The best life insurance companies for you depends on several factors, such as your age, gender, health profile, and financial needs. To help you find the right option for your situation, we have selected the top 10 insurance companies available today.
Nationwide Life Insurance
Nationwide Life Insurance, part of Nationwide Mutual Insurance Company, is one of the largest and most diversified insurance and financial services companies in the United States. With a history dating back to 1926, Nationwide offers a broad range of insurance products, including life, home, auto, and business insurance, as well as financial services such as retirement planning and investment solutions.
Key Details
- Founded: 1926
- Headquarters: Columbus, Ohio, USA
- CEO: Kirt Walker
- Employees: Over 25,000
- Industry: Insurance and Financial Services
- Parent Organization: Nationwide Mutual Insurance Company
- Website: www.nationwide.com
Product Offerings
Nationwide Life Insurance provides a variety of life insurance products tailored to meet the diverse needs of policyholders:
- Term Life Insurance: Provides coverage for a specified period, typically ranging from 10 to 30 years. Affordable premiums with customizable term lengths and coverage amounts.
- Whole Life Insurance: Offers lifetime coverage with guaranteed cash value growth. Premiums remain level throughout the policy, and it includes cash accumulation features.
- Universal Life Insurance: Flexible policy with adjustable premiums and death benefits. Offers cash value growth tied to market performance.
- Variable Life Insurance: Provides investment options within the policy. Policyholders can invest in a variety of portfolios, potentially increasing the cash value over time.
- Indexed Universal Life Insurance: Tied to a stock market index, offering cash value growth potential without direct exposure to market risks.
Financial Strength and Ratings
Nationwide is highly rated by major credit rating agencies, showcasing its financial stability and ability to meet policyholder obligations:
- A.M. Best: A+
- Moody’s: A1
- S&P: A+
- Fitch: A+ These ratings reflect Nationwide’s strong capital position, diversified business portfolio, and conservative investment approach, all of which contribute to its resilience and reliability.
Pros and Cons
| Pros | Cons |
|---|---|
| Wide range of customizable life insurance products | Higher premiums for whole and variable life insurance options |
| Strong financial stability with high ratings from major agencies | Limited availability for high-risk applicants |
| Flexible policy options, including adjustable premiums and death benefits | Fewer investment options in indexed and variable policies |
| 24/7 customer service and robust digital tools for policy management | Some products may have complex terms requiring careful review |
Policy Types & Riders – Nationwide Life Insurance
Available Policy Types
- Term Life: Provides coverage for a specified term (typically 10-30 years) with affordable premiums.
- Whole Life: Offers lifetime coverage with a guaranteed cash value component and level premiums.
- Children’s Whole Life: Permanent life insurance for children with fixed premiums and cash value growth.
- Universal Life: Flexible policy with adjustable premiums and death benefits; includes cash value accumulation.
- Indexed Universal Life: Cash value is tied to a stock market index, offering potential growth without direct market risk.
- Variable Universal Life: Allows policyholders to invest the cash value in various portfolios, providing potential for higher returns.
- No-Medical-Exam Life (Term): Term life coverage without a medical exam, simplifying the application process.
- Final Expense: Smaller whole life policy aimed at covering end-of-life expenses, like funeral costs.
Available Riders
- Term Conversion: Allows term life policyholders to convert their policy to a permanent life policy without a medical exam.
- Child Term: Adds term life coverage for children of the insured.
- Guaranteed Insurability Rider: Enables policyholders to increase coverage at specific intervals without a medical exam.
- Waiver of Premium: Waives premium payments if the policyholder becomes disabled and cannot work.
- Accidental Death Benefit: Pays an additional benefit if the policyholder’s death results from an accident.
- Terminal Illness: Allows access to a portion of the death benefit if diagnosed with a terminal illness.
- Long-Term Care: Provides funds from the death benefit to help cover long-term care expenses.
- Chronic Illness: Offers access to the death benefit if the policyholder is diagnosed with a chronic illness.
- Critical Illness: Provides a benefit if the policyholder is diagnosed with specific critical illnesses, like cancer or heart disease.
Customer Service and Claims
Nationwide is known for its customer service, with 24/7 assistance available and a responsive claims process. The company offers a variety of channels for customer support, including online chat, phone, and in-person consultations at local branches. Policyholders can manage their policies through a user-friendly online portal and mobile app, allowing for quick access to policy details, premium payments, and beneficiary updates.
