Pacific Life vs. Transamerica life insurance

Learn the differences between the life insurance options offered by Pacific Life and Transamerica.

Pat Howard 1600


Pat Howard

Pat Howard

Senior Editor & Licensed Home Insurance Expert

Pat Howard is a senior editor and licensed home insurance agent at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

Published August 2, 2018 | 2 min read

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Pacific Life and Transamerica are two of the most established life insurance companies on the market, both with well over 1,000,000 policyholders nationwide. Both have great consumer grades and offer competitive term life insurance rates.

So, how do you decide which company is best for you? Well, individual standards and needs differ from person to person, but the best ways to judge a life insurance company are third-party ratings, company strength, company features, and policy details.

Luckily for you, we did our homework. Read on to learn more about the term life insurance policies offered by Pacific Life and Transamerica.

Pacific Life vs. Transamerica term life insurance cost comparison

If you’re looking for the most affordable life insurance option, here are the average monthly premiums for Pacific Life and Transamerica term life insurance policies.

Pacific LifeTransamerica
MaleAge 30$20.84$22.36
Age 40$29.59$37.85
Age 50$77.09$79.12
FemaleAge 30$19.18$18.06
Age 40$26.68$30.96
Age 50$61.67$62.78

Average premium cost based on $500,000/20-year term life insurance policies for healthy, nonsmoking applicants in California

Pacific Life vs. Transamerica health pricing

Life insurance company premium costs are largely based on an individual’s health and health history. But there isn’t a one-size-fits-all method for underwriting or determining an individual’s probability of staying healthy and well, so in terms of pricing, some companies are lenient toward certain illnesses and lifestyle trends while being more critical of others.

Here’s how Pacific Life and Transamerica rate the most common life insurance health concerns:

Pacific LifeTransamerica
Cancer Survivor/Family HistoryExcellentExcellent
Recent Weight LossGoodGood
Heart AttackGoodGood
Sleep ApneaExcellentFair
Former Tobacco UseFairFair
High Blood PressureFairGood
High CholesterolExcellentFair

Learn more about the best life insurance companies for every scenario.

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Pacific Life vs. Transamerica insurance rider availability

Sometimes, a carrier’s base policy just isn’t enough. This is where riders come into play.

Riders allow you to customize your life insurance policy so that it covers more circumstances. Most fall under one of these four categories — family riders, long-term care riders, benefit structure riders, and accidental death or dismemberment riders — and are worth looking into before making a final decision.

Here are the riders offered by Pacific Life and Transamerica.

Pacific LifeTransamerica
Child Protection RiderXX
Accelerated Death Benefit RiderX
Accidental Death Benefit Rider X
Disability Waiver of Premium RiderXX

Learn more about life insurance riders.

Pacific Life vs. Transamerica company ratings

Ratings agencies often feature different rating criteria, so it’s important to understand how each one functions. A.M. Best focuses on the financial strength of the company, while J.D. Power rankings are based on customer service surveys. The Better Business Bureau (BBB) gives letter grades based on consumer feedback.

How do Pacific Life and Transamerica grade out in terms of financial and customer service ratings?

Pacific LifeTransamerica
A.M. BestA+A+
J.D. Power2 out of 54 out of 5

Compare life insurance companies

Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.

Choosing the right life insurance company

So which life insurance company is best for you?

Well, as we said at the top, it depends on the individual: which aspects of a policy they find most important and which aspects they can comfortably do without. This is where a little cost-benefit analysis comes in handy, and hopefully we did our part to make you feel confident in whichever company you go with.

Ready to begin your search and start looking for the best policies that Pacific Life, Transamerica, and other top life insurance companies have to offer? Try out our coverage calculator to find plans and companies tailored to your needs.