National Integrity Life Insurance Company is a reputable life insurance company that has been in operation for many years. Its primary focus is on providing comprehensive insurance policies that cater to the needs of individuals, families, and businesses. The company provides a range of insurance products, including term life insurance, whole life insurance, and universal life insurance. In this article, we will explore everything you need to know about National Integrity Life Insurance Company, including its history, products, and customer reviews.
History of National Integrity Life Insurance Company
National Integrity Life Insurance Company was founded in the year 1965, and it is headquartered in Greenwich, Connecticut. The company is a wholly-owned subsidiary of Western & Southern Financial Group, which is one of the leading financial services companies in the United States. National Integrity Life Insurance Company has a rating of A+ (Superior) from A.M. Best, which is a leading rating agency that evaluates the financial strength of insurance companies.
The company has a rich history of providing financial security to its policyholders. Over the years, National Integrity Life Insurance Company has expanded its operations to several states in the United States, including Ohio, Texas, California, New York, and Pennsylvania. The company has also established partnerships with several financial institutions, including credit unions and banks, to provide insurance products to their members and customers.
Products Offered by National Integrity Life Insurance Company
National Integrity Life Insurance Company offers a range of insurance products that cater to the needs of individuals, families, and businesses. Here is a list of some of the products offered by the company:
Product |
Description |
|---|---|
Term Life Insurance |
Provides coverage for a specific period, such as 10, 20, or 30 years. |
Whole Life Insurance |
Provides coverage for the entire life of the policyholder, as long as the premiums are paid. |
Universal Life Insurance |
Provides flexible coverage that allows the policyholder to adjust the death benefit and premiums over time. |
Annuities |
Provides a steady stream of income during retirement. |
Long-Term Care Insurance |
Provides coverage for the costs of long-term care, such as nursing home care, if the policyholder becomes unable to care for themselves. |
Term Life Insurance
Term life insurance is a type of life insurance that provides coverage for a specified period. National Integrity Life Insurance Company offers term life insurance policies that are available in terms of 10, 20, and 30 years. The policies are renewable, which means that the policyholder can choose to renew the policy at the end of the term without undergoing a medical examination. The policies are also convertible, which means that the policyholder can convert the policy to a permanent life insurance policy without undergoing a medical examination.
The premiums for term life insurance policies are typically lower than those for permanent life insurance policies. However, the death benefit is only paid out if the policyholder dies during the term of the policy. If the policyholder outlives the policy, they will not receive any benefits.
Whole Life Insurance
Whole life insurance is a type of life insurance that provides coverage for the entire life of the policyholder. The premiums for whole life insurance policies are typically higher than those for term life insurance policies, but the policies offer several benefits.
Firstly, whole life insurance policies provide coverage for the entire life of the policyholder, as long as the premiums are paid. This means that the policyholder can enjoy the peace of mind of knowing that their loved ones will be financially secure, regardless of when they pass away.
Secondly, whole life insurance policies have a savings component that accumulates cash value over time. The policyholder can borrow against the cash value of the policy or withdraw the cash value as needed. The cash value can also be used to pay the premiums for the policy.
Universal Life Insurance
Universal life insurance is a type of life insurance that provides flexible coverage. The policyholder can adjust the death benefit and premiums over time to meet changing needs. National Integrity Life Insurance Company offers two types of universal life insurance policies:
- Fixed Universal Life Insurance: Provides a guaranteed death benefit and cash value accumulation rate.
- Indexed Universal Life Insurance: Provides the potential for higher cash value accumulation rate based on the performance of the stock market.
The policyholder can choose to pay the minimum premium or pay more than the minimum premium to accumulate more cash value. The cash value can be used to pay the premiums for the policy or borrowed against as needed.
National Integrity Life Insurance Company Customer Reviews
National Integrity Life Insurance Company has received generally positive reviews from its customers. Customers have praised the company for its prompt and efficient service, competitive premiums, and comprehensive insurance products.
Here are some of the customer reviews:
- “I have been a customer of National Integrity Life Insurance Company for many years and have always been pleased with their service. They offer competitive premiums and their agents are knowledgeable and helpful.” – John D.
- “I recently purchased a term life insurance policy from National Integrity Life Insurance Company and was impressed with how easy the process was. The premiums were very affordable, and the policy was exactly what I was looking for.” – Sarah P.
- “I have a whole life insurance policy with National Integrity Life Insurance Company and have been very happy with it. The premiums are higher than a term life insurance policy, but I like the peace of mind of knowing that my loved ones will be financially secure no matter when I pass away.” – Robert T.
FAQs about National Integrity Life Insurance Company
Q: How do I apply for a National Integrity Life Insurance Company policy?
A: You can apply for a National Integrity Life Insurance Company policy by contacting an agent or by visiting the company’s website and filling out an application.
A: The premiums for a life insurance policy are based on several factors, including the age, health, and lifestyle of the policyholder, as well as the type of policy and the amount of coverage.
Q: Can I change the beneficiaries of my life insurance policy?
A: Yes, you can change the beneficiaries of your life insurance policy at any time by contacting National Integrity Life Insurance Company and submitting a beneficiary change form.
A: If you miss a premium payment, there may be a grace period during which you can still make the payment without losing coverage. If the payment is not made within the grace period, the policy may lapse, and the coverage may be terminated.
Q: How long does it take to receive the death benefit after the policyholder passes away?
A: The time it takes to receive the death benefit after the policyholder passes away depends on several factors, including the cause of death and the completeness of the claim. In general, it takes several weeks to several months to receive the death benefit.
Conclusion
National Integrity Life Insurance Company is a reputable life insurance company that has been providing financial security to its policyholders for many years. The company offers a range of insurance products that cater to the needs of individuals, families, and businesses. With its competitive premiums, comprehensive insurance products, and excellent customer service, National Integrity Life Insurance Company is an excellent choice for anyone looking for life insurance coverage.