September, 29 2016

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Life insurance reviews, news and prices from the top companies

"TLIR provides life insurance company reviews, news and prices to help you make an informed buying decision"

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Largest Life Insurance Companies 2016

The largest life insurance companies 2016 have more assets than the other insurance 900 + life insurance companies in America.  There are a few different ways to rank the largest life insurance companies in addition to assets.  Other ways include; total written premium, market capitalization, term sales, universal life sales, whole life sales and annuity sales.  Some of the best life insurance companies in America that didn’t make this but are still some of the largest writers of life insurance include Protective Life, Banner Life, SBLI and Mutual of Omaha.   MetLife-Assets $608 billion- Financial Rating A+ Prudential- $551 billion-Financial Rating A+ John Hancock– (Manulife) $272 billion- Financial Rating A+ TIAA-CREF– $272 billion- Financial Rating A+ AIG– $270 billion-...

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GGT and Life Insurance- What You Need to Know

Has GGT Affected Your Life Insurance Application? A common reason for rate increases and declines in life insurance is due to the GGT liver function test.  Most people have never even heard of GGT before.  This is why it’s comes as such a surprise to many when they are notified of elevated levels from their life insurance exam. What is GGT? GGT stands for Gamma-glutamyltransferase, which is an enzyme that is present in many areas of the body including the kidneys, pancreatic cells and most notably the liver.  Elevations in the GGT blood test can indicate liver problems or other potential health issues. The GGT test is currently the most sensitive indicator of liver damage and disease. What Causes...

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25 Year Level Term Life Insurance- Is it a Good Deal?

Many people don’t realize that there is a 25 year level term life insurance policy available as an option.  This is due to the fact that many companies don’t offer a 25 year level term policy product.  However, there are many top life insurers that do and it can be a great choice for certain applicants. The most common term life insurance lengths offered in America are; 10, 15, 20 and 30 years.  Often in lieu of choosing the 25 year term, many people will choose either the 20 or 30 year level term to meet their specific needs and due the pricing differences. For example, let’s take a look at the sample prices below for a forty year...

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Life Insurance: $1,000,000 vs $500,000 vs $250,000 vs $100,000

Most people want the right amount of life insurance to protect their family but don’t know how much it will cost. Fortunately, life insurance companies offer price band discounts at certain policy amounts. These price brands offer a cost-per-thousand price reduction over other policy amounts. The price bands on life insurance in 2016 are at the following policy amounts: $1,000,000, $500,000, $250,000 and $100,000. While the right amount of life insurance one should carry will be different for each person, these price band numbers above are a good place start. How much does a $1,000,000 (million dollar) life insurance policy cost 2016? Company Name Annual Monthly    A.M. Best Ratings as of   2016 United of Omaha Life Insurance Company...

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Esurance Life Insurance Review

Esurance Life Insurance Review 2016 Pros:  Instant Quotes– The life insurance quote engine on Esurance’s website (which is through a third party agency called Efinancial) offers instant life insurance quotes from several of the nation’s top life insurance companies.  Offers Several Highly Rated Insurers– The quote engine on Esurance’s (Efinancial’s) website shows the prices for about a half a dozen of the top life insurers such as: American General (AIG), Voya, Transamerica, Prudential Life and Fidelity Life. Cons:  Esurance Doesn’t Offer Life Insurance– Unfortunately, for those looking for a life insurance policy with Esurance will be disappointed to learn that Esurance itself doesn’t sell life insurance.  When you request a life insurance quote on the Esurance site you get...

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John Hancock Life Insurance Review 2016

John Hancock Life Insurance Review 2016 Pros:  Financial Strength– John Hancock has an A+ (Superior) financial rating by A.M. Best (second highest of 16 possible ratings).  Stability– John Hancock has been in business for more than 150 years proving their strength and durability.  Size– John Hancock is a top ten insurer when it comes to total market share in life insurance sales. Cons:  Their website is a little confusing, especially if you are looking for information on how or whom to speak to receive a quote.  Also, John Hancock’s rates tend to be higher than other top insurers and their underwriting can be more conservative as well. Bottom Line:  John Hancock, owned by the Canadian insurance company Manulife Financial,...

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The Best Life Insurance Companies for Sleep Apnea

This article will list the best life insurance companies for sleep apnea in 2016, whether you are compliant and using the CPAP nightly or non-compliant and only using the CPAP machine a few nights a month, or not using it at all. To begin, sleep apnea is a big rating factor when it comes to life insurance. The reason why is that if left untreated, sleep apnea can lead to many health issues such as high blood pressure, heart failure, heart attack, stroke, type II diabetes, weight gain, asthma, and even auto accidents from drowsiness. A study published a few years ago showed that those with severe sleep apnea left untreated were three times more likely to have premature...

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Family Plan Life Insurance

A popular request many people have when looking for life insurance in 2016 is for a family plan life insurance policy. A family plan policy would cover everyone in the family; husband, wife and children. While there are many that want a family plan to have everyone insured all on the same policy, the fact is that it’s better to protect the family with separate policies, which can be done with the same company or with different companies. While there are companies that do offer a family plan policy such as Primerica, the rates are typically much less expensive for the husband and wife to have to have separate policies and to add the children on as a child...

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Divorce And Life Insurance 2016

An increasing need for a term life insurance policy in 2016, especially for men is to satisfy a divorce agreement, divorce settlement or divorce decree. This is because in the event of a divorce the court or the attorneys will mandate a life insurance policy be in place to protect the alimony or child support payments in the event of the premature death of the ex-spouse. To secure this requirement many people we talk to are looking for the cheapest term life insurance for a divorce settlement in 2016. Term Life Insurance for Divorce Decree – Settlement In almost all cases the type of life insurance policy that is required by the court for a divorce agreement is term...

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Life Insurance Company Ratings 2016

Life Insurance Company Ratings 2016 Whether you’re in the market for term life insurance, whole life insurance, universal life insurance, no exam life insurance or life insurance for seniors, it’s crucial to know the life insurance company ratings 2016. What are life insurance company ratings and why are they so important? The rating a life insurance company receives is an independent third party evaluation to help determine the ability of the insurance company to meet its financial obligations to the policyholder and be able to pay out future claims. There are four main rating agencies that evaluate life insurance companies; A.M. Best, S&P, Fitch and Moody’s. A.M. Best is the gold standard and the rating that most people use...

