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WAEPA Life Insurance Review

Posted by on Nov 7, 2015 in Term Life | Comments Off on WAEPA Life Insurance Review

WAEPA Life Insurance Review

WAEPA Life Insurance Review Pros: The possibility of not having to complete a physical exam, although an exam may be required for some. WAEPA’s rates may be less expensive than FEGLI, for some (see chart below). WAEPA also provides the option to add a spouse for up to $250k and children up to $25k for an additional premium. WAEPA does has an additional Accidental death and dismemberment coverage added into their policies. Cons: Rates can be expensive compared to what is available on the open market, especially if you are in good health (see rates below). Also, the rates increase every 5 years (by age bracket). This is unlike the private market where the rate can be locked in for up to 30 years. With WAEPA, after the age of 60, the maximum amount of coverage available is $250,000 and all coverage terminates at age 85. Bottom Line: WAEPA life insurance (Worldwide Assurance for Employees of Public Agencies) is not an actual life insurance company but a non-profit association formed during World War II by Federal Employees, for Federal Employees. They have over 42,000 members with $10 billion plus of life insurance inforce. WAEPA life insurance is group life insurance and may not require and exam for some. However, for those that are healthy it may be much less expensive to purchase a policy from a company on the open market (see rates below). Also, with WAEPA and FEGLI the rates increase every 5 years (by age bracket) which is unlike an individual policy where you can lock in a rate for a designated period of time 10 to 30 years. As with all the life insurance companies we review, we recommend that you receive a quote from WAEPA as well as from the other top companies and choose the best one for you.   About Type: Non-profit Underwritten by: Life Insurance Company of North America (A Cigna Company) Founded: 1943 Website: http://www.waepa.org Phone: (800) 368-3484 Address: 433 Park Avenue Falls Church, VA 22046 A.M Best Rating: A (Excellent) LINA-Cigna BBB Rating: NA   Sample Rates for WAEPA Coverage Amount $425,000 – $500,000 (Rates are for Quarterly Payment) Level        17        18        19        20 Life Insurance $425,000 $450,000 $475,000 $500,000 AD & D* 85,000 90,000 95,000 100,000 Common Carrier 170,000 180,000 190,000 200,000      Member’s Age Under 25 44.63 47.25 49.88 52.50 25-29 44.63 47.25 49.88 52.50 30-34 44.63 47.25 49.88 52.50 35-39 63.75 67.50 71.25 75.00 40-44 119.00 126.00 133.00 140.00 45-49 170.00 180.00 190.00 200.00 50-54 259.25 274.50 289.75 305.00 55-59 395.25 418.50 441.75 465.00 60+ – – – –   WAEPA vs. Open Market Below are the annual rates for a $500,000 policy. Since WAEPA is a step rate plan, meaning the rates increase with each age bracket, we compared the rates to a 10 year level term.  This is based on a male at age: 35, 45 and 55 years who qualifies for the Preferred Plus rate class.  The rates for WAEPA, are from the quarterly rates in the table above multiplied by four. (Sometimes the there is a discount for annual payment so the numbers are an approximate.) AgeWAEPAMetLifeProtective Mutual of Omaha 35$300$164$163.55$182.50 45$800$329$331.62$342.50 55$1860$834$821.47$897.50   WAEPA vs FEGLI Biweekly Premiums per $1,000 of Life Insurance Coverage Member / Associate Member Coverage (Basic Coverage) Member’s Age...

