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Banner Life Insurance Company Review 2017

Posted by on Feb 19, 2017 in No Exam, Term Life | 0 comments

Banner Life Insurance Company Review 2017

Banner Life Insurance Company Review 2017 Pros: Price-Banner Life Insurance Company will often have the best rates in the entire country on term life insurance. In fact, in February 2017, Banner lowered their rates again.  Rating– Banner has an A+ (Superior) financial rating from A.M. Best and a 94 out of 100 Comdex score.   Underwriting– Banner Life has great underwriting in many areas; especially for healthy people, diabetics, people with significant health issues including those with substandard or table rated health history. Company History– Banner is a subsidiary of Legal & General which has been in business since 1836 and is one of the oldest life insurance companies in the world.  Size– Banner Life issued $50 billion in new coverage in 2015 which ranked 5th in the United States, more than most other well-known companies. Cons: There aren’t too many negatives about Banner Life.  They are not a household name such as MetLife or Prudential but they have the same A+ financial rating and often have lower rates. Bottom Line: Banner Life Company is one of the best life insurance companies in America today in 2017.  They will often have the lowest rate in the entire country for term life insurance.  Banner Life is in unique in that they will have the lowest rates but they also have an A+ Superior financial rating. Combine that with their 180 year history and excellent underwriting and it’s easy to see why Banner is one of the best term life insurance companies in America in 2017. About Type: Public Limited Company Subsidiary of: Legal & General Founded: 1836- Legal & General Underwritten by: Banner Life Insurance Company Website: lgamerica.com Phone: (800) 838-8428 Address: 3275 Bennett Creek Avenue, Maryland, 21704 A.M Best Rating: A+ (Superior) 2nd highest of 16 possible ratings Comdex Ranking: 94 out of 100 Insurance In-Force: $658 Billion Assets: $7.3 Billion Customers- Over one million U.S. customers and ten million worldwide, 5th largest issuer of new life insurance in America Competition: New York Life, Northwestern Mutual, Mass Mutual, MetLife, John Hancock, Principal, State Farm, Allstate, AIG, Mutual of Omaha, Ohio National Life, SBLI, Protective Life, Primerica, State Farm, USAA, Pacific Life Insurance, North American Co, Lincoln National Life,  AAA, Transamerica, Prudential.   Banner Life Insurance Term Life Insurance Rates 2017 vs. The Competition Below are the annual sample rates for a 51 year old male, 6’0’’ 200 lbs seeking $250k 20 year term policy. Banner Life- $578.81 year (Lowest rate in the country) Protective Life-$578.82 year AIG- $581.50 year Midland National- $582.50 year North American- $582.50 year Principal- $583.99 year Mutual of Omaha- $585.00 year Prudential- $585 year Pacific Life- $597.50 year AAA- $605.00 year Cincinnati Life- $607.50 year MassMutual- $672.50 year Nationwide- $725 year Primerica- $732.50 year John Hancock- $760.75 year Buy it or keep looking? As an independent agent who has access to the top companies in America, I can tell you from experience that Banner Life is one of those companies who is almost always at the top of the list.  Not only are they the one of best priced term companies in America, they have an A+ Superior A.M. Best financial rating and favorable underwriting.  You can keep looking if you receive a quote from Banner but you probably won’t find a much better deal as...

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3 Best Life Insurance Companies for Diabetics 2017

