Offering life insurance plans as well as insurance plans dealing with long-term health care as well as with retiring, Bankers Life is as successful as the next insurance company, even priding itself on its great customer service and its ability to evolve. Its creator, John D. McArthur, truly started a wonderful company with a powerful message, aiming to make health and life care affordable. In addition, the people who currently work for Bankers Life have met the many requirements necessary, and, in fact, have been carefully selected. Ultimately, this is all part of what makes the company's mission not only possible but reality.
With Bankers Life, clients can take advantage of life insurance, medicare supplement insurance, annuities, and long-term care insurance products. Additionally, clients can choose between term, universal, and whole life insurance policies. What this means, is that it is up to you and your family to decide which plan benefits you more. For example, the term plan is the most affordable one, while the whole life plan guarantees a lifetime of protection. Other benefits include:
This plan guarantees you coverage for the amount of time in which you purchase it. For instance, you might choose to purchase coverage for 5, 10 or 20 years. According to the website, these seem to be the only three options. Temporary needs should be met with this one.
This plan should provide you with unlimited protection. There is flexibility when it comes to premium payments. This money can be used in the future.
This plan guarantees to protect you for the rest of your life. Perhaps it is worth investing in your future-even if it is more expensive than the term life. If your family agrees and can afford it, do not waste the opportunity to protect your life. When deciding which plan is right for you, determine how much risk your current-and past-health conditions bring. The universal and whole life plans are both for real-and the term plan lasts only as long as you stipulate. There are many factors that determine affordability and the correct plan:
Life insurance is important in order for your family to feel-and be-protected. Aside from that, it is important for your assets to be covered and for you to be able to live freely should anything go wrong throughout your life. It might be harder to afford the whole life plan, though, so find the plan that is right for you.
There are certain negative aspects that diminish in comparison to the positives. However, they are worth noting when deciding whether to continue with Bankers Life's insurance coverage. The following is simply composed of several key points that might help you determine whether Bankers Life is the right choice of insurance for you:
The website forgot to mention certain details. These are important when noting whether the company is right for your insurance needs and for your family's protection. They are not clear, for example, on how many states they are available in-or if there are states in which they are not. However, there is a way to enter your zip code and check to see if there is an agent near you, and with 300 locations, there probably is. Part of the reason that a lack of transparency is a negative thing is because there are exclusions-these might be deal-breakers, and it is important to know about the exclusions before making a decision. If you do not notice this statement, you might forget to ask the agent, and you might regret it later. If you choose to get coverage by this company, remember to ask your agent about the possible trigger payments and exclusions while you are receiving your quote. The minimum and maximum ages are not mentioned either.
On the website, there seems to only be an option for 5, 10 or 20 years. While competitors like AIG offer a range from 10 to 30, in intervals of 5, it is unfortunate that Bankers Life's term plan only seems to reach 20. However, the good news is that AIG does not offer a 5-year plan, while Bankers Life does.
There are many insurance companies that offer a 24-hour chat service. Bankers Life, unfortunately, is not one of them. There is a way to leave a message on the website, though, and they will get back to you promptly.
When looking for a quote, the website requested that we check out other companies. They could not offer a quote based on the information we filled out, which was a 30-year-old married female, non-smoker, non-drinker, with excellent health, no pre-existing conditions, a low-risk job, low-risk activities, and California resident.
Eddie Rios Ogden, UT
3 years ago
iceline sincere Lakeland, FL
3 years ago