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Best No Exam Life Insurance Companies 2016

To make our list of the best no exam life insurance companies 2016 we looked at price, ratings, and approval time. The companies on our list do offer the lowest rates in America on no medical exam term life insurance in 2016. Some of the companies are household names while the others may not be as well-known. However, all of the companies on our list have an excellent financial rating or better from the number one rating agency A.M. Best. Why choose a no exam life insurance policy in 2016? There are two reasons people typically choose a no exam life insurance policy over a fully underwritten policy. First is the exam itself. The life insurance paramed exam is...

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Progressive Life Insurance Review

Progressive Life Insurance Review 2016 Pros:  Instant Quotes– The life insurance quote engine on Progressive’s website (which is through a 3rd party agency called Efinancial) offers instant life insurance quotes from several of the nation’s top life carriers.  Offers Several Highly Rated Insurers– The quote engine on Progressive’s website shows the prices for about a half a dozen of the top life insurers such as: American General (AIG), Voya, Transamerica, Prudential Life and Fidelity Life. Cons:  Progressive Doesn’t Offer Life Insurance– Unfortunately, for those looking for a life insurance policy with Progressive Casualty Insurance Company will be disappointed to learn that Progressive itself doesn’t sell life insurance.  When you request a life insurance quote on the Progressive site you get...

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Best Life Insurance Companies for Diabetics 2016

Best Life Insurance Companies for Diabetics 2016 Until recently, securing an affordable life insurance policy as a diabetic was very difficult to say the least.  Many diabetics would not qualify for life insurance or when they did the premiums would be exorbitant to compensate for increased risk of the condition.  Fortunately in 2016, certain companies have reevaluated their diabetic underwriting guidelines making it much easier and much cheaper for diabetics to secure life insurance. Best Life Insurance Companies for Diabetics 2016 The best life insurance companies for diabetics 2016 offer favorable underwriting guidelines, low premiums and are highly rated by A.M. Best.  These companies have examined the risks associated with diabetes and its impact on life expectancy and have...

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Costco Life Insurance Review

Costco Life Insurance Review 2016 Pros: Pricing– The term life insurance from Costco offered through Protective Life has great rates. Financial Strength– Protective Life Insurance has an A+ Superior rating and has been in business since 1907.   Cons: Not too many cons. However, Protective is only one life insurance company. We recommend comparing rates from multiple companies since each company has their own underwriting guidelines and pricing. Bottom Line: The life insurance product offered for Costco members through Protective Life has great pricing. With term lengths of 10-20 years, great rates and it’s though Protective Life who is one of our top 12 term life insurance companies in 2016, the Costco policy is one worth looking into. However,...

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Top 12 Term Life Insurance Companies in 2016

The Top 12 Term Life Insurance Companies in 2016 have the lowest rates, are highly rated and have great underwriting guidelines to help you get approved at the most favorable health class. The companies that made our list are the ones we trust our clients with to ensure they receive the most amount of life insurance to protect their families with a highly rated company at the best price. Not all term life insurance companies are the same in 2016. Each company underwrites you differently so it’s important to choose the right insurer. Factors such as age, medications being taking or have taken in the past, height & weight, occupation, family history, bankruptcy history, driving history, tobacco use, a criminal...

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Transamerica Life Insurance Company Review 2016

Transamerica Life Insurance Company Review 2016 Pros:  Transamerica is one of the largest life insurance companies in America in 2016.  They’ve have been in business for more than 80 years, have are A+ (Superior) rating by A.M. Best (second highest of 16 possible ratings) and have competitive rates on term and universal life insurance.  Transamerica also has some of the best rates, underwriting and product availability for seniors. Cons:  There aren’t too many cons with Transamerica. Bottom Line:  Transamerica is one of top 10 largest life insurance companies in America.  Transamerica is A+ superior rated and has great rates on term and universal life insurance.  Transamerica also has some of the best rates for seniors and offer longer terms...

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New York Life Insurance Review 2016

New York Life Insurance Review 2016 Pros:  Financial Strength– New York Life (NY Life Insurance) has the best financial rating in the country in 2016 with A++ Superior rating by A.M. Best (highest of 16 possible ratings) and a perfect 100 Comdex score (average rating from the 4 major rating agencies). There are only a few other life insurance companies in America that have a perfect financial rating (Northwestern Mutual, Knights of Columbus and Berkshire Hathaway).  New York Life has been financially strong throughout it’s history as evident they accept need bail out money during the financial crisis in 2008-2009.  History and Size– New York Life is one of the largest mutual life insurance companies in the country and...

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Voya Life Insurance Review 2016

Voya Life Insurance Review 2016 Pros:  Voya Financial and it’s domestic life insurance company ReliaStar Life Insurance Company is one of the largest life insurance companies in America and top writer of term life in 2016.  Voya (ReliaStar Life Insurance Company) is one of the only insurance companies in the country that do not count family history of cancer into your rating. Voya is also favorable on blood pressure guidelines allowing 135/90 for their best rate class whereas most companies are over 85 for the bottom number. Seniors over age 61 can take be on a blood pressure medication and qualify for the best rate class.  Voya also allows a total cholesterol of 300 and hdl ratio of 5.0...

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Best Life Insurance Companies 2016

The best life insurance companies 2016 offer the lowest rates, are highly rated and have the most favorable consumer underwriting guidelines for 2016. The companies that made are list have been carefully monitored, researched and most importantly; are tried-and-true as they are the ones we trust to place our clients with.  Some of the companies are household names and the others are not as well known but are best life insurance companies in America. When looking for the right life insurance company to protect your family you want to look at price, underwriting, company history and their financial rating.  The companies on our list check all of those boxes.   Best Life Insurance Companies 2016   Prudential Life Insurance...