Policyholder Satisfaction and Reviews
Nationwide generally receives positive reviews for its customer service, claims handling, and range of products. However, some customers report higher premiums for permanent life insurance products, as well as occasional delays in claims processing.
Banner by Legal & General Life Insurance
Banner Life Insurance, part of Legal & General America, is a prominent provider of life insurance products in the United States, specializing in affordable term and universal life insurance options. Established with a focus on offering reliable and flexible life insurance policies, Banner Life Insurance is known for its straightforward products designed to meet the varied needs of individuals and families.
Key Details
- Founded: 1949
- Headquarters: Urbana, Maryland, USA
- CEO: Mark Holweger
- Employees: Approximately 500
- Industry: Insurance
- Parent Organization: Legal & General Group Plc
- Website: www.bannerlife.com
Product Offerings
Banner Life Insurance provides a range of life insurance options tailored to the specific needs of policyholders:
- Term Life Insurance: Coverage for a specified term, typically from 10 to 40 years, with affordable premiums and customizable term lengths.
- Universal Life Insurance: Offers lifetime coverage with the flexibility of adjusting premiums and death benefits. Policyholders can also benefit from cash value accumulation that grows over time.
Financial Strength and Ratings
Banner Life Insurance is backed by strong financial ratings, reflecting its commitment to financial stability and its ability to meet policyholder obligations:
- A.M. Best: A+
- Moody’s: A2
- S&P: AA-
- Fitch: AA-
These ratings demonstrate Banner Life’s sound financial footing, conservative investment approach, and overall reliability.
Pros and Cons
| Pros | Cons |
|---|---|
| Affordable term life insurance options | Limited product variety beyond life insurance |
| Strong financial ratings and parent company backing | No whole life insurance options |
| Flexible term lengths and conversion options | Limited policy options for high-risk applicants |
| Responsive customer service and online policy management | Some limitations in investment options for universal life |
Policy Types & Riders
Available Policy Types
- Term Life Insurance: Coverage for a set period (10-40 years), affordable with conversion options.
- Universal Life Insurance: Flexible premiums and death benefits, with cash value growth.
- No-Medical-Exam Life Insurance: Fast coverage without a medical exam.
Available Riders
- Term Conversion Rider: Converts term policy to permanent without medical proof.
- Child Term Rider: Provides life insurance for children.
- Waiver of Premium Rider: Waives premiums if the policyholder becomes disabled.
- Terminal Illness Rider: Offers an early death benefit if diagnosed with a terminal illness.
Customer Service and Claims
Banner Life Insurance is recognized for its customer service and efficient claims process. Policyholders have access to online tools for policy management, including premium payments and policy updates, as well as a responsive support team available through phone and online channels.
Policyholder Satisfaction and Reviews
Banner Life Insurance generally receives favorable reviews for its affordable premiums, straightforward policy options, and reliable customer service. However, some customers have noted that the company’s limited product offerings may not meet all insurance needs, particularly for those seeking whole life options.
Lafayette Life Insurance
Lafayette Life Insurance, a subsidiary of the Western & Southern Financial Group, is a well-established provider of life insurance products in the United States. Known for its dependable and tailored life insurance solutions, Lafayette Life specializes in providing policies that offer financial security for both individuals and families.
Key Details
- Founded: 1905
- Headquarters: Cincinnati, Ohio, USA
- CEO: Pete Hildreth
- Employees: Over 1,000
- Industry: Insurance
- Parent Organization: Western & Southern Financial Group
- Website: www.lafayetteamerican.com
Product Offerings
Lafayette Life Insurance offers a variety of life insurance policies designed to suit the unique needs of policyholders:
- Term Life Insurance: Provides coverage for a set period, typically ranging from 10 to 30 years. Offers affordable premiums and flexible term lengths.
- Whole Life Insurance: Offers permanent coverage with guaranteed cash value accumulation. Premiums are fixed for the life of the policy.
- Universal Life Insurance: Flexible policy that allows for adjustable premiums and death benefits, along with the potential for cash value growth over time.
Financial Strength and Ratings
Lafayette Life Insurance is supported by solid financial ratings, indicating its ability to meet policyholder obligations and maintain financial stability:
- A.M. Best: A
- Moody’s: A2
- S&P: A
- Fitch: A
These ratings reflect Lafayette Life’s robust financial position and its conservative approach to investment and risk management.
