Monumental Life Insurance Company, a Transamerica Company, is changing its name to become Transamerica Premier Life Insurance Company. We will continue to provide the service and support you’ve come to expect from Monumental Life.
At Transamerica, we make better tomorrows in every community we serve and every relationship we share. We help families make better financial futures and help them prepare for the unexpected. We have been building a strong reputation on solid management, sound decisions and consumer confidence for over 100 years.
Over the next year, Monumental will transition to its new name. In the meantime, you may continue to receive correspondence referencing Monumental Life Insurance Company. Once the transition is complete, communications pertaining to policies or certificates will be from Transamerica Premier Life Insurance Company.
It’s the same company, just with a different name, so your policy or certificate number will not change.
If you received an Endorsement Certificate that verifies the name change please keep the Endorsement with your insurance records for your future reference. If you haven’t received it yet, we’ll send it out when your state approves the changes.
Payments on your existing premiums should be returned to the address indicated on your billing statement. Automatic payments will continue to process as usual.
The exact dates vary by administrator and in some cases by state, but these changes are targeted for 2014. During the transition period, you may still receive some correspondence referring to Monumental Life Insurance Company. Once the transition is complete, all correspondence will have the new Transamerica Premier Life Insurance Company name.
No, you will not receive new policies or certificates. Your policy number or certificate numbers will not change.
Transamerica Premier Life Insurance Company is the same company but with a different name, so the services and support you’ve become accustomed to won’t change. We will continue to collect premiums, pay claims and provide superior customer experience. However, you may continue to receive billing statements and other correspondence under the Monumental name until the transition is complete.
Our goal is to ensure as seamless as possible transition for all our customers. Even though we will have a new name, nothing will change with respect to your policies or certificates, coverage or the manner in which you work with us as a result of the new name.
No, the name change will not affect your benefits.
No, the name change will not affect your premiums.