Do you find your insurance company reliable?
Investing in your life insurance in order to secure the future of your loved ones is becoming very common these days. But due to the ever increasing issues of corporate frauds, quality lapse and other related incidents, most of the people find it hard to find a trusted and reliable life insurance company. Now due to the availability of internet this issue could easily be resolved by viewing the life insurance company ratings on the rating sites. If you are planning on getting insurance from the best life insurance company then you ought to know that the insurance companies not only offer life insurances but they also offer the products related to the insurance of non-living and material products.
Types of insurance:
Mainly there are two types of insurances plans offered by insurance companies these days or you could also say that insurance companies are divided into two disciplines.
- General insurance: this branch of insurance includes the insurance of all the non-living and material items.
- Life insurance: this branch of insurance covers the insurance of every field and aspect related to human beings and their lives.
|General Insurance includes||Life insurance includes|
|Insurance of a building|
Mobile phones and other electronics
Life insurance plan
Children marriage plan (mostly practised in South Asian countries)
Requirements for a perfect life insurance company:
Although people do take advantage of the plans offered by the general insurance companies in their daily lives but most of the people show interest in purchasing a life insurance. When you go out to purchase a life insurance then you have to consider many of the important points in order to make sure that the life insurance policy you are purchasing is suitable for you and is completely according to your needs. First of all you need to consider the reputation of the life insurance company in the market. The reputation of a company determines the reliability of the company and its products.
The life insurance company rating available online can help you sort out the best company for you. After selecting the best life insurance company, you have to contact them and find out details about their life insurance products. Do they offer whole life insurance or term life insurance? How much coverage do they offer? Is the premium very high or affordable? What sort of return or benefits could be expected? Do they demand medical examination or not? What other sorts of life insurance plans do they offer? What sort of plans do they offer for the person at your age and situation?
Types of life insurance plans offered by highly rated insurance company:
If any of the insurance company interests you then you should get a free quote for the life insurance plan that you are planning to purchase. Other than that you should also make a comparison between the costs of the different plans offered by that company.
For instance if you are searching the life insurance company ratings list and your eyes fall upon MetLife, that has received about 108 positive reviews from its customers and has been rated at a star and a half by its customers. This company is also famous due to the use of peanut shaped characters in its advertising campaign. It offers comprehensive life insurance products and also other sorts of insurance policies. Both type of whole and term life insurance plans are offered by MetLife. If you feel interested in this USA based life insurance company due to its good reputation and excellent reviews then all you have to do is to go to the site of the concerned insurance company and get all sorts of relevant information regarding the life insurance products offered by this company. You can also find all the details regarding the premium and coverage of different life insurance policies offered by this company. Further the site also reveals the comparison between the costs and benefits of the different life insurance plans offered by this company.
If the above mentioned facts and figures of the MetLife life insurance company suit you then you could also get a free quote from this company through their website or by calling at their customer care helpline.
Some of the highly rated life insurance companies:
Some of the highly rated companies of 2015 in USA that offer high quality products at very low rates include:
- Ohio National Life Assurance Corporation
- Western Reserve Life Insurance company (Ohio)
- The reliastar life insurance company
- West coast life insurance company
- Savings Bank life insurance company (Massachusetts)
Why is it important for a company to maintain its high rating?
Getting one’s life insured is included among the most important decisions of a person’s life. While searching for a company with excellent reputation, most of the people do have doubts about the fact that would their concerned high ranking company be able to provide high quality services throughout their term of the insurance or not? At this point we should keep it in mind that all those companies who have been ranked as A –excellent in the life insurance company ratings list would strive very hard to maintain that level. Because gaining an excellent rating level among all of the America’s life insurance companies is not an easy task for any life insurance company. You could only get this level if you fulfill all the requirements of an “A” rated company.
The requirements that turn a company into an “A” rating company require the company to perform extra-ordinarily. The products and services provided by that company should be of excellent quality and should satisfy each and every customer of that company. This also includes the life insurance plans that have low premium. But here this should be noted that low premium plans should not have low quality.
“A” rated company of 2015:
According to the recent life insurance firm rating, the company that has received the A-excellent and has up till now achieved 100% customer satisfaction is famous by the name of reliastar life insurance company.
The subsidiary of ING U.S. Inc, this life insurance company provides excellent life insurance plans at very affordable rates. The reason this company achieved 3rd ranking among the top fifteen of America’s life insurance company ratings is its quality, that it never loses despite its low rates. The reliaStar life insurance firm proudly offers:
- Individual life insurance plans
- Group life insurance and health insurance plans
- Education plans
The life insurance plans offered by ReliaStar include:
- Term life insurance
- Whole life insurance
- Universal life insurance
- 2nd to die life insurance
- Universal variable life insurance
- Fixed annuities
- Variable annuities
This company further offers non-medical insurance of whole group, retirement plans, disability coverage in its group and individual insurance plans.
Searching for a reliable life insurance company is not an easy task as investing your lifetime savings in a totally strange company is a very risky procedure. But now you can easily eliminate this sort of risk from your life as you can easily check the reputation of your concerned company on ratings list available on internet and confidently invest in the company that you find suitable and reliable.