Transamerica Review (2022 Update): Everything You Wanted To Know!

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Updated: October 26

By: Scam Risk - Expert Reviewer

Transamerica Life Insurance Review

Transamerica has been providing people with various financial products such as health and life insurance for many years. It accomplishes this via a multi-level marketing (MLM) company that it owns, World Financial Group (WFG).

Many people are skeptical about Transamerica because of how WFG functions. They are wondering if it’s a pyramid scam.

If you’ve been asking yourself similar questions, this review will be useful since it delves into Transamerica in depth.

Most importantly, it will determine whether or not it is a pyramid scam.

DISCLAIMER:
This Transamerica Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

Table of Contents

Pros: What I Liked

  • Good product ratings
  • Excellent customer support
  • Great income opportunity
The Good

Cons: What I Didn't Like

  • Losses are reframed as investments
  • You may need to purchase products yourself
  • Products are overpriced
The Bad

Chances are you heard about Transamerica because someone – a friend or family member – introduced you to the company. Maybe you attended an online workshop or webinar, or maybe an in-person information session.

Your head’s probably spinning. This might be the first time you’ve heard about a real way to make money outside of a typical job.

So first off, congratulations!

You’ve just entered a whole new world…the world of making money on your own terms.

However, you came in through the wrong door.

Because Transamerica is – plain and simple – an MLM. Throw whatever fancy name you want on it…multi-level marketing (MLM), network marketing (NWM), direct sales, or anything else, it’s the same concept:

You pay some money upfront for the “opportunity” to sell products.

The products are typically low-quality but with high price tags (because fancy labels and stuff).

You’re told that the key to building your own successful business is selling these products to friends and family, and getting them on a subscription (so you get “monthly recurring revenue”).

Unfortunately, like most people who get taken in by these types of schemes, you’ll quickly discover that the well runs dry faster than you imagined.

After all, they make it sound really simple. “Just get 5 people you know onto this magic widget, and things will just grow from there.”

And in your head, you think “How hard can it be? I know plenty of people, 5 will be easy.”

But then you do it, and you realize people look at you like you’ve joined a cult. You’ve become “that person”, who joined an MLM, and is now trying to sell questionable products or services to everyone they meet.

It puts a strain on your relationships, and you end up stuck between two worlds.

But it’s not your fault. These companies spend millions of dollars each year figuring out exactly how to brainwash and recruit people. And that’s why we’re here.

To help you find a better way before it’s too late.

So, what if there was a way you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Inventory
  • Selling to friends and family
  • Selling to strangers
  • Recruiting people
  • Dealing with questionable products that weigh on your conscience

An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?

An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?

If that sounds like something you’d be interested in, check out Digital Real Estate. 
Still Getting Paid

This is nothing like MLM, and that’s probably a good thing.

However, if you’d still like to know more about Transamerica, keep reading.

What Is Transamerica?

what is transamerica

Transamerica is an American company formed by Hubert Humphrey in 1991. It provides two kinds of financial products: life insurance and health insurance.

Transamerica sells health and life insurance using several strategies and initiatives to meet its health goals. MLM is an example of one of these strategies. Almost anybody may earn money by selling Transamerica insurance plans or persuading others to do the same.

Transamerica has struggled since its start. For example, they have been punished for the way they market themselves. They changed its name to World Marketing Alliance since many people identify it with unlawful marketing practices.

Furthermore, the company’s creator, Hubert Humphrey, sold it to Aegon in 1999, and it is now a part of World Financial Group.

How Does Transamerica Work?

how does transamerica work

Understanding how Transamerica operates is critical since it helps determine whether or not it is a pyramid scheme. Unlike other life insurance companies, Transamerica employs a person-to-person sales strategy. This person-to-person technique often includes a hierarchy of superior and recruit members.

The superiors do the recruit. They are in charge of bringing in new members. This technique, like a pyramid, has a limited structure at the top and a wide network at the bottom.

Anyone recruited by Transamerica is obligated to sell or advertise the company’s financial products, general health insurance, and life insurance with a death benefit. They are also expected or requested to recruit new members to Transamerica to expand their network.

person to person selling

If a participating member excels at any of these duties, there is the possibility of gaining substantial awards, prices, commissions, and fees.

Transamerica’s person-to-person selling strategy shifts the focus from selling health and life insurance to expanding Transamerica’s MLM network. Worse, it is a life insurance policy strategy doomed to fail because it needs far too many recruits.

What Products And Services Does Transamerica Offer?

What Products And Services Does Transamerica Offer

Transamerica Life Insurance company offers both insurance and financial services. Transamerica life insurance policies are as follows:

  • Whole life insurance
  • Transamerica term life insurance
  • Universal life insurance
  • Variable universal life policy
  • Accidental death
  • Medicare supplement
  • Long term care
  • Permanent life insurance
  • Final expense insurance

Aside from critical illness, terminal illness, and death benefits, Transamerica also provides a wide range of annuities and mutual funds. When Transamerica’s policies are compared to other market policies, it is clear that Transamerica’s policies are too costly.

This is common in MLM schemes since they must demand high rates for their items to compensate their distributors and sales agents.

You can ask agents about the status and cash value of indexed universal life insurance, life insurance coverage, indexed universal life insurance, indexed universal life policies, etc.

Cost To Join Transamerica MLM

Cost To Join Transamerica MLM

You may apply to be a Transamerica sales agent and offer their products for commissions.

To become a Transamerica distributor and start earning money, a $100 processing fee is necessary. To begin recruiting new members, you must spend an extra $300.

Instead of selling the company’s products, Transamerica’s distributors are urged to recruit new members.

Is Transamerica A Scam?

So, is Transamerica a scam?

Not technically. You can make money with this program, but it’s definitely not as easy as the company makes it sound.

There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual commissions are pretty small.

Now, there’s nothing wrong with front-loading the work and making the money later.

But if you’re grinding it out for 3 months and then your reward is a $50 commission, it’s not really worth it.

What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?

And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Real Estate

And, unlike an MLM, you can legitimately do this from anywhere. It’s a true lifestyle business.

Your laptop and an internet connection is all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

Saying goodbye to our job

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period of time, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip, or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.

Are There Alternatives To Transamerica?

Yes, there are plenty of MLM companies to choose from if you want to pursue this business model.  Here are just a few:

What Is My Top Recommendation In Making Money Online In 2022?

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business”, the research IS conclusive:

Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.

Why?

1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.

Jump All In

2) You Own & Control EVERYTHING: With MLMs and Network Marketing, you don’t really own anything. You have no control over the quality of products. You don’t even own your “team”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.

Feeling Blessed

3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

Scott Lead Gen

4) No Inventory: Alright, so most MLMs don’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.

And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.

Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order.

With Digital Real Estate, a 100% online business, you never even have to think about that risk.

ANNA DONE DEAL

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with an MLM, you’d have to double your customers OR double the average order size of your existing customers. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.

Lance Lead Gen

6) Make Money Helping Real People: This part is what makes it all worth it. In an MLM, your “upline” might convince you that what you’re selling improves people’s lives, but deep down, you likely know that’s not true.

Most of the time, you’re either selling a dream or a poor-quality, overpriced product with a fancy label.

And that makes it pretty hard to sleep at night.

But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.

Boss of My Own Future

Now, the choice is yours.

You could continue browsing, looking at opportunities like Transamerica which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.

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