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Term Life Insurance Review 2016

Posted by on Sep 27, 2015 in term life insurance | Comments Off on Term Life Insurance Review 2016

Term Life Insurance Review 2016

Today I wanted to do a review of term life insurance for 2016. Term life insurance is recommended by many of the top financial advisors in the country such as Suze Orman, Dave Ramsey and Clark Howard. First, let’s start off by defining what term life insurance is. Here is a great definition from Wikipedia: term life is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed. The reason why term life insurance is so popular and highly recommend by the preeminent financial advisors mentioned above is that term life insurance provides the most amount of life insurance protection and at the best price, typically at pennies on the dollar. This is why term life is often recommended over whole life insurance as it provides much more life insurance and at much a lower price which is what most families need, especially during their prime working years. For most people, at a certain time in the future the kids are grown, the house is paid off or paid down and many are closer to retirement, therefore the need for life insurance is reduced or even eliminated. If one still needs life insurance at this stage in life, they can apply for a new policy to accommodate the needs at this time as long as they are still in good health or convert their term policy to permanent insurance if they are not. Also, the difference in premiums between term life and whole life, it’s recommended (by the advisors mentioned above) to save that money and invest the difference yourself.   Term Life Insurance Review 2016- Pros & Cons   Pros: Inexpensive– Term life insurance will provide the most amount of life insurance protection at the lowest price.   Fixed Rate During the Term– The rate is fixed during the term and cannot change for any reason such as age or health. You choose the term which range from 10 to 30 years. No Cancellation Penalty– Also, you can cancel term life insurance at any time without a penalty. Conversion Option– Most term life insurance policies have an option to convert the policy to permanent insurance during the term or before a certain age, usually age 70. No Waiting Period– Coverage begins once approved (temporary insurance is available during underwriting) and there is no waiting period. The only exclusion on term policies is a suicide clause in the first two years along with a two year contestability clause if one lied on their application and died in the first two years. Cons: The only real drawback to term life insurance is that the rate is only fixed during the term and will increase when the term is over if you choose to keep the policy. For those who need permanent insurance then term may not be the best option.   Term Life Insurance Information   Term Lengths: 10, 15, 20, 25, 30 years Sample Prices 40 Year Old Male $500k 10 Year Term $17.46 month MetLife 20 Year term $29.95 month Protective Life 30 Year term $53.95 Protective Life Price Breaks $100,000, $250,000, $500,000 $1,000,000, $1,250,000 $1,500,000 $2,000,000   Typical Uses for Term Life Insurance...

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Life Insurance: MetLife vs Allstate vs State Farm vs Mutual of Omaha

Posted by on Sep 4, 2015 in Term Life, Whole Life | Comments Off on Life Insurance: MetLife vs Allstate vs State Farm vs Mutual of Omaha

Life Insurance: MetLife vs Allstate vs State Farm vs Mutual of Omaha

Life Insurance: MetLife vs Allstate vs State Farm vs Mutual of Omaha   Today, let’s take a look at four very popular insurance companies; MetLife, Allstate, State Farm and Mutual of Omaha and compare which is the best for life insurance. Of course “best” is subjective because it’s hard to quantify the value of having a local agent that has a brick and mortar office in your neighborhood and one that you may have a close personal relationship with but we here we will compare important information such as; financial ratings, prices and length of time in business.   Rate Comparison   ($500k 20 year term) Mutual of Omaha     MetLife      State Farm     Allstate $29.97                  $39.96      $42.65       $84.04   *Prices are for a 39 year old male, DOB 12/15/1975, $500k 20 year term at the Preferred Plus rate class   Financial Rating A.M. Best Mutual of Omaha      MetLife      State Farm     Allstate A+                             A+               A++        A+   Founded Mutual of Omaha      MetLife      State Farm     Allstate 1909                      1875         1922            1931   Life Insurance: MetLife vs Allstate vs State Farm vs Mutual of Omaha -Which is Best? As you can see above, all four of these companies are very highly rated and are in the (Superior) category by A.M. Best, with State Farm receiving the highest possible – A++ rating. However, the rates for term life insurance from these companies can vary significantly.   As seen above, the rates for a 39 year old male in excellent health, Mutual of Omaha had a price that was $10 a month cheaper then the next least expensive company, MetLife. When you add up the savings over the course of the policy by choosing the right company for you, you can save literally thousands and thousands of dollars for the same exact coverage. Keep in mind that with life insurance your age, health, medications, driving history, family history, etc will play a role in which company will offer the best rate. This is why it’s imperative to shop around and choose the right company when it comes to life insurance. To compare rates for you, please feel free to use our free quote engine to the right.   Share...

