Horace Mann Life Insurance Review

Horace Mann Life Insurance is an insurance carrier based in Springfield, IL. The company was founded in 1945 and offers life insurance in 50 states (and Washington, DC).

What types of life insurance coverage does Horace Mann Life Insurance offer?

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

Here is at brief description of the coverage Horace Mann Life Insurance offers.

• Term Life Insurance - This is the simplest type of life insurance. It is payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years.
• Whole Life Insurance - Whole life insurance policies remain in force for the entire life of the policyholder provided premiums are paid.
• Universal Life Insurance - This type of 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.
• Variable Universal Life Insurance - Provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.
• Indexed Universal Life Insurance - This type of universal life insurance allows policyholders to place the cash value of the policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.
• Single Premium Whole Life Insurance - The policyholder makes one large payment that guarantees a death benefit without the need of further premiums.

What is the financial strength rating of Horace Mann Life Insurance?

The financial strength rating of a life insurance company scores its ability to pay contracts and policies. SuperMoney gives Horace Mann Life Insurance an A or excellent, which is SuperMoney's second highest available score.

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