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Best Life Insurance Companies for High Blood Pressure 2016

Best Life Insurance Companies for High Blood Pressure 2016 High blood pressure (hypertension) is a common health concern in 2016 and many Americans are taking a blood pressure lowering medication such as Lisinopril. So when applying for life insurance in 2016 you want to look at companies that underwrite blood pressure medications favorably. To help you out I put together a list of the best life insurance companies for high blood pressure in 2016. High blood pressure (hypertension) can be a serious health condition if left untreated.  Damage to the arteries, heart, brain, and kidneys are possible repercussions of not controlling hypertension.  Fortunately, with advances in medicine, today high blood pressure is a very treatable condition and for some...

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Primerica (Prime America) Life Insurance Review 2016

Primerica (Prime America) Life Insurance Review 2016   Pros: Financial strength- Primerica has an A+ superior rating in 2016 (2nd highest of 16 available ratings from A.M. Best) and they have a good reputation for paying claims in a timely manner.  Their policies also feature a nice living Terminal Illness Benefit.  In addition, their agents are local and often friends and family. Cons:  Expensive compared to companies with an equal financial rating (See the table below).  Primerica also only offers term life insurance without the option to convert to permanent insurance.  As an alternative you can convert to a decreasing term policy at the initial health rating class you were approved for or choose annual renewable term which is...

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Top 5 Life Insurance Companies for High Cholesterol 2016

For 2016,we listed our top 5 life insurance companies for high cholesterol 2016. These companies allow a cholesterol reading up to 300 and also allow you to be on a cholesterol lowering medication such as a statin and still remain eligible their best health rate class. According to the CDC, about 33% which equates to 71 million of adults in the United States have high levels of bad cholesterol.  Nearly half of those with high cholesterol are receiving treatment and only 23 million have their cholesterol levels in check. The health problems that can result from having high cholesterol are numerous and can be very dangerous. These include the elevated risk of heart disease, stroke, high blood pressure and...

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AARP Life Insurance Review 2016

AARP Life Insurance Review 2016 The Good: AARP’s life insurance program which is underwritten by New York Life Insurance Company, has an easy application process- only 3 health questions and no physical exam.  New York Life has an A++ A.M. Best Superior financial rating (the highest available out of 16 categories).  AARP and New York Life are very well-known trusted companies in America in 2016. The Bad:  Rates can be expensive for many applicants.  Also, the premiums increase every 5 years on their term policy and coverage ends at age 80.  In addition, as with many guarantee issue policies from various companies- many people have posted complaints online about being unaware that the guaranteed acceptance life insurance has a...

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State Farm Life Insurance Review 2016

State Farm Life Insurance Review 2016 The Pros:  Financial Strength– State Farm has the highest financial rating available in 2016; A++ (Superior) from A.M. Best.  Size– State Farm is one of the largest life insurance companies in America.  Brand Recognition– With a significant adverting presence, State Farm is a household name when it comes to insurance.  Local Agents– State Farm has local offices that you can stop into to see your agent if you have any questions. The Cons:  State Farm’s life insurance rates are typically more expensive compared to the rest of the market (see rates below).  Also, their underwriting can be more strict than many other top companies which can increase premiums or lead to a decline....

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Thrivent Financial Life Insurance Review 2016

Thrivent Financial Life Insurance Review 2016 Pros: Financial Strength & Ratings– Thrivent Financial has the highest financial rating available from the leading rating agency A.M. Best with an A++ (Superior) grade and possess a 98 out of 100 Comdex score in 2016.  Awards– Thrivent Financial for Lutherans was an honoree for The World’s Most Ethical Companies designation in 2014.  Size– Thrivent Financial is a fortune 500 company (#335 in 2014) and is the largest fraternal benefit society in America with over two and a half million members. Volunteering– In 2013, the organization contributed nearly $183 million and its members volunteered more than 8.6 million volunteer hours. Cons: Not too many cons with this company. Bottom Line: Thrivent Financial for...

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Farmers Life Insurance Review 2016

Farmers Life Insurance Review 2016 Pros:  Local agents- Farmers uses a brick and mortar business model with local agents- which many people prefer.  Well-known- Farmers is very well known thanks to their popular television commercials.  Website- Farmers website is very user friendly and provides instant rate quotes. Cons: Price- Farmers prices are often higher compared to other insurers we reviewed.  (See table below) Bottom Line: Farmers Insurance is a household name and a top 5 auto and home insurer in America.  While their property and casualty is highly ranked, their life insurance (issued by New World Life Insurance Company) rates are higher than many of the other top companies we reviewed in 2016.  Farmers does have local agents, good...

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MassMutual Life Insurance Review 2016

MassMutual Life Insurance Review 2016 Pros:  Financial Strength– MassMutual (Mass Mutual) has the highest financial rating available in 2016 from A.M. Best with an A++ (Superior) rating. Size and Stability– MassMutual is one of the largest life insurance companies in America and have been in business for more than 160 years.  They also have consistently paid dividends to their whole life policy holders since the 1860s. Mutual Company– As the name implies, Mass Mutual is a mutual company meaning it’s owned by the policy holders. Cons:  Price– MassMutual Life Insurance is expensive for term life insurance compared to the other top life insurance companies in America (see price comparisons below).  Underwriting– Since MassMutual is a mutual company their underwriting...

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Prudential Life Insurance Review

Prudential Life Insurance Review 2016 Pros:  Prudential Life Insurance Company (also known as Pruco) is one of the largest life insurance companies in the country by total market share in 2016.  Prudential is A+ (Superior) rated by A.M. Best (second highest of 16 ratings).  They have the best rates for certain niches such as cigar and smokeless tobacco users.  Also, Prudential is one of the most popular and well-respected names in the financial services sector.  In addition to their niche of offering non-tobacco rates to chew and cigar users, they offer some of the best rates in the nation for sleep apnea, medical marijuana, travel, and many other health conditions.  They will often have some of the best rates...