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Primerica vs. Prudential vs. MetLife vs. Mutual of Omaha vs. Protective Life

Posted by on Sep 3, 2015 in Term Life | Comments Off on Primerica vs. Prudential vs. MetLife vs. Mutual of Omaha vs. Protective Life

Primerica vs. Prudential vs. MetLife vs. Mutual of Omaha vs. Protective Life

Primerica vs. Prudential vs. MetLife vs. Mutual of Omaha vs. Protective Life Some of top underwriters of term life insurance in America today are; Primerica (Prime America), Prudential, MetLife, Mutual of Omaha, and Protective Life. If you’re are in the market for life insurance and are uncertain which company is best, this article will provide some additional information, including; ratings, prices, and other key facts to assist you in your search for the best term life insurance policy to protect your family and provide you with peace of mind that life insurance provides.   Financial Ratings A.M. Best Primerica    Prudential   MetLife   Mutual of Omaha   Protective Life A+                  A+          A+            A+                   A+ A.M. Best Scale   Years in Business Primerica   Prudential   MetLife    Mutual of Omaha   Protective Life 38                140         147                106               108   Sample Prices for $500k 20 year term          Primerica   Prudential     MetLife   Mutual of Omaha   Protective Life $47.98     $43.65        $43.56      $33.47             $33.79   *40 year old male Preferred Plus rate class date of birth 11/15/1974   Primerica vs. Prudential vs. MetLife vs. Mutual of Omaha vs. Protective Life As you can see above, all of the aforementioned companies have the same financial rating of A+ (Superior) by A.M. Best and all have been in business over 100 years (except Primerica). As far as which insurance company is going to have the lowest rates, it will depend on the person, their health history and profile such as; build, family history, driving history, etc. As of this writing, Protective Life, Mutual of Omaha (United of Omaha) and many times Prudential will have some of the lowest premiums in the country. Since there are over nine hundred life insurance companies out there and each one has different underwriting guidelines and standards, we suggest that you receive rates from multiple companies and choose the best one. Share...

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New York Life vs. MetLife vs. Prudential vs. AIG

Posted by on Sep 2, 2015 in Best mortgage protection insurance companies, Term Life, Universal Life, Whole Life | Comments Off on New York Life vs. MetLife vs. Prudential vs. AIG

New York Life vs. MetLife vs. Prudential vs. AIG

New York Life vs. MetLife vs. Prudential vs. AIG           In this article I wanted to compare side-by-side some of the top life insurance companies in America today. Many shoppers in the market for life insurance seek the rates from these four companies in particular; New York, MetLife, Prudential and AIG. This is because the aforementioned companies are some of the most well-known in the United States and have been in business for over 125 years. So which company is best? How are they rated? How do their rates compare? Which one should you choose? Let’s take a closer look.   Financial Rating by A.M. Best New York Life              MetLife         Prudential                  AIG A++                         A+           A+                 A A.M. Best Scale   Years in Business New York Life              MetLife         Prudential                  AIG 170                     147                140            165   Price Comparison $500k 20 Year Term New York Life              MetLife         Prudential                  AIG $96.52               $59.76        $56.25          $56.79   *This is for a 45 year old male at the Preferred Plus rate class date of birth 11/15/1969 A note about pricing for life insurance. Prices can vary drastically from company to the next. There are many factors such as date of birth, gender, medical history, medications, family history, driving history, etc. that can affect which company will offer the best rate.   New York Life vs. MetLife vs. Prudential vs. AIG – Which Company Should I Choose? All four of these companies; New York Life, MetLife, Prudential and AIG are highly rated life insurance companies and have been in business for more than a century. The rates for Prudential, MetLife and AIG (American General) are often comparable with New York Life typically being more expensive. However, New York Life is the only insurer out of these companies that have an A++ rating. While receiving and A rating or better by A.M. Best means the insurance company is very strong, some people will pay more for the A++ rating. The truth is you can’t go wrong with any of these four life insurers. All four of these companies have been in business for more than 100 years, are highly rated and will be there to pay out a claim. We suggest that you receive rate quotes from these companies and the other top life carriers and choose the one that has the lowest rate and you feel comfortable with. Share...