Posted by on Feb 12, 2017 in Term Life, Universal Life, Whole Life | 0 comments

3 Best Life Insurance Companies for Diabetics 2017

The 3 best life insurance companies for diabetics 2017 offer the best prices, favorable underwriting and are highly rated by A.M. Best. These companies view the risk of insuring a diabetic more favorably than the other life insurance companies in way of offering a better health class and in turn a lower rate. Diabetic underwriting for life insurance has come a long way, especially in the last 10 years. In the past, a well-controlled diabetic was given at best a sub-standard rate but today diabetics can receive a better than average health class which means a much lower premium.  What Factors Do Life Insurance Companies Look For With Diabetes? Hemoglobin A1c– The first thing life insurance companies look for to determine if some is considered diabetic or per-diabetic is their A1c reading.  An A1c test is used to measure the average level of glucose (sugar) in the blood over the last two to three months. The number that nearly every life insurance uses to determine if someone is considered diabetic, pre-diabetic or has elevated blood sugar is 6.0.  Once someone has reached a 6.0 or above that applicant will receive diabetic rates, even if it was in their past (verified through medical records).  To receive the best rates as a diabetic, your A1c reading needs to be between 6.0 and 6.9.  Once it reaches 7.0 to 7.9 it will typically affect the rate by one health class, and once it reaches 8.5 or above the rates increase significantly. Anything over 9 or 10 will typically be a decline depending on the insurance company. Age of Diagnoses– The other major factor used by life insurance companies when underwriting a diabetic or per-diabetic is the age of diagnoses.  Most companies will offer a better rate if someone was diagnosed with elevated A1c over the age of 50.  However, there is one company that will offer favorable rates over the age of 40, if certain criteria are met. Smoking– For those who smoke cigarettes and have diabetes this will impact the rate as well, some companies more than others. To be considered a non-smoker with life insurance you cannot have smoked any cigarettes for 12 months. Who Has the Best Life Insurance Rates for Diabetics in 2017? Prudential– Prudential is our favorite company right now for diabetics seeking life insurance in 2017. This is because they will offer a standard plus rate for most well-controlled diabetics with an A1c less than 7.0 that were diagnosed over the age of 50. Prudential currently offers healthy individuals diagnosed over the age of 40 the opportunity to qualify for a standard plus rate as well as long as certain criteria are met.   Banner Life– Banner Life Insurance Company has very favorable underwriting and prices as well for diabetics. They will offer a standard plus rate for those diagnosed with diabetes over the age of 50 with an A1c at 6.9 or less, as long as the person is otherwise healthy. Also, for those with A1c’s over 7.0 or greater or if they have other health issues in addition to the diabetes Banner will often have the lowest rates in the country.   Mutual of Omaha– Mutual of Omaha (United of Omaha) also offers standard plus rates for well-controlled diabetes with an A1c less than...

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Top Rated Life Insurance Companies 2017