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WAEPA Life Insurance Review

WAEPA Life Insurance Review Pros: The possibility of not having to complete a physical exam, although an exam may be required for some. WAEPA’s rates may be less expensive than FEGLI, for some (see chart below). WAEPA also provides the option to add a spouse for up to $250k and children up to $25k for an additional premium. WAEPA does has an additional Accidental death and dismemberment coverage added into their policies. Cons: Rates can be expensive compared to what is available on the open market, especially if you are in good health (see rates below). Also, the rates increase every 5 years (by age bracket). This is unlike the private market where the rate can be locked in...

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Term Life Insurance Review 2016

Today I wanted to do a review of term life insurance for 2016. Term life insurance is recommended by many of the top financial advisors in the country such as Suze Orman, Dave Ramsey and Clark Howard. First, let’s start off by defining what term life insurance is. Here is a great definition from Wikipedia: term life is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed. The reason why term life insurance is so popular and highly recommend by the preeminent financial advisors mentioned above is that term life insurance provides the...

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Life Insurance: MetLife vs Allstate vs State Farm vs Mutual of Omaha

Life Insurance: MetLife vs Allstate vs State Farm vs Mutual of Omaha   Today, let’s take a look at four very popular insurance companies; MetLife, Allstate, State Farm and Mutual of Omaha and compare which is the best for life insurance. Of course “best” is subjective because it’s hard to quantify the value of having a local agent that has a brick and mortar office in your neighborhood and one that you may have a close personal relationship with but we here we will compare important information such as; financial ratings, prices and length of time in business.   Rate Comparison   ($500k 20 year term) Mutual of Omaha     MetLife      State Farm     Allstate $29.97              ...

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Primerica vs. Prudential vs. MetLife vs. Mutual of Omaha vs. Protective Life

Primerica vs. Prudential vs. MetLife vs. Mutual of Omaha vs. Protective Life Some of top underwriters of term life insurance in America today are; Primerica (Prime America), Prudential, MetLife, Mutual of Omaha, and Protective Life. If you’re are in the market for life insurance and are uncertain which company is best, this article will provide some additional information, including; ratings, prices, and other key facts to assist you in your search for the best term life insurance policy to protect your family and provide you with peace of mind that life insurance provides.   Financial Ratings A.M. Best Primerica    Prudential   MetLife   Mutual of Omaha   Protective Life A+                  A+          A+            A+...

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New York Life vs. MetLife vs. Prudential vs. AIG

New York Life vs. MetLife vs. Prudential vs. AIG           In this article I wanted to compare side-by-side some of the top life insurance companies in America today. Many shoppers in the market for life insurance seek the rates from these four companies in particular; New York, MetLife, Prudential and AIG. This is because the aforementioned companies are some of the most well-known in the United States and have been in business for over 125 years. So which company is best? How are they rated? How do their rates compare? Which one should you choose? Let’s take a closer look.   Financial Rating by A.M. Best New York Life              MetLife         Prudential                  AIG A++               ...

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Prudential Life Insurance Rating 2016

Are you looking for the up to date Prudential Life Insurance Rating 2016? Then you came to the right place. First, a quick overview on life insurance ratings. There are four major rating agencies used to evaluate the financial strength of life insurance companies. Those four are; A.M. Best, Standard & Poor’s, Moody’s Investors Services and Fitch. The foremost authority and the main rating agency many insiders and agents use is A.M. Best. As a general rule, as long as an insurer is graded with an (A-) or better from A.M. Best then that company is financially sound and you shouldn’t have to worry about as far as the company being able to payout any future claims. What are...

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MetLife Life Insurance Ratings 2016

MetLife Life Insurance Ratings 2016   There are many different rating agencies in America that assess life insurance companies. The foremost authority in rating agencies is A.M. Best. This is the primary rating you should use in looking how strong the insurer is financially. There are three other “main” rating agencies which I will list below along with MetLife’s life insurance rating.   A.M. Best MetLife Life Insurance Rating 2016 A.M. Best: A+   A.M. Best Ratings Scale Secure Vulnerable A++, A+ (Superior) B, B- (Fair) A, A- (Excellent) C++, C+ (Marginal) B++, B+ (Good) C, C- (Weak)   D (Poor)   E (Under Regulatory Supervision)   F (In Liquidation)   S (Suspended)   Fitch MetLife Life Insurance Rating...

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New York Life Insurance Rating 2016

A.M. Best New York Life Insurance Rating A.M. Best 2016– A++   Secure Vulnerable A++, A+ (Superior) B, B- (Fair) A, A- (Excellent) C++, C+ (Marginal) B++, B+ (Good) C, C- (Weak)   D (Poor)   E (Under Regulatory Supervision)   F (In Liquidation)   S (Suspended)   Fitch New York Life Insurance Rating Fitch 2016- AAA   AAA: Highest credit quality. ‘AAA’ ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. AA: Very high credit quality. ‘AA’ ratings denote expectations of very low default risk. They indicate very strong capacity for payment...

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Accidental Death Insurance Review

Accidental death insurance pays your loved ones if your death results from an accident. Accidental death insurance will not pay out any money if death results from sickness or natural causes. Many people are not aware of the difference between an accident and a natural cause. Common Causes of Accidental Death: Car crashes Accidental Falls Poisonings Accidental Drowning Assault by Firearm Suffocation Pedestrian accident Machinery Falling Objects Choking on Food   Common Causes of Natural Death: Heart Disease Cancer Stroke Respiratory Disease Alzheimer’s Diabetes Pneumonia Kidney Disease “Old Age” Infections As you can see from the list above, those who are over the age of 40 are statistically more likely to pass away from a natural cause then an...

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Companion Life Insurance Company Review

Companion Life Insurance Company Review   Pros: Price– Companion Life Insurance Company will often have the absolute lowest rate in the state of New York. Rating– Companion has an A+ Superior financial rating from the preeminent rating agency A.M. Best. Stability– Companion Life Insurance Company is a subsidiary of Mutual of Omaha, a Fortune 500 company that has been in business for over 100 years. Cons: There are not too many cons with this company. Just make sure to compare rates and underwriting qualifications to make sure they are the best company for you. Bottom Line: Companion Life Insurance Company, a subsidiary of Mutual of Omaha, is a top tier life insurance company with an A+ Superior financial rating....

