Bankers Life Insurance

Bankers Life Insurance Review

Bankers Life Insurance Pros & Cons

Bankers Life Insurance is a life insurance carrier based in Chicago, IL. The company was founded in 1879 and offers life insurance products in 50 states (and Washington, DC).

Bankers Life Insurance FAQ

What types of life insurance products does Bankers Life Insurance offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Bankers Life Insurance offers.

• Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Bankers Life Insurance offers term lengths ranging from 5 to 20 years.
• Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
• Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
• Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.

What is SuperMoney's financial rating of Bankers Life Insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Bankers Life Insurance an A-. Life insurance companies with this score show an excellent ability to cover their life insurance responsibilities.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.