John Hancock vs. Transamerica: Top Life Insurance in 2025
Exploring John Hancock vs. insurance rates, you’ll find that John Hancock is cheaper. Additionally, John Hancock has more universal options and better A.M. Best ratings, but offers whole insurance. Comparing John Hancock vs. will help you find the best company to fit your needs.
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
UPDATED: Mar 16, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Mar 16, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- John Hancock has lower rates than Transamerica
- John Hancock is rated better than Transamerica by A.M. Best
- Transamerica has more coverage options than John Hancock
John Hancock and Transamerica offer term life and permanent life insurance quotes. John Hancock has lower rates and better A.M. Best ratings, but Transamerica provides more coverage options. Comparing John Hancock vs. Transamerica will allow you to determine the best fit.
Before starting this John Hancock vs. Transamerica comparison, enter your ZIP code to find free life insurance quotes in your area.
John Hancock vs. Transamerica: What are their monthly rates?
Comparing affordable John Hancock vs. Transamerica life insurance rates will allow you to find the most cost-effective option. The following charts show the monthly John Hancock and Transamerica rates for a 20-year term at $250,000 based on gender and age.
John Hancock vs. Transamerica: 20-Year Term $250,000 Policy Monthly Rates by Age for Males
| Age | John Hancock Average Monthly Rates | Transamerica Average Monthly Rates |
|---|---|---|
| 30 | $14.21 | $15.48 |
| 40 | $16.86 | $22.79 |
| 50 | $31.54 | $44.29 |
The following chart shows the same information for females.
John Hancock vs. Transamerica: 20-Year Term $250,000 Policy Monthly Rates by Age for Females
| Age | John Hancock Average Monthly Rates | Transamerica Average Monthly Rates |
|---|---|---|
| 30 | $12.39 | $12.04 |
| 40 | $15.64 | $18.92 |
| 50 | $28.26 | $35.69 |
As you can see, John Hancock has lower rates than Transamerica, and rates are lower for females than for males.
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John Hancock vs. Transamerica: What policies are available?
A close comparison of John Hancock Life Insurance vs. Transamerica life insurance company policies allows customers to determine which provider offers the best coverage. While both companies have term life, universal life, and final expense insurance, only Transamerica offers whole life plans.
John Hancock Insurance offers term life coverage in 10-, 15-, 20-, and 30-year terms. The value of these policies ranges from $25,000 to $3 million.
The permanent life options offered by John Hancock are limited to universal life insurance. However, the company offers three types of universal life coverage: traditional universal life, indexed universal life, and variable universal life.
While traditional universal life features flexible rates, the other two policies include a cash value. The cash value of an indexed universal life policy depends on popular stock indexes, and customers can invest the cash value of a variable universal life plan into a separate account.
John Hancock also offers final expense insurance, available to customers between the ages of 55 and 80. Intended to pay for final expenses, such as funeral and burial costs, the value of this type of plan ranges from $2,000 to $20,000.
Transamerica offers two term life insurance plans. The Trendsetter Super Series provides coverage from $25,000 to $10 million, and the Trendsetter LB (Living Benefits) plan ranges from $25,000 to $2 million. While the two policies are similar, the Trendsetter LB plan offers more living benefits.
Both of these plans are available in 10-, 15-, 20-, 25-, and 30-year terms. Eligibility is limited to customers between the ages of 18 and 80.
Transamerica offers two types of permanent life insurance. The plans are available for customers up to 85 years old, and coverage ranges from $25,000 to $2 million. The difference is that whole life insurance features fixed rates and universal life insurance features flexible rates.
Transamerica also offers final expense insurance. This coverage is available between $1,000 and $50,000 to pay for funerals, burials, and other final costs.
The Transamerica long-term care insurance plan is a unique offering by the company. Available for customers between the ages of 19 and 79, the purpose of this plan is to protect you from the high costs of long-term care services.
John Hancock vs. Transamerica: What riders are offered?
Customers can add a variety of options to John Hancock and Transamerica policies. These options are known as riders and will usually increase your John Hancock or Transamerica life insurance quotes.
Both companies include an accelerated death benefits rider with their permanent life policies. This rider allows customers to access a portion of their death benefit before death if they suffer from a terminal illness.
Optional riders offered by John Hancock include:
- Critical illness benefit
- Disability payment of a specified premium
- Long-term care
- Vitality PLUS program
- Return of a premium
Optional riders offered by Transamerica include:
- Waiver of a premium
- Accident indemnity
- Children’s insurance
As you can see, John Hancock offers more ways to customize a policy than Transamerica.
John Hancock vs. Transamerica: What are their financial ratings?
Credit rating agencies examine life insurance companies and rate them based on financial strength. A better grade shows that the company is more likely to provide a payout when you file a claim. Trusted agencies have completed John Hancock and Transamerica life insurance reviews.
The John Hancock Insurance Agency has been rated an A+ by A.M. Best, an A2 by Moody’s, and an AA by S&P. These are excellent ratings and indicate that the company will provide a payout when customers file a claim.
Transamerica has been rated an A by A.M. Best, an A1 by Moody’s, and an A+ by S&P. These are solid ratings and show that Transamerica will usually provide a payout when you file a claim.
Moody’s has determined that Transamerica is the financially stronger of the two, but A.M. Best and S&P have provided better grades to John Hancock. However, all three grades given to both companies indicate superior financial strength.
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John Hancock vs. Transamerica: Have they received any complaints?
The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) review complaints made about life insurance companies. Fewer complaints indicate greater customer satisfaction.
At the time of this comparison, the BBB has received 64 complaints about John Hancock Life Insurance during the past three years. The company’s NAIC complaint index ratio is 1.54, indicating more complaints than the average similarly sized competitor.
The BBB has received 339 complaints about Transamerica over the past three years. According to the NAIC, Transamerica has a complaint rating of 1.30, indicating more complaints than competitors of a similar size.
While Transamerica has received more complaints than John Hancock, the complaint index ratios show that Transamerica has greater customer satisfaction.
Read more:
- John Hancock vs. Protective: Top Life Insurance
- John Hancock vs. Prudential: Top Life Insurance
- John Hancock vs. SBLI: Top Life Insurance
- John Hancock vs. Securian Financial: Top Life Insurance
- John Hancock vs. State Farm: Top Life Insurance
- John Hancock vs. Transamerica: Top Life Insurance
- Transamerica Life Insurance Company Review
John Hancock vs. Transamerica: The Bottom Line
Customers looking to buy John Hancock or Transamerica life insurance might wonder which company is better. While John Hancock has lower rates and better financial ratings, Transamerica has more policy options.
Comparing John Hancock vs. Transamerica will help you make the right decision.
Now that you’ve compared John Hancock vs. Transamerica, enter your ZIP code to get free life insurance rates in your area.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.