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The Phoenix Companies Review [Top Innovative Products]

It’s time to get serious about life insurance. Even if you may not be able to make hefty monthly payments for a life insurance policy, you can still get the basic life insurance coverage that will protect your family and loved ones when the time comes. Choosing from among the best final expense and burial life insurance companies is the way to go!

Review of the Phoenix Companies

The Phoenix Companies is one place where many people feel comfortable buying a final expense guaranteed life insurance policy. Are they right for you? That’s what this article by JustBuryMe will help you to determine, so keep reading.

About The Phoenix Companies

The Phoenix Companies are a wholly owned subsidiary of Nassau Re, which has more than $17.2 billion in assets. Though Nassau Re was only founded in 2015, The Phoenix Companies was founded in 1851 and have a long history of helping individuals and families fulfill their life insurance needs. Today their headquarters are in Hartford, Connecticut.

Phoenix Life Insurance Company Ratings

Ratings offered by impartial third-party rating organizations are a great way to know the financial health of any life insurance company. Phoenix Life Insurance Company has been rated by two of the most well-known and respected rating agencies: A.M. Best and Standard & Poor’s. Their ratings are as follows:

  • A.M. Best: B
  • Standard & Poor’s: BB-

These ratings are above average and show the company to be financially stable making it a viable life insurance choice. Of the two, Standard & Poor’s rating is the most recent, having occurred in August 2016.

Phoenix Life Insurance Company was rated by S&P in 2014 with a slightly lower rating, B+. Having shown signs of improvement over the period of two years is great—and gives hope that they will continue to move in the right direction, improving as a life insurance company.

Phoenix Remembrance Final Expense

If you are looking for a life insurance policy that will cover your final expenses, and possibly then some, Phoenix Remembrance is worth considering.

Most burial insurance final expense policies offer limited death benefits, ranging from $5,000-$30,000. The good thing about Phoenix Remembrance is that the policy offers more coverage, especially when you are still young:

Insured’s Age Rider Beneficiary’s Age Coverage Amount
30-59 30-80 $10,000-$100,000
60-69 30-80 $10,000-$75,000
70-80 30-80 $10,000-$50,000

This coverage will extend up until the insured is 121 years old.

Death Benefit Options

When you purchase a Remembrance Final Expense policy, you can choose customized options so that your beneficiary will get the money how and when you want them to. If you do not want them to get one big lump sum, you can opt for your beneficiary to receive monthly payments by using the Additional Income Coverage Rider. This is a great way to help your loved ones to budget, and to ensure they don’t spend all the death benefit in the first year of your death. By doing this, you may be helping your loved one to create some future security.


You will be able to choose how you make your payments:

  • Monthly
  • Quarterly
  • Semi-annually
  • Annually

This gives you control on how to budget for your final expense policy.

Riders Available

The Remembrance Final Expense Policy offered by Phoenix comes with a number of rider options:

Legacy Rider: Offers birthday gift money for up to five children and grandchildren

Education Rider: 4 annual education payments for the rider when he/she is between 18-22. He/she will have to prove university enrollment and attendance in order to receive payments.

Accidental Death Rider: 100% of the death benefit to be paid out if an accidental death occurs

Overall Opinion of Phoenix Companies

Phoenix Companies is a good choice for a final expense life insurance company. Their Remembrance Final Expense is unique and gives more coverage than a lot of other final expense policies. Of course, more coverage means that it’s slightly more expensive than other policies, but it’s definitely not unmanageable. With the right budgeting, Remembrance Final Expense policy can easily fit into most budgets.

As far as the company goes, it’s reliable and pretty straight forward. However, when you make a decision like life insurance, you should think about yourself as an individual – does the life insurance company in question meet your personal and individual needs? You aren’t looking for a template coverage package, but something specifically designed for you. That most definitely could be what Phoenix has to offer, but how can you be sure?


The only way to be confident in your life insurance choice is to compare and contrast what multiple life insurance companies have to offer. And that’s just what JustBuryMe helps you do. We learn about you as an individual and make customized recommendations based on your needs. We most definitely recommend Phoenix’s Remembrance policy to a lot of customers—but only if it’s right for them.

We work with dozens of the top life insurance companies in the United States, putting us in a great position to know what will and will not work for you.

The best thing you can do during your hunt for the right life insurance policy is to call us at JustBuryMe.

Thank you for reading our article reviewing The Phoenix Companies. Please leave any questions or comments below.