Q:

What is Transamerica Premier Life Insurance?

A:

Quick Answer

Transamerica Premier Life Insurance Company is the new name for Monumental Life Insurance Company, which is announced on Transamerica Company's website. This name change went into effect on July 31, 2014.

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What is Transamerica Premier Life Insurance?
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Full Answer

According to Transamerica, the transition will be completed over a year. During this time policyholders may still receive correspondence referencing Monumental Life Insurance. Once complete, all correspondence will reflect the new name of Transamerica Premier Life Insurance Company. Policyholders will receive an Endorsement Certificate verifying the name change once the corresponding state approves the changes. Transamerica states that the Endorsement Certificate should be kept with the relevant insurance records for future reference.

Transamerica reiterates on its website that this name change will be a seamless process for all its policyholders. Monumental Life Insurance Company policyholders will not experience any changes to their services and support. They will not experience any service interruptions or changes to benefits or premiums. Also, policy or certificate numbers will not change. Premiums should continue to be paid to the address on the billing statement and automatic payments will continue to be processed. Transamerica also states that claims will continue to be paid and a superior customer experience provided as Transamerica Premier Life Insurance Company.

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