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ReliaStar Life Insurance Company of New York Review

ReliaStar Life Insurance Company of New York Review (aka Voya Financial Life Insurance New York)   Pros: Rating– ReliaStar Life Insurance of New York (a subsidiary of Voya Financial, formerly known as ING) has an A (Excellent) rating from the preeminent rating agency A.M. Best. History– ReliaStar Life Insurance has been in business since 1885 and the New York office since 1917. $200,000 Price Break– ReliaStar offers price banding discount at the $200,000 face amount, often making them the lowest priced company in the country for those looking for a $200k life policy. Underwriting– ReliaStar offers very favorable underwriting for seniors over the age of 60. Also, ReliaStar will does not hold any family history of cancer against you...

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William Penn Life Insurance Company Review

William Penn Life Insurance Company Review   Pros: Rates– William Penn will typically be in the top 5 lowest priced life insurers in the state of New York, especially for healthy people and those with diabetes or significant health conditions. Table Rates (Substandard)-William Penn uses a standard plus table rate, meaning those in below average health or those that are above normal on the build chart can qualify for lower rates. Rating– William Penn has an A+ (Superior) A.M. Best financial rating and an 94 out of 100 Comdex score making them a top insurer just like their sister company Banner Life. History– William Penn is a subsidiary of Legal & General which has been in business since the...

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US Life Insurance Company Review

US Life Insurance Company Review (Also known as US Life and The United States Life Insurance Company of New York) Pros: Rates and Underwriting– US Life will typically offer some the lowest prices on life insurance in the state of New York. Similar to William Penn, US Life offers favorable rates and underwriting especially for diabetics.  Stability– The United States Life Insurance Company (US Life) is a part of AIG- (American General) which has been in business since 1850. Cons: There aren’t too many cons with US Life. Just make sure you compare rates to ensure you are receiving the best rate. Bottom Line: The United States Life Insurance Company of New York is AIG-American General’s life insurance company...

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Life Insurance Company Ratings 2015

When choosing a life insurance company, one of the first things you need look at is an insurers A.M. Best rating.  Although it just takes a second to do, it’s vitally important to ensure that you’re choosing a life insurance company that will be able to payout any future claims.  A.M. Best is the gold standard in evaluating life insurance companies.  A general rule of thumb when choosing an insurance company is to make sure the insurer has received an A.M. Best rating of A- (Excellent) or better.   2015 A.M. Best Rating Categories   A++, A+ (Superior)– Assigned to companies that have a superior ability to meet ongoing insurance obligations. (per the opinion of A.M. Best)   A, A-...

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Best Life Insurance Companies 2015

The Best Life Insurance Companies 2015 possess all of the attributes that you need in a life insurance company.  How did a company make our Best Life Insurance Companies 2015 list?  We looked at several factors, in combination such as; the best rates in the country, combined with a high A.M Best financial rating, favorable underwriting guidelines and having a great reputation as far as paying out claims in a timely manner.  These companies have been carefully monitored, researched and most importantly; are tried-and-true as they are the ones we trust to place our clients with.    Are All Life Insurance Companies the Same? No. Every life insurance company is different from another.  There are over nine hundred plus...

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CMFG Life Insurance Company Reviews

CMFG Life Insurance Company Reviews Pros: History– CMFG Life Insurance, also known as CUNA Mutual (Credit Union National Association) had been serving credit unions since 1935.  No Physical Exam– With CMFG, Life insurance coverage amounts under $200k typically won’t require a physical exam. Cons: There aren’t too many cons with CMFG Life Insurance Company. Bottom Line: CMFG Life Insurance Company, formally known as CUNA Mutual Insurance after a company reorganization, is a dominant insurer in the niche of serving credit union members.  In 2012, the company launched the TruStage insurance program to better market specifically to credit unions.  In reviewing their rates, CMFG Life Insurance Company does have competitive pricing but won’t have the absolute lowest premium available on...

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Trustage Life Insurance Review

Trustage Life Insurance Review Pros: Size– The number of credit union members served by the TruStage insurance program totals over 15 million which includes; life insurance, accidental death and dismemberment (AD&D) auto insurance and homeowners insurance as well as other insurance products.  Awards– TruStage’s apparent company, CUNA Mutual Group was nominated as one of the worlds most ethical companies by the Ethisphere Institute.   No Medical Exam– For life insurance policies under $200,000 a medical exam typically isn’t required.  History– TruStage’s apparent company, CUNA Mutual, has been serving credit unions since 1935. Cons: Doesn’t Shop for the Lowest Rates– Trustage which is part of CUNA Mutual, only offers rates from their apparent company- CMFG Life Insurance Company.  While TruStage- CMFG...

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(NSO) Nurses Service Organization Life Insurance Review

(NSO) Nurses Service Organization Life Insurance Review Pros: Convenience– For coverage amounts of $100,000 or less a medical exam typically won’t be required.  Also the application is simple and done online. Cons: Expensive– The rates are typically much more expensive compared what is available on open market (See the price comparisons below).  Limited Amount of Coverage– The maximum size life insurance policy with Nurses Service Organization is $200,000 which may not be enough protection for some families.  Rates Increase– The rates increase every 5 years on the Group Term Life Insurance plan. Bottom Line: The life insurance available through NSO- Nurses Service Organization, underwritten by The United Stated Life Insurance Company is convenient for those looking for a policy...

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Union Plus Life Insurance Review

Union Plus Life Insurance Review Pros: Convenience– The Term-to-70 Insurance product doesn’t require a health exam for coverage amounts under $150,000.  Strike Assistance– Premiums are waived for up to 3 months if the insurered is involved a union-sanctioned strike lasting for 30 days (for eligible states and unions). Cons: Expensive– In most cases, the coverage is more costly than what is available on the open market.  Not locked in– The prices on the Term-to-70 product increase every 5 years. Limited Amount of Coverage– The largest policy available is $250,000 which may not be enough protection. Bottom Line: Life Insurance offered by Union Plus which is underwritten by The Hartford Life and Accident Insurance Company is convenient for coverage amounts...

