Information You Ought to Know
- Nassau provides time period life and remaining expense insurance coverage
- Nassau supplies protection beginning at $16.14 monthly
- Nassau has been rated a B+ by A.M. Greatest
The Nassau Life Insurance coverage Firm provides remaining expense and time period life insurance coverage quotes to prospects in the US. The corporate has aggressive charges however solely supplies two riders. Moreover, the corporate has been rated a B+ by A.M. Greatest.
Analyzing the Nassau Life Insurance coverage Firm will enable you to resolve if the corporate is an effective possibility.
Earlier than beginning this Nassau Life Insurance coverage Firm overview, enter your ZIP code to search out free life insurance coverage charges in your space.
Does the Nassau Life Insurance coverage Firm have aggressive charges?
Life insurance coverage corporations use varied elements to find out charges. Every firm weighs these elements in another way, so it’s not possible to offer an correct quote with out private info. Nevertheless, a number of the elements used to find out charges embrace:
- Age
- Gender
- Well being
- Household historical past
- Location
One of the simplest ways to find out if an organization is a cheap possibility is to check it with different corporations. With that in thoughts, the next chart reveals the inexpensive Nassau Life Insurance coverage Firm charges with different corporations for a $20,000 complete life plan primarily based on age.
Male $20,000 Complete Life Common Month-to-month Nassau Life Insurance coverage Firm Charges vs. Different Firms by Age
| Firm | Common Month-to-month Charges for a 50 Yr Outdated | Common Month-to-month Charges for a 60 Yr Outdated | Common Month-to-month Charges for a 70 Yr Outdated | Common Month-to-month Charges for a 80 Yr Outdated |
|---|---|---|---|---|
| American-Amicable | $58.96 | $88.88 | $150.50 | $300.08 |
| Americo | $60.33 | $83.56 | $142.06 | $287.51 |
| Assurity | $55.44 | $81.10 | $143.90 | $308.93 |
| Foresters | $60.85 | $87.22 | $142.66 | $290.33 |
| Liberty Bankers Life | $56.39 | $86.97 | $141.99 | $288.97 |
| Mutual of Omaha | $55.11 | $82.31 | $144.20 | $262.11 |
| Nassau | $56.16 | $82.40 | $141.34 | $289.69 |
| Settlers | $62.90 | $90.61 | $145.69 | $291.13 |
| Transamerica | $57.89 | $84.05 | $145.74 | $276.88 |
| United Residence Life | $57.68 | $85.03 | $144.91 | $272.05 |
The next chart reveals the identical info for females.
Feminine $20,000 Complete Life Common Month-to-month Nassau Life Insurance coverage Firm Charges vs. Different Firms by Age
| Firm | Common Month-to-month Charges for a 50 Yr Outdated | Common Month-to-month Charges for a 60 Yr Outdated | Common Month-to-month Charges for a 70 Yr Outdated | Common Month-to-month Charges for a 80 Yr Outdated |
|---|---|---|---|---|
| American-Amicable | $49.28 | $71.81 | $114.75 | $218.24 |
| Americo | $45.32 | $64.07 | $103.06 | $221.75 |
| Assurity | $48.77 | $67.28 | $110.62 | $225.58 |
| Foresters | $48.95 | $67.67 | $103.69 | $219.01 |
| Liberty Bankers Life | $46.51 | $64.71 | $104.95 | $213.69 |
| Mutual of Omaha | $46.14 | $62.53 | $103.28 | $193.66 |
| Nassau | $49.12 | $68.78 | $106.37 | $216.34 |
| Settlers | $52.02 | $72.76 | $111.52 | $226.95 |
| Transamerica | $47.07 | $63.87 | $104.41 | $204.65 |
| United Residence Life | $47.76 | $66.49 | $100.59 | $204.87 |
As you’ll be able to see, Nassau supplies cheaper protection than many rivals. Moreover, charges are decrease for females than males and improve as prospects age.
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What coverages are supplied by the Nassau Life Insurance coverage Firm?
Nassau solely provides time period life insurance coverage and remaining expense insurance coverage. The corporate beforehand offered common life protection however stopped providing that coverage not too long ago. Consequently, Nassau solely supplies two protection sorts to prospects.
The corporate’s time period life coverage known as Secure Harbor Time period Life and is offered in 10, 15, 20, and 30-year phrases. The protection is accessible for candidates between 18 and 80, however the out there values rely on the applicant’s age and the precise plan.
Nassau’s time period life coverage comes as a simplified situation categorical plan or a completely underwritten non-express plan. Each of those choices are no-medical-exam insurance policies, however candidates nonetheless should fill out a medical questionnaire.
The first distinction between these choices is that the non-express plan has a better most worth. Whereas the categorical plan is offered from $25,000 to $400,000, the non-express plan worth ranges from $50,000 to $500,000.
The non-express plan additionally has a better worth, but it surely may require an Attending Doctor’s Assertion (APS), relying on the solutions to the questionnaire. Conversely, the categorical plan won’t ever want an APS. Moreover, the underwriting course of is faster for the categorical coverage.
Nassau’s solely complete life coverage is its remaining expense plan, known as Remembrance Life. This coverage pays for remaining bills, like funeral and burial prices, and is offered for patrons 50 years previous and older.
The worth of this plan solely ranges from $10,000 to $50,000. Nevertheless, it contains all riders supplied by the corporate.
