July, 26 2017

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Best Life Insurance Companies That Pay Out

Posted by on Jul 24, 2017 in Best Life Insurance Companies That Pay Out | 0 comments

Best Life Insurance Companies That Pay Out

A common question many of the clients we talk to ask “What are the Best Life Insurance Companies That Pay Out”  to ensure my family will be covered if anything were to happen to me? This is why everyone that purchases a life insurance policy wants to have the peace of mind knowing the company they pay their hard earned money for will fulfill its obligation, their end of the bargain, and pay out the money if anything were to happen.   What You Need To Know Here is the truth when it comes to life insurance in the United States.  Life insurance is one of the most regulated industries in the country.  As long as you choose a highly rated company, A, A+ or A++ rated company by A.M. Best, you can rest assured you are choosing a company that received an excellent or superior rating meaning this is their ability to meet their ongoing obligations to policyholders.     Life Insurance Exclusions One of the most common questions I receive are “what doesn’t my life insurance cover?” “What are the exclusions?” Here’s the answer: Suicide– Most life insurance polices have a two year suicide exclusion clause. This means if you were to commit suicide in the first two years of the policy date, your family won’t receive the coverage amount, typically only a return of the premiums paid. Contestability Clause– Most all life insurance policies have a two year contestability clause. This means if you were to die in the first two years of the policy and weren’t fully honest on your application and the insurance company doesn’t catch it during underwriting, they can contest it if you die in the first two years of the policy date.  Examples would include that being a professional race car driver and not disclose it on the application or have had a health condition such as prostate cancer 6 months ago but not disclose it; the insurance could contact the claim if death occurs in the first two years of the policy. Fraud– If you said you were someone else, not the actual person then the life insurance company could contest it. Clerical errors such as wrong sex; male or female, date of birth, etc. will still typically pay out just adjusted for the correct information. Who Pays Out Their Claims? The truth is that all life insurance companies will honor the contract and payout the claim as long as it valid (meaning not one of the three exclusions we described above). A highly rated company, reputable company will pay out according to the policy contract.  The issues occur when the insured didn’t fully disclose something on the application or one of the other two exclusions above. A recent issue life insurance companies faced was that the beneficiary didn’t file a claim.  Many of the top life insurance companies in the U.S. have settled multi-million payouts because the beneficiary never claimed the life insurance money and the life insurance company wasn’t proactive in finding the beneficiary.  However, if your beneficiary knows about the policy and files a claim this is not an issue. One other issue that some beneficiaries encounter is on a graded death benefit policy for seniors. Unlike a traditional life insurance policy, these policies are typically for...

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Largest Life Insurance Companies 2017

