November, 24 2017

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Family Plan Life Insurance

Posted by on Feb 9, 2016 in Term Life | Comments Off on Family Plan Life Insurance

Family Plan Life Insurance

A popular request many people have when looking for life insurance in 2016 is for a family plan life insurance policy. A family plan policy would cover everyone in the family; husband, wife and children. While there are many that want a family plan to have everyone insured all on the same policy, the fact is that it’s better to protect the family with separate policies, which can be done with the same company or with different companies. While there are companies that do offer a family plan policy such as Primerica, the rates are typically much less expensive for the husband and wife to have to have separate policies and to add the children on as a child rider. Not only is it less expensive but it provides much more flexibility if the one spouse ever wants to cancel their policy. Another benefit of having individual policies is that when the term expires and if the health of one of the spouses changes the other spouse has to keep a significantly much more expensive policy costing extra thousands or more dollars. Family Plan Life Insurance Prices Take a look some sample rates for the entire family to be insured with the same company but with the husband and wife having their own individual policies. Husband: $250,000 20 year term 40 year old male with $10,000 child rider to cover all children until age of 25 is $24.36 month with Protective Life. Wife: $250,000 20 year 40 year old woman $16.93 Protective Life. Kids: The 3 children are already added into the husbands cost above. Children under the age of 18 can be added on as a rider onto one of the parent’s policy or they can get a juvenile whole life insurance policy from Gerber or Globe Life insurance which will lock in the rate for the rest of their lives. In this example, the whole family can be covered for $41.29 month. Both husband and wife have $250,000 worth of life insurance fixed for 20 years and the kids have $10,000 of coverage fixed until they are 25 years age.   This rate is typically less expensive than if the spouse was a rider on the other spouse’s policy. In addition another benefit of having a separate polices is that if one spouse wants to cancel or change the policy then it won’t affect the other spouse’s policy. Also, as mentioned above, when it comes time to renew the policy and if the health of one of the spouses has changed, having separate policies will ensure the other spouse won’t have to continue paying high premiums just to keep them on the policy and the other spouse can convert their policy to permanent insurance.   Family Plan Life Insurance 2016 The best way to have life insurance on all members of the family is for the parents to have their own separate policies with the same insurance company or even separate companies if the cost savings is great, and to have the children as riders or for them to have their own whole life policy with a company like Gerber or Globe Life.  Even though the policies themselves are individual they are often with the same company and the payments are taken out of the same account...

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Divorce And Life Insurance 2016

Posted by on Feb 7, 2016 in Divorce And Life Insurance 2016, Term Life | Comments Off on Divorce And Life Insurance 2016

Divorce And Life Insurance 2016

An increasing need for a term life insurance policy in 2016, especially for men is to satisfy a divorce agreement, divorce settlement or divorce decree. This is because in the event of a divorce the court or the attorneys will mandate a life insurance policy be in place to protect the alimony or child support payments in the event of the premature death of the ex-spouse. To secure this requirement many people we talk to are looking for the cheapest term life insurance for a divorce settlement in 2016. Term Life Insurance for Divorce Decree – Settlement In almost all cases the type of life insurance policy that is required by the court for a divorce agreement is term life insurance. Fortunately, term life insurance is the least expensive type of life insurance. Term life insurance allows the insured to choose the period of time the policy will have a guaranteed fixed rate. After the term is over the insured can keep the policy but at a higher rate. Term lengths range from 10, 15, 20, 25 and 30 years. The shorter the term the lower the premium will be. The term lengths required to protect child support payments are typically until the youngest child is out of high school or college. For alimony, the term required could be anywhere from 10 to 30 years. Owner and Beneficiary of a Divorce Life Insurance Policy For life insurance that is required as part of a divorce decree or divorce agreement, often the court or the attorney will require the beneficiary and owner of the policy be the same, i.e. the ex-wife. This is important because the owner of the policy has control and can change the beneficiary or cancel the policy at any time. However, if the divorcing couple has a good relationship the insured will be remain the owner and ex-wife will be the beneficiary. Best Life Insurance Companies for a Divorce Settlement in 2016 If you’re a man and you’re looking for the best life insurance companies for a divorce settlement in 2016 than you have come to the right place. First, I will go over the traditional underwritten term life insurance rates because it offers the most coverage at the best price. The no exam term life insurance is more expensive and does have limits on the amount of coverage but does have the convenience of not requiring a paramed exam. An important note with term life insurance, it’s best to shop on price. Term life insurance is one of the few products where the features and benefits are nearly the same on all term policies. Term life insurance is straightforward in that the policy covers any type of death; natural or accident, with almost policies all having a two year suicide clause.  Therefore, as long as you choose a life insurance company that has an A Excellent financial rating or better from A.M. Best you can have peace of mind knowing the company will around to pay out any valid claim. Sample Prices For Divorcee Agreement Life Insurance Here are the prices for a 45 year old male, 6’0’’ 210 lbs, in great health only taking a cholesterol medication Lipitor, needing $500,000 policy on a 10 year term for a divorce agreement in 2016. Excellent health...