Along with these life insurance coverage choices, prospects should purchase annuity insurance policies. Nassau’s investments enable prospects to create a money worth that they will use to cowl safety from unplanned healthcare prices.
Does the Nassau Insurance coverage Firm provide any riders?
Most life insurance coverage corporations provide varied choices, permitting policyholders to customise their insurance policies. Whereas a few of these choices, often known as riders, are included freed from cost, most require an extra price.
The accelerated demise advantages rider is the most typical possibility supplied by life insurance coverage corporations. Nassau’s possibility permits prospects to entry as much as 95% of the demise profit earlier than demise if they’ve a terminal sickness, and it’s included with all insurance policies.
The unintended demise profit rider pays an extra lump sum if the insured dies from a coated accident. This feature is included freed from cost with the Remembrance Life plan and is offered for time period life prospects for a price.
Because the accelerated demise advantages rider and unintended demise profit rider are free for many insurance policies, it received’t improve charges. Nevertheless, including the unintended demise profit rider to a time period life coverage will improve Nassau Life Insurance coverage Firm quotes.
How is the Nassau Life Insurance coverage Firm rated?
Credit standing businesses overview insurance coverage corporations and charge them on their monetary power. These rankings enable prospects to find out the probability of receiving a payout once they file a declare.
Nassau RE has been rated a B+ by A.M. Greatest, probably the most revered ranking company. This ranking isn’t on the high of the dimensions however signifies that the corporate will present a payout in most conditions.
The Higher Enterprise Bureau (BBB) additionally charges corporations primarily based on their enterprise practices. For instance, the BBB has rated Nassau an A+, indicating that the corporate is reliable when working with prospects.
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Does the Nassau Life Insurance coverage Firm have any complaints?
The Higher Enterprise Bureau (BBB) and the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) overview complaints made about insurance coverage corporations. Analyzing these evaluations enable prospects to find out the standard of service they’ll obtain.
On the time of this overview, the BBB has obtained three complaints about Nassau insurance coverage. These complaints embrace the corporate’s providers, billing, and supply.
Based on the NAIC, Nassau has obtained 5 complaints. Moreover, Nassau’s grievance index ratio is 0.79, indicating that the corporate has fewer complaints than the common firm of an identical measurement.
How are you going to file Nassau Life Insurance coverage Firm claims?
Prospects that purchase Nassau Life Insurance coverage Firm insurance policies can file claims on-line or by telephone. The best technique to file is on-line. Prospects can log into the web site and comply with a three-step course of, which incorporates:
- Notifying Nassau in regards to the demise
- Sending Nassau the unique demise certificates
- Informing Nassau about any belief
Prospects that favor to file a declare by telephone can name the Nassau Life Insurance coverage Firm telephone quantity at 1-877-815-8097. Representatives can help with claims Monday by way of Friday between 9 a.m. and 5 p.m. (EST).
How are you going to make Nassau Insurance coverage Firm funds?
Nassau permits prospects to make funds on-line or by telephone. Prospects pays on-line by accessing the web site’s buyer portal. From there, prospects can arrange a future cost schedule, permitting them to keep away from the duty of maintaining with funds.
Moreover, prospects could make funds by calling 800-349-9267. Representatives can take cost info Monday by way of Friday from 9 a.m. to five p.m. (EST). Prospects could make funds by debit card or bank card.
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How are you going to cancel a Nassau Life Insurance coverage Firm coverage?
Insurance coverage corporations often don’t enable prospects to cancel a coverage on-line, and Nassau isn’t any completely different. As a substitute, prospects can solely cancel a coverage by calling the corporate.
Relying on the coverage, a cancellation price may apply. Nevertheless, the corporate provides a 10-day free-look interval, throughout which prospects can cancel their coverage with out penalty.
Who’s the Nassau Insurance coverage Firm?
Enterprise and spiritual leaders in Hartford, Connecticut, started the American Temperance Life Insurance coverage Firm in 1851. The aim was to offer life insurance coverage to locals who didn’t drink alcohol.
The corporate expanded to incorporate all residents in 1860, at which period they renamed it the Phoenix Mutual Life Insurance coverage Firm. Phoenix Life Insurance coverage remained till 2016 when the Nassau Monetary Group purchased it.
Nassau Life Insurance coverage Firm: The Backside Line
Nassau supplies time period life and remaining expense insurance coverage to prospects all through the US. The corporate has aggressive charges however solely provides two riders. Moreover, the corporate has been rated a B+ by A.M. Greatest.
Understanding extra in regards to the Nassau Life Insurance coverage Firm will enable you to resolve if it’s best for you.
Now that you understand in regards to the Nassau Life Insurance coverage Firm, enter your ZIP code to get free life insurance coverage quotes in your space.
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Tim Bain
Life Insurance coverage Agent
Tim Bain is a licensed life insurance coverage agent with 23 years of expertise serving to folks shield their households and companies with time period life insurance coverage.
His insurance coverage experience has been featured in a number of publications, together with Investopedia and eFinancial. He additionally does digital marking and evaluation for KPS/3, a communications and marking agency positioned in Nevada.
Editorial Pointers: We’re a free on-line useful resource for anybody excited by studying extra about life insurance coverage. Our aim is to be an goal, third-party useful resource for every part life insurance-related. We replace our website repeatedly, and all content material is reviewed by life insurance coverage consultants.