October, 21 2017

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MTL Insurance Company Review

MTL Insurance Company Review

Author
  • Price
  • Financial Strength

MTL Insurance Company

Pros: History– MTL Insurance Company has been around for over 100 years proving they are strong, stable life insurance company. 

Cons: Their term life insurance rates are not the cheapest available. (See table below)

Bottom Line: MTL Insurance Company formerly; Mutual Trust Life Insurance Company is known as “The Whole Life Insurance Company” as its specialty product is participating whole life insurance.  MTL has been around since 1904 and develops, underwrites and services individual life insurance and annuity products.  In comparing their term life insurance rates to the rest of the market they were not the cheapest.  As with all the companies we review, we recommend that you receive a quote from MLT Insurance Company and from the other top companies on the market and choose the best policy for you.

About

Type: Mutual Organization

Founded: 1904

Website: mutualtrust.com

Phone: (800) 323-7320

Address: 1200 Jones Blvd, Oak Brook, IL 60523

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

Comdex Ranking: 63 out of 100

BBB Rating: A+

States Operate In: Licensed in 49 states and the District of Columbia

Life Insurance Products: Whole Life, Term Life and Annuities.

Competitors: MassMutual, PennMutual, Thrivent Financial for Lutherans, Foresters, Pacific Life Insurance, Principal, 5 Star Life Insurance Company, Oxford, Americo, United Home Life, Monumental, Funeral Advantage, Standard Life, State Farm, Farmers, Allstate, Nation Wide, American Family Life Insurance, Progressive Life Insurance, ANICO, Allianz Life Insurance Company, Fidelity & Guaranty Life, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, , North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, Grange Life Insurance Company, Symetra Life Insurance Company, Mutual of Omaha, John Hancock, , Principal, TIAA-CREF, Guardian, OneAmerica, Minnesota Life, RiverSource, Allianz Life Insurance Company, , AAA, Erie, Sagicor, Amica, Assurity, Colonial Penn, AARP, Globe Life, Ohio National Life Group, New York Life, Northwestern Mutual, EMC National Life, Motorists Life, Pan-American Life, National Life Group, American Family, Shelter, HoraceMann, Group Life Insurance, Supplemental Life Insurance, Aflac, Voluntary Life Insurance, Unum.

Price Comparison

Sample rates for a $250,000 policy on a 10-year term at each company’s standard health class, for a 40-year old male, non-smoker.

AgeMTLProtective LifeBanner LifeMassMutual
40$36.90$23.08$23.63$35.67

 

What is your experience with MTL Insurance Company?  Tell others if you would recommend them to your friends and family.  Please leave a comment and rating below.

Summary
Review Date
Reviewed Item
MTL Insurance Company
Author Rating
3