Why does Lemonade use reinsurance?

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Think of it as insurance for insurance companies. Our reinsurance program protects Lemonade Insurance Company against all kinds of losses, including large individual losses and accumulations of losses (such as would result from a hurricane).

Is Transamerica trustworthy?

Transamerica is a trustworthy life insurance carrier and has earned high financial strength ratings. It also offers a wide selection of life insurance policies: term life, whole life, indexed universal life, and final expense insurance. Feb 23, 2022

Is Transamerica reliable?

Transamerica earned 3 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account customer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings. Dec 21, 2021