Posted by on Jul 10, 2017 in Largest Life Insurance Companies 2017 | 0 comments

Largest Life Insurance Companies 2017

There over nine hundred life insurance companies in the United States in 2017 and there are two main ways to determine which are the largest insurers.  The criteria include; by largest writers of premiums, and rank by total assets.  While these are important ways to determine the largest life insurance companies in America it’s not necessarily the best way to choose the right company for your specific situation.  Every life insurance company has their own underwriting guideline which means one insurer may offer a much better rate over another insurer for the same exact policy. For example, Prudential will often have the lowest rate in the entire country in many areas but will not typically have the lowest rate for someone who is only on a blood pressure medication.  The rule of thumb when shopping for life insurance is to choose a company that has been in business a long time, has a high financial rating and one that will offer you the best price.  All life insurance policies are basically the same so it’s important to choose the company the will offer the best rate for your profile, i.e. health and lifestyle.   Largest Life Insurance Companies 2017     Top 30 Largest Life Insurance Companies By Assets 1.MetLife (now Brighthouse Financial) 2.Prudential 3.Berkshire Hathaway 4.AIG 5.New York Life 6.Manulife (John Hancock) 7.TIAA 8.Lincoln Financial Group 9.Northwestern Mutual 10.State Farm 11.Jackson National 12.MassMutual 13.Aegon (Transamerica) 14.Principal Financial 15.Hartford 16.Voya 17.Nationwide Mutual 18.AXA Equitable 19.USAA 20.Pacific Mutual 21.Aflac 22.Allianz 23.Liberty Mutual 24.Allstate 25.Genworth 26.Travlers 27.Thrivent 28.Protective Life   29.Unum 30.American Equity   Top 10 Largest Writers of Individual Life Insurance By Direct Premiums 1.Northwestern Mutual 2.New York Life 3.MetLife 4.Lincoln National 5.Prudential 6.MassMutual 7.John Hancock 8.State Farm 9.Aegon (Transamerica) 10.Aflac   5  Largest Group Life Insurance By Direct Written Premium 1.MetLife 2.Prudential 3.Securian 4.New York Life 5.Cigna   Understanding The Largest Life Insurance Companies 2017 As you can see above, it’s no surprise that most most well-known life insurance in America are also the largest life insurance companies in America.  While the size of a life insurance company and it’s brand recognition are important, there are other factors to consider when shopping for life insurance.  The secret when it comes to life insurance, specifically term life insurance, price is the first factor you should look at. Why? This is because all term policies are basically the same and have the same exclusions. This is why it’s so important when shopping for life insurance to compare rates  from all the top companies.  Also, each life insurance company will underwriter you differently. While some companies will offer the top rate class if you are taking a blood pressure medication, others will not. Sames goes other medications and health issues. Some companies want certain risks while others do not. Take a look below at some sample rates for a 40 year old male: $500k 20 Year Level Term Guaranteed A.M. Best Ratings as of:  2017 Protective Life Insurance Company A.M. Best Rating:  A+ Select Preferred Non-Tobacco   P+ Custom Choice No Lapse UL – 20 Year $336.20 /yr    or     $28.91 /mo   Ohio National Life Assurance Corporation A.M. Best Rating:  A+ Super Preferred Non-Smoker   P+ FlexTerm Series X – 20 Year $340.00 /yr    or     $29.41 /mo   Lincoln National Life Insurance Company A.M....

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Prudential Life Insurance Review 2017

Posted by on Jul 2, 2017 in Term Life, Universal Life | 0 comments

Prudential Life Insurance Review 2017

Prudential Life Insurance Review 2017 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 2017.  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 in the country for healthy people and also allow those with a cholesterol reading up to 300 (with an hdl ratio 5.0 or under) the best rating class. Cons:  Not too many with Prudential right now. Bottom Line: Prudential is one of the best life insurance companies in the America in 2017, hands down.  They often have the best rates in the country for healthy people but also for many other categies such as:those taking pain medication such as Norco, Vicodin, Lortab, Demerol, Tramadol and Oxycontin, taking one or two anxiety and depression medications Paxil, Prozac, Zoloft, Celexa, Lexapro.  They have the most favorable build chart (height and weight) for seniors over 60. Prudential also has great rates and underwriting for private pilots.  In addition, those who have a medical marijuana card can qualify for the best rate class with Pruco. Prudential also has the best international travel guidelines in the industry including most mission trips. Pruco even allows for non-tobacco rates for chew, dip, snuff, cigars, pipes, e-cigarettes users. Prudential is one of the most well-known and trusted life insurance companies in the world.  With an A+ Superior financial rating and having been in business for over 140 years, it’s easy to see why Prudential is one of the best life insurance companies in 2017.   About Type: Public-PRU Underwriter: Prudential Insurance Company of America Founded: 1875 Website: prudential.com Phone: (800) 778-2255 Address: 751 Broad St., Newark, NJ 07102 A.M Best Rating 2017: A+ (Superior) Second highest of 16 possible ratings Comdex Ranking: 94 out of 100 Competition: New York Life, MetLife, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, AIG, Ohio National Life, SBLI, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica   How Does Prudential’s Prices Compare to the Competition? Sample rates for a $500,000 20 year term for a 50-year old male at the best rating class 2017: AmountPrudentialMetLifeAXAJohn Hancock $500k$88.65$89.46$94.50$109.65     Related Reviews Banner Life Insurance Company Review... Prudential Life Insurance Review 2017... Protective Life Insurance Company Review 2017... Banner Life Insurance Company Review 2017... Lincoln National Life Insurance Company Review 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 2017... Companion Life Insurance Company Review...   To receive a quote from Prudential instantly and to compare their rates to competitors, click on the green button below.  We want to hear from you and hear about your experience with Prudential. Was...

