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Transamerica Life Insurance Company:What's it like to work here?

United States Industry Insurance
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Reviews for Transamerica Life Insurance Company

Review factors

Feel-Good Factor

Company Culture
3.11
Support from management
3.08
Teamwork
3.42
Freedom to work independently
3.44
Internal Communication
2.81
Office / Work Environment
3.59
Environmental Friendliness
3.29
Work-Life Balance
3.27
Challenging Work
3.60
Inclusive / Diverse
3.50

Career factor

Gender Equality
3.62
Attitude towards older colleagues
3.69
Career Development
3.03
Overall compensation for your work
2.94
Company Image
3.25
Job Security
2.39
Handicapped Accessibility
3.76
Workplace Safety
3.71
Benefits

The following benefits are offered

Flex. working hours in 14 of 38 reviews Parking in 23 of 38 reviews Easy access to public transportation in 9 of 38 reviews Stock or equity options in 7 of 38 reviews 401(k) in 24 of 38 reviews Onsite daycare facility in 3 of 38 reviews Reimbursed daycare in 1 of 38 reviews Ability to work remotely in 20 of 38 reviews Desirable office location in 9 of 38 reviews Tuition assistance in 21 of 38 reviews Paid Parental Leave in 18 of 38 reviews 401(k) Match in 22 of 38 reviews Flexible spending account in 19 of 38 reviews Paid time off in 26 of 38 reviews Healthcare (including vision and dental) in 26 of 38 reviews No relocation allowance Life insurance in 26 of 38 reviews

The following perks are offered

On site cafeteria in 21 of 38 reviews Free (company provided) Meals in 5 of 38 reviews Health and wellness programs in 21 of 38 reviews Employee discounts in 13 of 38 reviews Vehicle allowance in 1 of 38 reviews Employee events in 15 of 38 reviews No dogs allowed Fitness center on site in 18 of 38 reviews Free Snacks/Drinks in 4 of 38 reviews
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Reviews

Company Culture

Stability is lacking as the company is in transition to outsourcing most of their inforce operations to a third party. Due to such actions being very limited on who was informed the culture has gotten more closed off. It is very hard to understand where you stand as departments are being sold off. If you have a supervisor who is very honest, you will be able to guage where you stand but otherwise you are in the dark.

Support from management

As managers leave due to duplicate positions or transfering to new companies, it is hard to depend on stability of a constant supervisor remaining the same.

Teamwork

Due to the change in culture, this is not a strong point. As the population of people which are currently still hired to monitor policies is getting smaller due to multiple companies being hired, employees are more focused on maintaining their current job.

Freedom to work independently

As this company is transitioning work which requires independent though and ideas is removed so this is not a valid anymore.

Internal Communication

Previously this would have been ranked higher but due to selling to third party admins without warning before it appeared in the newspaper this is no longer a strong point.

Attitude towards older colleagues

This could be me not fully understanding what equal opportunities is but most employees who were over a certain age and years given when the first TPA was hired were given early retirement or laid off, this was not based on which departments they worked in. Being given these choices based solely on years worked and age does not seem like they were treated fairly as they were not given the option to switch over to either TPA hired.

Career Development

Company is still in transition so once settled and fully functional with both TPAs will present itself with more.

Overall compensation for your work

With all the changes and adjustments to smaller and smaller teams, the amount of emotional stress does not cover the amount of my salary.

Company Image

I really dislike how the situation occured with the changes done within the company and being such a small team left, I do not feel comfortable in my position. I am not proud to work as I am worried I will either be sold or not employeed in the next year or so.

Job Security

As they rebrand and change there is no guarantee they wont decide to sell of the rest of their business.

Challenging Work

Most work handled requires research and communication between corrperations which will be limited in the future.

Suggestions for improvement

  • Please be more open about communication. We are still here because we believe in this company and its future, please share with us so we feels like we are part of the larger picture again.

What I like about the company

I met my favorite supervisor at this job and still keep in touch with them after they were laid off. In the beginning I learned a lot and was given a lot of freedom to work on projects but as the company is changing, this is not occurring. We do have work from home option available which is nice.

What I dislike about the company

Once the adjustments stop, the company will be a better place to work at but currently the silence is not helping current employees feel comfortable or stable. It is hard to feel proud and part of a larger goal when most of our time is spent wondering if another TPA is going to be introduced. The overall culture is still broken and needs to be addressed, to act like everything is great is making us feel like we are being handled as children. We are grateful to still be employed and want to be excited for the future of the company but with no clear communication, it gets frustrating. Please trust us to understand and want a better future overall, open communication about changes, ideas of where the future looks like, and even just acknowledging that it is a scary time would helps us feel like we are part of the team again.