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Life Insurance Company Ratings 2016

Posted by on Jan 10, 2016 in Life Insurance Company Ratings 2016 | Comments Off on Life Insurance Company Ratings 2016

Life Insurance Company Ratings 2016

Life Insurance Company Ratings 2016 Whether you’re in the market for term life insurance, whole life insurance, universal life insurance, no exam life insurance or life insurance for seniors, it’s crucial to know the life insurance company ratings 2016. What are life insurance company ratings and why are they so important? The rating a life insurance company receives is an independent third party evaluation to help determine the ability of the insurance company to meet its financial obligations to the policyholder and be able to pay out future claims. There are four main rating agencies that evaluate life insurance companies; A.M. Best, S&P, Fitch and Moody’s. A.M. Best is the gold standard and the rating that most people use to deem how strong a company is financially. A great rule of thumb is to choose a life insurance company with an A (Excellent) rating or better from A.M. Best. There is also another rating metric called a Comdex Score. This is the average score of all four ratings from the above companies. Since not all the rating agencies grade every company this number isn’t as important as a company’s A.M. Best rating. Let’s take a look at the life insurance company rankings 2016 The highest rated life insurance companies 2016 on our chart go from top to bottom. Company Name                                State                A.M.Best           S&P           Moody’s       Fitch      Comdex 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 USAA Life Ins Co TX A++ AA+ Aa1 AAA 99 10 TIAA-CREF Life Ins Co NY A++ AA+ Aa1 AAA 99 11 Berkshire Life Ins Co of Amer MA A++ AA+ AA+ 99 12 USAA Life Ins Co of NY NY A++ AA+ Aa1 99 13 Massachusetts Mutual Life Ins MA A++ AA+ Aa2 AA+ 98 14 Thrivent Financial Lutherans WI A++ AA 98 15 State Farm Life Ins Co IL A++ AA Aa1 98 16 Guardian Life Ins Co of Amer NY A++ AA+ Aa2 AA+ 98 17 Guardian Ins & Ann Co Inc DE A++ AA+ Aa2 AA+ 98 18 C M Life Ins Co CT A++ AA+ Aa2 AA+ 98 19 MML Bay State Life Ins Co CT A++ AA+ Aa2 AA+ 98 20 Thrivent Life Ins Co MN A++ AA 98 21 State Farm Life & Acc Assur Co IL A++ AA Aa1 98 22 Lafayette Life Ins Co OH A+ AA AA 97 23 Allianz Life Ins Co of NY NY A+ AA 97 24 CSI Life Ins Co NE A+ AA 97 25 Great-West Life & Ann CO A+ AA Aa3 AA 96 26 Western-Southern Life Assur OH A+ AA Aa3 AA 96 27 Western & Southern Life Ins OH A+ AA Aa3 AA 96 28...