Posted by on Feb 4, 2017 in Top Rated Life Insurance Companies 2017 | 0 comments

Top Rated Life Insurance Companies 2017

Top Rated Life Insurance Companies 2017 Here is a list of the top rated life insurance companies 2017.  We sorted the list by A.M. Best rating which is the leading life insurance rating agency.  The highest rating that is possible is an A++ Superior financial rating, followed by an A+ Superior financial rating, and then an A Excellent financial rating, below that is an A- Excellent rating. Many financial experts say that when choosing a life insurance company make sure the company has an A Excellent financial rating or better from A.M. Best.  This means the insurer was deemed be financially strong and has an Excellent ability to payout future claims.   A.M. Best Life Insurance Rating Table 2017   A++ Superior Rated Term Life, Universal Life and Whole Insurance Companies 2017 Northwestern Mutual Life Insurance Company New York Life Insurance Company Knights of Columbus Berkshire Hathaway Life Insurance Company Teachers Insurance and Annuity Association (TIAA-Cref Life Insurance Company) Thrivent Financial for Lutherans USAA Life Insurance Company Massachusetts Mutual Life Insurance Company (MassMutual) State Farm Life Insurance Company Guardian Life Insurance Company of America C M Life Insurance Company MML Bay State Life Insurance Company   A+ Superior Rated Term Life, Universal Life and Whole Insurance Companies 2017 Metropolitan Life Insurance Company (MetLife) United of Omaha Life Insurance Company (Mutual of Omaha) Prudential Life Insurance Company (Pruco Life Insurance Company) Transamerica Life Insurance Company Protective Life Insurance Company Jackson National Life Insurance Company Banner Life Insurance Company (Legal & General) Great-West Life & Annuity John Hancock Life Insurance Company Western-Southern Life Insurance Company Allianz Life Insurance Company Integrity Life Insurance Company Lafayette Life Insurance Company RiverSource Life Insurance Company American United Life Insurance Company State Life Insurance Company Companion Life Insurance Company Sun Life Assurance Company AXA Equitable Life Insurance Company William Penn Life Insurance Company Minnesota Life Insurance Company Securian Life Insurance Company Lincoln National Life Ins Company Penn Mutual Life Insurance Company Allstate Life Insurance Company Globe Life and Accident Insurance Company American Income Life Insurance Company (AIL) Principal Life Insurance Company Nationwide Life Insurance Company Pacific Life Insurance Company Midland National Life Insurance Company Ohio National Life Insurance Company Fidelity Investments Life Insurance Company North American Company for Life & Health Insurance Liberty National Life Insurance Company Primerica Life Insurance Company MONY Life Insurance Company Reliance Standard Life Insurance Company American Heritage Life Insurance Company Cincinnati Life Insurance Company   A Excellent Rated Term Life, Universal Life and Whole Insurance Companies 2017 American Family Life Insurance Company American General Life Insurance Company (AIG) Anthem Life Insurance Company Aetna Health & Life Insurance Company Ameritas Life Insurance Corp United States Life Insurance of NY Texas Life Insurance Company Great American Life Ins Co Life Insurance Company of the Southwest National Life Insurance Company (National Life Group) CMFG Life Insurance Company (CUNA Mutual Group) American National Insurance Company (ANICO) Hartford Life & Accident Insurance Company Mutual Trust Life Insurance Company (MTL) Pan-American Life Insurance Company Provident Life & Casualty Insurance Company Blue Shield of CA Life & Health Insurance Company Standard Life Insurance Company of NY American National Life Insurance of NY Symetra Life Insurance Company Unum Life Insurance Company of America ReliaStar Life Insurance Company (Voya) Horace Mann Life Insurance Company Savings Bank Life Insurance Company of...

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Life Insurance Ratings 2017

Posted by on Feb 3, 2017 in Life Insurance Ratings 2017 | 0 comments

Life Insurance Ratings 2017

Life Insurance Ratings 2017 Are you looking for the current life insurance ratings 2017? Then you have come to the right place.  With so much information on the web it’s difficult to find a resource that has all of the top life insurance companies with their current financial ratings.  This list below has the ratings from the four main rating agencies; A.M. Best, S&P, Moody’s and Fitch.  We’ve also include the Comdex score.  This is the average of the four ratings. Life Insurance Ratings Comparison Table 2017   Company Name State A.M. Best S&P Moody’s Fitch Comdex Ranking 1 Northwestern Mutual Life Ins WI A++ AA+ Aaa AAA 100 2 New York Life Ins Co NY A++ AA+ Aaa AAA 100 3 New York Life Ins & Ann DE A++ AA+ Aaa AAA 100 4 Knights of Columbus CT A++ AA+ 100 5 Berkshire Hathaway Life of NE NE A++ AA+ 100 6 General Re Life Corporation CT A++ AA+ 100 7 Northwestern Long Term Care WI A++ AA+ Aaa AAA 100 8 Teachers Ins & Ann Assoc NY A++ AA+ Aa1 AAA 99 9 Thrivent Financial Lutherans WI A++ AA+ 99 10 USAA Life Ins Co TX A++ AA+ Aa1 AAA 99 11 TIAA-CREF Life Ins Co NY A++ AA+ Aa1 AAA 99 12 Thrivent Life Ins Co MN A++ AA+ 99 13 Berkshire Life Ins Co of Amer MA A++ AA+ AA+ 99 14 USAA Life Ins Co of NY NY A++ AA+ Aa1 99 15 Massachusetts Mutual Life Ins MA A++ AA+ Aa2 AA+ 98 16 State Farm Life Ins Co IL A++ AA Aa1 98 17 Guardian Life Ins Co of Amer NY A++ AA+ Aa2 AA+ 98 18 Guardian Ins & Ann Co Inc DE A++ AA+ Aa2 AA+ 98 19 C M Life Ins Co CT A++ AA+ Aa2 AA+ 98 20 MML Bay State Life Ins Co CT A++ AA+ Aa2 AA+ 98 21 State Farm Life & Acc Assur Co IL A++ AA Aa1 98 22 Allianz Life Ins Co of NY NY A+ AA 97 23 CSI Life Ins Co NE A+ AA 97 24 Great-West Life & Ann CO A+ AA Aa3 AA 96 25 Western-Southern Life Assur OH A+ AA Aa3 AA 96 26 Western & Southern Life Ins OH A+ AA Aa3 AA 96 27 Integrity Life Ins Co OH A+ AA Aa3 AA 96 28 National Integrity Life Ins Co NY A+ AA Aa3 AA 96 29 Metropolitan Tower Life Ins Co DE A+ Aa3 96 30 Lafayette Life Ins Co OH A+ AA AA 96 31 Columbus Life Ins Co OH A+ AA Aa3 AA 96 32 Great-West Life & Ann NY NY A+ AA Aa3 AA 96 33 RiverSource Life Ins Co MN A+ AA- Aa3 95 34 American United Life Ins Co IN A+ AA- 95 35 Swiss Re Life & Health America MO A+ AA- Aa3 95 36 Munich American Reassur Co GA A+ AA- 95 37 RiverSource Life Ins Co of NY NY A+ AA- Aa3 95 38 State Life Ins Co IN A+ AA- 95 39 Hannover Life Reassur Amer FL A+ AA- 95 Company Name State A.M. Best S&P Moody’s Fitch Comdex Ranking 40 Companion Life Ins Co NY A+ AA-                  95 41 HCC Life Ins Co IN...

