Transamerica Corporation

AM Best Affirms Credit Ratings of Aegon N.V.’s U.S. Subsidiaries

Retrieved on:

Thursday, November 3, 2022

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon N.V. (Netherlands) [NYSE: AEG].

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon N.V. (Netherlands) [NYSE: AEG].
The ratings reflect Aegon USAs balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Around the World in 20 Recipes: Healthy Dishes to Bring People Together

Retrieved on:

Thursday, October 27, 2022

LOS ANGELES, Oct. 27, 2022 /PRNewswire/ -- More than one in 10 Americans (13 percent) are planning to live to age 100 years or older, but relatively few are taking adequate steps to protect their health, according to a recent survey.1 To help support people's health and longevity, nonprofit Transamerica Institute® has published a new cookbook, Healthier Traditions Cookbook: Around the World, as part of its Healthier Traditions Cookbook™ series.

Key Points:

One way to promote health and bring people together is through delicious, nutritious food," said Catherine Collinson , CEO and president of Transamerica Institute.
Healthier Traditions Cookbook: Around the World features recipes inspired by traditional dishes from 19 countries spanning six continents, offering flavorful dishes like Australia's sweet Pavlova, Korea's savory Japchae, and Cuba's classic Picadillo.
This cookbook encourages people of all culinary skill levels to learn about how others eat around the world.
"Our eating habits are shaped by many factors, including personal beliefs, cultural backgrounds, lifestyle, dietary preferences, health conditions, availability and access.

Transamerica Introduces Workplace Universal Life Insurance Designed to Sustain Families Through Life and Death

Retrieved on:

Tuesday, October 18, 2022

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"These Transamerica Universal Life InsuranceSMpolicies aredesigned to financially help workers and their families during periods of chronic illness.

Key Points:

"These Transamerica Universal Life InsuranceSMpolicies aredesigned to financially help workers and their families during periods of chronic illness.
Transamerica Universal Life Insurancemeets the changing needs of employees with a modernized, portable policy that they can keep for life.
Key benefits of Transamerica Universal Life Insurance include:
Available with Transamerica Universal Life Insurance are three optional riders designed to add value by providing benefits for living policyholders and maintaining the value of the original death benefit.
The availability of Transamerica Universal Life Insurance follows recent announcements on new and modernized employee benefits offered to employers and their employees.

NFP Welcomes Angel Palumbo and Marcelino Pina to its National Claims Service Practice

Retrieved on:

Thursday, October 13, 2022

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NEW YORK, Oct. 13, 2022 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced Angel Palumbo and Marcelino Pina have joined its National Claims Service practice as vice presidents. As national claims leaders, they will serve as the principal contacts between clients, carriers, third-party administrators (TPAs) and NFP. They will also assist large, national clients in creating, implementing, and refining overall claims programs and developing customized goals and service strategies. Both Palumbo and Pina will report to Jeff Stagg, service practice leader, National Claims.

Key Points:

New hires bring decades of experience developing customized service strategies for large, national clients to improve their commercial claims process
NEW YORK, Oct. 13, 2022 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced Angel Palumbo and Marcelino Pina have joined its National Claims Service practice as vice presidents.
As national claims leaders, they will serve as the principal contacts between clients, carriers, third-party administrators (TPAs) and NFP.
They will also assist large, national clients in creating, implementing, and refining overall claims programs and developing customized goals and service strategies.
Both Palumbo and Pina will report to Jeff Stagg, service practice leader, National Claims.

Four Generations of Workers Are Preparing for Retirement Amid an Uncertain Future

Retrieved on:

Wednesday, October 12, 2022

LOS ANGELES, Oct. 12, 2022 /PRNewswire/ -- Seventy-six percent of workers say their life priorities changed as a result of the pandemic, and 56 percent cite saving for retirement as a financial priority, according to Emerging From the COVID-19 Pandemic: Four Generations Prepare for Retirement, a survey report released today by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®.

Key Points:

"Despite an unclear future, workers of all ages are envisioning and saving for an active and purposeful retirement but are they adequately preparing?"
Forty percent of Baby Boomer workers expect Social Security to be their primary source of retirement income.
Baby Boomer workers have saved $162,000 (estimated median) in total household retirement accounts but only $15,000 (median) in emergency savings.
"As we look toward the future, a future in which all Americans can retire with dignity, policymakers must take center stage in orchestrating ways to strengthen the retirement system for current and future generations.

AIMS Colorado Conference to Usher in a New Era of Age-Friendly Employers

Retrieved on:

Friday, September 23, 2022

DENVER, Sept. 22, 2022 /PRNewswire/ -- Today, there are five generations in Colorado's workforce. Twenty-three percent of the state's total employment is people aged 55 and older, according to the Colorado State Demography Office. This trend presents a tremendous opportunity for employers to develop and implement programs that address the multigenerational workforce and workers' changing needs.

