March, 24 2017

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Life insurance reviews, news and prices from the top companies

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...

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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...

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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...

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Best Life Insurance Companies 2016

The best life insurance companies 2016 offer the lowest rates, are highly rated and have the most favorable consumer underwriting guidelines for 2016. The companies that made are list have been carefully monitored, researched and most importantly; are tried-and-true as they are the ones we trust to place our clients with.  Some of the companies are household names and the others are not as well known but are best life insurance companies in America. When looking for the right life insurance company to protect your family you want to look at price, underwriting, company history and their financial rating.  The companies on our list check all of those boxes.   Best Life Insurance Companies 2016   Prudential Life Insurance...

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Life Insurance Company Ratings 2015

When choosing a life insurance company, one of the first things you need look at is an insurers A.M. Best rating.  Although it just takes a second to do, it’s vitally important to ensure that you’re choosing a life insurance company that will be able to payout any future claims.  A.M. Best is the gold standard in evaluating life insurance companies.  A general rule of thumb when choosing an insurance company is to make sure the insurer has received an A.M. Best rating of A- (Excellent) or better.   2015 A.M. Best Rating Categories   A++, A+ (Superior)– Assigned to companies that have a superior ability to meet ongoing insurance obligations. (per the opinion of A.M. Best)   A, A-...

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Best Life Insurance Companies 2015

The Best Life Insurance Companies 2015 possess all of the attributes that you need in a life insurance company.  How did a company make our Best Life Insurance Companies 2015 list?  We looked at several factors, in combination such as; the best rates in the country, combined with a high A.M Best financial rating, favorable underwriting guidelines and having a great reputation as far as paying out claims in a timely manner.  These companies have been carefully monitored, researched and most importantly; are tried-and-true as they are the ones we trust to place our clients with.    Are All Life Insurance Companies the Same? No. Every life insurance company is different from another.  There are over nine hundred plus...

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Trustage Life Insurance Review

Trustage Life Insurance Review Pros: Size– The number of credit union members served by the TruStage insurance program totals over 15 million which includes; life insurance, accidental death and dismemberment (AD&D) auto insurance and homeowners insurance as well as other insurance products.  Awards– TruStage’s apparent company, CUNA Mutual Group was nominated as one of the worlds most ethical companies by the Ethisphere Institute.   No Medical Exam– For life insurance policies under $200,000 a medical exam typically isn’t required.  History– TruStage’s apparent company, CUNA Mutual, has been serving credit unions since 1935. Cons: Doesn’t Shop for the Lowest Rates– Trustage which is part of CUNA Mutual, only offers rates from their apparent company- CMFG Life Insurance Company.  While TruStage- CMFG...

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Union Plus Life Insurance Review

Union Plus Life Insurance Review Pros: Convenience– The Term-to-70 Insurance product doesn’t require a health exam for coverage amounts under $150,000.  Strike Assistance– Premiums are waived for up to 3 months if the insurered is involved a union-sanctioned strike lasting for 30 days (for eligible states and unions). Cons: Expensive– In most cases, the coverage is more costly than what is available on the open market.  Not locked in– The prices on the Term-to-70 product increase every 5 years. Limited Amount of Coverage– The largest policy available is $250,000 which may not be enough protection. Bottom Line: Life Insurance offered by Union Plus which is underwritten by The Hartford Life and Accident Insurance Company is convenient for coverage amounts...

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Best Mortgage Life Insurance Companies

The best mortgage life insurance companies provide peace of mind that if you unexpectedly pass away your loved ones will be able to pay off the mortgage balance, erasing the burden of most people’s largest debt. Best Mortgage Life Insurance Companies 2015 While most people are familiar with how a mortgage works, choosing the best mortgage life insurance policy to protect your loved ones is not as well known.  This article will help you navigate the seas of mortgage protection and help you find one of the best mortgage insurance companies in America.   Mortgage Life Insurance Mortgage life insurance is a product typically sold by the mortgage lender or other specialty insurance company that pays off your mortgage...

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Alfa Life Insurance Review

ALFA Life Insurance Review Pros: Competitive Pricing– We found Alfa Insurance to have competitive life insurance rates, specifically on their 20 and 30 year term policies.  Convenience– Alfa Insurance is a full-service insurance company offering auto, home, farm, business, health, dental, watercraft, flood, umbrella, church and life insurance.  Many people find it much more convenient to have all their insurances with one company.  Stable– Alfa has been around since 1946 and has more than 1 million polices inforce. Website– Alfa’s website provides instant rate quotes and is also; simple, clean and easy to navigate. Cons: Their 10-year term rates were not the most competitive in our research. Bottom Line: Alfa Insurance has been around for over a half a...

