As reported in the August Issue of the Insurance Journal, S&P recently improved its counter-party credit and financial strength ratings for Transamerica Life Canada from “BBB” to “BBB+.” The outlook as an insurance company is positive as of now.
Similarly, in July, AM Best changed Transamerica Life Canada to positive from stable and affirmed the financial strength rating of B++, which equates to “Good”. AM Best also reclassed the prospects to positive from negative and confirmed the insurer’s credit rating at BBB+. More good news for Transamerica clients and prospective customers, Transamerica Life has slashed its term plan prices from September 20.
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