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Prudential Life Insurance Rating 2016

Posted by on Jun 23, 2015 in Term Life, Universal Life, Whole Life | Comments Off on Prudential Life Insurance Rating 2016

Prudential Life Insurance Rating 2016

Are you looking for the up to date Prudential Life Insurance Rating 2016? Then you came to the right place. First, a quick overview on life insurance ratings. There are four major rating agencies used to evaluate the financial strength of life insurance companies. Those four are; A.M. Best, Standard & Poor’s, Moody’s Investors Services and Fitch. The foremost authority and the main rating agency many insiders and agents use is A.M. Best. As a general rule, as long as an insurer is graded with an (A-) or better from A.M. Best then that company is financially sound and you shouldn’t have to worry about as far as the company being able to payout any future claims. What are Prudential’s Life Insurance Ratings? Take a look below.   Prudential Life Insurance 2016 Rating A.M. Best: A+ (Superior)   Scale 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)   Prudential Life Insurance 2016 Rating Standard & Poor’s: AA-   Scale AAA-Highest credit qualify AA-Very high credit quality A-High credit qualify BBB-Good credit quality BB-Speculative B-Highly speculative CCC-Substantial credit risk CC-Very high levels of credit risk C-Exceptionally high levels of credit risk   Prudential Life Insurance Moody’s Rating 2016: A1   Scale Aaa-highest rating, little risk Aa1, Aa2, Aa3-high grade A1, A2, A3-upper medium grade Baa1, Baa2, Baa3-medium grade   Prudential Life Insurance Rating 2016 for Fitch: A+   Scale AAA- Highest credit qualify AA- Very high credit quality A-High credit qualify BBB-Good credit qualify BB-Speculative B-Highly speculative CCC-Substantial credit risk CC-Very high levels of credit risk C-Exceptionally high levels of credit risk   Comdex Score There is another way quickly evaluate a life insurance company’s financial strength and that is it’s Comdex score. Comdex is not a rating itself but rather an average of the ratings received from the four agencies above; A.M. Best, Standard & Poor’s, Moody’s Investors Services and Fitch. Prudential Comdex Score 2016: 90   Scale 1 to 100 with 100 being the best   Bottom Line Prudential Life Insurance Company, also known as Pruco, is a highly rated A+ Superior rated company by A.M. Best with a 90 out of 100 Comdex score. This means that the Prudential Life Insurance Rating 2016 is top tier and should provide you peace of mind knowing that Prudential will be able to payout future claims. With the high rating and the longevity of being in business since 1875, Prudential is one of the top life insurance companies in America today. What are Prudential’s rates? Click on the green button below and use our quote engine.   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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MetLife Life Insurance Ratings 2016

Posted by on Jun 21, 2015 in Term Life, Universal Life, Whole Life | Comments Off on MetLife Life Insurance Ratings 2016

