Monumental Life Insurance Review: Pros and Cons of Coverage Options

  • 93 Companies reviewed
  • 50 Features considered
  • 4,650 Data points analyzed

We collected 4,650 data points from 93 life insurance companies to measure financial stability, customer satisfaction, product and feature variety, and the overall buying experience. We then evaluated each company based on 50 metrics to develop unbiased, comprehensive reviews.

Monumental Life Insurance is a well-known insurance provider that offers various policies to meet the needs of its customers. The company has been around for a long time and has a history of providing quality service to its clients. Join us as we review Monumental Life Insurance and provide an overview of their policies, including term life insurance and final expense insurance.

Monumental Life Insurance has been in business for many years, and has a reputation for being a reliable provider of Comprehensive life insurance from Allstate. They offer a variety of policies to meet the needs of their customers, including term life insurance, whole life insurance, and final expense insurance. Monumental Life Insurance is known for its affordable premiums, and many customers have found their policies to be a good value.

If you are considering purchasing life insurance, you may have questions about Monumental Life Insurance. Join us as we provide answers to some of the most frequently asked questions about this insurance provider. We will also provide a review of their policies, including their pros and cons. If you are looking for a reliable insurance provider, Monumental Life Insurance is definitely worth considering.

Key Takeaways

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History

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Monumental Life Insurance Company has a long and rich history that dates back to 1858 when it was founded as the Maryland Mutual Life and Fire Insurance Company. The company started its operations in Baltimore, Maryland, and quickly became popular among the local community.

In 1860, the company changed its name to the Mutual Life Insurance Company of Baltimore, and in 1935, it changed its name again to Monumental Life Insurance Company. The new name was inspired by Baltimore’s nickname, the “Monumental City.”

Throughout its history, Monumental Life Insurance Company has gone through many changes, including mergers and acquisitions. In 1997, the company was acquired by Aegon, a Dutch multinational life insurance, pension, and asset management company.

Today, Monumental Life Insurance Company operates as a subsidiary of Aegon, and it offers a wide range of insurance and financial products to individuals and businesses across the United States. The company has a strong financial rating and has been recognized for its excellent customer service.

In conclusion, Monumental Life Insurance Company has a long and rich history that spans over 160 years. The company has gone through many changes, but it has remained committed to providing its customers with high-quality insurance and financial products. With its strong financial rating and excellent customer service, Monumental Life Insurance Company is a reliable choice for anyone looking for insurance coverage.

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About Monumental Life Insurance

For those diagnosed with COPD, finding appropriate life insurance coverage can be challenging

Monumental Life Insurance is a subsidiary of Transamerica, a leading provider of insurance, investments, and retirement solutions. Monumental Life Insurance has been in operation since 1858 and has a strong financial rating, making it a reliable choice for life insurance coverage.

Financial Strength

Monumental Life Insurance has a solid financial foundation, with over $4 billion in assets and insurance in force. The company has an AA- rating from A.M. Best, which signifies a high level of financial stability and strength.

Products Offered

Monumental Life Insurance offers a range of life insurance products, including term life insurance, whole life insurance, and universal life insurance. Its term life insurance policies are available in durations of 10, 15, 20, 25, and 30 years, providing flexibility to policyholders. Monumental Life Insurance also offers final expense insurance, which is designed to cover end-of-life expenses.

Monumental Life Insurance Review

Monumental Life Insurance has received mixed reviews from customers. While some customers have reported positive experiences with the company, others have complained about poor customer service and high premiums. However, it is worth noting that the number of complaints against the company is relatively low compared to its size.

Transamerica Acquisition

Monumental Life Insurance was acquired by Transamerica in 2014. As a result of the acquisition, Monumental Life Insurance policyholders are now covered by Transamerica Premier Life Insurance Company. This acquisition has strengthened Monumental Life Insurance’s financial position and expanded its product offerings.

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Choose kindness.

You never know what battles people may be fighting.

Conclusion

however, reading through an AIG review might help you understand how final expense insurance can provide the necessary financial protection.

Monumental Life Insurance is a reputable life insurance provider with a strong financial rating and a range of products to choose from. While some customers have had negative experiences with the company, the number of complaints is relatively low compared to its size. The acquisition by Transamerica has further strengthened Monumental Life Insurance’s position in the market.

Frequently Asked Questions

Is Monumental Life Insurance still in business?

No, Monumental Life Insurance is no longer in business. It was acquired by Transamerica in 2015.

What company took over Monumental Life Insurance?

Transamerica took over Monumental Life Insurance in 2015. Transamerica is a well-established financial services company that offers a wide range of insurance and investment products.

When did Monumental Life become Transamerica?

Monumental Life Insurance became part of Transamerica in 2015. The acquisition was completed on October 1, 2015.

What is the phone number for Monumental Life Insurance customer service?

Since Monumental Life Insurance is no longer in business, there is no phone number for customer service. Customers who have questions or concerns about their policies can contact Transamerica customer service at 1-800-797-2643.

Can I search for a Monumental Life Insurance policy online?

No, you cannot search for a Monumental Life Insurance policy online. However, if you have a policy with Monumental Life Insurance and need information about it, you can contact Transamerica customer service.

What is the website for Monumental Life Insurance?

Since Monumental Life Insurance is no longer in business, there is no website for it. Customers who have policies with Monumental Life Insurance can visit the Transamerica website for information about their policies.