Assurance Life Insurance Overview
Assurance is an online insurance marketplace that lets you obtain an estimate of your policy costs and compare quotes from many providers. Most of its policies do not require a medical exam, making it a good option for quick coverage. You will have to fill out a short form to get an estimated quote or contact an agent for a more detailed quote.
However, Assurance does not provide much information regarding available coverage options and providers on its website. It also offers a limited number of policy types.
Assurance Pros and Cons Types of Life Insurance Offered
Life insurance is an agreement between you and an insurance company in which the company will pay a death benefit to your designated beneficiaries after you pass away. On your side of the agreement, you must pay your premiums on time to keep your policy in force. A life insurance policy offers significant financial security for your dependents in the event of your death, and they can use the funds however they see fit.
Term Life Insurance
Purchasing a term life insurance policy is ideal if you have temporary needs, as it provides coverage for a specified term. Assurance lets you choose between a 10, 15, 20, 25, 30, 35 or 40-year term. Your premiums remain fixed during the term and provide coverage of up to $20 million. Before you look for the best term life insurance companies, assess your needs or speak with a financial advisor to determine if this policy type is right for you.
Permanent Life InsuranceThose people looking for lifelong coverage can opt for permanent life insurance from Assurance. This type of policy also lets you build cash value over time as long as you pay your premiums. The insurer provides coverage of up to $1 million, which does not decrease regardless of your health status.
Final Expense InsuranceAssurance also provides final expense insurance if you want a policy to cover your funeral expenses and other financial obligations. It has fixed premiums, will last until the end of your life and offers coverage of up to $50,000.
Cost of Assurance Life InsuranceThe cost of an Assurance life insurance policy varies significantly based on factors like your chosen coverage amount, type of policy and personal information. You can fill out the form on the company’s website to get an estimate of your monthly costs. However, you must contact an agent for a detailed quote.
Insurance companies generally evaluate the following factors to assess your general risk level:
To help you understand how these factors affect costs, we gathered a quote for a 30-year-old man in good health with no smoking history. Assurance quoted $12 monthly for a 20-year term with $250,000 in coverage.
Assurance Customer ReviewsWe analyzed customer reviews for Assurance and found most customers seemed satisfied with its service and praised its helpful agents. However, some customers complained about receiving spam calls from the company. We reached out to Assurance for comment on its negative customer reviews but did not receive a response.
Here are some examples of customer reviews of Assurance:
“Very polite and knowledgeable gentleman who made me feel comfortable and did not put on the pressure tactic of having to buy now. I really appreciated this.” —Eric via Trustpilot
“Agent was very helpful and understanding. She was able to get me a policy in my budget for end-of-life expenses and explained everything so that I understood exactly what I was getting. I am very relieved to know my family will not be burdened with final arrangement expenses at time of my passing.” —Joaan via Trustpilot
“This company would not stop harassing me even after I called back and spoke to operators telling them to leave me alone. They filled up my voicemail more than once and called me over 30 times, at least once a day for weeks. When I expressed that the company had been harassing me, the operator was not sympathetic and said that I should have told them sooner.”—Lydia via Trustpilot
“I was going to get insurance through this company but I have received so many calls and texts that I changed my mind. It makes me not trust a company that will give away my number so quickly.”—Ashley via Trustpilot
Compare Assurance Life Insurance with Other CompaniesCompared to other providers, Assurance provides a limited number of policies but has a straightforward process for obtaining quotes and lets you easily compare available options.
Provider Offerings ex:Term, whole, no-exam AM Best Rating Review Link Assurance Term, whole, final expense A+ Ethos Term, whole A+ Learn more TruStage Term, whole, no-exam A Learn more Bestow Term A+ Learn more Fidelity Life Term, whole, no-exam A- Learn more Nationwide Term, whole, universal, variable A Learn more Mutual of Omaha Term, whole, universal A+ Learn more State Farm Term, whole, universal A++ Learn more Our Conclusion on Assurance Life Insurance. read more...
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