August, 19 2017

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Life insurance reviews, news and prices from the top companies

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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Symetra Life Insurance Company Review

Symetra Life Insurance Company Review Pros: Size– Symetra has over $29 billion in assets and is a top 40 U.S. life insurance company (based on admitted assets). Financial Performance– Symetra Life Insurance Company was named to “Ward’s 50” as a top performing insurance company for 2013, based on financial performance.  Life insurance with prostate cancer– Symetra Life Insurance Company offers a policy through LifeAgain called BlueMetric Select for men with prostate cancer. Cons:  Symetra Life Insurance Company’s underwriting guidelines are strict for applicants with a parent or sibling with a family history of heart disease or coronary disease before age 60. Bottom Line: Symetra Life Insurance Company (formerly known as Safeco Life Insurance Company) is an excellent life insurance...

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Cheapest Life Insurance Companies by Term

Cheapest Life Insurance Companies for a 10, 15, 20 and 30 Year Term Searching for the cheapest life insurance companies by term length can be a daunting task if you don’t know where to look.  The reality is that most people overpay for their life insurance because they fail to compare the prices from the best life insurance companies 2014.  This article will show you which companies will offer the lowest prices for a particular term.  Who are the cheapest life insurance companies by term? Let’s take a look at the companies who offer the best prices by term length. Important note: Keep in mind that each life insurance has different underwriting guidelines and some companies are stricter in...

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Cheapest Life Insurance Companies for Healthy People

Cheapest Life Insurance Companies for Healthy People If you’re a healthy individual and in the market for life insurance, which insurers offer the best rates?  The answer will depend on many different factors such as your; age, build, family history, medication history, driving history, occupation, avocation and tobacco use.  The reality is there are over 900 life insurance companies and each one will underwrite and price you differently.  For the purposes of this article, let’s take a look at the sample rates & companies for a 40-year old male, in excellent health (top health class), for a $500,000 policy on a 20-year level term.  Click on each company for more information. Company A.M.Best Rating Annual  Monthly Policy Rating Class...

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