February, 26 2017

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Grange Life Insurance Company Review

Grange Life Insurance Company Review

Author
  • Price
  • Financial Strength

Grange Life Insurance Company Review

Pros:  Rates– Grange Life Insurance Company offers some of the best rates in the entire nation.  Variety of Insurance Products– In addition to life insurance, Grange offers auto, home, business and even farm insurance. Some insured’s prefer to have all of their insurance policies in one place.   

Cons: There aren’t too many cons with this company although their Comdex ranking is not as high as many of the other insurers we reviewed.

Bottom Line: Grange Life Insurance Company is an excellent life insurance company.  They have some of absolute lowest rates in the entire country.  Grange is not known as a national company since they offer insurance only in these states: Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin.  Also, Grange Life Insurance Company doesn’t have the A.M. Best Financial rating (A-) or size as some of the other top companies we reviewed.   The bottom line is Grange is a top choice but as with all the companies we review; we recommend receiving a quote from Grange and from the other top insurers as well and choose the best one for you.

 

About

Type: Private

Issued by: Grange Life Insurance Company

Founded: 1935

Website: grangeinsurance.com

Phone: (800) 422-0550

Address: 671 S. High Street, Columbus, OH 43206

A.M Best Rating: A- (Excellent) Fourth highest of 16 possible ratings

Comdex Ranking: 55 out of 100

BBB Rating: A+

Competitors: Ohio National Life, New York Life, Northwestern Mutual, MassMutual, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Farmers, Allstate, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, ANICO, TIAA-CREF, Guardian, OneAmerica, Sagicor, Amica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie.

Price Comparison Chart

Sample rates for a male in each company’s preferred health class for $250,000-20 year term.

AgeGrange American GeneralProtective LifePacific Life
40$23.33$24.85$24.89$24.38

 

 

 

* We couldn’t find anything on this company’s underwriting guidelines so we didn’t put that our rating.

Summary
Review Date
Reviewed Item
Grange Life Insurance Company
Author Rating
5