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    Ask the Community - Insurance Gurus

    Transamerica

    Transamerica

    (18 reviews)

    Buyer beware! 15…read moreyears ago we signed up with Transamerica life Insurance Company for a 15 year policy. Everything went smoothly and the policy was pretty inexpensive per month. Two months ago, in April, the Company sent a policy increase letter to my old address, Thankfully on May 12 I received it at my current address. I called immediately because the new policy was jumping up from $60-$422. We weren't going to pay that much a month as the economy is so poor and my husband and myself are preparing for retirement. I spoke with the associate and he explained that the policy was up and it was about to increase. I told him to please cancel the policy. He ,then, provided me with an email where I could send the surrender letter. I sent all the surrender pages signed back to that specific email within an hour from the time we spoke. About three weeks later, I receive a letter requesting for me to please pay $1256.46. I called again and to find out why the payments were not stopped and the cancellation did not go through? The associate then told me that they did not receive my surrender page that I had emailed to them. Thankfully, I had received an automatic response saying that they had received the information. She, then, proceeded to give me a completely different email address to send the surrender page to them. Go figure! Thank God I had those payments stopped with my bank or right now I would potentially be out of $500 or more. This is bad business!

    This is the worst company I've had any dealings with in my 62 years…read more Just try to receive a death claim without weeks of delays, inconsistent stories, and apparent untruths. That is, if you receive it at all. I've filed a complaint with the state attorney generals office where the policy was sold to my now deceased mother. We'll see what happens. JL 3/13/2026​​

    Insurance Gurus - autoinsurance - Updated July 2026

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