Transamerica Life Insurance Company (TLIC) is an insurance company based in Cedar Rapids, Iowa. Established in 1961, the company provides life, accident, and health insurance products to its clients. The company sells individual, non-participating whole life, endowment and term contracts, structured settlements, and pension products, as well as a broad line of single fixed and flexible premium annuity products. The company operates as a subsidiary of Aegon. The assets of the company are managed by the board of trustees.