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Assurity Life Insurance Company Review

 


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Most people think that Assurity Life Insurance Company is one of the newer companies founded in the United States. Those people however, are completely wrong because what they don't know is that this company has been helping people like them for over one hundred years! It was in the year 1997 that Assurity was presented as the subsidiary of Woodmen Accident and Life Company (a firm that was established in Lincoln, Nebraska in the year 1890. These two companies acted together until the year 2001 when another “old" company was brought to their ranks.

It was this year that Lincoln Direct Life Insurance Company (founded in the year 1896) joined the other two and the company became known as Assurity Life Insurance Company. Instead of staying stable the company continued is upward momentum and in the year 2005, Security Financial Life Insurance Company (founded in the year 1895) joined Assurity to establish Assurity Security Group Incorporated. It was not until the year 2007 that the two companies completely merged and continued with the name Assurity Life Insurance Company.

Accidents and early deaths are part of every culture. In this country people die everyday and since nobody knows when judgment day is to come; one must be prevented at all times. For this reason the insurance industry has increased drastically in the last couple of years. More and more Americans have turned their attention this business and have started looking around for the best life insurance company possible.

Assurity Life Insurance has continued to grow and it is focused on individuals, families and small businesses. They strive to provide them with excellent services, customer service experiences and flexible policies. The company prides itself in two important achievements they have made in recent years: they received one of the highest rates for life insurance companies by the well known rating company A. M. Best, and they have expanded so much that they just now passed the goal of over $2 billion in assets. With demand for products that will help customers in the late run, Assurity has also expanded to offering other services and not just life insurance policies. The company has started to also offer long term care for people of age that cannot pay for their healthcare, disability income for people who become disabled and cannot pay bills, critical illness and annuities.

In the life insurance portion of the company, Assurity prides itself in offering three types of life insurance policies that are very well received by the public. Perhaps the most famous life policy in their ranks is the Term Life. Term life insurance has distinguished itself from the other two, in that it is not permanent. In other words, a policy holder is only covered for the amount of time specified in the policy. It is important to note that at the moment of purchase a policy holder will have to choose the amount of time he wants to be covered (ten, twenty, or even thirty years) and the amount of life insurance they want to purchase (examples of these are $200,000 and $250,000). Because this type of life insurance policy shapes to what the policy holder needs at the time, it is very liked by customers trying to buy life insurance. This policy is also good for the people that want to pay the lowest premiums, because since the policy is temporary; the premiums wont be as high.

The second type of life insurance policy offered by Assurity is that of Whole Life. This insurance is not temporary, but instead a policy holder is covered through their entire life. Perhaps the best thing about this type of life insurance policy is that it allows your beneficiary to have tax-free money because the amount given to him or her will not be taxed. Keep in mind that this type of insurance also works for small businesses.

Last but not least Assurity allows its customers to purchase what they call Universal Life. Just like Whole Life, this type of insurance is permanent. This means that Universal Life is also for the entire life of the person being insured. The best thing about this insurance policy is that you can make changes to it as time goes by. If you see that your family is getting bigger, that your income increases or that you won't need as much life insurance as you though you would need; you will be able to make changes to the main things in your policy. Universal Life Insurance by Assurity is what the company thinks is the most dynamic choice for customers. Not only can you change your policy at any time, but your death benefit is also tax-free and you can change premium amounts and the timing of your payments making it easier to manage.

As you can see Assurity Life Insurance Company has come to be a well respected company in the insurance industry. They promote their products knowing that they are designed to bring people the unique services that they are looking for at a lower cost than other insurance companies. It is easy to predict that the company will only become more well-known because the demand for life insurance is increasing and people are becoming aware of the benefits life coverage can bring to them.

Of course, Assurity is just one of many different choices that you may want to consider in your search for the best life insurance so be sure and compare quotes from many different companies to find which one is best for you. Get started finding and comparing life insurance companies today!

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