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Best Life Insurance Companies in 2017

Posted by on Jan 29, 2017 in Best Life Insurance Companies in 2017 | Comments Off on Best Life Insurance Companies in 2017

Best Life Insurance Companies in 2017

The best life insurance companies in 2017 offer a combination of the lowest prices in the country, a top financial rating, a long trusted company history and solid reputation that your family can rely on.  These are the companies that we put our clients with because they have been proven to be the best. How to Choose One of Best Life Insurance Companies in 2017 There are many different ways to choose a life insurance company.  The most common way is of course is price, followed by three equally other as important criteria factors; financial rating, how long the company has been in business and how favorable their underwriting is for your profile. Price Financial Rating Company History Underwriting Price Price should be the first thing you look at when choosing a life insurance company.  The first thing people might bring up are the old proverbs “Don’t you get what you pay for”? Or “The cheapest price isn’t always the best,” however, with life insurance you can shop based on price.  This is because all term life insurance policies are basically the same.  The truth is that all life insurance companies and polices will payout a valid claim as long as you choose a highly rated, reputable company.  Life insurance is one of the most regulated industries in the country.  If you are honest on your application the policy will payout no matter which company you choose (as long as it’s a reputable company); therefore, when choosing a company the first thing you want to look at is price. Financial Rating The insurer’s financial rating should be the second thing you look at when choosing a life insurance company in 2017.  A life insurance company’s financial rating is an independent third-party evaluation to help determine the ability of an insurer to fulfill its financial obligations to the policyholder. The preeminent rating agency used in evaluating life insurance companies today is A.M. Best. A.M. Best has six secure ratings and many more ratings that are considered vulnerable.  When looking a life insurance company you want to choose a secure company with an A “Excellent” rating or better by A.M. Best.  Below is the A.M. Best life insurance rating scale in 2017. 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)   Company History When shopping for life insurance it’s important to look for a company that has been in business for a long time.  Most of the top life insurance companies in America have been in business for 100 or more years.  This means they have survived two world wars, the great depression and other major events in U.S. history and are still thriving today.  This is a company your family can rely and give you the peace of mind of being with a sound life insurance company. Underwriting An important component in life insurance is underwriting.  Most companies will have their own “niche” and will offer a better price over another insurer.  For example, some insures will penalize you for taking a blood pressure medication while there are others that won’t. There are a few companies that are very favorable for diabetics while there are many that...