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Protective Life Vs. Prudential Vs. AIG Vs. Mutual of Omaha Vs. Allstate Vs. State Farm Vs. Farmers Vs. Primerica

Posted by on Jun 30, 2017 in Best Life Insurance Companies for Seniors Over 65, Term Life | 0 comments

Protective Life Vs. Prudential Vs. AIG Vs. Mutual of Omaha Vs. Allstate Vs. State Farm Vs. Farmers Vs. Primerica

Protective Life Vs. Prudential Vs. AIG Vs. Mutual of Omaha Vs. Allstate Vs. State Farm Vs. Farmers Vs. Primerica Are you in the market for life insurance? Are you looking for the best rate? Well good news, you have come to the right place. There are over eight hundred life insurance companies out there to choose from and selecting the right one can be a daunting task. You may be looking at the top life insurance companies in the country such as; AIG, Prudential, Mutual of Omaha, Allstate, State Farm, Primerica and Protective Life.  I can tell you the best way to choose a life insurance company for term life insurance is based on price.  Why you may ask?  The reason is term life insurance is the same no matter which company you choose.  The truth is life insurance covers any type of death, natural causes and accidents. Your fault or not. The bottom line is that term life insurance will cover any type of death (except the two points below).   Term Life Insurance Exclusions There are two exclusions with life insurance. Suicide Term life insurance policies have a two year suicide clause, meaning if you commit suicide in the first two years of the policy date the full benefit will not be paid out. 2. Contestability Term life insurance is contestable in the first two years if you are fraudulent on the application. This means if you were to lie or did answer a question truthfully on the application and you were to pass away in the first two years of the policy the life insurance company could contest it.   Who is the Best Term Life Insurance Company? So if all life insurance policies payout which one should you choose? The answer is the one that will offer the lowest rate for your health and lifestyle.  Every life insurance company has different underwriting guidelines so it’s imperative to select the company with the best rate for you specific situation; i.e. height, weight, medications, health history, family history, driving record, travel, etc. The truth is every life insurance company has certain niches, meaning the company offering the best rate for one person often will not have the best rate for another person.  Let me show you what I mean below.   Protective Life Insurance Company Protective Life Insurance Company may not be a household name such as MetLife, Prudential, Allstate, Liberty Mutual and AIG but they are actually one of the largest and highest rated life insurance companies in the country.  They have been in business for over 100 years and have an A+ Superior financial rating from the preeminent rating agency A.M. Best. Protective Life not only will often have the absolute lowest rates in the country for life insurance, term and universal life, but they have a unique benefit that makes them a favorite for many life insurance insiders.  Protective offers what is called a Term Universal Life, term UL.  This means for the term length the payment and coverage stay the same but the difference compared to a traditional term is that the payment will stay the same and the coverage amount will decrease.  This is typically much better than a traditional term life policy since where the rate increasing dramatically and most people...

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MetLife Life Insurance Review 2017

Posted by on Jun 24, 2017 in Term Life | Comments Off on MetLife Life Insurance Review 2017

