Senior life insurance reviews tend to be mixed. Some customers have had great experiences with the company, while others have had less than pleasant experiences. While it has a high BBB rating, and offers a 20-year term life policy, it doesn’t have any special discounts or benefits. This can make it difficult to choose the right company for you.
Customer feedback on Senior Life Insurance is mixed
Senior Life Insurance is a life insurance company that offers a wide variety of life insurance products for seniors. The company offers products for all types of health conditions, as well as guaranteed level premiums, cash values, and policy loans. The company also does not reduce death benefits based on age, which is a huge plus. The company’s customer feedback is generally positive, although some customers have had problems with customer service and the company’s claims process.
The company started in 1970, and offers a variety of whole life and term life insurance policies in 40 states and the District of Columbia. It is conservatively managed and maintains a strong financial position several times above the minimums required by most states. Its products include term and whole life insurance plans, which are often marketed as “final expense insurance.”
It has a high rating through the BBB
If you are looking for a senior life insurance plan, Senior Life is a great option. This company has been around for more than 50 years and has earned a high rating through the Better Business Bureau. Senior Life has been around since 1970, starting in six states and now operating in 39 states and the District of Columbia. The company prides itself on finding new ways to meet the needs of its clients, and was one of the first to implement marketing telesales techniques.
The company offers two types of term life insurance policies. Both offer coverage up to $50,000 for individuals between ages 20 and 65. Senior Life does not increase premiums or lower benefits over time, and premium payments cannot be cancelled without notice. This policy is available in a variety of terms and can be customized to meet your specific needs.
There are different ways to get life insurance, and a good way to compare quotes is by using online tools. Senior Life Insurance Company has two types of policies available to individuals and families. Term policies are usually for a fixed period, such as 20 years, while whole or permanent policies have a flexible duration.
It offers a 20-year term life insurance policy
Senior Life Insurance Company offers a 20-year term life insurance plan that will provide coverage up to $50,000 for a specified period of time. This type of policy has lower premiums than other types of life insurance, but it is not permanent and does not build cash value. The company does not display their rates online; you must talk to an agent to get an accurate quote. The company has also been sued in the past for making unsolicited calls to customers.
Transamerica Life Insurance Company is another company that offers term life insurance for seniors. It offers Accelewriting, an automated underwriting system that can provide an underwriting decision within minutes. This process requires no bodily fluids or Attending Physician’s Statements, but may require a telephone interview. In addition, Transamerica offers a term life policy with living benefits that includes critical illness, chronic illness, and terminal illness riders. Another company that offers term life insurance for older adults is Mutual of Omaha, which offers a no-medical exam option.
Term life insurance for seniors is a great way to protect loved ones in the event of a disaster. These policies can cover funeral expenses and help pay for final expenses. They also offer riders for accelerated death benefits, long-term care, and more.
It does not offer specific discounts
Senior Life is a life insurance company with over 50 years of experience. They do not offer specific discounts or special offers, but they do offer no medical exam coverage for people with pre-existing conditions. However, they are not accredited by the BBB and have received several complaints. Additionally, their website is dated and unpolished. Lastly, they are not available nationwide and only offer one term plan. Their customer service is also lacking and there are numerous negative reviews. For this reason, it is not recommended that you purchase a policy from this company.