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Largest Life Insurance Companies 2016

Posted by on Jun 26, 2016 in Term Life, Universal Life, Whole Life | Comments Off on Largest Life Insurance Companies 2016

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- Financial Rating A+ New York Life– $265 billion- Financial Rating A++ Northwestern Mutual– $230 billion- Financial Rating A++ Lincoln Financial– $227 billion- Financial Rating A+ Transamerica– $209 billion- Financial Rating A+ MassMutual– $209 billion- Financial Rating A+ Voya Financial– $194 billion- Financial Rating A Jackson National– $190 billion- Financial Rating A Hartford Life– $177 billion- Financial Rating A- AXA Financial– $170 billion- Financial Rating A+ Principal Financial– $154 billion- Financial Rating A+ Nationwide- $136 billion- Financial Rating A+ Allianz– $118 billion- Financial Rating A+ Pacific Life– $118 billion- Financial Rating A+ Ameriprise Financial– $111 billion- Financial Rating A+ Aflac- $101 billion- Financial Rating A+ Thrivent Financial For Lutherans– $80 billion- Financial Rating A++ State Farm– $66 billion- Financial Rating A++ Guardian– $64 billion- Financial Rating  A+ *Largest life insurance companies in the U.S. by assets in 2014 Share...

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GGT and Life Insurance- What You Need to Know

Posted by on Jun 19, 2016 in Term Life, Universal Life, Whole Life | Comments Off on GGT and Life Insurance- What You Need to Know

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  Elevated GGT Levels? One of the most common causes of elevated GGT levels is due to excessive alcohol consumption, either over a long period of time or weeks prior to the test. However, increased GGT levels can also be caused by other serious health issues. Also, numerous drugs can raise GGT levels, including barbiturates and phenytoin. GGT elevation has also been occasionally reported following NSAIDs, St. John’s wort, Kava, and aspirin.  Elevated levels of GGT can also be due to heart failure. (Cited: Wikipedia https://en.wikipedia.org/wiki/Gamma-glutamyl_transpeptidase#cite_note-ruttmann-20) GGT Levels Life Insurance Normal Range Reference Ranges- Normal Values Remember, every life insurance has their own underwriting guidelines.  The numbers below are considered normal range.  However, GGT underwriting criteria will vary from one insurance company to the next, in addition to other underwriting factors. Males 1-6 years: 7-19 U/L 7-9 years: 9-22 U/L 10-13 years: 9-24 U/L 14-15 years: 9-26 U/L 16-17 years: 9-27 U/L 18-35 years: 9-31 U/L 36-40 years: 8-35 U/L 41-45 years: 9-37 U/L 46-50 years: 10-39 U/L 51-54 years: 10-42 U/L 55 years: 11-45 U/L > or =56 years: 12-48 U/L Females >1 year: 6-29 U/L (Cited: Mayo Clinic http://www.mayomedicallaboratories.com/test-catalog/Clinical+and+Interpretive/8677) Has Your GGT Affected Your Life Insurance Rates? If you applied for life insurance recently and your price changed or if you were declined altogether due to your GGT levels, you have several options.  First, every life insurance company has different underwriting guidelines.  While one company may increase your rate or decline you others may not. There are over 900 life insurance companies in America today.  Similar to other insurances, some life insurance companies are favorable is certain categories of underwriting while others are stricter.  Additionally, some companies offer healthy credits; meaning,  if you are healthy in many areas, they may still offer a good rate or insure you if something adverse comes back on the lab work or another underwriting factor. What to Do If You Have Elevated GGT Levels It’s important to work with an independent broker who can shop the top companies to ensure you receive the best rate.  If you applied and your rate did increase or you were declined due to GGT, and you know your GGT and liver function levels, the agent can do a “quick quote” (send an email to the underwrites of the different insurance company) to see if another company will insure you and who will offer the best price with your specific GGT level reading. However, if your GGT reading was extremely elevated and after a quick quote, no other companies will insure you, you can opt for an accidental...

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

Posted by on Jun 13, 2016 in Term Life | Comments Off on 25 Year Level Term Life Insurance- Is it a Good Deal?