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Baltimore Life Insurance Company Review

Baltimore Life Insurance Company Review Pros: Stability– Baltimore Life has been in business for over 130 years and is the thirty-sixth oldest life insurance company in the U.S.  Cons:  Their term rates are not the most competitive and their A.M. Best rating is not in the A- (Excellent) or better category that see with many of the companies we review. Bottom Line: The Baltimore Life Insurance Company has been around since 1882 and has met their financial obligations (paid out claims) to their policyholders for the past 130 years.  Baltimore Life provides a variety of life insurance products to meet almost any need, including their popular life insurance solutions for seniors.  However, their financial rating of B++ is a...

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Royal Neighbors of America Review

Royal Neighbors of America Review Pros: History– Royals Neighbors of America was has been in business since the late nineteenth century and has a track record of stability. Variety of Products– Royal Neighbors Life Insurance offers an impressive selection of products that include: term life, whole life, universal life, annuities and popular final expense policies that offer an immediate underwriting decision at the point of sale. Cons: Royal Neighbors has competitive rates but often not the absolute lowest. Bottom Line: Royal Neighbors of America was founded by women over one hundred years ago and today is one of the largest women run life insurance companies in America.  RNA has an impressive selection of life insurance product offerings.  The bottom...

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American Family Life Insurance Review 2016

American Family Life Insurance Review 2016 Pros: Discounts– American Family Insurance offers a five percent discount on their auto insurance rates if you or a member of your household has both an auto and life insurance policy with them. Variety of Life Insurance Products– American Family Insurance offers a wide range of life insurance policy options including: no medical exam life insurance, term life insurance, universal and whole life insurance.  Local Agents– American Family Life Insurance still uses a local agent business model.  Many consumers still prefer to conduct business with someone face to face with a brick and mortar office in their community. Size– American Family Insurance is a Fortune 500 company (#373 in 2014) with revenues in...

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EMC National Life Company Review

EMC National Life Company Review Pros: Plethora of Life Insurance Products– EMC National Life Company (EMCNL) offers a very wide range of life insurance solutions to fit nearly any need.  Record High Capital Surplus– EMC National Life ended 2013 with a company record high in capital and surplus with $93.60 million in reserve. Cons: There aren’t too many cons with EMC National Life.  Although, they’re competitive on pricing they typically will not have the absolute lowest rate in the country on their term products.  Also, the company is relatively new, formed in 2003, in comparison to other top insurers. Bottom Line: EMC National Life Company, and affiliate of EMC Insurance Companies (EMC), is a solid insurance company with competitive...

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Life Insurance Comdex Rankings 2014-Insurers 250 to 500

Life Insurance Comdex Rankings 2014-Insurers 250 to 500 This list of Life Insurance Comdex Rankings 2014-Insurers 250 to 500 is a continuation of Life Insurance Comdex Rankings-Top 250 Rated Companies in 2014 post.  Many of the life insurance companies on this list, unlike the previous list, do not have a Comdex ranking; meaning they have only received one or have not received a rating from one of the four main rating agencies. Why Are Financial Ratings Important? Financial ratings provide an independent third-party evaluation to help determine the ability of the life insurer to live up to its financial responsibilities to the policyholder.  What is the point of paying for life insurance if they may not be around to payout...

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Ameritas Life Insurance Review

Ameritas Life Insurance Review Pros: Variety of Products– Ameritas offers a wide range of products and services including: life insurance (term, universal, variable universal and whole), annuities, individual disability income insurance, group dental, vision and hearing care insurance, retirement plans, investments, mutual funds, asset management and public finance.  Tradition– Ameritas Life Insurance Company was established in 1887 as Old Line Bankers Life Insurance Company.  BBB Rating– Ameritas Life Insurance Corp was accredited by the Better Business Bureau in 1948 and has an A+ rating. Cons: There aren’t too many cons this company.  One this we found is that their term rates are typically not the cheapest available. Bottom Line:  Ameritas Life Insurance Corp (a member of the UNIFI Mutual...

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American National Life Insurance Company Review 2016

(ANICO) American National Life Insurance Company Review 2016 Pros: No medical exam coverage- ANICO’s Signature Term Express policy (not to be confused with their no exam Freedom Term policy) will typically have one of the if not the best rates in the country for no medical exam life insurance at the standard rate class (average health class) in 2016.  Rating- ANICO received an A (Excellent) rating from A.M. Best which is “excellent” for companies who are dominant in the no medical exam space.  Longevity- ANICO was founded over 100 years ago which means they are a company you can depend on. Cons: There aren’t too many cons with ANICO.  One slight could the fact they don’t offer a preferred...