Pros and Cons
| Pros | Cons |
|---|---|
| Variety of life insurance products, including permanent options | Limited product options for high-risk individuals |
| Strong financial backing from Western & Southern Financial Group | Premiums for permanent life insurance can be higher |
| Flexible universal life policies with cash value growth | Limited investment options in some life policies |
| Strong reputation for customer service and claims handling | Some policies may require extensive paperwork |
Policy Types & Riders
Available Policy Types:
- Term Life: Provides coverage for a set period, typically from 10 to 30 years, with affordable premiums.
- Whole Life: Permanent life insurance with fixed premiums and guaranteed cash value accumulation.
- Children’s Whole Life: Coverage for children that provides lifelong protection and builds cash value.
- No-Medical-Exam Life (Whole Life): Permanent coverage without the need for a medical exam, ideal for those with health concerns or time constraints.
- Final Expense: Designed to cover end-of-life expenses, such as funeral costs, with simplified underwriting.
Available Riders:
- Term Conversion: Allows conversion of a term life policy to permanent life insurance without a medical exam.
- Child Term: Provides life insurance coverage for children with a fixed death benefit.
- Guaranteed Insurability Rider: Offers the option to purchase additional coverage at certain times without medical exams.
- Waiver of Premium: Waives premiums if the policyholder becomes disabled and cannot work.
- Accidental Death Benefit: Pays an additional benefit if death occurs due to an accident.
- Terminal Illness: Advances a portion of the death benefit if diagnosed with a terminal illness.
- Chronic Illness: Provides benefits if the policyholder is diagnosed with a chronic illness that affects daily living.
- Critical Illness: Offers a lump-sum payout if the policyholder is diagnosed with a critical illness, such as cancer or heart disease.
Customer Service and Claims
Lafayette Life Insurance is recognized for its responsive customer service and smooth claims process. Policyholders can manage their policies online and through mobile apps, making it easy to track coverage, make payments, and access claims support. Additionally, the company provides a range of customer service channels, including phone and email support.
Policyholder Satisfaction and Reviews
Lafayette Life generally receives positive reviews for its range of life insurance products, strong financial security, and efficient claims process. However, some customers have noted that the premiums for whole life insurance policies can be higher compared to term life options, and the underwriting process may be more thorough.
Cheapest Term Premiums SBLI
Cheapest Term Premiums SBLI, a subsidiary of SBLI USA Life Insurance Company, Inc., is a leading provider of affordable term life insurance in the United States. Known for offering competitive and cost-effective premiums, SBLI specializes in providing straightforward term life insurance policies that ensure financial protection for individuals and families.
Key Details
- Founded: 1907
- Headquarters: Woburn, Massachusetts, USA
- CEO: Robert D. Cummings
- Employees: Approximately 500
- Industry: Insurance
- Parent Organization: SBLI USA Life Insurance Company, Inc.
- Website: www.sbli.com
Product Offerings
Cheapest Term Premiums SBLI offers a selection of term life insurance policies designed to meet the needs of policyholders seeking affordable coverage:
- Term Life Insurance: Provides coverage for a fixed period, typically ranging from 10 to 30 years. The policy offers affordable premiums and flexible term options.
- No-Medical-Exam Life Insurance: Term life insurance that does not require a medical exam, allowing for quicker coverage approval.
Financial Strength and Ratings
Cheapest Term Premiums SBLI benefits from strong financial ratings, ensuring its reliability in meeting policyholder obligations:
- A.M. Best: A
- Moody’s: A2
- S&P: A
- Fitch: A
These ratings reflect SBLI’s solid financial foundation and prudent risk management approach.
Pros and Cons
| Pros | Cons |
|---|---|
| Highly competitive term life premiums | Limited product range beyond term life insurance |
| Straightforward and easy-to-understand policies | No permanent life insurance options available |
| Fast approval process with no medical exam available for some policies | Limited riders and policy customization options |
| Strong financial ratings and stable backing | May not be suitable for individuals with high-risk health conditions |
Policy Types
- Term Life: Coverage for a specific period with lower premiums.
- Whole Life: Lifelong coverage with fixed premiums and cash value growth.
- Children’s Whole Life: Whole life insurance for children, can convert to adult policy.
- No-Medical-Exam Life: Available in term and whole life, no medical exam required.
- Final Expense: Covers funeral and end-of-life costs.
Riders
- Term Conversion: Converts term policy to whole life without medical exam.
- Child Term: Coverage for children under the parent’s policy.
- Guaranteed Insurability: Allows future coverage purchase without medical exams.