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 old male who is in great health seeking a $250k policy to protect his family.  The rates below are from AIG. A 40 Year Old Male at the best health class $250,000 20 Year Term- $20.02 month $250,000 25 Year Term- $29.11 month $250,000 30 Year Term- $33.43 month As you can see the price difference between the 20 and 30 year term is significant; however, the difference between the 25 and 30 year isn’t vast, so many applicants select either the 20 or 30 year term depending on their needs and budget.  However, the 25 year term length is a good option to have available for those who need coverage for more than 20 years but don’t need the policy for the full 30 years.  (All will allow you to cancel anytime without a penalty.) When a 25 Year Term Life Insurance Policy Makes Sense The two most common instances when it’s best to select a 25 year term policy are: -For applicants over the age of 59 years old and want to secure the rate for the longest term available. For those between the ages of 59 to 65 the longest term available is a 25 year level term.  The 30 year is no longer available; however, the 25 year does have competitive pricing and will allow one to secure the rate for the next 25 years with the option to cancel at any time without penalty. -For those who need the life insurance coverage for a specific time, i.e. the next 25 years. Examples are someone who has 25 years left on a mortgage or loan, someone who wants to protect a child until they’re out of college or until a specific retirement age, etc. Sample Rates for a 59 Year Male at the Preferred Plus Rate Class: $100,000 25 Year Term- $100.01 month $150,000 25 Year Term- $145.10 month $200,000 25 Year Term- $191.34 month $250,000 25 Year Term- $209.91 month $300,000 25 Year Term- $247.91 month $350,000 25 Year Term- $288.30 month $400,000 25 Year Term- $328.79 month $450,000 25 Year Term- $369.10 month $500,000 25 Year Term- $387.10 month   Sample Rates for a 59 Year Female at the Preferred Plus Rate Class: $100,000 25 Year Term- $72.89 month $150,000 25 Year Term- $104.88 month $200,000 25 Year Term- $137.71 month $250,000 25 Year Term- $144.37 month $300,000 25 Year Term- $172.14 month $350,000 25 Year Term- $199.90 month $400,000 25 Year Term- $227.67 month $450,000 25 Year Term- $255.43 month $500,000 25 Year Term- $261.58 month   25 Year Level Term Life Insurance-...

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

Posted by on Feb 28, 2016 in Term Life, Universal Life, Whole Life | Comments Off on Life Insurance: $1,000,000 vs $500,000 vs $250,000 vs $100,000