Key Points:

Twenty-three percent of the state's total employment is people aged 55 and older, according to the Colorado State Demography Office.
AIMS Colorado is a multi-year project dedicated to transforming the way employers shape the future of aging in Colorado, by addressing how they meet the needs and preferences of experienced employees (i.e., older workers).
On Wednesday, September 28, 2022, AIMS Colorado is hosting a free conference at the History Colorado Center in Denver and online via livestream.
It will feature Colorado leaders and nationally recognized experts as well as employers who have participated in AIMS Coloradoand adopted best practices.

Adapting to Post-Pandemic Realities: How Employers Can Do More to Support Their Employees

Retrieved on:

Tuesday, August 16, 2022

LOS ANGELES, Aug. 16, 2022 /PRNewswire/ -- Eighty-one percent of employers feel responsible for helping employees maintain their long-term health and well-being, 72 percent cite one or more major concerns about employees' mental health, and 47 percent have found it difficult to recruit new employees, according to Emerging From the COVID-19 Pandemic: The Employer's Perspective, a new survey report from nonprofit Transamerica Institute® and its Transamerica Center for Retirement Studies® (TCRS).

Key Points:

However, they can be doing even more to support their employees," said Catherine Collinson , CEO and president of Transamerica Institute and TCRS.
Emerging From the COVID-19 Pandemic: The Employer's Perspective examines the impacts of the pandemic on employers and their health and welfare benefits, retirement benefits, and business practices.
Almost two-thirds of employers (64 percent) believe health insurance, retirement benefits, and/or other benefits to be very important in their ability to attract and retain employees.
"As employers evaluate their benefits offering, they have an opportunity to further support the physical and mental health and the financial well-being of their employees," said Collinson.

The Road Ahead: Addressing Pandemic-Related Setbacks and Strengthening the U.S. Retirement System

Retrieved on:

Tuesday, June 28, 2022

LOS ANGELES, June 28, 2022 /PRNewswire/ -- Fewer than three in 10 workers (29 percent) "strongly agree" they are building a large enough retirement nest egg, according to Emerging From the COVID-19 Pandemic: The Retirement Outlook of the Workforce, a survey report released today by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®.

Key Points:

In addition, the study illustrates the urgent need for strengthening the U.S. retirement system and outlines recommendations for doing so.
"Employed workers are generally well-positioned to save, invest, and prepare for retirement.
They enjoy a steady income and are often offered employer-sponsored retirement benefits such as a 401(k) or similar plan that makes saving and investing easier.
"As we emerge from the pandemic, we face an urgent need to strengthen our retirement system so that everyone can retire with dignity.

Transamerica Enhances Coverage Within Its Workplace Supplemental Health Benefits Suite

Retrieved on:

Monday, June 27, 2022

BALTIMORE, June 27, 2022 /PRNewswire/ -- Transamerica announced today the expansion of its workplace benefits offerings with refreshed supplemental Transamerica Accident InsuranceSM and Transamerica Critical Illness InsuranceSM policies available for employers to offer employees.

Key Points:

BALTIMORE, June 27, 2022 /PRNewswire/ -- Transamerica announced today the expansion of its workplace benefits offerings with refreshed supplemental Transamerica Accident InsuranceSM and Transamerica Critical Illness InsuranceSM policies available for employers to offer employees.
New benefits include:
An organized sports benefit rider that pays an additional percentage of total benefits, making this policy ideal for active families.
Mental health benefits that allow up to five annual mental health visits with a psychiatrist or psychologist at up to $150 per visit.
"Transamerica recognizes the need for protection that goes beyond common conditions," said John Stanley, Senior Managing Director of Employee Benefits at Transamerica.

Transamerica Structured Index Advantage Annuity Offers Investors More Certainty with Upside Growth and Downside Protection

Retrieved on:

Monday, May 16, 2022

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The Transamerica Structured Index Advantage Annuity offers financial professionals and investors the flexibility to choose from unique and simple crediting strategies that are designed to help investors meet their individual needs.

Key Points:

The Transamerica Structured Index Advantage Annuity offers financial professionals and investors the flexibility to choose from unique and simple crediting strategies that are designed to help investors meet their individual needs.
"The Transamerica Structured Index Advantage Annuity gives investors the ability to create more certainty when investing during uncertain times," said Jamie Ohl, President of Transamerica's Individual Solutions division.
The Transamerica Structured Index Advantage Annuity can create more confidence for investors by easing some of their concerns about investment timing and future market performance.
The Transamerica Structured Index Advantage Annuity is a tax-deferred annuity that enables investors to accumulate potential earnings for the future.