MetLife Life Insurance Review 2017

MetLife Life Insurance Review 2017   Pros:  MetLife used to rank as the #1 life insurance in America in sales and total assets.  Financial strength– MetLife (now Brighthouse Life Insurance Company) is A (Superior) rated by A.M. Best (third highest of 16 possible ratings) and they are one of the most well-known insurance companies in the world in 2017. Well-Known– MetLife used to be one of the most well-known names in life insurance. Cons:  Their prices are competitive but not the rock-bottom lowest. Bottom Line:  MetLife was one of the largest life & health insurer in America.  They had a superior financial rating and have been providing quality life insurance since before the turn of the century.  In 2017, MetLife, one of the most well-known and recognizable names in life insurance for well over a century has canceled its MetLife name and its well-known mascot, Snoopy, for a spinoff company known as Brighthouse Financial.  Brighthouse Financial, (life insurance underwritten by Brighthouse Life Insurance Company) is an operating segment of MetLife.  As of 2017, no longer will we see the iconic MetLife brand selling new life insurance business, but instead be replace by Brighthouse Life Insurance Company accompanied with a new logo. While there were other life insurances companies out there with lower rates and more favorable underwriting guidelines, MetLife typically used to rank up at the top for brand recognition and trust.  We recommend you receive a quote from MetLife (Brighthouse Life Insurance Company) and also from the nation’s other top life insurers and choose the best one. About Type: Operating Segment of MetLife (NYSE: MET) Founded: Brighthouse Financial 2017 (MetLife 1868) Underwritten by: Brighthouse Life Insurance Company Website: brighthousefinancial.com Phone: (800) 638-5433 Address: 11225 N Community House Rd, Charlotte, NC 28277 A.M. Best Rating 2017: A (Excellent) Third highest of 16 possible ratings Comdex Score 2017: 77 Total Assets: $240 billion Life Insurance Policies and Annuity Contracts: 2.8 million Competition: Prudential, New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, AIG, Mutual of Omaha, Ohio National Life, SBLI, Protective Life, Primerica, Cincinnati Life, USAA, Pacific Life Insurance Company, North American Co, Minnesota Life, Midland National, Lincoln National Life,  AXA Equitable, Symetra Life Insurance, Transamerica. Rates (MetLife Life Insurance) Brighthouse Life Insurance Company Rates Vs. The Competition Sample $1 million ($1,000,000) Term Life Insurance Policy at the best health class. $1 million 10 Year Level Term 40 Year Old Male Company                                                       Price                    Rating Mutual of Omaha                                     $30.84 month            A+ Protective Life                                          $32.27 month            A+ Brighthouse Life Insurance (MetLife)                  $32.31 month            A Ohio National                                          $32.44 month           A+ MassMutual                                             $35.17 month           A++ John Hancock                                         $36.72 month           A+ SBLI                                                          $40.02 month          A AXA Equitable                                        $44.91 month          A+ Transamerica                                          $46.44 month         A+ Nationwide                                             $46.73 month          A+ New York Life                                        $46.89 month         A++   $1 million 15 Year Level Term 50 Year Old Male Company                                                       Price                  Rating Mutual of...

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Will Taking Pravastatin Affect My Life Insurance Rate?

Posted by on Mar 18, 2017 in Life Insurance Medications | Comments Off on Will Taking Pravastatin Affect My Life Insurance Rate?

Will Taking Pravastatin Affect My Life Insurance Rate?

Will Taking Pravastatin Affect My Life Insurance Rate? The good news for those that taking Pravastatin is that it will not typically affect your life insurance premiums. Cholesterol medications in general are not seen as a prescription that will affect life expectancy; therefore, most of the top life insurance companies will not penalize you for taking a statin such as Pravastatin.  What Do Life Insurance Companies Look For When Underwriting Cholesterol? Nearly all of the major life insurance companies will look at your actual cholesterol readings to determine your rate. Whether you are taking a cholesterol lowering medication or not will not have any bearing on the rating or underwriting. What Are The Guidelines for Cholesterol When Applying for Life Insurance? While every life insurance company has their own underwriting guidelines for cholesterol, some more lenient than others, below is the current cholesterol underwriting guidelines for Prudential.   Preferred Best  Total Cholesterol Up to 299 Cholesterol/HDL ratio 5 or less With or without medication  Preferred  Total Cholesterol Up to 299 Cholesterol/HDL ratio 6 or less With or without medication Standard Plus   Total Cholesterol Up to 299 Cholesterol/HDL ratio 7 or less With or without medication Standard Total Cholesterol Up to 299 Cholesterol/HDL ratio 7 or less With or without medication Will Taking Multiple Cholesterol Medications Affect My Rate? The short answer is no.  The major life insurance companies in America such as Prudential, Mutual of Omaha, Transamerica, Protective, Banner Life, etc. will not rate you according to the number of cholesterol medications that you are taking. What they will look at is your actual cholesterol readings with or with medication. Common medications people take to lower cholesterol that will not affect life insurance rates are: atorvastatin (Lipitor) fluvastatin (Lescol, Lescol XL) lovastatin (Mevacor, Altoprev) pravastatin (Pravachol) rosuvastatin (Crestor) simvastatin (Zocor) pitavastatin (Livalo) niacin/simvastatin (Simcor) niacin/lovastatin (Advicor) Lovaza (omega-3-acid ethylesters) Conclusion: Will Taking Pravastatin Affect My Life Insurance Rate? The bottom line is that taking one of the most popular cholesterol medications on the market today, Pravastatin, will not alone impact your life insurance premiums or health class.  Instead, life insurance companies are going to look at your actual cholesterol readings such as total cholesterol, HDL ratio and triglycerides.  Also, it’s important to compare rates from multiple companies and talk to a knowledgeable agent who knows the underwriting guidelines from the top life insurers.  Some companies can have much more stringent guidelines when it comes to total cholesterol and HDL while there are other companies such as Prudential and Mutual of Omaha offer much more favorable guidelines for those whose reading may come back above average. Related Reviews Banner Life Insurance Company Review... Prudential Life Insurance Review 2017... Protective Life Insurance Company Review 2017... Banner Life Insurance Company Review 2017... Lincoln National Life Insurance Company Review 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 2017... Companion Life Insurance Company Review... Share...