Company Culture
1.00
Support from management
3.00
Teamwork
1.00
Freedom to work independently
1.00
Internal Communication
1.00
Gender Equality
4.00
Attitude towards older colleagues
2.00
Career Development
2.00
Overall compensation for your work
1.00
Office / Work Environment
3.00
Environmental Friendliness
3.00
Work-Life Balance
1.00
Company Image
1.00
Job Security
1.00
Handicapped Accessibility
4.00
Workplace Safety
2.00
Challenging Work
3.00
Inclusive / Diverse
4.00

The following benefits were offered to me

Parking is offered 401(k) is offered Ability to work remotely is offered Tuition assistance is offered Paid Parental Leave is offered 401(k) Match is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Transamerica Life Insurance Company
  • City
    Saint Petersburg
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

On site cafeteria is offered Employee discounts is offered Employee events is offered Fitness center on site is offered
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  • 17.Mar 2019
  • Employee

Suggestions for improvement

  • Focus not only on making money but making employees happy

What I like about the company

Great teamates. Yearly bonus and pay increase. Work from home full time. No travel or clothing expense

What I dislike about the company

Years ago it was much more mindset of have fun at work. Not so much anymore. Many fun activities have stopped

Company Culture
4.00
Support from management
3.00
Teamwork
5.00
Freedom to work independently
5.00
Internal Communication
5.00
Gender Equality
5.00
Attitude towards older colleagues
4.00
Career Development
4.00
Overall compensation for your work
4.00
Office / Work Environment
5.00
Environmental Friendliness
5.00
Work-Life Balance
5.00
Company Image
5.00
Job Security
5.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
4.00
Inclusive / Diverse
4.00

The following benefits were offered to me

Parking is offered Stock or equity options is offered 401(k) is offered Onsite daycare facility is offered Ability to work remotely is offered Tuition assistance is offered Paid Parental Leave is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Transamerica Advisors Life Insurance Company
  • City
    Cedar Rapids
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

On site cafeteria is offered Health and wellness programs is offered Employee discounts is offered Employee events is offered Fitness center on site is offered
  • 19.Nov 2018
  • Employee

Suggestions for improvement

  • Complete change

What I like about the company

Working from home

What I dislike about the company

Too many to name.

Company Culture
1.00
Support from management
1.00
Teamwork
1.00
Freedom to work independently
2.00
Internal Communication
1.00
Gender Equality
1.00
Attitude towards older colleagues
4.00
Career Development
1.00
Overall compensation for your work
1.00
Office / Work Environment
1.00
Environmental Friendliness
1.00
Work-Life Balance
5.00
Company Image
1.00
Job Security
1.00
Handicapped Accessibility
3.00
Workplace Safety
3.00
Challenging Work
1.00
Inclusive / Diverse
1.00
  • Company
    Transamerica Life Insurance Company
  • City
    Plano
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee
  • Department
    Others
  • 18.Nov 2018
  • Employee

Suggestions for improvement

  • Culture could be improved surrounding mental health and wellness.

What I like about the company

There were a lot of good people who wanted to collaborate. There were flexible hours of needed.

What I dislike about the company

They didn’t offer assistance on work or personal life when requested, they overloaded work because they were short staffed.

Company Culture
4.00
Support from management
1.00
Teamwork
3.00
Freedom to work independently
4.00
Internal Communication
3.00
Gender Equality
5.00
Attitude towards older colleagues
5.00
Career Development
1.00
Overall compensation for your work
5.00
Office / Work Environment
4.00
Environmental Friendliness
2.00
Work-Life Balance
5.00
Company Image
3.00
Job Security
1.00
Handicapped Accessibility
4.00
Workplace Safety
4.00
Challenging Work
4.00
Inclusive / Diverse
3.00

The following benefits were offered to me

Flex. working hours is offered
  • Company
    TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY
  • City
    Cedar Rapids
  • Are you a Current or Former Employee?
    Former employee
  • Position
    Not specified

The following perks were offered to me

On site cafeteria is offered Employee events is offered Fitness center on site is offered
  • 28.Sep 2018
  • Employee

Suggestions for improvement

  • Stand up, set down desks. Also longer lunches.

What I like about the company

I loved Transamerica, but with my back disease. I had to quit.
I would recommend this company to anyone wanting to sell insurance.

What I dislike about the company

They wanted us to hurry with our calls to speed up production.

Company Culture
5.00
Support from management
5.00
Teamwork
5.00
Freedom to work independently
5.00
Internal Communication
5.00
Gender Equality
5.00
Attitude towards older colleagues
5.00
Career Development
5.00
Overall compensation for your work
3.00
Office / Work Environment
5.00
Environmental Friendliness
1.00
Work-Life Balance
5.00
Company Image
5.00
Job Security
3.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
3.00
Inclusive / Diverse
5.00

The following benefits were offered to me

Parking is offered 401(k) is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Transamerica Life Insurance Company
  • City
    Plano
  • Are you a Current or Former Employee?
    Former employee
  • Position
    Employee

The following perks were offered to me

On site cafeteria is offered Employee events is offered
  • 19.Jul 2018
  • Employee

Suggestions for improvement

  • Communication to employees regarding upper level management projects that involve possible decisions that affect them.