- Waiver of Premium: Waives premiums if the policyholder becomes disabled.
- Accidental Death: Additional benefit if death occurs due to an accident.
- Terminal Illness: Access to a portion of the death benefit if diagnosed with a terminal illness.
Customer Service and Claims
SBLI is known for its efficient customer service and claims processing. Policyholders can easily manage their policies through an online portal and mobile app, making it simple to make payments, update information, and submit claims. Support is available through phone and email.
Policyholder Satisfaction and Reviews
SBLI receives positive feedback for its affordable premiums and no-medical-exam options, making it a strong contender for those seeking cost-effective coverage. However, some customers have noted the company’s limited product offerings and fewer customization options for high-risk individuals.
Thrivent Life Insurance
Thrivent Life Insurance, a subsidiary of Thrivent Financial, is a well-established provider of life insurance products in the United States. Known for offering both term and permanent life insurance options, Thrivent emphasizes financial strength and customer-focused solutions.
Key Details
- Founded: 1902
- Headquarters: Minneapolis, Minnesota, USA
- CEO: Brad Hewitt
- Employees: Approximately 2,500
- Industry: Financial Services & Insurance
- Parent Organization: Thrivent Financial
- Website: www.thrivent.com
Product Offerings
Thrivent offers a range of life insurance policies designed to meet different needs, focusing on both long-term protection and investment growth:
- Term Life Insurance: Provides coverage for a specified term, typically ranging from 10 to 30 years, with affordable premiums.
- Whole Life Insurance: Lifelong coverage with the added benefit of cash value accumulation, which can be used as an asset.
- Universal Life Insurance: Offers flexibility in premiums and death benefits, with a focus on building cash value.
- Children’s Life Insurance: Provides coverage for children with options to convert to adult policies.
Financial Strength and Ratings
Thrivent Life Insurance benefits from strong financial ratings, which support its ability to meet policyholder obligations:
- A.M. Best: A+
- Moody’s: Aa3
- S&P: AA
- Fitch: AA
These ratings reflect Thrivent’s financial stability and robust risk management.
Pros and Cons
| Pros | Cons |
|---|---|
| Offers a variety of policy types, including whole and universal life | Premiums can be higher than some competitors |
| Strong financial ratings and stability | Limited availability of no-medical-exam options |
| Focus on customer-centric solutions | Some policies may require higher initial investment |
| Ability to build cash value in permanent life policies | May not be suitable for those seeking purely term life coverage |
Policy Types:
- Term Life: Coverage for a set term; pays only if the policyholder dies during the term.
- Whole Life: Lifetime coverage with cash value accumulation.
- Children’s Whole Life: Lifetime coverage for children, builds cash value.
- Universal Life: Flexible premiums and death benefits with cash value.
- Variable Universal Life: Universal life with investment options for cash value growth.
- No-Medical-Exam Life (Term): Term life with no medical exam, higher premiums.
Riders:
- Term Conversion: Convert term to permanent coverage without medical exam.
- Guaranteed Insurability: Buy additional coverage without a medical exam.
- Waiver of Premium: Waives premiums if the policyholder becomes disabled.
- Terminal Illness: Access part of the death benefit if diagnosed with a terminal illness.
Customer Service and Claims
Thrivent is praised for its excellent customer service, offering personalized advice and financial planning assistance. Policyholders can easily manage their accounts online or through a mobile app, with dedicated support available via phone or email for claims and inquiries.
Policyholder Satisfaction and Reviews
Thrivent receives positive reviews for its reliable customer service and a wide range of life insurance products. Customers appreciate the flexibility of universal and whole life policies, but some note the higher premiums compared to term-only options. Additionally, Thrivent’s strong focus on financial security and mutual benefit makes it a preferred choice for individuals looking for long-term protection and wealth-building options.
Pacific Life Insurance
Pacific Life, a leading provider of life insurance and annuity products, is known for its financial strength and commitment to offering reliable protection and growth solutions for individuals, families, and businesses. With a wide range of products, Pacific Life is dedicated to helping clients plan for the future and achieve their financial goals.
Key Details
- Founded: 1868
- Headquarters: Newport Beach, California, USA
- CEO: Jim Morris
- Employees: Approximately 3,000
- Industry: Insurance, Financial Services
- Parent Organization: Pacific LifeCorp
- Website: www.pacificlife.com
Product Offerings
Pacific Life offers a variety of life insurance and annuity products designed to meet the diverse needs of its customers:
- Life Insurance: Pacific Life provides term, universal, and whole life insurance policies. These options are designed to offer financial protection for families, with customizable coverage and flexible premium payments.
