now Transamerica?

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. Transamerica is the eighth-largest life insurance provider in the country.

How do I check my Transamerica account?

If you have an online account, please have your login information available. Call us at 800-755-5801. Transamerica VoicePass can provide security and convenience without having to remember a password when you call. VoicePass will identify you based on YOUR stored voiceprint which is as unique as your fingerprint.

Who bought monumental life?

Recently, Monumental Life was integrated into the Transamerica Agency Network, Inc. This was formed by uniting the agents of Monumental Insurance Company and Life Investors Financial Group, Inc. Even with this merger, the reps of Monumental Life offer the same coverage and policies to their customers.

Can I cash out my Transamerica?

Cash out your retirement plan You will lose the opportunity for tax-advantaged growth and compounding. You could be subject to a 10% federal tax penalty (if you cash out before age 59½).

How can I check my 401k balance online?

You can find your 401(k) balance by logging into your 401(k) plans online portal and check how your 401(k) is performing. If you don't have access to your account online, contact your HR department and make sure your quarterly statements are being sent to the correct address.

Does Transamerica have an app?

Available to the public free of charge, Transamerica's is compatible with the iPad, iPhone, and Android tablets and phones.

How do I contact Transamerica?

(800) 797-2643Transamerica Corporation / Customer service

What happened to Transamerica?

In 1999, Transamerica was acquired by the Aegon Group, one of the world's leading providers of life insurance, pensions, and asset management. Aegon's almost 22,200 employees support more than 30 million customers worldwide.

Is Transamerica trustworthy?

Transamerica also has an above-average number of customer complaints, according to the National Association of Insurance Commissioners (NAIC). The baseline number of complaints is 1.00, while Transamerica received a rating of 2.21 for its individual life insurance products.

Can I get my money back from Transamerica Life Insurance?

He or she receives the full protection of a term life insurance policy, or, if the insured outlives the 30-year level premium period, he or she will receive a refund of cumulative eligible premiums* paid at the end of that 30-year period — income tax-free!

How long does it take to get a check from Transamerica?

Please allow up to 3 weeks to receive a check for the loan amount you requested from your Policy/Certificate. *Only Policies/Certificates with a Cash Value can be borrowed against.

How long does it take to get a withdrawal from Transamerica?

5-7 business daysHow do I make a hardship withdrawal? If your plan permits hardship withdrawals, contact the plan administrator at your company for a Hardship Request form. Once your plan administrator has submitted the completed form to Transamerica, it should take 5-7 business days to process.

How do I get a statement from Transamerica?

For convenient e-statement notification just visit www.TA-Retirement.com and select Statements in Communication Preferences under Personal Profile. Lists your account balances for the statement period and year to date.

What is a vested balance?

A vested account balance is the portion of a retirement plan account owned by the participant. A vested account balance equals the vesting percentage multiplied by the account balance. A vested account balance can equal the account balance only if the vesting percentage is 100%.

How do I contact Transamerica?

(800) 797-2643Transamerica Corporation / Customer service

How long does it take to get a check from Transamerica?

A check will be generated within two days after the loan is processed. Transamerica will mail the loan paperwork (the Loan Note and Security Agreement, Amortization Schedule and Withdrawal Confirmation) and the loan check to the plan sponsor.

Taking care of clients is our tradition

Take a look at our 60-year history of helping families like yours find financial peace of mind.

For the people who matter most

There’s nothing more important than the communities we serve. See how our producers are giving back in ways that matter.

What is Monumental Life?

Monumental Life was the first life insurance company in Maryland. Its original domicile was under the name Maryland Mutual Life and Fire Insurance Company of Baltimore. In 1989, Monumental Life was included in the formation as holding company for AEGON U.S. operations. The company was merged with People’s Benefit Life Insurance Company ...

When did Monumental Life merge with People's Benefit?

The company was merged with People’s Benefit Life Insurance Company and moved its legal office state from Maryland to Iowa in 2007. As of December 31, 2009, Monumental Life has $71 billion of insurance in force, with $34,727 million in assets and $1,508 million in shareholders’ equity.

What is Monumental Life Insurance?

Monumental Life Insurance Company, which rebranded under the Transamerica umbrella several years ago, offers eight life insurance policies, including guaranteed final expense coverage, and a long list of riders. The company has excellent financial strength, but it also has a high number of complaints.

Where is Transamerica Life Insurance sold?

Transamerica life insurance policies are sold in all 50 states and Washington, D.C. , but the underwriting company depends on where you live. Transamerica Life Insurance Company underwrites policies in every state except New York.

Is Monumental Life Insurance part of Transamerica?

In 2014, Monumental Life Insurance, part of the Transamerica Corporation, changed its name to Transamerica Premier Life Insurance Company. From that year on, Transamerica took over existing Monumental Life Insurance policies. Iowa-based Transamerica, which was founded in 1904, is one of the largest life insurance companies on the market.

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