National Benefit Life Insurance Company opened their doors in 1963 under the brand name of Beneficial National. This niche company offers term life insurance in every U.S. state. Besides having a reputation as one of the best rated life insurance companies, they also offer some specialty accident and health insurance products. You may also be familiar with the parent company of National Benefit Life that operates under the Primerica brand.
If you’re interested in finding cheap life insurance from the best-rated life insurance companies, you can rely upon us for online quotes, insurance company information, and much more. Some no exam life insurance companies even allow you to quote and start your application on the Internet. Make the best choice by starting your fast life insurance quotes right away by entering your ZIP code.
National Benefit Life Insurance Company Review
These are some of the highlights of National Benefit Life Insurance Company:
- Top products: Term life insurance and no exam life insurance for students
- Home office: New York City, USA
- AM Best financial rating: A+, or Superior
- Subsidiary of: Primerica Life
As a subsidiary of Primerica Life Insurance, this company may also underwrite policies sold under some other brand names. Under its own name of National Benefit Life Insurance Company, this insurer is mostly known for offering cheap life insurance for college students and families. They typically offer coverage to graduating seniors in high school or entering college students.
The company also offers accident and health insurance policies that may supplement other protection to help protect students and families against unforeseen circumstances that can impact the large investment made in higher education. Both Primerica and National Benefit hold the A+ rating from A.M. Best, making them two of the best-rated life insurance companies in the country.
Reviews of National Benefit Life Insurance Company Online
This cheap life insurance company has over a dozen reviews on Google. They mostly have four- and five-star ratings for customer service.
These are some highlights of these online reviews:
- Policy owners noted that the company processed their claims quickly, efficiently, and politely.
- However, some policy owners expressed some problems with cancelling term life insurance that they did not want to extend.
It’s likely that consumers call different customer service departments to service or cancel their policies than they do to get claims handled. The financial scores for these best rated life insurance companies are based upon the ability of the insurer to handle claims. National Benefit Life Insurance Company appears to handle claims very well.
You may want to ask some questions about whom you can contact to change or terminate your policy before you submit your application to make sure they have improved in this area. You can’t always base your decision upon Internet reviews because they tend to get posted by the most disgruntled consumers. At the same time, these comments might raise some concerns about things you should investigate further.
About No Exam Life Insurance From National Benefit Life
Since this company focuses upon a younger market, they offer no exam life insurance products. This means that applicants don’t need to get a physical for their application, which makes applying for this insurance protection quite easy. Applicants may still have to answer some general questions about their medical history to the best of their knowledge.
These are some things to know about term life insurance from National Benefit Life:
- People in the market for cheap life insurance generally buy term life insurance.
- Coverage expires after the policy term ends, but policyholders may get the option to extend their coverage before it expires.
- These policies may also include additional benefits for accidental death or disability. Mortality rates for students are not high; however, younger people are more likely to become disabled or die because of an accident than to pass away because of an illness than older people.
Why Buy Cheap Life Insurance for Students?
With college expenses, you might wonder why you should consider buying no exam life insurance from a company like National Benefit Life Insurance Company. For most young students and their families, the threat of death may seem very remote. Also, most families of students already have plenty of financial concerns with college expenses.
It’s just because you are making a large investment that you should consider buying additional protection. No beneficiaries ever regretted having the proceeds from a life insurance policy to rely upon after a tragedy. In addition, college years will go by fast, and then it will be time to think about preparing the graduate for the rest of their lives. Since you may be able to extend your cheap life insurance policy after graduation, you might as well buy it when the rates are lower.
Life insurance companies base their premiums on a variety of factors, but age is the main one. When it comes to buying cheap life insurance, you’re likely to get cheaper rates if you purchase no exam life insurance when students are just entering college than by waiting for several years. By buying term life insurance when the insured person is younger, you might also protect them for years in the future with cheaper rates.
Is National Benefit Life Insurance Company the Best Cheap Life Insurance Company?
We aren’t affiliated with National Benefit, Primerica, or any other insurance company. We simply hope to provide you with a National Benefit Insurance Company review in order to familiarize you with the company. We also offer reviews of many other best-rated life insurance companies. Before you buy term life insurance from any insurer, we would urge you to compare premiums, benefits, and customer service.
The fastest way to get started with your search for the best-rated life insurance companies is to use our online quotes for life insurance. Since you can find different insurers and different premiums in various parts of the US, you start your quotes by entering your local ZIP code. Students might use their parent’s address as their home address if they choose
