September, 23 2017

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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+