COVID-19 Stimulus Bill Highlights

The CARES Act – an economic stimulus package, aims to provide relief to individuals and businesses impacted by the COVID-19 pandemic. In addition to the CARES Act, there have been other legislation passed and administrative steps aimed to provide relief. To learn more about some of the recent actions, read the summary of the bill highlights. LEARN MORE 

If you are a Transamerica retirement plan participant or have a Transamerica IRA, log in to your account to see more details about the CARES Act.

Important Resources

Whether you’re a participant, investor, employer, or financial professional, we have resources to help our partners and customers navigate these challenging times.

COVID-19 Is Your Retirement Fire Drill

The pandemic is providing all of us a practice run in retirement. Forbes Senior Contributor Joseph Coughlin elaborates inside.

The Coronavirus and Investment Strategy

Even in turbulent times, the healthy response is to maintain long-term perspective, remain calm, and stay the course.

FAQs

For Our Customers

Has Transamerica’s service been impacted by the COVID-19 Pandemic?

Transamerica is committed to serving your needs through these challenging times. Most of our customer care representatives are now working from home. In some rare instances where essential employees must come into the office, like those who handle our mail, they are practicing social distancing. During this time, we are experiencing larger than usual call volumes and some delays. So, your patience is appreciated.

How can I get a copy of my policy, or review my current coverage?

Give us a call at 1-800-797-2643 and we’ll be happy to provide you a summary of your current benefits.

What do I do if I want to talk to someone about challenges I’m facing in paying for my current policy/coverage?

Give us a call at 1-800-797-2643 and we can discuss your available options.  Or, you can reach us online by visiting the Contact Us form, choosing Individual, and answering a few short questions that will route you to the appropriate team member.

How do I talk to someone at Transamerica?

The easiest way is to call us at 1-800-797-2643. You will be asked a series of questions to get you to the right team. You can also refer to your policy or benefits package for direct access to representatives experienced on your specific product.

Will you accept my paperwork late if I can’t get to the post office and don’t have access to fax or email?

We’ll work with our customers as needed to allow leniency as to the deadlines when paperwork needs to be returned.

Will it take longer to process my forms and payments? If so, what are the new timeframes for the different lines of business?

We’re limiting customer impacts as much as possible while we all adjust to the COVID-19 emergency. Some of our business functions and processing timeframes will likely be affected, but we’re taking every step we can to get work completed as quickly as possible. We appreciate your patience.

I just received my policy. How do I return my delivery requirements?

Please use the postage paid envelope that was included in your policy packet to return those to Transamerica. Your agent or advisor will guide you through the process.

I am in the process of enrolling in a product.  Is there a way to send my documentation to you electronically?

We do have a secure email solution to help. It is available for consumers who are completing the enrollment process. You can find more information about it here. And as always, your agent or advisor can assist you with the process.

I live outside the United States. Is there any current mail disruption?

Yes. Because of the COVID-19 pandemic, the United States Postal Service (USPS) has temporarily suspended mail services to certain international destinations. For a list of specific countries, visit USPS.com. We’re required to send certain documents (statements, annual privacy notices, etc.) in printed form, so they will take longer than usual to get to you. For all other items, we’re trying to send communications electronically where possible.

For Life Insurance Policyholders

If I’m on a disability claim and can’t get to the doctor to have a continuation claim form completed, will you provide courtesy payments to me?

Your payments will continue up to your specified date of return to work indicated on the last attending physician statement. If you want payments past that date, a claims examiner will review your specific request on a claim-by-claim basis.

For Long Term Care Policyholders

Am I able to pay premiums over the phone?

Yes, we can accept premium payments over the phone. During the pandemic, we want to be as flexible as possible with our customers. You can make as many payments over the phone as necessary.

Will it take longer to process my claim forms and claim payments?

We’re limiting customer impacts as much as possible while we all adjust to the COVID-19 emergency. Some of our business functions and processing timeframes will likely be affected, but we’re taking every step we can to get work completed as quickly as possible. We appreciate your patience.

For Annuity Customers

Can I still take a withdrawal?  

Of course. Please remember some amounts may be subject to surrender charges, income taxes and additional taxes on early withdrawals. We can also help you determine if it will impact the rider benefits or rider values you have in your contract.

For Retirement Plan Participants

Where do I access my Transamerica retirement account?

You can access your Transamerica retirement account here. Once you log in, you can review your balance, contributions, portfolio allocations and account information.

Where do I find information on the CARES Act?

You can find information related to the CARES Act in the "Withdrawals" and "Loans" sections after logging in to your account.

For Employees with a Company-Sponsored Benefits Plan

Where do I access my Transamerica account information?

You can access your Transamerica employee benefits information here. Once you log in, you can review your policy.

You can find updated COVID-19 coverage information for your insurance policy here.

You can find updated COVID-19 coverage information for your insurance policy here.

For Financial Professionals

I’m a Life Insurance agent. Where do I find more information on changes in how Transamerica is processing new business or servicing policies?

If you’re looking for immediate assistance on policy statuses or outstanding requirements, please visit your agent portal or this page. Transamerica will also send periodic updates via email to our agents covering any changes due to COVID-19. For all other questions, please email or contact your normal support team.

I’m an advisor who sells Annuities. How do I keep up to date on the latest impacts of COVID and regulations?

Transamerica will send periodic updates via email, as well as post information on agent portals. For all other questions, please email or contact your normal support team.

I’m a retirement plan advisor. How do I stay updated on the CARES Act and other COVID-19 communications?

Transamerica will send important updates via email. For all other questions, contact your normal support team.

I’m an employee benefits broker. How do I stay updated on the CARES Act and other COVID-19 communications?

You can find updated COVID-19 coverage for employee benefits here. For all other questions, contact your normal support team.

For Employers and Plan Sponsors

I’m an employer or plan sponsor with a Transamerica retirement plan. How do I stay updated on the CARES Act and other COVID-19 communications?  

Transamerica will send important updates via email. For all other questions, contact your normal support team.

I’m an employer or plan sponsor with a Transamerica retirement plan. How do I stay updated on the CARES Act and other COVID-19 communications?  

Transamerica will send important updates via email. For all other questions, contact your normal support team.