Life insurance is an important investment that provides financial protection to your loved ones in the event of your death. Assurity Life Insurance is a reputable company that provides affordable life insurance policies to individuals and families. In this article, we will discuss the benefits of Assurity Life Insurance, its different policies and coverages, and how to apply for a policy.
Who is Assurity Life Insurance?
Assurity Life Insurance is a mutual insurance company that was founded in 1890. Headquartered in Lincoln, Nebraska, Assurity is committed to providing affordable and flexible insurance policies to its customers. The company’s mission is to help people through difficult times by providing financial security.
Assurity Life Insurance is rated A- (Excellent) by A.M. Best, a leading rating agency that assesses the financial strength and stability of insurance companies. This rating reflects Assurity’s financial stability and its ability to meet its financial obligations to its customers.
Assurity Life Insurance Policies
Assurity Life Insurance offers a variety of life insurance policies that cater to different needs and budgets. These policies include:
POLICIES |
BENEFITS |
|---|---|
Term Life Insurance |
Provides coverage for a specified period of time. Premiums are typically lower than permanent life insurance policies |
Whole Life Insurance |
A permanent life insurance policy that provides coverage for the policyholder’s entire life. Premiums remain the same throughout the life of the policy |
Universal Life Insurance |
A flexible permanent life insurance policy that allows policyholders to adjust their premiums and death benefit as their needs change |
Accidental Death Insurance |
Provides coverage in the event of accidental death or dismemberment. This policy is typically cheaper than other life insurance policies |
Term Life Insurance
Term life insurance provides coverage for a specified period of time, typically 10, 20, or 30 years. Term life insurance policies are generally cheaper than permanent life insurance policies, making them an affordable option for families on a budget.
Assurity Life Insurance offers several term life insurance policies, including:
Non-Med Term 350 Term Life Insurance
This policy provides coverage for up to $350,000 without the need for a medical exam. Premiums are based on the policyholder’s age, gender, and health status. This policy is ideal for individuals who want to get coverage quickly without going through the hassle of a medical exam.
Term Life Insurance
This policy provides coverage for a specified period of time, typically 10, 15, 20, or 30 years. Premiums are based on the policyholder’s age, gender, health status, and the length of the policy. After the policy term ends, policyholders can choose to renew their policy or convert it to a permanent life insurance policy.
Whole Life Insurance
Whole life insurance is a permanent life insurance policy that provides coverage for the policyholder’s entire life. Premiums remain the same throughout the life of the policy, making it easier for policyholders to budget their expenses.
Assurity Life Insurance offers several whole life insurance policies, including:
LifeScape Whole Life Insurance
This policy provides coverage for the policyholder’s entire life. Premiums are based on the policyholder’s age, gender, and health status. The policy also includes a cash value component that grows over time and can be used to supplement retirement income or pay for other expenses.
Legacy Protector Whole Life Insurance
This policy provides coverage for the policyholder’s entire life, with premiums that remain the same throughout the life of the policy. The policy also includes a cash value component that grows over time and can be used to supplement retirement income or pay for other expenses.
Universal Life Insurance
Universal life insurance is a flexible permanent life insurance policy that allows policyholders to adjust their premiums and death benefits as their needs change.
Assurity Life Insurance offers several universal life insurance policies, including:
SecureChoice Universal Life Insurance
This policy provides coverage for the policyholder’s entire life. Premiums are flexible and can be adjusted to fit the policyholder’s changing needs. The policy also includes a cash value component that grows over time and can be used to supplement retirement income or pay for other expenses.
Indexed Universal Life Insurance
This policy provides coverage for the policyholder’s entire life. Premiums are flexible and can be adjusted to fit the policyholder’s changing needs. The policy also includes a cash value component that grows over time and is tied to the performance of a stock market index.
Accidental Death Insurance
Accidental death insurance provides coverage in the event of accidental death or dismemberment. This policy is typically cheaper than other life insurance policies and can provide some financial protection in the event of a sudden accidental death.
Assurity Life Insurance offers several accidental death insurance policies, including:
Acci-Flex Accidental Death Insurance
This policy provides coverage in the event of accidental death or dismemberment. Premiums are affordable and can provide some financial protection to individuals and families on a budget.
Why Choose Assurity Life Insurance?
Assurity Life Insurance has several benefits that make it a top choice among customers. These benefits include:
Affordability
Assurity Life Insurance offers affordable policies that cater to different budgets. The company’s policies are competitively priced and provide excellent value for money.
Flexibility
Assurity Life Insurance policies are flexible and can be adjusted to fit the policyholder’s changing needs. Whether you need to increase your death benefit or adjust your premiums, Assurity Life Insurance can help you find a policy that works for you.
Financial Stability
Assurity Life Insurance is rated A- (Excellent) by A.M. Best, a leading rating agency that assesses the financial strength and stability of insurance companies. This rating reflects Assurity’s financial stability and its ability to meet its financial obligations to its customers.
Customer Service
Assurity Life Insurance is committed to providing excellent customer service to its customers. The company has a team of knowledgeable and friendly representatives who are available to answer any questions or concerns you may have about your policy.
FAQs
What is life insurance?
Life insurance is a contract between an individual and an insurance company. The individual agrees to pay premiums in exchange for financial protection for their loved ones in the event of their death.
How does life insurance work?
Life insurance works by providing financial protection to the policyholder’s loved ones in the event of their death. The policyholder pays premiums to the insurance company, and in exchange, the company promises to pay a death benefit to the policyholder’s beneficiaries upon their death.
How much life insurance do I need?
The amount of life insurance you need depends on several factors, including your income, debts, and the needs of your loved ones. A general rule of thumb is to have enough life insurance coverage to replace your income for several years and pay off any outstanding debts.
Can I change my life insurance policy?
Yes, you can change your life insurance policy at any time. If you need to increase your death benefit or adjust your premiums, you can contact your insurance company to make the necessary changes.
How do I apply for Assurity Life Insurance?
To apply for Assurity Life Insurance, you can visit their website or contact their customer service team. You will need to provide some basic information about yourself, including your age, gender, and health status.
Conclusion
Assurity Life Insurance is a reputable insurance company that provides affordable and flexible life insurance policies to individuals and families. Whether you are looking for term life insurance, whole life insurance, or accidental death insurance, Assurity has a policy that can meet your needs and budget. With its excellent customer service, financial stability, and competitive pricing, Assurity is a top choice for anyone looking for quality life insurance coverage.