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Prudential vs. Transamerica

In a side-by-side comparison, these insurers are very similar — minus their policy lineups.

Updated

Fact checked

Both Prudential and Transamerica are financially strong and offer a robust range of riders to choose from. Your decision might come down to the type of policy you’re looking for.

Life insurance products with Prudential and Transamerica

Prudential
Transamerica
Term
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Whole
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Universal
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Variable
Variable universal
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Indexed universal
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Final expense
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Survivorship
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Costs

Your premium is determined by your age, gender, occupation and lifestyle. These insurers have similar price points, with rates doubling or tripling for seniors.

If you’re a healthy nonsmoker, here’s what you might pay monthly for a $250,000, 20-year term life policy.

Gender Age
Pacific Life
Transamerica
Male 20
$24.28
$19.35
Male 30
$23.41
$17.20
Male 40
$28.87
$30.32
Male 50
$54.47
$57.83
Male 60
$158.59
$127.49
Gender Age
Pacific Life
Transamerica
Female 20
$17.50
$13.33
Female 30
$19.25
$14.62
Female 40
$23.41
$24.94
Female 50
$44.41
$47.08
Female 60
$108.28
$125.78

*Based on sample rates from Policygenius, August 2019.

Policy riders

Both insurers allow you to customize your coverage with riders. They both offer a comprehensive set of riders, and share a focus on living benefits. Prudential stands out for its estate planning and cash value options, while Transamerica offers return of premium (ROP) and decreasing coverage riders.

Prudential Riders

  • Waiver of premium rider
  • Accelerated death benefit rider
  • Accidental death benefit rider
  • Serious illness rider
  • Estate planning rider
  • Cash value rider
  • Disability income rider
  • Additional death benefit rider

Transamerica Riders

  • Waiver of premium rider
  • Estate protection rider
  • Final expense rider
  • Child and additional insured rider
  • Return of premium rider
  • Decreasing coverage rider
  • Whole life guaranteed insurability rider

Financial strength

An insurer’s financial strength points to its ability to pay out claims. Prudential and Transamerica score top ratings with the four major agencies, which means they have the funds to meet their financial obligations.

In J.D. Power’s latest life insurance study on customer satisfaction, Prudential ranked eighth of 23 insurers surveyed. Transamerica ranked 18th, which indicates there is room for improvement when it comes to customer engagement.

Prudential
Transamerica
A.M. Best A+ (Superior) A (Excellent)
Moody’s Aa3 (High quality) A1 (Good)
Standard & Poor’s AA- (Very strong) AA- (Very strong)
Fitch AA- (High quality) A+ (Very high quality)
J.D. Power 3 out of 5 circles or “about average” 2 out of 5 circles or “the rest”

Customer reviews and reputation

Prudential has an D- rating with the Better Business Bureau (BBB) for its failure to resolve complaints in a timely manner. Customers award the company 1 out of 5 stars. The BBB records 69 complaints in the past three years, most of which relate to billing issues and the claims process.

Transamerica has an A- rating, and the customers have filed 394 complaints over the past three years. Customers give the insurer a slightly better rating: 1.5 out of 5 stars.

Bottom line

These insurers are on par in terms of rates, riders and engagement — but their product lineups differ. Prudential sells survivorship and variable universal policies, while Transamerica offers whole life and final expense insurance.

To explore more options, compare life insurance companies.

Compare life insurance providers

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Prudential
18 - 75 years old
$100,000
$10,000,000
10, 15, 20, 30 years
Yes
Customize your term life insurance with a long list of life and disability riders. Get a free quote on Policygenius.
Transamerica
18 - 75 years old
$25,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on policy
Purchase a policy worth anywhere from $25,000 to $10 million, with the option to skip the medical exam. Get a free quote on Policygenius.
MassMutual
18 - 80 years old
$2,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on policy
Purchase term life insurance up to age 80 with Finder's #1 ranked company. Get a free quote from this A+ rated insurer on Policygenius.
AIG
AIG
20 - 85 years old
$5,000
$2,000,000
10, 15, 20, 25, 30, 35 years
Yes
Buy term life insurance all the way up to age 85, and choose a policy that lasts up to an incredible 35 years. Get a free quote on Policygenius.
John Hancock
18 - 65 years old
$25,000
$1,000,000
10, 15, 20 years
Depends on policy
Score a low rate on term life insurance with discounts and rewards for your healthy habits. Get a free quote on Policygenius.
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