Monumental Life Claim for Life Insurance Benefits 2025

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Despite its rebranding and eventual closure, the companys legacy continues through its parent company, Aegon, and its wide range of insurance products that serve the needs of many American families.
If your claim is approved youll receive your payment 7 to 10 days after the final approval. If your claim is denied youll be given a written explanation why it was denied. Usually, the insurer will refund all the premiums that were paid.
The best way is to contact the policys issuer (the life insurance company). Their records are key: even if you see your name listed on an old policy document, the deceased may have changed their beneficiaries (or the allocation of benefits among those beneficiaries) after that document was printed.
Parent Company In 1997, Monumental Life was acquired by Aegon, a Dutch multinational life insurance, pension, and asset management company. As a result, Monumental Life became a subsidiary of Aegon.
1999. Transamerica becomes part of Aegon, a leading international financial services holding company.
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Key Takeaways. There is no time limit on receiving life insurance death benefits, so dont worry about filling a claim too late. To file a claim, you can call the company or, in many cases, start the process online.
Part of the Aegon family Our parent company, Aegon, boasts a legacy of financial services expertise. Netherlands-based Aegon has been a leader in the space since 1844. They acquired Transamerica in 1999, and today, were proud to represent their U.S. operations and largest market.
Each life insurance policy type will have its own payout rate. While the overall industry payout rate is 96.9%, this percentage will be made up of each policy types payout rate. Term life insurance provides cover for a set period of time and can be taken out with a level or decreasing payout.

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