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Monumental life and Transamerica Lfie are not the same insurance companies; They both exist as companies under Aegon Financial umbrella.
The way it was explained to me by a Transamerica / Monumental manager made it clear that in many ways it was the same, it appears they have a combined sales force and while the markets are separate they are careful not to step on each other toes. Monumental was positioned as lower income with some higher income and Transamerica as middle to high income.
That Monumental was changing some of it's focus on home collections, trying to get away from them being the norm. With a refocus on new premium sales and a reduced emphasis on preventing lapses of accounts that require monthly in home collections. I was told that the compensation package had changed to reflect this. In my mind from an operational standpoint they were not same but very close cousins. It may depend on who you are and how it affects you, a consumer, agent, manager, stockholder for example. Maybe someone can add more that has better information.
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