Assurity Life Insurance Company Review
In our Assurity Life Insurance Company review, we will go over the pros and cons of this organization, and also suggest some alternatives to them. Our main objective is to aid you in obtaining the best life insurance rates possible from the top 10 life insurance companies.
Assurity Life Insurance Company
Review Summary
The Assurity Life Insurance Company offers shoppers great products at competitive rates. They are one of the top carriers for smokers and no medical exam policies.
About Assurity Life
For over 125 years, Assurity Life Insurance Company has developed first-rate value for their customers by establishing relationships that last, maintaining their financial strength, and ushering change in their services and products.
Assurity Life Insurance Products
Assurity provides shoppers with a variety of life insurance products which include:
You should know the difference between whole vs term life insurance prior to choosing one of these popular life insurance types.
Whole Life
Whole life is exactly what the name implies – insurance that lasts as long as your life. It establishes cash value, and is a smart choice for people who want to be protected in the long run. Some other examples of using whole life insurance would be with establishing trusts, estate planning, business planning, business life insurance, or by using life insurance in a buy-sell agreement.
Assurity LifeScape Whole Life Insurance
This is a completely underwritten whole life insurance policy with fixed level premiums that last throughout duration of the policy. As with all types of whole life insurance, cash value is built with the policy, and lasts as long as your life, pending payment of the premiums.
Anyone up to the age of 85 years old is eligible for face amounts starting at $10,000.
Also available are Preferred and Preferred Plus rate classes. The LifeScape Whole Life Insurance policy consists of a pair of riders at no extra premium, as well as an optional 10 riders that includes a Critical Illness Benefit.
Term Life
The duration of term life insurance is the period of a term you select. The policy can be renewed when the term ends, which is generally every year.
It can be renewed either with an increase in the premium, or a decrease in the face amount.
Assurity LifeScape NonMed Term 350
This is a “no medical exam policy” that is completely underwritten. For the most part, the person to be insured won’t be subjected to a medical exam, but will be obligated to answer a comprehensive questionnaire about their history of health. In conjunction with the application questions, pharmacy, MIB and MVR details will be examined.
This is ideal for anyone who needs a policy with a competitive rate, without the need of a blood sample.
Assurity LifeScape NonMed Term 350 details:
- LifeScape NonMed Term 350 is available for people between the ages of 18 to 65
- Face amounts are priced between $50,000 to $350,000.
- There are 10, 15, 20 and 30-year term periods available.
- Preferred rate classes are not an option. The underwriting classes consist of Select, Select Plus, and Standard. There are several life insurance riders available that includes a Critical Illness Benefit.
Assurity LifeScape Term 350 Plus
This is a completely guaranteed underwritten term life insurance premium policy. This means you’ll have to undergo a medical exam with a blood test.
Assurity LifeScape Term 350 Plus Details:
- It is available for people between the ages of 18 and 74.
- Rates range from $350,001 and higher for people between the ages of 18 and 65 years old
- $100,000 and higher for people between the ages of 66-75.
- There are 10, 15, 20 and 30-year term periods available.
- You may also select Preferred and Preferred Plus rate classes.
Term is a smart choice when you require life insurance for a set period of time, perhaps to protect the breadwinner in the family, to cover business or SBA loans, or to adhere to the needs of a divorce legal order.
Life Insurance Riders
There are life insurance riders available, including Critical Illness Benefits.
If the insured is diagnosed with a life-threatening illness, the Critical Illness Benefit Rider pays out a round figure, without decreasing the death benefit. The death benefit would be paid in conjunction with the Critical Illness Benefit. Additionally, if you have been diagnosed for the first time, you’ll still qualify for benefits from several categories of critical illnesses, pending the continued payment of premiums.
Will Assurity give you the best rate?
Will Assurity or some other company like Nationwide, Progressive, Geico or John Hancock get you the best deal? If you want to make sure you’re getting the best life insurance policy available, here’s what you need to do…
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Assurity Life Insurance Advantages
Assurity ranks as one of the top 10 “No Medical Exam Life Insurance” organizations out there, and makes our list of affordable insurance companies.
Assurity Life will offer you some of the most economic rates available. Depending on the age bracket you’re in, Assurity is a smart choice for both whole and term life insurance.
Life Insurance Alternatives?
Assurity might be the company for you if you need another no exam life insurance choice. You may have a situation or preexisting health condition that makes another company a better fit than Assurity. It is also a smart option if you’re between specific age brackets.
That said, there are other insurance companies to choose from, and as such, other companies might provide better options.
Instead of choosing Assurity, you could opt to purchase life insurance from an agency that represents more than one life insurance company. It is prudent to understand all of your choices in order to make an informed decision.
Everyone is different and so are the insurance companies.
Because everyone is different, there is no right choice for everyone. Assurity is a great fit for many situations, but not all. Some companies are a better fit for certain health conditions or if you use tobacco. To determine if Assurity is the right life insurance company for you, run a free instant life insurance quote anywhere on Life Insurance Blog.
Our recommendation
Make sure you always shop around and use a licensed life insurance agent. We are a licensed broker centered on aligning a client’s needs with a company that provides the best rate. We do this by finding out what your health and lifestyle is like, so we can customize a policy that’s suitable for you.
With over 60 of the best life insurance companies to choose from, we can help you find the right product and company.
Contact us at today and see how Life Insurance Blog can help you!
To learn more about life insurance, make sure to visit our page Life Insurance 101 or find out how much you may end up paying for coverage on our Life Insurance Rates by Age page.
