National Life Group vs Transamerica
National Life Group and Transamerica are both reliable insurers. The biggest difference between the two companies are their life insurance offerings. Both offer whole, universal, indexed universal, and term life insurance. National Life Group also offers variable universal life insurance. Transamerica offers final expense insurance. If you're considering National Life Group, you should be aware that it is undergoing a class action lawsuit for alleged involvement in a pyramid scheme with Premier Financial Group.
Overview
National Life Group
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Transamerica
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Ratings
National Life Group
Transamerica
Reviews
National Life Group
Reviews
Transamerica
Reviews for National Life Group
Helpful Favorable Review
Rickson Amorim
March 8th, 2024
DETAILS
I have been a client for 8 years now and I have an IUL that’s performing incredibly amazing. I’m very satisfied because I never had the stomach to market fluctuations and risk. This product will guarantee my retirement and it is Tax Free! After my family and I watched the documentary The Power of Zero, this strategy started to make sense for all of us. And NLG is a leading company on this product. Overall we are super happy. Thank you National Life Group.
Helpful Critical Review
Vitola Chirris
September 6th, 2024
This. Company. Us. Sucks. Sorry. To be. Honest. They. Bake. Change. On the. Policy’s. With out permission. Of the customers ?? Pay atención guys. You. Can’t. Make change until. Ask. To the. Customers. You. Don’t like. Any company. Decide. For. You. Right ?? Do. Plea. Don’t do it. Again. Atte..victor. Gonzalez.
Reviews for Transamerica
Helpful Favorable Review
Samarra Miller
December 30th, 2021
Fort Lauderdale, FL
Review Source
I kept getting a letter in the mail about this company I decided to reach out to them to see how their rates were the young lady that I spoke with on the phone she didn't know that the answers I was asking however she went out her way to find the answers for me I can say they do have great customer service TransAmerica
Helpful Critical Review
That1Family
September 28th, 2022
Friendswood, TX
DETAILS
Anytime I need to do a withdraw they give me problems. I always have to fax them paperwork multiple times because they “ don’t receive it”. I’m pulling all my investments out and moving to a more reliable company.
The Final Word
National Life Group has earned high financial strength ratings and has stood the test of time, which indicate the insurer's financial stability and ability to meet its claims obligations. It has a nice selection of insurance policies. If you're looking for permanent or term life insurance, you can find good options from National Life Group.
National Life Group also offers an accelerated death benefit, which allows you to receive part of the death benefit early if you have a qualifying terminal illness, chronic illness, or critical injury.
Before you buy a policy from National Life Group, be aware that it's undergoing a class action lawsuit because its life insurance policies were allegedly being sold as part of a pyramid scheme by Premier Financial Group.
Similar to National Life Group, Transamerica has stood the test of time and earned high financial strength ratings. You can be as confident that Transamerica will meet its claims obligations as in National Life Group.
Transamerica also offers the same kind of policies as National Life Group. The only difference is that Transamerica does not offer variable life insurance and does offer final expense insurance. Final expense insurance is a kind of permanent life insurance that offers a smaller amount of coverage designed to help pay for funeral and other final expenses. If final expense insurance meets your life insurance needs, it's worth learning more about Transamerica's final expense policies.
Transamerica's website offers limited information on riders available with its policies. For more information, you'll need to work with Transamerica directly.
Both Transamerica and National Life Group are good options to consider when choosing a life insurer. If you're interested in a variable universal life policy, you'll want to learn more about National Life Group. If a final expense policy is a good fit, Transamerica is a good option. If you're considering purchasing life insurance from National Life Group, learn more about its class action lawsuit.
