It’s time you start considering to purchase a life insurance policy to cover all your final expenses such as burial needs, lost wages for loved ones who need to take off, and funeral costs. But which life insurance company has the most to offer?
Assurity Life Insurance Company is one of the top final expense and burial life insurance companies that many people consider when thinking about a final expense life insurance policy. In a nutshell, Assurity is a great company- but you shouldn’t purchase life insurance based on anything other than the facts. So JustBuryMe is here to help you learn more about Assurity Life Insurance and what they have to offer.
About Assurity Life Insurance Company
Assurity Life Insurance started out as three different life insurance companies: Modern Woodmen Accident Association, Security Mutual Life, and Royal Highlanders. These three companies came together under the name Assurity Life Insurance in 2007. While that may make this one of the youngest life insurance companies on paper, each of the companies that formed Assurity has a long history in the life insurance industry.
Ratings for Assurity Life Insurance
Assurity’s strong rating from A.M. Best is not to be overlooked. A.M. Best rated Assurity with an A- or “excellent”. This is one of the top ratings a life insurance agency can get, and it says a lot about Assurity Life Insurance Company. This is the kind of rating you want a life insurance company to have and speaks to the company’s ability to meet future financial obligations. Which is great news because you want to make sure the company you choose can pay out.
Assurity Life Insurance – No medical exam policies
A lot of life insurance companies offer a no-medical exam life insurance policy or two, but Assurity is one of the few that offer more than one option for a final expense insurance policy.
Simplified Whole Life Insurance by Assurity Life
Assurity life has three simplified issue whole life plans that involve no physical exams or tests. You will have to answer a few health-related questions to get the best coverage.
And yes, there is a big difference between simplified issue and guaranteed issue life insurance.
Level Death Benefit
- Issue Age: six months old-80 years old
- Maximum Death Benefit: $50,000
- This policy is for people who have little to no health problems.
Graded Death Benefit
- Issue Age: 40-80 years old
- Maximum Death Benefit: $35,000
- Accidental deaths: full cash benefit received by beneficiaries (up to $35,000)
- Deaths by natural cause:
- Year one: 40% of death benefit awarded
- Year two: 75% of the death benefit awarded
- Year three +: 100% of the death benefit awarded
- This is for people with some possible health concerns, but nothing serious.
Modified Death Benefit
- Issue Age: 40-80 years of age
- Maximum Death Benefit: $25,000
- Accidental deaths: full cash benefit received by beneficiaries (up to $25,000)
- Deaths by natural causes:
- Year one: 110% of premium paid
- Year two 220% of premium paid
- Year three+: total death benefit amount
- This policy is for people with more serious health issues
Is Assurity Life Insurance a good choice?
Yes, Assurity Life Insurance is a good choice. It’s a reliable life insurance company with some great final expense products. You will get good coverage and most likely be satisfied knowing your life insurance beneficiaries will get decent death benefits when you depart from this world.
However, if you ask us the question “Is Assurity Life Insurance the best life insurance for me?” then our answer may be different. It’s hard to say, though, because we don’t know anything about you! In order to confidently tell you which life insurance company will offer you the best coverage, we need to know more about you!
How can JustBuryMe tell me which life insurance company will give me the best policy?
JustBuryMe works with dozens of the best life insurance companies in the industry – including Assurity. However, we won’t will only recommend Assurity if and when it is the best choice for your needs. If, for some reason, another life insurance company is more suitable to your life insurance needs, then we will be sure to tell you that!
What are you waiting for? Get free life insurance consultation from JustBuryMe today and find out if Assurity Life Insurance is the best for you.
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