March, 25 2017

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Assurity Life Insurance Company Review

Assurity Life Insurance Company Review

Author
  • Price
  • Underwriting
  • Financial Strength

Assurity Life Insurance Company Review

Pros:  Longevity- Assurity Life Insurance Company’s origins date back to the late 1800’s.  BBB rating- The Better Business Bureau accredited Assurity Life Insurance Company and gave it an A+ rating as well as a recent BBB Integrity Award.  No medical exam policy- Assurity Life has a popular no medical exam life insurance policy with coverage up to $350,000 and can be issued within 10 days or even sooner.

Cons: While Assurity’s prices are competitive, other insurers may have lower pricing on certain products. (See the tables below)

Bottom Line:  Assurity Life has been around for nearly 125 years and offers a wide range of financial products.  Their no medical exam life insurance policy is a favorite of agents and their clients looking for a quick no physical life insurance policy, although sometimes not the lowest priced.  The bottom line is that you can’t go wrong with a policy from Assurity Life but also recommend to compare rates from multiple companies to ensure you are getting the best deal.

 

About

Type: Private

Issued by: Assurity Life Insurance Company

Founded: Roots date back to 1890

Website: assurity.com

Phone: (800) 869-0355

Address: 2000 Q St Lincoln, NE, 68503 United States

A.M Best Rating: A- (Excellent) Fourth highest of 16 possible ratings

Comdex Ranking: NA

BBB Rating: A+

Competitors: Sagicor Life Insurance Company, ANICO, Fidelity Life, Americo, Prudential Life Insurance, Transamerica, New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, Ohio National Life, AIG, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar.

 

Price Comparisons

Sample rates for a 250,000 no exam policy, 20 year term for a 40 year old male- very healthy (Preferred Rate)

AgeAssuritySagicorANICO 
30$28.28$22.73$29.16
40$58.29$38.45$44.71
50$131.59$85.68$987.06

Sample rates for a 250,000 no exam policy, 20 year term for a 40 year old male- (Standard rate class)

AgeAssuritySagicorANICO 
30$56.33$29.16$29.16
40$119.97$53.96$44.71
50$270.79$130.55$98.06

 

Summary
Review Date
Reviewed Item
Assurity Life Insurance Company
Author Rating
4