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Company Details
TRANSAMERICA PREMIER LIFE INSURANCE COMPANY License Status :
Inactive
NAIC Number :
66281
Phone Number:
319-355-8511
Company Address:
4333 EDGEWOOD RD NE
CEDAR RAPIDS, IA 52499
Description:
Life and Health
License Number:
A419833
Date Admitted:
2020-10-01
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2019 | Total Accident & Health | 0.09% | $60,343,667 | $60,051,694 | $47,377,440 | $48,017,751 | 79.96 % |
| 2019 | Total Individual Accident & Health | 0.29% | $55,342,825 | $55,177,838 | $43,536,265 | $44,818,321 | 81.23 % |
| 2019 | Individual Comprehensive Medical Expense | 0.00% | $96 | $96 | $0 | $0 | 0.00 % |
| 2019 | Individual Medicare Supplement | 2.17% | $55,206,925 | $55,042,768 | $43,214,925 | $44,377,127 | 80.62 % |
| 2019 | Individual Long Term Care | 0.02% | $100,791 | $99,705 | $305,234 | $420,232 | N/A |
| 2019 | Individual Specified Disease | 0.00% | $7,156 | $7,333 | $15,114 | $20,197 | N/A |
| 2019 | Individual Accident Only | 0.00% | $11,088 | $11,098 | $0 | $0 | 0.00 % |
| 2019 | Individual Disability Income | 0.00% | $3,169 | $3,255 | $0 | $-254 | -7.80 % |
| 2019 | Individual Limited Benefit | 0.01% | $13,600 | $13,583 | $992 | $1,019 | 7.50 % |
| 2019 | Total Group Accident & Health | 0.01% | $5,000,842 | $4,873,856 | $3,841,175 | $3,199,430 | 65.64 % |
| 2019 | Group Comprehensive Medical Expense - Small Employer | 0.00% | $2,193 | $2,138 | $0 | $0 | 0.00 % |
| 2019 | Group Medicare Supplement | 0.01% | $77,626 | $75,643 | $59,625 | $49,764 | 65.79 % |
| 2019 | Group Long Term Care | 0.00% | $1,316 | $1,342 | $0 | $0 | 0.00 % |
| 2019 | Group Specified Disease | 0.07% | $72,420 | $70,569 | $237,767 | $198,442 | N/A |
| 2019 | Group Accident Only | 0.25% | $920,073 | $896,565 | $1,021,432 | $852,496 | 95.08 % |
| 2019 | Group Disability Income | 0.00% | $24,298 | $23,677 | $6,012 | $5,017 | 21.19 % |
| 2019 | Group Limited Benefit | 0.55% | $3,903,057 | $3,803,336 | $2,508,617 | $2,093,713 | 55.05 % |
| 2019 | Group Short Term Credit Disability | 0.00% | $-141 | $586 | $7,722 | $-2 | -0.34 % |
| 2018 | Total Accident & Health | 0.10% | $62,830,657 | $63,194,853 | $46,143,334 | $46,962,407 | 74.31 % |
| 2018 | Total Individual Accident & Health | 0.29% | $54,174,029 | $54,560,958 | $41,864,907 | $43,028,192 | 78.86 % |
| 2018 | Individual Comprehensive Medical Expense | 0.00% | $96 | $97 | $0 | $0 | 0.00 % |
| 2018 | Individual Medicare Supplement | 2.15% | $54,016,068 | $54,403,195 | $41,662,554 | $42,506,437 | 78.13 % |
| 2018 | Individual Long Term Care | 0.02% | $117,735 | $117,582 | $201,097 | $520,523 | N/A |
| 2018 | Individual Specified Disease | 0.00% | $7,632 | $7,255 | $0 | $0 | 0.00 % |
| 2018 | Individual Accident Only | 0.00% | $11,493 | $11,633 | $0 | $0 | 0.00 % |
| 2018 | Individual Disability Income | 0.00% | $3,362 | $3,399 | $298 | $254 | 7.47 % |
| 2018 | Individual Limited Benefit | 0.01% | $17,643 | $17,797 | $958 | $978 | 5.50 % |
| 2018 | Total Group Accident & Health | 0.02% | $8,656,628 | $8,633,895 | $4,278,427 | $3,934,215 | 45.57 % |
| 2018 | Group Comprehensive Medical Expense - Small Employer | 0.00% | $2,124 | $2,118 | $0 | $0 | 0.00 % |
| 2018 | Group Medicare Supplement | 0.01% | $105,443 | $105,134 | $66,344 | $60,875 | 57.90 % |
| 2018 | Group Long Term Care | 0.00% | $1,504 | $1,512 | $0 | $517 | 34.19 % |
| 2018 | Group Specified Disease | 0.51% | $489,202 | $487,768 | $264,558 | $242,750 | 49.77 % |
| 2018 | Group Accident Only | 0.98% | $3,434,009 | $3,423,941 | $1,136,523 | $1,042,840 | 30.46 % |
| 2018 | Group Disability Income | 0.00% | $28,407 | $28,324 | $6,689 | $6,138 | 21.67 % |
| 2018 | Group Limited Benefit | 0.71% | $4,596,333 | $4,582,858 | $2,791,278 | $2,561,193 | 55.89 % |
| 2018 | Group Short Term Credit Disability | 0.00% | $-394 | $2,240 | $13,035 | $19,902 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2019 | Medicare Supplement Insurance | 6.46% | 11 | 122 |
| 2019 | Health | 0.68% | 14 | 58 |
| 2019 | Life and Annuities | 0.38% | 26 | 702 |
| 2019 | Long-Term Care Insurance | 0.05% | 0 | 0 |
| 2018 | Health | 0.73% | 14 | 50 |
| 2018 | Life and Annuities | 0.37% | 29 | 718 |
| 2018 | Long-Term Care Insurance | 0.05% | 1 | 971 |
| 2018 | Medicare Supplement Insurance | 6.45% | 11 | 118 |
Company Changes
Effective Date: 10/01/2007
Comments: Peoples Benefit Life Insurance Company merged with and into Monumental Life Insurance Company.
Effective Date: 10/01/2004
Comments: Pension Life Insurance Company merged with and into Monumental Life Insurance Company.
Effective Date: 01/01/1999
Comments: Peoples Security Life Insurance Co. merged with and into Monumental Life Insurance Co.
Effective Date: 01/01/1999
Comments: Capital Security Life Insurance Co. merged with and into Monumental Life Insurance Co.
Effective Date: 01/01/1999
Comments: Commonwealth Life Insurance Co. merged with and into Monumental Life Insurance Co.
Effective Date: 07/31/2014
Comments: Effective 07/31/14 Monumental Life Insurance Company changed its name to Transamerica Premier Life Insurance Company.
Effective Date: 10/01/2014
Comments: Effective 10/01/14 Western Reservce Life Assurance of Ohio merged with and into Transamerica Premier Life Insurance Company.
Market Conduct
Date: 06/11/2009
MonumentalLifeInsuranceCo_000.pdf
Date: 06/11/2019
Date: 09/04/2019
Date: 08/25/2021
Financial Exams
This company does not have any financial exams.