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Assurity Life Insurance Company Review

Assurity Life Insurance Company Review Pros:  Longevity- Assurity Life Insurance Company’s origins date back to the late 1800’s.  BBB rating- The Better Business Bureau accredited Assurity Life Insurance Company and gave it an A+ rating as well as a recent BBB Integrity Award.  No medical exam policy- Assurity Life has a popular no medical exam life insurance policy with coverage up to $350,000 and can be issued within 10 days or even sooner. Cons: While Assurity’s prices are competitive, other insurers may have lower pricing on certain products. (See the tables below) Bottom Line:  Assurity Life has been around for nearly 125 years and offers a wide range of financial products.  Their no medical exam life insurance policy is...

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Nationwide Life Insurance Company Review

Nationwide Life Insurance Company Review Pros: Financial Strength- Nationwide has an A+ (Superior) financial rating from the top rating agency A.M. Best and a Comdex rating of 91 which means they received excellent ratings from the four main rating agencies.  Prices- In 2014, Nationwide has very competitive prices on their life insurance products, especially their term life insurance. Size and brand recognition- Nationwide is a Fortune 100 company and a household name which can be attributed to their popular adverting campaigns.  Location- Nationwide still has brick and mortar offices around the country which some people prefer. Cons: There aren’t too many cons with Nationwide.  One potential downside some may encounter will be their underwriting.  In reviewing their underwriting guidelines...

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Best Rated Life Insurance Companies 2015

If you’re in the market for life insurance it’s imperative that you check the insurance company’s A.M. Best financial rating before moving forward with an application.  A.M Best is the preeminent life insurance rating agency in America and their letter grade will allow you to quickly asses the insurer’s ability to meet its future obligations.  A.M. Best uses a ratings scale to gauge an insurer’s financial strength with A++ (Superior) being the best rating and going all the way down to an S grade for (Suspended).  A general rule of thumb is to choose an insurer with an A (Excellent) rating or better for fully-underwritten policies and an A- (Excellent) for no-medical exam policies.   More on the A.M....

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Sagicor Life Insurance Company Review 2016

Sagicor Life Insurance Company Review 2016 Pros: Sagicor will typically have the some of the best no medical exam life insurance (simplified issue) rates in the country for a healthy person in 2016.  Also, their no medical exam rates for a smoker are typically the lowest as well.  Sagicor offers term life, no-lapse universal life and a whole life policy all with the option of bypassing the medical exam for a brief telephone interview.  Their no medical exam underwriting is fair, especially compared to the other insurers offering no exam coverage. Cons: Sagicor is not a well-known life insurance company here in America as they are in the rest of the world. Bottom Line:  If you are looking no...

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Aflac Life Insurance Review

Aflac Life Insurance Review Pros: Highly Rated- Currently has an A+ (Superior) rating from A.M. Best (second highest of 16 available ratings).  Prominent & well-known insurance company- One of the largest insurance companies in America by market share and has one of the most well-known recognizable names in insurance thanks to the Aflac duck adverting campaign. Cons:  Life insurance rates are expensive for individuals.  (See rate comparison below)  While their group and supplemental insurance may be competitively priced their individual life insurance policies are very expensive.  Also, the maximum amount of coverage available for individuals is $250,000 and $200,000 in certain states like in California. Bottom Line:  Aflac is one the largest insurance companies in America thanks to its...

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New York Life Insurance Review

New York Life Insurance Review 2016 Pros:  Financial strength- New York Life has a perfect  A++ rating by A.M. Best (highest of 16 possible ratings) and a perfect 100 Comdex score (average rating from the 4 major rating agencies).  They were even one of the top insures who did not need to accept bail out money during the financial crisis in 2008-2009.  New York Life is the largest mutual life insurance company in the country and a symbol of stability as they’ve been around over 150 years. Cons:  New York Life’s prices are often much higher than many other top life insurers with a similar financial rating for term life insurance. (See table below) Bottom Line:  New York Life is...

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Globe Life Insurance Review 2016

Globe Life Insurance Review 2016 (updated 2/2016) The Pros:  Globe Life and Accident Life Insurance Company has a very easy application process with no medical exam and only a few health questions.  Also, there is no two year waiting period, coverage begins once the policy is issued for both natural and accidental death.  Additionally, Globe Life is A+ Superior rated (second highest of 16 ratings) by A.M. Best for financial strength. The Cons: Globe Life’s popular term life insurance for adults policy is a step-rate insurance plan and the rate increases every 5 years (every 5th birthday).  This is attractive initially since the price is low to begin (even $1 for the first month) but the rate increases as...

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