MetLife Life Insurance Ratings 2016

MetLife Life Insurance Ratings 2016   There are many different rating agencies in America that assess life insurance companies. The foremost authority in rating agencies is A.M. Best. This is the primary rating you should use in looking how strong the insurer is financially. There are three other “main” rating agencies which I will list below along with MetLife’s life insurance rating.   A.M. Best MetLife Life Insurance Rating 2016 A.M. Best: A+   A.M. Best Ratings Scale 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)   Fitch MetLife Life Insurance Rating Fitch 2016: AA-   Fitch Ratings Scale AAA: Highest credit quality. ‘AAA’ ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. AA: Very high credit quality. ‘AA’ ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. A: High credit quality. ‘A’ ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. BBB: Good credit quality. ‘BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity. BB: Speculative. ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time; however, business or financial flexibility exists which supports the servicing of financial commitments. B: Highly speculative. ‘B’ ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment. CCC: Substantial credit risk. Default is a real possibility. CC: Very high levels of credit risk. Default of some kind appears probable. C: Exceptionally high levels of credit risk. Default is imminent or inevitable, or the issuer is in standstill.   Moody’s Investors Service MetLife Life Insurance Rating Moody’s 2016: Aa3   Moody’s Ratings Scale »Aaa– highest rating, representing minimum credit risk »Aa1, Aa2, Aa3– high-grade »A1, A2, A3– upper-medium grade »Baa1, Baa2, Baa3– medium grade   Standard & Poor’s MetLife Life Insurance Rating S&P 2016: AA-   S&P Ratings Scale AAA An obligation rated ‘AAA’ has the highest rating assigned by Standard & Poor’s. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong. AA An obligation rated ‘AA’ differs from the highest-rated obligations only to a small degree. The obligor’s capacity to meet its financial commitment on the obligation is very strong. A An obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor’s capacity to meet its financial commitment on the obligation is still strong. BBB An obligation rated...

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New York Life Insurance Rating 2016

Posted by on Jun 20, 2015 in Term Life | Comments Off on New York Life Insurance Rating 2016

New York Life Insurance Rating 2016

A.M. Best New York Life Insurance Rating A.M. Best 2016– A++   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)   Fitch New York Life Insurance Rating Fitch 2016- AAA   AAA: Highest credit quality. ‘AAA’ ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. AA: Very high credit quality. ‘AA’ ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. A: High credit quality. ‘A’ ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. BBB: Good credit quality. ‘BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity. BB: Speculative. ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time; however, business or financial flexibility exists which supports the servicing of financial commitments. B: Highly speculative. ‘B’ ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment. CCC: Substantial credit risk. Default is a real possibility. CC: Very high levels of credit risk. Default of some kind appears probable. C: Exceptionally high levels of credit risk. Default is imminent or inevitable, or the issuer is in standstill. Conditions that are indicative of a ‘C’ category rating for an issuer include: a. the issuer has entered into a grace or cure period following non-payment of a material financial obligation; b. the issuer has entered into a temporary negotiated waiver or standstill agreement following a payment default on a material financial obligation; or c. Fitch Ratings otherwise believes a condition of ‘RD’ or ‘D’ to be imminent or inevitable, including through the formal announcement of a distressed debt exchange. RD: Restricted default. ‘RD’ ratings indicate an issuer that in Fitch Ratings’ opinion has experienced an uncured payment default on a bond, loan or other material financial obligation but which has not entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, and which has not otherwise ceased operating. This would include: a. the selective payment default on a specific class or currency of debt; b. the uncured expiry of any applicable grace period, cure period or default forbearance period following a payment default on a bank loan, capital markets security or other material financial obligation; c. the extension of multiple waivers or forbearance periods upon a payment default on one or more material financial obligations, either in series or in parallel; or d. execution of a distressed debt exchange on one or more material financial obligations. D:...

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Accidental Death Insurance Review

Posted by on May 18, 2015 in Accidental Death Insurance | Comments Off on Accidental Death Insurance Review