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Physicians Mutual Life Insurance Review

Physicians Mutual Life Insurance Review 2016 Pros: History– Physicians Mutual Insurance Company was founded in 1902 and in 1970, Physicians Insurance Company was established to offer life insurance.  Claims– Physicians Mutual Insurance Company pays out over $302 million in claims annually while Physicians Life Insurance Company pays out $125 million in claims annually.  Customer Service– Physicians Mutual received a 97% customer stratification score from a 2010 survey conducted by Weise Research Associates. Cons: Pricing– Their rates are not the most competitive with some of the other top life insurers on the market. (See price comparison below) Bottom Line: Physicians Mutual Insurance Company has been around since the turn of the century in 1902.  Physicians Mutual is an A (Excellent)...

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10 Year Vs. 20 Year Term Life Insurance Review

10 Year Vs. 20 Year Term Life Insurance Review Many people looking to purchase term life insurance have trouble deciding between a 10 year vs 20 year term life insurance policy.  While there are pros and cons to both, this article we break down and review the advantages and disadvantages of both to assist you in choosing the best term policy for your needs. What is Term Life Insurance? Before we begin to compare and contrast a 10 year vs. 20 year term life insurance, let’s first explain what term life insurance actually is.  Term life insurance provides life insurance protection for a specified period of time.  The coverage amount and price are fixed for the chosen term.  Term...

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Best Life Insurance Companies for Males Over 40

The best life insurance companies for males over 40 are highly rated, offer low rates and have favorable underwriting guidelines.  This will ensure you get the best policy to protect your family. Best Life Insurance Companies for Males Over 40 Once a man reaches the age of 40, most likely he has a family to support and the need for life insurance becomes very apparent.  But with so many life insurance companies out there to choose from which is the best one?  Well, here is an insider tip when it comes to life insurance, you can shop mostly on price.  Life insurance is one of the most regulated industries in America, so as long as you choose an insurer...

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Best Life Insurance Companies for Seniors Over 60

The best life insurance companies for seniors over 60 provide different policy options such as term life insurance, no-lapse universal life, simplified issue and guaranteed issue. They are also highly rated, have favorable underwriting guidelines and provide the lowest rates.  Since the life insurance needs of a senior over the age of 60 may be different than someone just starting out raising a family, it’s important to choose the right life insurance company and policy to make sure your financial obligations are take care of. Best Life Insurance Companies for Seniors Over 60 With so many different policies and companies to choose from, where do you start? We will go over the some of the most popular types of...

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Best Mortgage Life Insurance Companies

The best mortgage life insurance companies provide peace of mind that if you unexpectedly pass away your loved ones will be able to pay off the mortgage balance, erasing the burden of most people’s largest debt. Best Mortgage Life Insurance Companies 2015 While most people are familiar with how a mortgage works, choosing the best mortgage life insurance policy to protect your loved ones is not as well known.  This article will help you navigate the seas of mortgage protection and help you find one of the best mortgage insurance companies in America.   Mortgage Life Insurance Mortgage life insurance is a product typically sold by the mortgage lender or other specialty insurance company that pays off your mortgage...

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Alfa Life Insurance Review

ALFA Life Insurance Review Pros: Competitive Pricing– We found Alfa Insurance to have competitive life insurance rates, specifically on their 20 and 30 year term policies.  Convenience– Alfa Insurance is a full-service insurance company offering auto, home, farm, business, health, dental, watercraft, flood, umbrella, church and life insurance.  Many people find it much more convenient to have all their insurances with one company.  Stable– Alfa has been around since 1946 and has more than 1 million polices inforce. Website– Alfa’s website provides instant rate quotes and is also; simple, clean and easy to navigate. Cons: Their 10-year term rates were not the most competitive in our research. Bottom Line: Alfa Insurance has been around for over a half a...

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Unum Life Insurance Review

Unum Life Insurance Review Pros: History– Unum has been in business since 1848. Market Leader– Unum has been one the nation’s largest disability and voluntary benefits insurance companies for nearly four decades.  Awards– In 2013, Unum made Forbes list of America’s 100 Most Trustworthy Companies. Cons: Unum doesn’t have the least expensive rates for individual life coverage. (See price comparison below) Bottom Line: Unum is the top disability insurance company and the leading provider of employee benefit solutions in the United States.  In reviewing their individual life insurance rates, underwritten by Provident Life and Accident Insurance Company they were not the least expensive available.  The bottom line as with as with all the companies we review, we recommend that...

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Columbian Life Insurance Company Review

Columbian Life Insurance Company Review Pros: Stability– Columbian Mutual Life Insurance Company was established in 1882, making them a company your family can rely on.  Products– Columbian has a wide selection of life insurance products including their popular final expense policy that allows for a rider of level term insurance on the insured’s children, grandchildren or great grandchildren. Cons: We found their term life insurance rates to be expensive compared to what is available on the open market. (See the price comparison table below) Bottom Line: Columbian Life Insurance Company was founded over 130 years ago in Brooklyn, New York.  This longevity from an insurer is reassuring when purchasing a life insurance policy to protect your family.  Columbian Life...

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Security Mutual Life Insurance Review

Security Mutual Life Insurance Review Pros: History– Security Mutual Life was founded in 1886 proving they are a company your family can depend on in the future.  Dividends– For the past 122 years, Security Mutual Life paid a dividend to its policyholders. Cons: Their term life insurance rates are not the least expensive available. (See Price Comparison Table Below) Bottom Line: Security Mutual Life, which is now Security Mutual Life Insurance Company of New York (after a name change in 1960), is a stable life insurance company headquartered in New York that has been around for the past 128 years. They offer a wide selection of insurance products to help their clients meet their financial goals.  As with all...