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 $212.50 $18.59      A+ MetLife Insurance Company USA $214.00 $19.26      A+ Ohio National Life Assurance Corporation $215.00 $18.60      A+ Ohio National Life Assurance Corporation $230.00 $19.90      A+ Security Mutual Life Insurance Co of NY $230.00 $20.70      A- Protective Life Insurance Company $232.16 $19.97      A+ AAA Life Insurance Company $235.00 $20.68      A- Symetra Life Insurance Company $245.00 $21.44      A Minnesota Life Insurance Company $253.00 $22.26      A+ Ohio National Life Assurance Corporation $255.00 $22.06      A+ The Penn Mutual Life Insurance Company $255.00 $22.19      A+ Midland National Life Insurance Company $255.00 $22.44      A+ North American Co for Life and Health $255.00 $22.44      A+ Pacific Life Insurance Company $260.00 $21.68      A+ TIAA-CREF Life Insurance Company $262.25 $22.95      A++ Ameritas Life Insurance Corp $265.00 $22.81      A American National Insurance Company $265.00 $22.90      A Principal National Life Insurance Co $268.69 $23.51      A+ American General Life Insurance Company $269.00 $23.27      A MetLife Insurance Company USA $269.00 $24.21      A+ American United Life Insurance Company $270.00 $23.76      A+ Banner Life Insurance Company $271.66 $23.77      A+ Savings Bank Life Insurance Co of MA $271.67 $23.64      A+ Guardian Life Insurance Co of America $275.00 $23.60      A++ Cincinnati Life Insurance Company $280.00 $24.64      A National Life Insurance Company $280.00 $24.64      A Guardian Life Insurance Co of America $285.00 $24.46      A++ ReliaStar Life Insurance Company $285.00 $24.94      A John Hancock Life Insurance Company USA $285.00 $27.80      A+ Transamerica Life Insurance Company $300.00 $25.81      A+ Lincoln National Life Insurance Company $300.00 $26.25      A+   How much does a $500,000 (five hundred thousand) life insurance policy cost 2016? Company Name Annual Monthly    A.M. Best Ratings as of   2016   United of Omaha Life Insurance Company $212.50 $18.59      A+ MetLife Insurance Company USA $214.00 $19.26      A+ Ohio National Life Assurance Corporation $215.00 $18.60      A+ Ohio National Life Assurance Corporation $230.00 $19.90      A+ Security Mutual Life Insurance Co of NY $230.00 $20.70      A- Protective Life Insurance Company $232.16 $19.97      A+ AAA Life Insurance Company $235.00 $20.68      A- Symetra Life Insurance Company $245.00 $21.44      A Minnesota Life Insurance Company $253.00 $22.26      A+ Ohio National Life Assurance Corporation $255.00 $22.06      A+ The Penn Mutual Life Insurance Company $255.00 $22.19      A+ Midland National Life Insurance Company $255.00 $22.44      A+ North American Co for Life and Health $255.00 $22.44      A+ Pacific Life Insurance Company $260.00 $21.68      A+ TIAA-CREF Life Insurance Company $262.25 $22.95      A++ Ameritas Life Insurance Corp $265.00 $22.81      A American National Insurance Company $265.00 $22.90      A Principal National Life Insurance Co $268.69 $23.51      A+ American General Life Insurance Company $269.00 $23.27      A MetLife Insurance Company USA $269.00 $24.21      A+ American United Life Insurance Company $270.00 $23.76      A+ Banner Life...

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Esurance Life Insurance Review

Posted by on Feb 17, 2016 in Term Life | Comments Off on Esurance Life Insurance Review

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 redirected to the Efinancial quote engine page.  Quote Engine Bias– Also, the quote engine on the Esurance site (Efinancial site) seems to often put as “Our Pick” is the Fidelity Life Hybrid Term product, (Efinanical is owned by Fidelity Life). The Hybrid Term policy was not the best priced policy available nor does the company have an A.M. Best financial rating as high as the other companies in their quote results. Missing Top Carriers– Lastly, we noticed the quote engine on the Esurance/Efinancial site was missing the rates from some of the top life insurance companies in America such as MetLife, Mutual of Omaha, Banner Life, Protective Life, and SBLI. Bottom Line:  While Esurance is one of the top auto insurance companies in America they do not themselves offer life insurance. They simply allow Efinanical, a life insurance agency based in Washington state, owned by Fidelity Life to offer you their products and services on the Esurance website.  As stated on the Esurance website, “Life insurance is offered through unaffiliated partners of Esurance. Esurance does not underwrite, provide customer service, or process or pay claims on these products.” As with all the companies we review, we recommend that you receive a life insurance quote from Esurance and from the other top companies or agencies and choose the best policy for you. About Founded: 1988 Type: Subsidiary of Allstate Underwritten by: Each insurer’s respective company Website: esurance.com Phone: (866) 761-5612 A.M Best Rating: Will depend on the life insurance selected Comdex Ranking: Will depend on the life insurance selected BBB Rating: A+ (Efinancial) A- (Esurance) Companies Listed on the Quote Engine: Protective Life, Transamerica, AIG-American General, ING and Fidelity Life.  Related Reviews Banner Life Insurance Company Review... Prudential Life Insurance Review... Protective Life Insurance Company Review 2016... Banner Life Insurance Company Review 2017... Best Life Insurance Companies for Seniors Over 65... Mutual of Omaha Life Insurance Review... William Penn Life Insurance Company Review... Thrivent Financial Life Insurance Review 2016... (SBLI) Life Insurance Review 2016... Companion Life Insurance Company Review... Share...

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