Where does Progressive do business?
Progressive is an insurance carrier based in Mayfield Village, OH. The company was founded in 1937 and offers life insurance in 50 states (and Washington, DC). Life insurance is important for anyone who has loved who depend on them financially. It can also help with final expenses and burial costs.
What types of life insurance coverage does Progressive 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 a brief description of the coverage Progressive 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. Progressive offers term lengths ranging from 10 to 30 years. Death benefit amounts range from $50,000 to $100,000.
- Annual Renewable Term Insurance - Annual renewable term policies provide a constant death benefit for the duration of the policy but the premium's are reassessed every year.
- Whole Life Insurance - Whole life insurance policies remain in force for the entire life of the policyholder provided premiums are paid. Whole life benefit payments range from $50,000 to $1,000,000.
- 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.
As well as the basic coverage types mentioned above, Progressive also offers the following policies:
- Final Expenses - Even bare-bones funerals can cost thousands of dollars. This policy, also known as burial insurance, covers funeral and burial costs.
How can you save money on a Progressive life insurance policy?
When you ask for a quote with Progressive, ask what policy discounts are available.
What is the financial strength rating of Progressive?The financial strength rating of a life insurance company scores its ability to pay contracts and policies.
Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy.
There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.
Progressive scores an A+, SuperMoney's highest available rating.
6300 Wilson Mills Road
Mayfield Village, OH 44143 USA
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Other Services by Progressive
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia