Information You Ought to Know
- Nassau presents time period life and ultimate expense insurance coverage
- Nassau supplies protection beginning at $16.14 per 30 days
- Nassau has been rated a B+ by A.M. Finest
The Nassau Life Insurance coverage Firm presents ultimate 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. Finest.
Analyzing the Nassau Life Insurance coverage Firm will assist you determine if the corporate is an effective choice.
Earlier than beginning this Nassau Life Insurance coverage Firm evaluate, 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 otherwise, so it’s inconceivable to supply an correct quote with out private data. Nonetheless, among the elements used to find out charges embody:
- Age
- Gender
- Well being
- Household historical past
- Location
One of the simplest ways to find out if an organization is an economical choice is to match 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 entire 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| Firm | Common Month-to-month Charges for a 50 Yr Outdated | Common Month-to-month Charges for a 60 Yr Outdated | Common Month-to-month Charges for a 70 Yr Outdated | Common Month-to-month Charges for a 80 Yr Outdated |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 Dwelling Life | $57.68 | $85.03 | $144.91 | $272.05 |
The next chart reveals the identical data 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 Dwelling Life | $47.76 | $66.49 | $100.59 | $204.87 |
As you’ll be able to see, Nassau supplies cheaper protection than many opponents. Moreover, charges are decrease for females than males and enhance as prospects age.
Your one-stop on-line information for all times insurance coverage quotes. Get free quotes now!
Secured with SHA-256 Encryption
What coverages are provided by the Nassau Life Insurance coverage Firm?
Nassau solely presents time period life insurance coverage and ultimate expense insurance coverage. The corporate beforehand supplied common life protection however stopped providing that coverage not too long ago. Because of this, Nassau solely supplies two protection sorts to prospects.
The corporate’s time period life coverage is known as Protected Harbor Time period Life and is on the market in 10, 15, 20, and 30-year phrases. The protection is accessible for candidates between 18 and 80, however the out there values depend upon the applicant’s age and the particular plan.
Nassau’s time period life coverage comes as a simplified difficulty categorical plan or a totally 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 the next most worth. Whereas the categorical plan is on the market from $25,000 to $400,000, the non-express plan worth ranges from $50,000 to $500,000.
The non-express plan additionally has the next 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 entire life coverage is its ultimate expense plan, referred to as Remembrance Life. This coverage pays for ultimate bills, like funeral and burial prices, and is on the market for patrons 50 years outdated and older.
The worth of this plan solely ranges from $10,000 to $50,000. Nonetheless, it contains all riders provided 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 supply any riders?
Most life insurance coverage corporations supply varied choices, permitting policyholders to customise their insurance policies. Whereas a few of these choices, normally referred to as riders, are included freed from cost, most require an extra price.
The accelerated loss of life advantages rider is the most typical choice provided by life insurance coverage corporations. Nassau’s choice permits prospects to entry as much as 95% of the loss of life profit earlier than loss of life if they’ve a terminal sickness, and it’s included with all insurance policies.
The unintended loss of life profit rider pays an extra lump sum if the insured dies from a coated accident. This selection is included freed from cost with the Remembrance Life plan and is on the market for time period life prospects for a price.
For the reason that accelerated loss of life advantages rider and unintended loss of life profit rider are free for many insurance policies, it received’t enhance charges. Nonetheless, including the unintended loss of life profit rider to a time period life coverage will enhance Nassau Life Insurance coverage Firm quotes.
How is the Nassau Life Insurance coverage Firm rated?
Credit standing businesses evaluate insurance coverage corporations and charge them on their monetary energy. These scores enable prospects to find out the chance of receiving a payout once they file a declare.
Nassau RE has been rated a B+ by A.M. Finest, essentially the most revered score company. This score isn’t on the prime 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.
Your one-stop on-line information for all times insurance coverage quotes. Get free quotes now!
Secured with SHA-256 Encryption
Does the Nassau Life Insurance coverage Firm have any complaints?
The Higher Enterprise Bureau (BBB) and the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) evaluate complaints made about insurance coverage corporations. Analyzing these critiques enable prospects to find out the standard of service they’ll obtain.
On the time of this evaluate, the BBB has acquired three complaints about Nassau insurance coverage. These complaints embody the corporate’s providers, billing, and supply.
In keeping with the NAIC, Nassau has acquired 5 complaints. Moreover, Nassau’s grievance index ratio is 0.79, indicating that the corporate has fewer complaints than the typical 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 simplest solution to file is on-line. Prospects can log into the web site and observe a three-step course of, which incorporates:
- Notifying Nassau in regards to the loss of life
- Sending Nassau the unique loss of life 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 via 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 will pay 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 accountability of maintaining with funds.
Moreover, prospects could make funds by calling 800-349-9267. Representatives can take cost data Monday via Friday from 9 a.m. to five p.m. (EST). Prospects could make funds by debit card or bank card.
Your one-stop on-line information for all times insurance coverage quotes. Get free quotes now!
Secured with SHA-256 Encryption
How are you going to cancel a Nassau Life Insurance coverage Firm coverage?
Insurance coverage corporations normally don’t enable prospects to cancel a coverage on-line, and Nassau isn’t any completely different. As an alternative, prospects can solely cancel a coverage by calling the corporate.
Relying on the coverage, a cancellation price may apply. Nonetheless, the corporate presents 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 non secular leaders in Hartford, Connecticut, started the American Temperance Life Insurance coverage Firm in 1851. The aim was to supply 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 ultimate expense insurance coverage to prospects all through the US. The corporate has aggressive charges however solely presents two riders. Moreover, the corporate has been rated a B+ by A.M. Finest.
Figuring out extra in regards to the Nassau Life Insurance coverage Firm will assist you determine if it’s best for you.
Now that you already know in regards to the Nassau Life Insurance coverage Firm, enter your ZIP code to get free life insurance coverage quotes in your space.
Your one-stop on-line information for all times insurance coverage quotes. Get free quotes now!
Secured with SHA-256 Encryption
Tim Bain
Founder & 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 situated in Nevada.
Founder & Life Insurance coverage Agent
Editorial Pointers: We’re a free on-line useful resource for anybody eager about studying extra about life insurance coverage. Our objective is to be an goal, third-party useful resource for every part life insurance-related. We replace our web site commonly, and all content material is reviewed by life insurance coverage consultants.