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Group Life Insurance Review

Group Life Insurance Review Pros: Free Coverage– Most employers offer (1x) your annual salary of complimentary or very inexpensive life insurance as part of the group benefit package.  This type of coverage is a great deal and you definitely shouldn’t turn it down.  Convenience- The additional life insurance beyond the free group coverage (called voluntary life insurance or supplemental life insurance) typically doesn’t require a medical exam.  Minimal Underwriting– The supplemental life insurance through your employer typically has less underwriting making it a viable option for someone who may be uninsurable elsewhere. Cons: Expensive– The additional life insurance through your employer is typically much more expensive compared to what is available on the open market (see price comparison tables...

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MTL Insurance Company Review

MTL Insurance Company Pros: History– MTL Insurance Company has been around for over 100 years proving they are strong, stable life insurance company.  Cons: Their term life insurance rates are not the cheapest available. (See table below) Bottom Line: MTL Insurance Company formerly; Mutual Trust Life Insurance Company is known as “The Whole Life Insurance Company” as its specialty product is participating whole life insurance.  MTL has been around since 1904 and develops, underwrites and services individual life insurance and annuity products.  In comparing their term life insurance rates to the rest of the market they were not the cheapest.  As with all the companies we review, we recommend that you receive a quote from MLT Insurance Company and...

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Baltimore Life Insurance Company Review

Baltimore Life Insurance Company Review Pros: Stability– Baltimore Life has been in business for over 130 years and is the thirty-sixth oldest life insurance company in the U.S.  Cons:  Their term rates are not the most competitive and their A.M. Best rating is not in the A- (Excellent) or better category that see with many of the companies we review. Bottom Line: The Baltimore Life Insurance Company has been around since 1882 and has met their financial obligations (paid out claims) to their policyholders for the past 130 years.  Baltimore Life provides a variety of life insurance products to meet almost any need, including their popular life insurance solutions for seniors.  However, their financial rating of B++ is a...

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Royal Neighbors of America Review

Royal Neighbors of America Review Pros: History– Royals Neighbors of America was has been in business since the late nineteenth century and has a track record of stability. Variety of Products– Royal Neighbors Life Insurance offers an impressive selection of products that include: term life, whole life, universal life, annuities and popular final expense policies that offer an immediate underwriting decision at the point of sale. Cons: Royal Neighbors has competitive rates but often not the absolute lowest. Bottom Line: Royal Neighbors of America was founded by women over one hundred years ago and today is one of the largest women run life insurance companies in America.  RNA has an impressive selection of life insurance product offerings.  The bottom...

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Country Financial Life Insurance Review

Country Financial Life Insurance Review Pros: Size– Country Financial is ranked at #668 in 2014 on the Fortune 1000 list with $3.4 billion in revenues.  Local Agents– Country Financial employs the local agent business model which many people still prefer.  Variety of Products– True to their roots, Country Financial still offers farm and crop insurance in addition to the traditional; auto, home, renter’s, commercial, disability, life and commercial insurance. Rating– Country Life Insurance Company has an A+ (Superior) financial rating from the preeminent rating agency A.M. Best. Cons: Their life insurance rates are not the cheapest compared to what is available on the open market. (See the Price Comparison Table Below) Bottom Line: Country Financial is a highly rated...

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American Family Life Insurance Review 2016

American Family Life Insurance Review 2016 Pros: Discounts– American Family Insurance offers a five percent discount on their auto insurance rates if you or a member of your household has both an auto and life insurance policy with them. Variety of Life Insurance Products– American Family Insurance offers a wide range of life insurance policy options including: no medical exam life insurance, term life insurance, universal and whole life insurance.  Local Agents– American Family Life Insurance still uses a local agent business model.  Many consumers still prefer to conduct business with someone face to face with a brick and mortar office in their community. Size– American Family Insurance is a Fortune 500 company (#373 in 2014) with revenues in...

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National Western Life Insurance Review

National Western Life Insurance Review Pros: Stock Price– National Western Life Insurance Company is financially strong with an A (Excellent) rating from A.M. Best and a current stock price (as of this writing) is $247.83 a share. Advanced Product Offerings– NWL offers a diverse selection of life insurance interest sensitive life insurance products and annuity contracts for asset accumulation and retirement needs. Cons: Their term life insurance rates are not the most competitive available.  (See table below) Bottom Line: National Western Life Insurance Company has been around since 1956 and is a financially strong insurer that has an A (Excellent) rating from the preeminent rating agency A.M. Best.  National Western Life caters more to wealthy individuals as many of...

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Standard Life and Accident Review

Standard Life and Accident Review Pros: Competitive Pricing: Standard Life & Accident has very competitive rates on traditional term life insurance (see table below). Senior Friendly– SLAICO is recognized as a premier insurer for the senior market. Cons: Their website has some good information on various insurance products but when it comes to information on the insurance company itself it is very scarce. Bottom Line: Standard Life and Accident Insurance Company is a leading provider of Medicare Supplement insurance products for seniors.  They also offer very competitive pricing on traditional term life insurance.  As with all the insurers we review, we recommend you receive a quote from Standard Life and Accident Insurance Company but also from the other top...

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Illinois Mutual Life Insurance Review

Illinois Mutual Life Insurance Review Pros: Longevity– Illinois Mutual was founded in 1910 giving customers peace of mind IMLIC will be around to meet future obligations.  Top Seller List– Illinois Mutual is ranked 127 on the Top 200 Life Writers in America.  Family Operated Business– Illinois Mutual Life Insurance Company is a fifth generation family run mutual company that prides itself on top notch customer service. Cons: Illinois Mutual Life Insurance Company prices are not the cheapest available.  Also, their B++ (Stable) financial rating from A.M. Best is a little lower than the A (Excellent) to A++ (Superior) range that we normally like to see from a top life insurer. Bottom Line: Illinois Mutual Life Insurance Company is a...

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Pan-American Life Insurance Company Review

Pan-American Life Insurance Company Review Pros: History– Pan-American Life has been in business for over 100 years demonstrating a track record of stability.  Strong Latin America Presence– Pan-American is one of the leading underwriters in Latin America and the Caribbean.  Hispanic Community– Pan-American Life is ranked number eleven on HispanicBusiness 100 list of the largest Hispanic businesses in the United States. Cons: Their term life insurance rates are not the least expensive available (see the price comparison table below). Bottom Line: Pan-American Life is a strong insurance company as it has been around for over one hundred years with an A (Excellent) financial rating by A.M. Best in 2014.  While Pan-American Life Insurance Company may not be a household...

