LITTLE ROCK, Ark. – June 13, 2013 – The annual U.S. Worksite/Voluntary Sales Report produced by marketing advisory firm Eastbridge Consulting Group, Inc.* identified Transamerica Life Insurance Company-which markets voluntary benefits through its Transamerica Employee Benefits business unit-as the fastest growing company based on voluntary sales for 2012 among large companies. This recognition comes as Transamerica Employee Benefits is expanding its national sales team in key growth markets across the U.S.
“The need for voluntary benefits is rising significantly, particularly supplemental health, due to the implementation of the Affordable Care Act and as open enrollment nears. The growth that we have experienced is a direct result of the efforts of our employees, our brokers, and our customers around the country. We are responsive to the needs of the marketplace, and their input continues to push Transamerica to deliver innovative product and administrative solutions,” said Randy Clarkson, president of Transamerica Employee Benefits. “This recognition is a significant accomplishment for Transamerica Employee Benefits and we hope to continue our track record of industry leadership.”
This is Transamerica Employee Benefits’ third consecutive year achieving sales above industry averages. The business unit has had sales increases of 9 percent, 28 percent and 15.3 percent in 2010, 2011 and 2012, respectively.
The U.S. Worksite/Voluntary Sales Report is an annual report conducted by Eastbridge. The 2012 report includes detailed data on the performance of more than 65 voluntary and worksite carriers, both group and individual.
*Eastbridge Consulting Group, Inc. is a marketing advisory firm serving the worksite/voluntary industry in the United States and Canada.
About Transamerica Employee Benefits
Transamerica Employee Benefits is a business unit of Transamerica Life Insurance Company. At Transamerica, we help our customers Transform Tomorrow®. Insurance products and services are issued by Transamerica Life Insurance Company, Cedar Rapids, IA, and affiliated Transamerica companies. With more than a century of experience, Transamerica has built a reputation on solid management, sound decisions and consumer confidence. For more information, visit www.transamerica.com.