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Best No Exam Life Insurance Companies 2016

Posted by on Jan 4, 2016 in Best No Exam Life Insurance Companies 2016, No Exam | Comments Off on Best No Exam Life Insurance Companies 2016

Best No Exam Life Insurance Companies 2016

To make our list of the best no exam life insurance companies 2016 we looked at price, ratings, and approval time. The companies on our list do offer the lowest rates in America on no medical exam term life insurance in 2016. Some of the companies are household names while the others may not be as well-known. However, all of the companies on our list have an excellent financial rating or better from the number one rating agency A.M. Best. Why choose a no exam life insurance policy in 2016? There are two reasons people typically choose a no exam life insurance policy over a fully underwritten policy. First is the exam itself. The life insurance paramed exam is quick and easy and takes about 20 minutes at your home or office. However, some have issues with needles, albeit the blood sample is the same as when you go to your doctor for a checkup. So for these individuals, a no exam policy is great alternative. Secondly, there is a time crunch and one needs the policy ASAP. The normal underwriting time on a fully underwritten policy is about a month with some getting approved quicker and others taking longer. For individuals who don’t have the option to wait several weeks for an approval, such as those applying for an SBA Loan and need to collateral assign the beneficiary to the bank or for those who have a divorce decree and need to show the court ASAP they have insurance then the no exam policy is great. What else you need to know about no exam life insurance in 2016 While bypassing the medical exam when applying life insurance policy is more convenient, it’s also more expensive than if you went the traditional route and took the health exam. Additionally, the available coverage on no exam policies is limited. The most amount of coverage available, depending on the company, is typically up to $250,000 to $400,000. Moreover, there aren’t as many companies that offer no exam life insurance as there are that offer traditional fully underwritten. A common misconception that many people have in regards to no exam life insurance is that it’s easier medically to get approved than traditional fully underwritten life insurance. The application process for no medical exam coverage still includes health and life style questions and all the insurance companies will check the prescription medication database, motor vehicle database and the MIB-Medical Information Bureau.   So Who Are Best No Exam Life Insurance Companies 2016?   ANICO- American National Insurance Company Founded: 1905 Rating: A Excellent ANICO has the best prices on no exam life insurance rates in 2016, most of the time. ANICO offers coverage from $50,000 to $250,00 and term lengths of 10, 15, 20 and 30 years. Applicants are eliagable to apply from 18 to 65.  For more information see our ANICO review.   Sagicor Life Insurance Company Founded: 1840 Rating: A- Excellent Sagicor will typically have the best rates in the country for no medical exam life insurance if you qualify for their preferred rating class in 2016. Sagicor offers no exam coverage from $50,000 to $399,000k and term lengths of 10, 15 and 20 years.  Issue ages are up to age 65.  For more information read our review of Sagicor....

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Progressive Life Insurance Review

Posted by on Jan 2, 2016 in Term Life | Comments Off on Progressive Life Insurance Review

Progressive Life Insurance Review

Progressive Life Insurance Review 2016 Pros:  Instant Quotes– The life insurance quote engine on Progressive’s website (which is through a 3rd party agency called Efinancial) offers instant life insurance quotes from several of the nation’s top life carriers.  Offers Several Highly Rated Insurers– The quote engine on Progressive’s website shows the prices for about a half a dozen of the top life insurers such as: American General (AIG), Voya, Transamerica, Prudential Life and Fidelity Life. Cons:  Progressive Doesn’t Offer Life Insurance– Unfortunately, for those looking for a life insurance policy with Progressive Casualty Insurance Company will be disappointed to learn that Progressive itself doesn’t sell life insurance.  When you request a life insurance quote on the Progressive site you get redirected to the Efinancial quote engine page.  Quote Engine Bias– Also, the quote engine on the Progressive site (Efinancial) 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 how the quote engine on the Progressive site was missing the rates from some of the other top independent life insurance companies in America such as MetLife, Mutual of Omaha, Banner Life, Protective Life, and SBLI. Bottom Line:  While Progressive is one of the top auto insurance companies in America they are not licensed to sell life insurance.  They simply allow Efinanical to offer you their products and services on the Progressive website.  As stated on the Progressive website, Progressive is not responsible for any life insurance claims, products or services offer through Efinanical. There are some positives with the life insurance offered by Progressive through Efinancial, such as offering multiple highly rated carriers and providing instant price quotes, but there are also some drawbacks.  One is they seem to recommend for nearly every person/quote request is the Fidelity Hybrid product (Fidelity Life is the owner of Efinancial).  Also, the quote results show rates from some of the top independent life insurance companies in America but are missing some of the other preferred companies that are highly rated and offer low rates like; Banner Life, SBLI and Protective.  As with all the companies we review, we recommend that you receive a life insurance quote from Progressive and from the other top companies or agencies and choose the best policy for you. About Founded: 1937 Type: Public- NYSE: PGR Underwritten by: Each insurer’s respective company Website: www.progressive.com Phone: (866) 844-9332 A.M Best Rating: Will depend on the life insurance selected Comdex Ranking: Will depend on the life insurance selected BBB Rating: A+ (Efinancial)  Companies Listed on the Quote Engine: Protective Life, Transamerica, AIG-American General, ING and Fidelity Life.  Life Insurance Products: Term Life Insurance, Permanent Life Insurance, Universal Life Insurance, No-Exam Life Insurance, Accidental Death, Plans with Living Benefits and Guaranteed Acceptance Whole Life Insurance. Competitors: GEICO Life Insurance, State Farm, Farmers, Allstate, Nationwide, Liberty Mutual, American Family Life Insurance, American Family, Grange Insurance, ANICO, Allianz Life Insurance Company, Fidelity & Guaranty Life, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland,...