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EMC National Life Company Review

EMC National Life Company Review Pros: Plethora of Life Insurance Products– EMC National Life Company (EMCNL) offers a very wide range of life insurance solutions to fit nearly any need.  Record High Capital Surplus– EMC National Life ended 2013 with a company record high in capital and surplus with $93.60 million in reserve. Cons: There aren’t too many cons with EMC National Life.  Although, they’re competitive on pricing they typically will not have the absolute lowest rate in the country on their term products.  Also, the company is relatively new, formed in 2003, in comparison to other top insurers. Bottom Line: EMC National Life Company, and affiliate of EMC Insurance Companies (EMC), is a solid insurance company with competitive...

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Motorists Life Insurance Company Review

Motorists Life Insurance Company Review Pros: Independent Agents– Motorists Mutual Insurance Company employs the independent agent business model.  This means their agents are often local members of the community and meet the client face to face, which many people prefer. Growing Company– From 2002 to 2012, their assets have increased by 84%. Cons: Their rates aren’t the lowest available. (See Price Comparison Table Below) Bottom Line: Motorists Life Insurance Company is a solid life insurer that has been around since 1965 and has seen an eighty-four percent increase in growth from 2002 to 2012.  They are also a part of the Motorists Insurance Group of companies which are a solid group of insurance companies that has been around since...

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NEA Life Insurance Review

NEA Life Insurance Review Pros: No Medical Exam on Group Plan– No physical exam is required (only health qualifying questions) for coverage amounts under $300,000. Unemployed Benefit– A nice added benefit is that the NEA Insurance Trust will pay your premiums for up to twelve months if you lose your job.  Family Plan– A spouse and dependent children are eligible for coverage. Issuing Company– Prudential Insurance Company of NJ is the life insurance company who issues the policy and is one of the top life insurance companies in the nation.  Instant Quotes– The NEA life insurance website is very user friendly and provides instant rates for all of their life insurance products. Cons: Expensive– For both the Group Term...

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Stonebridge Life Insurance Review

Stonebridge Life Insurance Review Pros: Financial Ratings– Stonebridge Life Insurance Company has an A+ (Superior) financial rating from A.M. Best and a 95 out of 100 Comdex ranking.  Convenient– Stonebridge Life offers no exam life insurance and accidental death policies which makes obtaining a life insurance policy quick and easy. Cons:  Expensive– Their rates are expensive compared to other no exam policies that are available (see table below).  Rates are only guaranteed for the first year on their term policy– Their 10 and 20 year term products only guarantee the rates for the first year compared to traditional level term policies that lock in the rate for the entire term. Bottom Line: Stonebridge Life Insurance Company is very highly...

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10-Year Level Term Life Insurance Review

10-Year Level Term Life Insurance Review Pros: Cheap– The ten year level term is the cheapest term length available (from the four most common term policy options of: 10, 15, 20 and 30 years).  Fixed rate– As with all the different term lengths, level term life insurance locks in the rate preventing any rate increases during the selected term.   No pre-payment penalty– A great feature of level term life insurance is the fact that you can cancel the policy anytime without penalty.  Conversion– Most level term life insurance policies now offer the option to convert your term policy into a permanent policy without a health exam or any medical questions. Cons: Duration may not be ideal for many people– ...

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Life Insurance Comdex Rankings 2014-Insurers 250 to 500

Life Insurance Comdex Rankings 2014-Insurers 250 to 500 This list of Life Insurance Comdex Rankings 2014-Insurers 250 to 500 is a continuation of Life Insurance Comdex Rankings-Top 250 Rated Companies in 2014 post.  Many of the life insurance companies on this list, unlike the previous list, do not have a Comdex ranking; meaning they have only received one or have not received a rating from one of the four main rating agencies. Why Are Financial Ratings Important? Financial ratings provide an independent third-party evaluation to help determine the ability of the life insurer to live up to its financial responsibilities to the policyholder.  What is the point of paying for life insurance if they may not be around to payout...

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20-Year Level Term Life Insurance Review

20-Year Level Term Life Insurance Review If you’re in the market for term life insurance, one of the decisions you will have to make is which term length to choose.  Term lengths, (for most companies) range from; 10, 15, 20 and 30 years in duration.  Some insurers offer a 25 year term as well.  The most popular life insurance term length is a 20 year level term. What is level term life insurance? Level term life insurance simply means that the premiums and the coverage amount are fixed for the term period.  So for a 20 year level term, the premium and coverage amount won’t change regardless of age or health for the next twenty years.  This is why...

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Ameritas Life Insurance Review

Ameritas Life Insurance Review Pros: Variety of Products– Ameritas offers a wide range of products and services including: life insurance (term, universal, variable universal and whole), annuities, individual disability income insurance, group dental, vision and hearing care insurance, retirement plans, investments, mutual funds, asset management and public finance.  Tradition– Ameritas Life Insurance Company was established in 1887 as Old Line Bankers Life Insurance Company.  BBB Rating– Ameritas Life Insurance Corp was accredited by the Better Business Bureau in 1948 and has an A+ rating. Cons: There aren’t too many cons this company.  One this we found is that their term rates are typically not the cheapest available. Bottom Line:  Ameritas Life Insurance Corp (a member of the UNIFI Mutual...

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Grange Life Insurance Company Review

Grange Life Insurance Company Review Pros:  Rates– Grange Life Insurance Company offers some of the best rates in the entire nation.  Variety of Insurance Products– In addition to life insurance, Grange offers auto, home, business and even farm insurance. Some insured’s prefer to have all of their insurance policies in one place.    Cons: There aren’t too many cons with this company although their Comdex ranking is not as high as many of the other insurers we reviewed. Bottom Line: Grange Life Insurance Company is an excellent life insurance company.  They have some of absolute lowest rates in the entire country.  Grange is not known as a national company since they offer insurance only in these states: Georgia, Illinois,...

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