- Annuities: The company offers fixed, variable, and indexed annuities, providing guaranteed income solutions for retirement planning.
- Investments: Pacific Life also offers mutual funds and other investment products designed to help clients grow their wealth.
Financial Strength and Ratings
Pacific Life holds strong financial ratings, reflecting its stability and ability to meet its policyholder obligations:
- A.M. Best: A+
- Moody’s: Aa3
- S&P: AA-
- Fitch: AA-
These ratings highlight Pacific Life’s solid financial foundation and consistent performance in the insurance industry.
Pros and Cons
| Pros | Cons |
|---|---|
| Strong financial ratings and stability | Higher premiums for certain policy types |
| Wide range of life insurance and annuity products | May have limited availability in some states |
| Customizable coverage and flexible payment options | Some products may require medical exams |
| High level of customer service and claims support | Investment options may have higher fees |
Available Policy Types
- Term Life: Affordable coverage for a fixed term (e.g., 10, 20, or 30 years).
- Universal Life: Flexible permanent coverage with adjustable premiums and death benefits.
- Indexed Universal Life: Combines universal life with potential returns linked to a stock market index.
- Variable Universal Life: Offers investment options, with cash value tied to market performance.
- No-Medical-Exam Life: Simplified coverage without the need for a medical exam.
Available Riders
- Term Conversion: Convert term life to permanent insurance without a medical exam.
- Child Term: Life coverage for children.
- Waiver of Premium: Waives premiums if the policyholder becomes disabled.
- Disability Income: Provides monthly income if disabled.
- Terminal Illness: Accelerated death benefit for terminal illness diagnosis.
- Long-Term Care: Pays for long-term care expenses.
- Chronic Illness: Accelerated death benefit for chronic illness.
Customer Service and Claims
Pacific Life is known for its responsive customer service and efficient claims processing. Customers can easily manage their policies through an online portal or mobile app, allowing them to make payments, update information, and submit claims. Support is available via phone, email, and online chat.
Policyholder Satisfaction and Reviews
Pacific Life receives positive feedback for its diverse range of insurance products, strong financial backing, and reliable customer service. However, some customers have noted that certain policies may have higher premiums or more complex requirements for approval. Despite this, Pacific Life remains a popular choice for individuals looking for solid financial security and flexible insurance solutions.
Symetra Life Insurance Company
Symetra Life Insurance Company, a subsidiary of Symetra Financial Corporation, is a well-established provider of life insurance, annuities, and employee benefits. With a strong reputation for offering a variety of coverage options, Symetra is committed to delivering affordable and reliable insurance solutions for individuals and businesses.
Key Details
- Founded: 1957
- Headquarters: Bellevue, Washington, USA
- CEO: Tom Marra
- Employees: Approximately 1,800
- Industry: Insurance
- Parent Organization: Symetra Financial Corporation
- Website: www.symetra.com
Product Offerings
Symetra offers a wide range of life insurance and annuity products designed to provide comprehensive coverage for different needs:
- Term Life Insurance: Provides affordable coverage for a specific term, with options ranging from 10 to 30 years. This policy is ideal for individuals seeking financial protection for their families.
- Permanent Life Insurance: Includes Whole Life and Universal Life policies, offering lifelong coverage with the opportunity to build cash value.
- Annuities: Symetra provides both fixed and indexed annuities to help individuals secure steady income during retirement.
- Employee Benefits: Symetra offers a variety of employee benefit plans, including group life, disability, and dental insurance.
Financial Strength and Ratings
Symetra boasts strong financial ratings, reflecting its ability to meet policyholder obligations and maintain a solid financial foundation:
- A.M. Best: A
- Moody’s: A3
- S&P: A
- Fitch: A
These ratings demonstrate Symetra’s strong financial position and commitment to its policyholders.
Pros and Cons
| Pros | Cons |
|---|---|
| Competitive premiums for term and permanent life insurance | Limited availability of some high-risk life insurance products |
| Wide range of life insurance and annuity options | Some policies may require higher premiums for older individuals |
| Strong financial stability and backing | May not offer the most flexible options for policy customization |
| Excellent customer service and claims processing | Some products may have limited riders or add-ons |
Policy Types & Riders
Policy Types:
- Term Life: Affordable coverage for a fixed period (10-30 years).