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Best Life Insurance Companies for Diabetics 2016

Posted by on Jan 2, 2016 in Best Life Insurance Companies for Diabetics, Best Life insurance Rates on Metformin, No Exam, Term Life, Universal Life | Comments Off on Best Life Insurance Companies for Diabetics 2016

Best Life Insurance Companies for Diabetics 2016

Best Life Insurance Companies for Diabetics 2016 Until recently, securing an affordable life insurance policy as a diabetic was very difficult to say the least.  Many diabetics would not qualify for life insurance or when they did the premiums would be exorbitant to compensate for increased risk of the condition.  Fortunately in 2016, certain companies have reevaluated their diabetic underwriting guidelines making it much easier and much cheaper for diabetics to secure life insurance. Best Life Insurance Companies for Diabetics 2016 The best life insurance companies for diabetics 2016 offer favorable underwriting guidelines, low premiums and are highly rated by A.M. Best.  These companies have examined the risks associated with diabetes and its impact on life expectancy and have favorably adjusted their guidelines making life insurance much more affordable.  In fact, in 2016 certain insurers will rate a diabetic applicant at the preferred, standard plus or standard rate health class (preferred rates are for seniors).  In contrast, just a few years ago the best rate a diabetic could hope for would be a substandard rating (which are the health classes below average and a much higher premium). So who has the best rates for a diabetic in 2016?  Let’s take a look. Banner Life– Banner Life often has the best rates and underwriting for diabetics in the country.  For those diagnosed over age 50 and have a well controlled A1c reading in the 6’s, Banner Life will offer an standard plus rate.  Banner also offers standard rates for those diagnosed over 40 and great rates for those diagnosed in their 30’s.  Banner Life also allows insulin diabetics great rates and those with elevated blood sugar. American General Life (AIG)– American General-AIG has very favorable diabetic underwriting guidelines in 2016.  In fact, even applicants with an elevated A1C or those on insulin may still be qualify for an affordable rate with American General.  A well-controlled diabetic can expect to receive an average, non-diabetic rate.  Even those who with elevated blood sugar or early onset can receive a good price and will benefit from AIG’s competitive table rate pricing. Voya Financial-ReliaStar Life Insurance Company– Voya Financial, underwritten by ReliaStar Life Insurance company pushed the envelope when they announced seniors diagnosed over the age of 60 with well-controlled diabetics would be eligible for the preferred health class.  This is great news for seniors diagnosed later in life. Prudential Life Insurance– Prudential has favorable guidelines for overweight diabetics and those with A1c (blood sugar) readings in the 6’s. John Hancock Life Insurance– John Hancock allows type II well-controlled diabetics over the age of 60 to qualify for preferred rate similar to Voya Financial. Sagicor and ANICO– Offer well-controlled diabetics life insurance without a medical exam.  However, the rates will be significantly cheaper for diabetics if you do take the medical exam but for who want to bypass the exam these companies are a good choice. Diabetic underwriting guidelines are fluid.  They are constantly evolving to keep pace with the advances in diabetic medicine and diabetic life expectancy statistics.  Diabetic rates are the lowest they have ever been.  Obtaining life insurance with diabetes or pre diabetes can be very affordable or even cheap, especially in comparison to just a few years ago.  Most well-controlled diabetics can now qualify for a non diabetic rating class...