Accidental Death Insurance Review

Accidental death insurance pays your loved ones if your death results from an accident. Accidental death insurance will not pay out any money if death results from sickness or natural causes. Many people are not aware of the difference between an accident and a natural cause. Common Causes of Accidental Death: Car crashes Accidental Falls Poisonings Accidental Drowning Assault by Firearm Suffocation Pedestrian accident Machinery Falling Objects Choking on Food   Common Causes of Natural Death: Heart Disease Cancer Stroke Respiratory Disease Alzheimer’s Diabetes Pneumonia Kidney Disease “Old Age” Infections As you can see from the list above, those who are over the age of 40 are statistically more likely to pass away from a natural cause then an accident. However, accidents do occur. In fact, over 30,000 people die in motor vehicle crashes in the United States each year.  Additionally, according to the CDC, the number one cause of death for those under 40 in America is accidents.   The Pros about Accidental Death Insurance: Easy to Obtain Since the policy only covers accidents, there is no underwriting and the process only takes a few minutes. Inexpensive Again since the policy only covers accidental death, it is usually inexpensive. Double Indemnity Most accidental death policies have a build in double indemnity benefit. This means if you were to die of an accident on a common carrier such as a: subway, bus, taxi cab, airline, ferry or other public transportation the policy would payout double.   The Cons of Accidental Death Insurance: No Natural Causes If you were to die of natural causes such as a heart attack, cancer or “old age” then the policy won’t payout. Can’t be doing anything illegal or reckless If you are breaking the law while you die of an accident such as speeding or DWI then it won’t payout unlike a term or whole life insurance policy.   Bottom Line As you can see in out Accidental Death Insurance Review– accidental death insurance is a policy that is good for certain people and instances. If one can qualify for “regular” life insurance such as term life, then it is recommended that you apply for that. However, if you are unable to qualify for term life insurance or it’s too expensive due to a; health condition, driving history, bankruptcy, etc. then accidental death insurance can be a good bridge product until you are ready for traditional insurance. Also, those who travel a lot and or are younger are also good candidates for accidental death insurance.  For those with hazardous occupations, accidental death insurance is a great option. It’s best to talk to an experienced agent or broker who is not captive, and can shop the market for you and give you the best advice and options.   Share...

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Companion Life Insurance Company Review

Posted by on May 8, 2015 in Term Life, Universal Life | Comments Off on Companion Life Insurance Company Review

Companion Life Insurance Company Review

Companion Life Insurance Company Review   Pros: Price– Companion Life Insurance Company will often have the absolute lowest rate in the state of New York. Rating– Companion has an A+ Superior financial rating from the preeminent rating agency A.M. Best. Stability– Companion Life Insurance Company is a subsidiary of Mutual of Omaha, a Fortune 500 company that has been in business for over 100 years. Cons: There are not too many cons with this company. Just make sure to compare rates and underwriting qualifications to make sure they are the best company for you. Bottom Line: Companion Life Insurance Company, a subsidiary of Mutual of Omaha, is a top tier life insurance company with an A+ Superior financial rating. In comparing their prices, they will often have the lowest rates in the state of New York for many individuals. As with all the companies we review, we recommend that you receive a quote from Companion Life Insurance Company and also the other top companies and choose the best one for you. About Type: Mutual Company Underwriter: Companion Life Insurance Company Founded: 1949 (Mutual of Omaha was founded in 1909) Website: mutualofomaha.com Phone: (516) 561-4580 Address: 888 Veterans Highway #515, Hauppauge, NY 11788 A.M Best Rating 2015: A+ (Superior) Comdex Ranking: 91 out of 100 BBB Rating: NA Competitors: New York Life, MetLife, Northwestern Mutual, Prudential, MassMutual, TIAA-CREF, John Hancock, State Farm, Allstate, Nationwide, Farmers, Principal, US Life-AIG, William Penn, Voya Financial-ReliaStar Life Insurance Company of New York, (Mutual of Omaha), AARP, USAA, Symetra Life, Lincoln Life, AXA, Securian.   Price Comparisons Here are a few sample prices for a 40 year male for $500,000, 20 year level term at the best health class in New York. CoverageCompanion MetLifeJohn HancockNY Life $500k$33.47$43.56$50.15$53.84    We want to hear about your experience with Companion Life Insurance Company.  Tell others if you would recommend them to your friends and family.  Please leave a comment and rating below right now.   Share...

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