- Indexed Universal Life (IUL): Flexible premiums with cash value tied to a stock market index.
- Variable Universal Life (VUL): Combines flexible premiums with investment options.
- No-Medical-Exam Term Life: Fast approval without a medical exam.
Riders:
- Term Conversion: Convert term to permanent life insurance without medical underwriting.
- Child Term: Coverage for children at a low cost.
- Waiver of Premium: Waives premiums if the policyholder becomes disabled.
- Accidental Death Benefit: Additional payout for accidental death.
- Terminal Illness: Accelerated death benefit for terminal illness.
Customer Service and Claims
Symetra is recognized for its customer service and straightforward claims processing. Policyholders can easily manage their insurance policies and submit claims online, and support is available via phone and email.
Policyholder Satisfaction and Reviews
Symetra receives favorable reviews for its competitive pricing, broad product offerings, and customer support. While many customers appreciate the flexibility of the term life and annuity products, some note that the company’s higher-risk coverage options may be less comprehensive compared to other providers. However, it remains a solid choice for individuals and families seeking reliable and cost-effective insurance coverage.
Protective Life
Protective Life, a subsidiary of Protective Insurance Company, is a leading provider of life insurance products designed to offer financial security for individuals and families. Known for its wide range of affordable policies, Protective Life focuses on providing comprehensive coverage with flexibility and strong customer service.
Key Details
- Founded: 1907
- Headquarters: Birmingham, Alabama, USA
- CEO: John D. Johns
- Employees: Approximately 3,000
- Industry: Insurance
- Parent Organization: Protective Insurance Company
- Website: www.protective.com
Product Offerings
Protective Life provides a broad range of life insurance products to suit various needs:
- Term Life Insurance: Offers affordable coverage for a specified term, generally from 10 to 30 years. This option is ideal for policyholders seeking protection at competitive rates.
- Permanent Life Insurance: Includes options such as whole life and universal life insurance, providing lifelong coverage with potential cash value accumulation.
- Accident Insurance: Offers financial support in the event of an accident, helping policyholders manage medical and living expenses.
- Critical Illness Insurance: Provides a lump-sum benefit in case the policyholder is diagnosed with a critical illness, offering a safety net during tough times.
Financial Strength and Ratings
Protective Life enjoys robust financial ratings, confirming its strong position in the industry:
- A.M. Best: A+
- Moody’s: A1
- S&P: A
- Fitch: A
These ratings highlight Protective Life’s stability, financial security, and ability to fulfill policyholder claims.
Pros and Cons
| Pros | Cons |
|---|---|
| Wide range of policy options, including term and permanent life insurance | Higher premiums for permanent life insurance policies compared to term options |
| Strong financial ratings and a long track record of reliability | Limited riders available for customization |
| Affordable term life premiums with flexible options | No no-medical-exam policies available for term life |
| Well-established brand with a strong customer service reputation | May not be suitable for those looking for highly specialized coverage |
Available Policy Types
- Term Life: Affordable coverage for a fixed term (10-30 years).
- Whole Life: Lifelong coverage with cash value.
- Universal Life: Flexible coverage with adjustable premiums and cash value.
- Index Universal Life: Cash value linked to a stock market index for potential growth.
- Variable Universal Life: Flexible coverage with investment options for cash value growth.
Available Riders
- Term Conversion: Convert term life to permanent life without a medical exam.
- Child Term: Coverage for policyholder’s children.
- Guaranteed Insurability: Option to increase coverage without medical underwriting.
- Waiver of Premium: Waives premiums if the policyholder becomes disabled.
- Accidental Death: Extra benefit if death is due to an accident.
- Terminal Illness: Access a portion of the death benefit if terminally ill.
- Chronic Illness: Access a portion of the death benefit for long-term care.
Customer Service and Claims
Protective Life is recognized for its responsive customer service and efficient claims processing. Policyholders can easily manage their policies through an online portal and mobile app, streamlining payments, updates, and claims submissions. Customer support is readily available via phone and email, ensuring an overall positive experience.
Policyholder Satisfaction and Reviews
Protective Life is highly regarded for its wide selection of life insurance policies, offering coverage that fits various budgets and needs. Customers appreciate the company’s solid financial ratings and extensive history of dependability. However, some reviews note that the premiums for permanent life insurance can be relatively higher compared to other providers, and there is a lack of no-medical-exam options for term life insurance.