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Costco Life Insurance Review

Posted by on Jan 2, 2016 in Term Life | Comments Off on Costco Life Insurance Review

Costco Life Insurance Review

Costco Life Insurance Review 2016 Pros: Pricing– The term life insurance from Costco offered through Protective Life has great rates. Financial Strength– Protective Life Insurance has an A+ Superior rating and has been in business since 1907.   Cons: Not too many cons. However, Protective is only one life insurance company. We recommend comparing rates from multiple companies since each company has their own underwriting guidelines and pricing. Bottom Line: The life insurance product offered for Costco members through Protective Life has great pricing. With term lengths of 10-20 years, great rates and it’s though Protective Life who is one of our top 12 term life insurance companies in 2016, the Costco policy is one worth looking into. However, every life insurance does have different underwriting guidelines for health history, build, height & weight, blood pressure, cholesterol, driving history, family history, travel etc. We recommend that you receive a quote from Costco but also from the other top life insurance companies and choose the best one for you.   About Type: Public- Traded on NYSE-PL Underwriter: Protective Life Insurance Company Founded: 1907 Website: protective.com/costco/quote/ Phone: (800) 866-9933 Address: 2801 Highway 280 South, Birmingham, AL 35223-2407 A.M Best Rating 2016: A+ (Superior) Second highest of 16 possible ratings Comdex Ranking: 88 out of 100 BBB Rating: A+ 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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Top 12 Term Life Insurance Companies in 2016

Posted by on Jan 1, 2016 in Term Life | Comments Off on Top 12 Term Life Insurance Companies in 2016

Top 12 Term Life Insurance Companies in 2016

The Top 12 Term Life Insurance Companies in 2016 have the lowest rates, are highly rated and have great underwriting guidelines to help you get approved at the most favorable health class. The companies that made our list are the ones we trust our clients with to ensure they receive the most amount of life insurance to protect their families with a highly rated company at the best price. Not all term life insurance companies are the same in 2016. Each company underwrites you differently so it’s important to choose the right insurer. Factors such as age, medications being taking or have taken in the past, height & weight, occupation, family history, bankruptcy history, driving history, tobacco use, a criminal record and income all can impact which company which company has the best rate personally for you. What is Term Life Insurance 2016? Term life insurance offers the most amount of life insurance protection at the lowest price. This is why term life is the most popular type of life insurance in America in 2016. Term insurance works by allowing you to choose the time for how long your rate is fixed for. The longer the fixed rate the more expensive the premiums. The most common term length people choose is a 20 year term because this will get the children until they are out of the house and the need for insurance will be often reduced at this time. Term life insurance does allow you to continue the policy after the term is over, however, the rate is often much more expensive so most people will the policy go at this point. Also, most term policies have a conversion option allowing you to convert your policy permanent insurance without a health exam before the term is over. Popular financial advisors Dave Ramsey and Suze Orman are strong advocates of term life insurance over whole life insurance in 2016. Term Lengths Available 2016 10, 15, 20, 25 and 30 years Term Life Insurance Ratings 2016 So how do you know if a life insurance company is secure and will be around in the future? The answer is you want to look at a company’s A.M. Best rating. A.M. Best is the main rating agency for life insurance companies. Below is chart showing how a company can be rated. A.M. Best Rating Chart Best’s Financial Strength Ratings provide an independent third-party evaluation to help determine the ability of an insurer to fulfill its financial obligations to the policyholder.   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)     Top 12 Term Life Insurance Companies in 2016   Mutual of Omaha (United of Omaha) Founded 1909 Rating A+ Mutual of Omaha Life Insurance, which is underwritten by United of Omaha Life Insurance Company, is one of the best term life insurance companies in 2016. Mutual of Omaha has some of the lowest premiums in the entire country. Mutual of Omaha has great underwriting in many areas including healthy people, and those with high blood pressure and cholesterol. We put a great deal of our clients with Mutual of Omaha because of their rates, underwriting...