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Brighthouse Life Insurance Company Review

Posted by on Mar 14, 2017 in Term Life, Universal Life | Comments Off on Brighthouse Life Insurance Company Review

Brighthouse Life Insurance Company Review

Brighthouse Life Insurance Company Review Pros: Brighthouse is an operating segment of MetLife, one of the most well-known and recognizable names in life insurance. Size– Brighthouse is a major life insurance and annuity company with $240 billion total assets and 2.8 million insurance policies and annuity contracts inforce. Cons: Term life insurance coverage starts at $1 million which may be more than some people need. Bottom Line: MetLife, one of the most well-known and recognizable names in life insurance for well over a century has scrapped its MetLife retail brand name and its famous mascot, Snoopy, for a spinoff company known as Brighthouse Financial.  Brighthouse Financial, (life insurance underwritten by Brighthouse Life Insurance Company) is an operating segment of MetLife.  As of 2017, no longer will we see the iconic MetLife brand selling new life insurance business, but instead be replace by Brighthouse Life Insurance Company accompanied with a new logo. The products that Brighthouse Financial, (Brighthouse Life Insurance Company) will offer universal life insurance and term life insurance starting at $1 million. Like many top life insurance companies, Brighthouse Life Insurance rates are very competitive in certain areas and higher in others.  Brighthouse Life is graded with the third highest category in financial ratings with an A (Excellent) from A.M. Best.  As with all the life insurance companies we review, we recommended that you receive a quote from Brighthouse Life Insurance Company (Bright House Life Insurance) and from the other top companies and choose the best policy for you. About Type: Operating Segment of MetLife (NYSE: MET) Founded: Brighthouse Financial 2017 (MetLife 1868) Underwritten by: Brighthouse Life Insurance Company Website: brighthousefinancial.com Phone: (800) 638-5433 Address: 11225 N Community House Rd, Charlotte, NC 28277 A.M. Best Rating: A (Excellent) Third highest of 16 possible ratings Total Assets: $240 billion Life Insurance Policies and Annuity Contracts: 2.8 million Competition: Prudential, New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, AIG, Mutual of Omaha, Ohio National Life, SBLI, Protective Life, Primerica, Cincinnati Life, USAA, Pacific Life Insurance Company, North American Co, Minnesota Life, Midland National, Lincoln National Life,  AXA Equitable, Symetra Life Insurance, Transamerica. Brighthouse Life Insurance Company Rates Vs. The Market Sample $1 million ($1,000,000) Term Life Insurance Policy at the best health class. $1 million 10 Year Level Term 40 Year Old Male Company                                                       Price                    Rating Mutual of Omaha                                     $30.84 month            A+ Protective Life                                          $32.27 month            A+ Brighthouse Life Insurance                  $32.31 month            A Ohio National                                          $32.44 month           A+ MassMutual                                             $35.17 month           A++ John Hancock                                         $36.72 month           A+ SBLI                                                          $40.02 month          A AXA Equitable                                        $44.91 month          A+ Transamerica                                          $46.44 month         A+ Nationwide                                             $46.73 month          A+ New York Life                                        $46.89 month         A++   $1 million 15 Year Level Term 50 Year Old Male Company                                                       Price                  Rating Mutual of Omaha                                     $83.34 month          ...

