1. Nationwide vs National Life Group

Nationwide vs National Life Group

Alice Stevens
Alice Stevens | Senior Editor

If you're choosing between Nationwide and National Life Group, you're choosing between two good insurers. Both have demonstrated financial stability by standing the test of time and earning high financial strength ratings. Financial stability is one of the most important parts of choosing an insurer because you don't want your beneficiaries to have difficulty receiving a payout.

The biggest differences between the two insurers are their policy offerings, information provided on available riders, and the ability to get an online quote.

Nationwide logo
#24 Nationwide
Insufficient Reviews
3.6
starstarstarstar_halfstar_border
(7)
National Life Group logo verified_user
#8 National Life Group
8.1 Overall Score
3
starstarstarstar_borderstar_border
(23)

Overview

Nationwide

National Life Group

Financial Strength
Financial Strength
A+ (A.M. Best)
A (A.M. Best)
Term Policies
Term Policies
Yes
Yes
Whole Policies
Whole Policies
Yes
Yes
Universal Policies
Universal Policies
Yes
Yes
Final Expense Policies
Final Expense Policies
Undisclosed
Undisclosed
Time In Business
Time In Business
95 Years
173 Years

Ratings

Nationwide

National Life Group

Overall Score
Overall Score
4.6 of 10
8.1 of 10
Review Score
Review Score
3.6
starstarstarstar_halfstar_border
3.0
starstarstarstar_borderstar_border
Value for Money
Value for Money
3.7
starstarstarstar_halfstar_border
3.2
starstarstarstar_halfstar_border
Quality of Product or Service
Quality of Product or Service
3.7
starstarstarstar_halfstar_border
3.1
starstarstarstar_halfstar_border
Customer Service
Customer Service
3.6
starstarstarstar_halfstar_border
3.0
starstarstar_halfstar_borderstar_border
Company Trustworthiness
Company Trustworthiness
3.7
starstarstarstar_halfstar_border
3.0
starstarstarstar_halfstar_border
Likely to Recommend
Likely to Recommend
7.1 of 10
4.9 of 10

Reviews

Nationwide

National Life Group

Number of Reviews
Number of Reviews
7
23
Review Breakdown
Review Breakdown
3.6
starstarstarstar_halfstar_border
5 star
14%
4 star
57%
3 star
14%
2 star
0%
1 star
14%
3.0
starstarstarstar_borderstar_border
5 star
48%
4 star
0%
3 star
0%
2 star
4%
1 star
48%

Reviews for Nationwide

Helpful Favorable Review

starstarstarstar_borderstar_border

JOHN M CAMPBELL

March 5th, 2021 , DETAILS arrow_drop_down
Value for your money
starstarstarstarstar_border
Quality of product or service
starstarstarstar_borderstar_border
Customer service
starstarstarstar_borderstar_border
Company trustworthiness
starstarstarstarstar_border

I have a small life insurance policy with Nationwide. The only reason I gave them a four-star rating is because they bill once a year, using "snail-mail" & not offer the connivence of either paying by credit card or with a bank draft. Seems like such a large company as Nationwide would "get up to date"!


Helpful Critical Review

starstar_borderstar_borderstar_borderstar_border

Courtney

March 5th, 2021 Sachse, TX DETAILS arrow_drop_down
Value for your money
starstarstar_borderstar_borderstar_border
Quality of product or service
starstar_borderstar_borderstar_borderstar_border
Customer service
starstar_borderstar_borderstar_borderstar_border
Company trustworthiness
starstar_borderstar_borderstar_borderstar_border

Their agents are unreliable! All this company cares about is making money and not about your actual retention or customer service. They don't even care if you supply all the documents that you need for your discounts to stay on, they don't upload them and then next thing you know they're removed!!! Nationwide is a joke of an insurance company! Save your time and frustration and go with someone else, you'll be glad you did!


Reviews for National Life Group

Helpful Favorable Review

starstarstarstarstar

Rickson Amorim

March 5th, 2021 Boca Raton, FL DETAILS arrow_drop_down
Value for your money
starstarstarstarstar
Quality of product or service
starstarstarstarstar
Customer service
starstarstarstarstar
Company trustworthiness
starstarstarstarstar

I have been a client for about for years now and I’m extremely happy. In 2019 I had a sudden cardiac arrest and I was in coma for 4 days. Fortunately I have survived this event, but National Life Group allowed me to accelerate $257K from my policy and helped a lot during those difficult times. I am proud to be their client and I do recommend Living Benefits to everybody.


Helpful Critical Review

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Inthemedicalprofession

March 5th, 2021

We just got a medical records request from Tweedy Claims on behalf of National Life. Now why would a life insurance company want to see a bunch of medical records on someone who has died? She's dead. Pay her husband her life insurance. Plus the deceased was never a patient at our clinic. So it looks like they are just throwing out a wide net, fishing to see if they can find anything medical that would disqualify the patient for life insurance after her death. Wow. So sketchy.


The Final Word

Nationwide offers term, universal, and whole life insurance. Its universal policy options include indexed, variable, and guaranteed policies. These policies have different investment options for growing the policy's cash value. You can also purchase a survivorship universal policy that insures two people. The death benefit is typically paid out after both of the insured individuals pass away.

Nationwide's whole life insurance policies have two payment options: you can pay for the entire policy in 20 years or make level premium payments until you turn 100. This flexibility allows you to find a payment option that best fits your budget and financial obligations.

Nationwide also offers good rider options that people can add to their policy for more protection or coverage. Not all riders are available with every kind of policy. Nationwide's riders include an accidental death benefit, a disability premium waiver, and an accelerated death benefit. The ability to customize your policy with riders to get the kind of coverage and protection you need is a benefit of working with Nationwide.

Another benefit of working with Nationwide is that you can get quotes for each type of policy online. This convenience is nice for people starting to research and price out policies.

National Life Group also has a good selection of life insurance policies. It offers whole, universal, indexed universal, variable universal, and term life insurance. Whether you are looking for a permanent or term life insurance policy, you can find a good option from National Life Group. If you are interested in a survivorship policy, you'll want to work with a different insurer like Nationwide.

National Life Group also offers an accelerated death benefit rider. This allows you to receive part of the death benefit early under certain circumstances outlined in your policy, including terminal illness, chronic illness, and critical injury. This rider is nice because it makes your life insurance policy a resource to help pay unexpected medical expenses. Information on additional rider options is difficult to find on National Life Group's website.

As you consider working with National Life Group, keep in mind that it is part of a class action lawsuit for alleged involvement in a pyramid scheme with Premier Financial Group. While National Life Group's policies were being sold by Premier Financial Group, you should learn more about the case and be mindful of sales tactics when working with representatives. 

Both insurers are financially stable and have a good selection of life insurance policies. Nationwide stands out for offering online quotes, good information online regarding policies and rider options, and for offering survivorship policies. National Life Group also has good permanent and term life insurance options and has more industry experience.

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National Life Group
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