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We are an insurance broker and do not offer our life insurance policies. We provide multiple coverage options through top carriers. The policy and the coverage option you choose may vary depending on the provider. We offer the following types of policies:
Whole life insurance is a permanent life insurance policy that provides lifetime coverage for the insured. When you die, your beneficiaries will receive a death benefit as long as premium payments were maintained. In addition to the death benefit, whole life has a savings component known as cash value, which can accumulate interest tax-deferred.
Universal life insurance is a type of permanent life insurance with a cash value, which earns interest tax-deferred. Unlike whole life, universal life offers a lot of flexibility, letting you adjust your premium amount and death benefit. If there’s enough cash value, you may skip premium payments without the risk of a policy lapse.
Also referred to as burial insurance, final expense insurance is a permanent life policy designed to cover funeral expenses. Beneficiaries can use the death benefit to pay for final medical bills and other end-of-life expenses, such as cremation, casket, or memorial service. However, the beneficiaries can use the death benefit for any purpose.
Like other permanent insurance, final expense insurance remains active provided you pay your premiums. But, unlike most traditional permanent life policies, which require a medical exam to determine the cost of your policy, you’ll only need to answer a few questions for burial insurance.
Mortgage protection insurance is essentially a life insurance policy designed to protect your loved ones from the burden of paying your mortgage when you pass away. If you die and still owe money on your home, the insurance provider pays off the remaining balance. This is typically a type of term life insurance, where you pay your regular premiums, and at the end of the policy term, the coverage ends.
A rider is an optional insurance endorsement that you can add to your policy to customize your coverage to meet your desired needs. Riders often increase premium payments.
We don’t sell our life insurance policies—but since we are partnered with many carriers, you can add optional riders to your policy. Here are some of the most common riders offered by our carriers.
With this rider, you can access a portion of your death benefits while still alive if diagnosed with a terminal or chronic illness.
If you’re diagnosed with a qualifying chronic illness, this rider allows you to access part of the policy’s death benefit while still alive.
A terminal illness rider lets you access a portion of your death benefits if diagnosed with a terminal illness and likely has less than six and 24 months to live, depending on the company.
If you become disabled and unable to work, this rider lets you waive premium payments without affecting your policy.
If you die due to an accident, your beneficiaries will receive an accidental death benefit plus the standard death benefit payable by the policy itself.
A child term rider provides coverage to your dependent children up to a certain age. In case of your child's death, you’ll receive the benefits.
With a return of premium rider, you get a partial or full refund of the premiums paid if you don’t die during the policy term.
For any inquiries or questions, you can contact me at 234-269-0952. Customer service is available Monday through Friday from 8 a.m. to 4 p.m. EST. Though the company doesn’t have an online chat, there is a contact form and email address. To get a quote, you can fill out an online form and an agent will contact you.
Each year, the National Association of Insurance Commissioners (NAIC) publishes complaint ratios, which state the number of complaints companies received relative to their market share. A complaint ratio of 1.0 is the industry standard. A company with a score below 1.0 indicates fewer than expected complaints, while a score above 1.0 means the company received more than common complaints.
Since we don’t provide our policies, we have no complaint ratio from NAIC.
AM Best is a credit rating agency that evaluates insurers’ Financial Strength Rating (FSR), meaning their ability to meet policy and contractual obligations. A strong AM Best rating shows that the company is likely to stay in operation and payout approved claims.
If you choose to take out a policy with us, it’s wise to check the FSR rating of the preferred provider, as this will give you an insight into the company’s ability to honor claims. Mutual of Omaha, for example, received an A+ (Superior) rating from AM Best.4
Because we are an insurance broker, it was not included in the J.D. Power 2021 U.S. Individual Life Insurance Study. This study evaluates and ranks top life insurance companies based on overall customer satisfaction. However, some of its carriers, including Mutual of Omaha, Transamerica, John Hancock, and AIG made the list. Mutual of Omaha did the best them ranking fifth out of 21 companies. John Hancock ranked eighth out of 21. Those two companies were above the average mark. Transamerica ranked 19th out of 21 and AIG ranked 20th out of 21 companies. Those two companies scored below average.
Before purchasing a policy from us, we must research third-party ratings for the specific provider, as the ratings vary by the insurance company.
Policy premiums may vary depending on the plan, coverage option you choose, and optional riders. Other factors, such as age, gender, health history, pre-existing health conditions, health habits, and location, factor into pricing.
FINAL VERDICT
Though we are one of our top picks for the best life insurance companies, it works with several carriers to provide a wide range of products. Whether you’re looking for whole life, universal life, final expense, or mortgage protection policies, you can get coverage that meets your needs from your preferred company.
We review life insurance companies based on a quantitative approach and methodology that assesses insurers’ diversity of products, cost, customer service, claims experience, and financial stability and reliability. We also compare the available premium payment options, coverage plans, and optional riders with other top life insurance companies.