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Lincoln National Life Insurance Company Review Review 2017

Posted by on Mar 1, 2017 in Term Life, Universal Life | Comments Off on Lincoln National Life Insurance Company Review Review 2017

Lincoln National Life Insurance Company Review Review 2017

Lincoln National Life Insurance Company Review Review 2017  Pros:  Financial strength–  Lincoln National Life Insurance Company (Lincoln Financial Group) has an A+ (Superior) financial rating by A.M. Best (second highest of 16 possible ratings).  Stability– Lincoln Life was established in 1905, demonstrating durability as an insurer having been around for more than 100 years.  Top Insurer– Lincoln Financial is the fourth largest life and health insurer in the country. Smokeless Tobacco Niche– Lincoln is one of a select few companies that offer non-tobacco rates for users of smokeless tobacco such as cigars, chew, dip and marijuana. Height and Weight– Lincoln National Life has favorable underwriting on their build charts for height and weight. No Medical Exam– Lincoln has one of the best no exam life insurance policies on the market in 2017. Cons: There isn’t not too many cons with Lincoln National Life. Bottom Line:  Lincoln National Life Insurance Company is a highly rated life insurer that has been around since the early 1900’s.  They are of one of the top insurers in the nation as far as market share.  Their life insurance rates on term and universal life are often some of the lowest in the country.  Also, their no medical exam life insurance product is extremely competitive on pricing.  On top of all this, Lincoln has an A+ (Superior) financial rating from A.M. Best marking it one of the premier life insurance companies in America in 2017. Lincoln Financial is also well-known locally and nationally for their sponsorship of Lincoln Financial Field which is the home stadium of the National Football League’s Philadelphia Eagles and the Temple Owls football team of Temple University.   About Type: Public-NYSE Traded as LNC Issued by: Lincoln National Life Insurance Company Founded: 1905 Website: www.lfg.comlincoln financial life insu Phone: (800) 487-1485 Mon-Fri 8:00 a.m.-6:00 p.m Address: 1300 S Clinton Street, Fort Wayne, IN 46802 A.M Best Rating: A+ (Superior) Second highest of 16 possible ratings Comdex Ranking: 90 out of 100 BBB Rating: A+ Competitors: New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, Ohio National Life, SBLI, Banner Life, Protective Life, Primerica, State Farm, USAA, Pacific Life Insurance, North American Co, AIG, ING-ReliaStar, Transamerica, Prudential.   Price Comparison Chart Sample monthly prices for a 40-year old male for each company’s best health class: AmountLincoln National Life (A + Superior)Protective Life (A+ Superior)Mutual of Omaha (A+ Superior)Prudential (A+ Superior $250k$18.38$17.91$20.13$24.72   Term Life Insurance Rates for $500,000 20 Year Term 40 Year Old Male   Protective Life- $336.20 annual Lincoln National- $346.00 annual John Hancock- $358.00 annual Banner Life- $379.00 annual Primerica- $475.00 annual Pruco- $480.00 annual Transamerica- $520.00 annual   Related Reviews Banner Life Insurance Company Review... Prudential Life Insurance Review 2017... Protective Life Insurance Company Review 2017... Banner Life Insurance Company Review 2017... Lincoln National Life Insurance Company Review 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 2017... Companion Life Insurance Company Review...   To receive a quote from Lincoln click on the green button below to compare rates from the top life insurers in America.    We want to hear from you.  Rate your experience with Lincoln National Life Insurance Company.  Tell others if you...

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Banner Life Insurance Company Review 2017

Posted by on Feb 19, 2017 in No Exam, Term Life | Comments Off on Banner Life Insurance Company Review 2017

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 | Comments Off on 3 Best Life Insurance Companies for Diabetics 2017

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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