February, 26 2017

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Companion Life Insurance Company Review

Companion Life Insurance Company Review

Author
  • Price
  • Financial Strength
  • Underwriting

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

 

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