Last Updated: 04/18/2025
Washington National Life Insurance
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Last Updated: 04/18/2025
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Highlights
Term Life Death Benefit Range
N/A
Term Options
- Level Term
- Annual Renewable
- Decreasing Term
- Term Life
Financial Strength Rating
A(Verified 04/18/2025)
Washington National Life Insurance Review
washington national life insurance Pros & Cons
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Washington National Insurance Company is a life insurance carrier based in Carmel, IN. The company was founded in 1911 and offers life insurance products in 49 states (and Washington, DC).
washington national life insurance FAQ
What types of life insurance products does Washington National Insurance Company 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 Washington National Insurance Company 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.
- 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.
- Decreasing Term Life Insurance- These types of term life insurance policies has fixed premiums but the death benefit decreases over the duration of the term life insurance policy.
- Annual Renewable Term Life Insurance - Annual renewable term life insurance policies provide a constant death benefit for the duration of the term life insurance policy but the premiums are reassessed every year.
- 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 They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
- Variable Life Insurance - Variable life insurance are types of whole life insurance policies where the entire cash value of the life insurance policy is invested in several accounts. Therefore, the cash value of these whole life insurance policies rises and falls depending on the performance of the investments.
- 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.
- Variable Universal Life Insurance - These types of universal life insurance policies 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 - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance 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 - These types of whole life insurance policies lets the policyholder makes one large payment that guarantees a death benefit without the need of further premiums.
What is SuperMoney's financial rating of Washington National Insurance Company?
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Washington National Insurance Company an A or excellent, which is SuperMoney's second highest available score for life insurance companies.
SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:45PM
Tuesday
8:00AM - 5:45PM
Wednesday
8:00AM - 5:45PM
Thursday
8:00AM - 5:45PM
Friday
8:00AM - 5:45PM
Saturday
Closed