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Transamerica Life Insurance Company Review 2017

Posted by on Jan 1, 2016 in Term Life, Universal Life | Comments Off on Transamerica Life Insurance Company Review 2017

Transamerica Life Insurance Company Review 2017

Transamerica Life Insurance Company Review 2017 Pros:  Transamerica is one of the largest life insurance companies in America in 2017.  They’ve have been in business for more than 80 years and have are A+ (Superior) rating by A.M. Best (second highest of 16 possible ratings). Transamerica also has some of the best rates, underwriting and product availability for seniors. Cons:  There aren’t too many cons with Transamerica. Bottom Line:  Transamerica is one of top 10 largest life insurance companies in America.  Transamerica is A+ superior rated and has great rates on term and universal life insurance.  Transamerica also has some of the best rates for seniors and offer longer term lengths than most insurance companies. As with all the companies we review, we recommend you receive a quote from Transamerica and from all the other top companies and choose the best one. If that is Transamerica you feel safe knowing they are one of the best in the country.   About Type: Private (Parent company of Aegon) Underwriter: Transamerica Life Insurance Company Founded: 1930 Website: transamerica.com Phone: (319) 355-8511 Address: 4333 Edgewood Road NE, Cedar Rapids, IA 52499 A.M Best Rating 2017: A+ (Superior) Second highest of 16 possible ratings Comdex Ranking: 91 out of 100 BBB Rating: A+ Competitors: New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, Ohio National Life, AIG, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, SBLI, Prudential.     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...      We want to hear from you.  How would you rate Transamerica Life Insurance Company in 2017?  Please leave a comment and rating below. Share...

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New York Life Insurance Review 2017

Posted by on Dec 27, 2015 in Term Life, Universal Life, Whole Life | Comments Off on New York Life Insurance Review 2017

New York Life Insurance Review 2017

New York Life Insurance Review 2017 Pros:  Financial Strength– New York Life (NY Life Insurance) has the best financial rating in the country in 2017 with A++ Superior rating by A.M. Best (highest of 16 possible ratings) and a perfect 100 Comdex score (average rating from the 4 major rating agencies). There are only a few other life insurance companies in America that have a perfect financial rating (Northwestern Mutual, Knights of Columbus and Berkshire Hathaway).  New York Life has been financially strong throughout it’s history as evident they accept need bail out money during the financial crisis in 2008-2009.  History and Size– New York Life is one of the largest mutual life insurance companies in the country and has been in business since 1845. Cons:  New York Life’s prices are often higher than many of the large life insurers insurance companies in America. (See sample rates below) Also their underwriting can be more strict than other carriers. Bottom Line:  New York Life Insurance Company (NY Life Insurance) is one of the largest and most recognized life insurance companies in America in 2017.  They have a perfect financial rating from every major rating agency meaning their ability to payout future claims is superior.  There is no doubt that if you have a policy you can rest assured your family is in good hands.  However, New York’s life insurance prices are not the lowest.  Also, since they are a mutual company their underwriting can be more strict than other leading insurers. As with all the companies we review, we recommend you receive a quote from New York Life but also from the other top companies as well and choose the best one for you. About Type: Mutual Underwriter: New York Life Insurance Company Founded: 1845 Website: newyorklife.com Phone: (212) 576-7000 Address: 51 Madison Avenue New York, NY 10010 A.M Best Rating 2015: A++ (Superior) Highest of 16 possible ratings Comdex Ranking: 100 out of 100 BBB Rating: A- Competition: MetLife, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, AIG, Ohio National Life, SBLI, Banner Life, Protective Life, Primerica, State Farm, USAA, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica. New York Life Term Life Insurance Rates 2017 vs. The Competition Sample monthly prices for $500,000 20 year term life insurance policy for a 40-year old male (D.O.B. 6/15/1977) at the best health class:   Company Price & Financial Rating Protective Life: $28.91 A+ Pacific Life: $29.59 A+ Lincoln National: $30.28 A+ John Hancock: $30.52 A+ Banner Life: $33.25 A+ Mutual of Omaha: $33.47 A+ MassMutual: $36.98 A++ Prudential: $42.00 A+ New York Life: $42.45 A+ Transamerica: $44.72 A+ Primerica: $45.13 A+ 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...    We want to hear about your experience with New York Life.  Tell others if you would recommend them to your friends and family in 2017.  Please leave a comment and rating below. Share...

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