What I like about the company

Team always worked together to meet goals. Company was concerned about having a culture of innovation.

What I dislike about the company

Lack of communication to all employees regarding researching possible outsourcing.

Company Culture
3.00
Support from management
3.00
Teamwork
4.00
Freedom to work independently
4.00
Internal Communication
3.00
Gender Equality
5.00
Attitude towards older colleagues
5.00
Career Development
3.00
Overall compensation for your work
4.00
Work-Life Balance
4.00
Company Image
4.00
Job Security
3.00
Challenging Work
4.00
Inclusive / Diverse
5.00
  • Company
    Transamerica Life Insurance Company
  • City
    Exton
  • Are you a Current or Former Employee?
    Former employee
  • Position
    Employee
  • 08.Jul 2018
  • Employee

Suggestions for improvement

  • More workplace events and company provided meals

What I like about the company

Good retirement available. Provide a 401K with a 5 percent match and a pension

What I dislike about the company

I would increase the base salary for employees

Company Culture
4.00
Support from management
4.00
Teamwork
4.00
Freedom to work independently
3.00
Internal Communication
4.00
Gender Equality
5.00
Attitude towards older colleagues
4.00
Career Development
3.00
Overall compensation for your work
3.00
Office / Work Environment
4.00
Environmental Friendliness
3.00
Work-Life Balance
4.00
Company Image
4.00
Job Security
4.00
Handicapped Accessibility
4.00
Workplace Safety
4.00
Challenging Work
4.00
Inclusive / Diverse
4.00
  • Company
    TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY
  • City
    Exton
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

Suggestions for improvement

  • The employee engagement and fun needs to increase and modernize. Listen to and respect employees when they bring issues to HR and more feedback should be requested more often to help retain good people. There needs to be ways to encourage more work life balance

What I like about the company

I’ve been able to take a lot of classes, work with a lot of super awesome people and significantly increase my salary over the last 14 years. My company encourages training and employee development.

What I dislike about the company

We are going too far away from customer service and into automation. The capabable, smart, employees are not treated well enough to retain.

Company Culture
3.00
Support from management
2.00
Teamwork
2.00
Freedom to work independently
4.00
Internal Communication
3.00
Gender Equality
2.00
Attitude towards older colleagues
3.00
Career Development
3.00
Overall compensation for your work
1.00
Office / Work Environment
3.00
Environmental Friendliness
4.00
Work-Life Balance
2.00
Company Image
3.00
Job Security
2.00
Handicapped Accessibility
4.00
Workplace Safety
3.00
Challenging Work
3.00
Inclusive / Diverse
4.00
  • Company
    Transamerica Life Insurance Company
  • City
    Cedar Rapids
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee
  • 26.Apr 2018
  • Employee

Suggestions for improvement

  • Less gross junk food and more healthy human food

What I like about the company

If you can sell new policies and maintain existing clients you’ll be a very happy person every time you get paid, if not then you’ll be gone

What I dislike about the company

None, this is a position that the only thing that matters is your work ethic.

Company Culture
4.00
Support from management
3.00
Teamwork
4.00
Freedom to work independently
5.00
Internal Communication
4.00
Gender Equality
5.00
Attitude towards older colleagues
5.00
Career Development
5.00
Overall compensation for your work
4.00
Office / Work Environment
5.00
Environmental Friendliness
1.00
Work-Life Balance
5.00
Company Image
4.00
Job Security
5.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
5.00
Inclusive / Diverse
5.00

The following benefits were offered to me

Parking is offered Stock or equity options is offered 401(k) is offered Desirable office location is offered Tuition assistance is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY
  • City
    Schaumburg
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

On site cafeteria is offered Health and wellness programs is offered Fitness center on site is offered
  • 14.Apr 2018
  • Employee

Suggestions for improvement

  • Show you care for the employees, continue to promote job advancement.

What I like about the company

We are involved in the community we live in, the company supports local activities in all the states we're located in.

What I dislike about the company

Job security is huge, not keeping employees update on company changes. The worry that goes along with working for Transamerica is not comforting.

Company Culture
2.00
Support from management
3.00
Teamwork
3.00
Freedom to work independently
2.00
Internal Communication
2.00
Gender Equality
4.00
Attitude towards older colleagues
3.00
Career Development
2.00
Overall compensation for your work
4.00
Office / Work Environment
4.00
Environmental Friendliness
2.00
Work-Life Balance
2.00
Company Image
3.00
Job Security
1.00
Handicapped Accessibility
4.00
Workplace Safety
4.00
Challenging Work
4.00
Inclusive / Diverse
3.00

The following benefits were offered to me

Parking is offered Easy access to public transportation is offered Stock or equity options is offered Ability to work remotely is offered Tuition assistance is offered Paid Parental Leave is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Transamerica Life Insurance Company
  • City
    Cedar Rapids
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

On site cafeteria is offered Free (company provided) Meals is offered