Father and daughter
Securing your today and tomorrow

Working at Transamerica has benefits


Benefits Overview

A commitment to you.

If we want to help our customers live well, we know we have to start by supporting our employees to achieve their personal ambitions for health and wealth. That's why we offer generous benefits and support to help you be secure and successful.

Health Benefits

Medical Plan

Transamerica offers a Health Savings Account (HSA) Program that focuses on high-quality health care services, healthy lifestyles, effective use of health care services and management of health care costs. The HSA Program combines a tax-advantaged savings account with traditional health coverage. The HSA Program covers 100 percent of the in-network cost for preventive care benefits.

Dental Plan

Enjoy coverage for preventive services at 100 percent, restorative and endodontic services at 80 percent, and high cost restoration and prosthetics at 50 percent. Coverage includes using any qualified dentist; however, the plan pays a higher level of benefits when you use dentists in the network.

Vision Plan

The Vision Plan provides benefits toward the cost of an annual eye exam, lenses and frames or contacts. You may use any qualified vision care provider; however, the plan pays a higher level of benefits when you use participating vision care professionals.

Health Care and Dependent Care Flexible Spending Accounts

The Health Care Flexible Spending Account and Dependent Care Flexible Spending Account allow you to pay for health care and dependent day care expenses that are not paid by other benefit plans. You set aside pre-tax dollars from your pay, and as you incur eligible expenses, you claim tax-free reimbursements from your account to pay the expenses. If you contribute to a health savings account, your Health Care FSA participation is restricted to a Limited Purpose Health Care FSA for reimbursement of qualified dental and vision care expenses.

Income Protection

Employee Life Insurance

Receive coverage equal to your basic annual earnings at no cost to you. You may purchase up to 4x your basic annual earnings, up to an additional $1,000,000.

Dependent Life Insurance

Dependent life insurance is an optional benefit you may purchase to provide life insurance coverage for your spouse and dependent children.

Accidental Death and Dismemberment (AD&D) Insurance

AD&D is an optional benefit you may purchase to provide coverage for loss of life, limb, sight, speech, hearing or for paralysis as a result of a covered accident.

Business Travel Accident

The Company provides coverage of $500,000 at no cost to you.

Short-Term Disability (STD) Program

The Company provides an STD program for qualifying non-occupational injuries and illnesses if eligible. It provides a percentage of basic earnings for a period of time based on length of service with the Company.

Long-Term Disability (LTD) Plan

Transamerica provides a benefit of 50 percent of basic monthly earnings at no cost to you. This plan provides benefits for qualifying disabilities that last more than 180 days. For an additional premium, you may elect an additional 10 percent of optional coverage, for a total benefit of 60 percent of basic monthly earnings.

Work-life Management

Paid Time Off

The Company provides employees with Paid Time Off (PTO) to use for vacation, sick and wellness time.


The Company provides 10 paid holidays per year.

Volunteer Hours

The Company is committed to supporting and encouraging employees to volunteer and provides time off from work for volunteering.

EAP Services

The Employee Assistance Plan (EAP) provides confidential counseling services at no cost to employees. EAP services provide support, referral, or professional assistance with various family, marital, work, alcohol, drug, emotional, legal or financial issues.


To help make life outside the office easier, we also offer Carebridge Life Management and Work-Life Assistance, providing help managing issues ranging from relocation and childcare, to adoption, to financial and retirement planning. After all, you matter just as much as our customers.


Since we believe health and wealth are inextricably linked, the Company encourages employees to lead a healthy lifestyle. Many locations provide employees with information, opportunities, and support to improve their health and well-being.

Flexible Work

Because happy people are helpful people, we offer flexible options for specific needs, such as flex or alternative schedules.

Parental Leave

The Company provides 10 days parental leave to eligible employees.

Tuition Reimbursement

Available to employees who wish to pursue higher education by taking job- and business-related courses at accredited colleges.

Adoption Assistance

The Company will reimburse up to a maximum of $5,000 for eligible adoption expenses.

Retirement and Savings

401(k) Profit Sharing Plan

The 401(k) Plan allows you to save up to 100 percent of your eligible earnings on a pre-tax or Roth after-tax basis, subject to IRS limits. The company matches 100 percent of the first three percent you contribute, per pay period. You have a choice of 17 investment funds, including a Schwab self-directed Personal Choice Retirement Account with additional mutual funds and other investment vehicles.

Pension Plan

Funded entirely by the Company at no cost to you, the Pension Plan provides a retirement benefit based on your years of service, eligible earnings and age at retirement. The Plan includes a Cash Balance formula, which provides employees with a retirement benefit that grows steadily over the course of one's career.

Each year, the Company credits employees with a Pay Credit based on a percentage of eligible earnings. The credit adds to your Cash Balance account. Additionally, the Cash Balance account earns an Interest Credit based on your account value as of December 31 of the prior year. The combination of each year's Pay Credit and Interest Credit make up your Cash Balance account. You are eligible after six months of employment as long as you are scheduled to work 20 hours per week. After three years of eligible service, you are 100 percent vested.

Employee Stock Purchase Plan

Employees may purchase shares of AEGON N.V. common stock through payroll deduction.