Finding a life Insurance company is a piece of cake, it’s finding the BEST life insurance company where things start to get tricky. If you are looking for a review of National Life Insurance then you have come to the right place! Although we wish that we could tell you if National Life is the best life insurance company we cannot because it all depends on you. In order to find the best life insurance company, you need to make sure the company has the best to offer for your specific needs, health, and lifestyle. In this article, we will be discussing National Life Insurance Company’s history, our review for them with their rating, and of course their products with highlights. The following are some key points from this article;

1. National Life Insurance Company has been around for over 165 years and has insured everyone from celebrities to working people including passengers on the Titanic and the Hindenburg in 1918-1919.
2. Just like many other life insurance companies, National Life Group takes great pride in their community involvement. Since 2006 their goal has been to do good in the communities in which they live and work by supporting nonprofit and educational organizations.
3. This large company has seen more than $144 million in net income last year alone and made over $1.7 billion in total revenues. This is important to know about a company because you want to make sure that the company has the money to pay out your policy when you need them to.
4. The company offers a wide selection of life insurance options to fit anyone’s needs such as Term life, Whole life, Universal life, Indexed Universal life, and Variable Universal life insurance products.
5. According to A.M Best National Life Group is rated an “A”. Moody’s rated them an “A+” and Standard & Poor’s rated them an “A+”.
6. Term life is a form of temporary life insurance and provides coverage for only a short, specified period of time.
7. Whole life is a form of permanent life insurance which provides coverage throughout your entire life.
8. Universal life is another form of permanent life insurance and also provides coverage for your entire life. With this type of insurance, you are offered more than just a death benefit you are offered flexibility.
9. Indexed universal life is a form of permanent life insurance also provides coverage for your entire life. Just like a traditional universal life insurance policy, you are given the opportunity to be flexible with your premiums but you are not offered a death benefit only as a rider you can add it on.
10. Variable universal life is also another form of permanent life insurance in which provides coverage for your entire life. Similar to index universal life insurance you have flexibility and investment features but unlike index universal life you can get both investment and a death benefit with a variable universal life. 

National Life Insurance Company’s History

National Life Insurance Company has been around for over 165 years and has insured everyone from celebrities to working people including passengers on the Titanic and the Hindenburg in 1918-1919. In 1848 The National Life Insurance Company was chartered by the Vermont Legislature. They began to sell policies in 1850. During the Spanish influenza epidemic of 1918-1919 they face a challenging time and paid more than $1 million in claims and continued to pay World War I claims at the same time. They evolved into National Life Group and started to offer a full range of financial services. In 1968 the company formed a broker-dealer affiliate, Equity Services, Inc. In 1996 National Life purchased the majority interest in Life Insurance Company of the Southwest.

National Life Group Insurance Company’s Giving Back

Just like many other life insurance companies, National Life Group takes great pride in their community involvement. Since 2006 their goal has been to do good in the communities in which they live and work by supporting nonprofit and educational organizations. They achieve this goal by providing grants through their Foundation, giving their employees 40 hours of paid volunteer time annually, sponsoring events, and offering in-kind donations. The company gets an annual budget of $1,000,000 and their grants vary in size with roughly 70% under $5,000 and they rarely fund the entire program.  They don’t fund new programs because they focus on proven programs with metrics to support success. They have been involved in many other events but we can stop here and get down to business.

National Life Group Insurance Company Review 2017

Why you should always read a company’s rating

It is super important to analyze every detail of a company as a consumer. You want to always make sure you are getting the best possible deal working with this company and you also need to make sure they will be around to give you your payout from the policy. A company’s rating is important to know because it gives you an idea of how financially stable they are. If a company has high ratings such as “A+”, “A”, or “A-“, then they are very unlikely to be unstable, they are the opposite, super financially stable and strong in case anything happens around them. If a company has low ratings this means they are not financially stable, they will very unlikely be able to pay out your policy if they are even around by then, and they are vulnerable in the event of a change in their environment (such as the market crashing).

These ratings are not created out of thin air, they are formulated by popular rating agencies like the ones we mentioned above. A rating agency does not perform their investigation until the company signs the contract to legally allow the rating agency to investigate through their plans and financials. Once they have intensively reviewed their financials they come up with a fair rating and vote for that rating. The reason these rating agencies create these ratings is to inform consumers like you that they have the right to know how financially stable a company is before investing their time in money with them. The last thing you want to do is pay into a company for a policy that will not be around in 5 years because all the money you invested will be gone with the wind.

National Life Group Insurance Company’s Products

Like we mentioned before, National Life Group offers Term life, Whole life, Universal life, Indexed Universal life, and Variable Universal life insurance policies. The following are some highlights of their base product line they provide for their clients.

• Term Life: Term life is a form of temporary life insurance and provides coverage for only a short, specified period of time. A term life insurance policy is the most affordable life insurance type in the entire market. Since this product is only for a short and specified period of time most companies offer different term lengths but National Life offers 10, 15, 20, and 30-year level term policies. Since they are level term that means that your premiums are leveled and will never change in your everyday changing life. They offer riders such as Waiver of Premium Rider, Disability Income Rider, Accidental Death Rider, Unemployment Rider, and Children’s Insurance Rider. Your coverage will not change or be taken away until the policy expires as long as you pay your premiums and that is guaranteed by NLG.
• Whole Life: Whole life is a form of permanent life insurance which provides coverage throughout your entire life. Since this product is for your entire life you are able to build cash value with time. National Life Group offers the NL Life Builder Whole Life insurance policy which offers steady premiums, a guaranteed death benefit, and even the ability to completely pay off the policy in just 15 years.
• Universal Life: Universal life is another form of permanent life insurance and also provides coverage for your entire life. With this type of insurance, you are offered more than just a death benefit you are offered flexibility. Flexibility in which allows you to adjust your premiums and death benefit because as your life is changing so will your needs. You will also be building cash value with time in which you can borrow from in case any unplanned event occurs and you need immediate cash.
• Indexed Universal Life: Indexed universal life is a form of permanent life insurance also provides coverage for your entire life. Just like a traditional universal life insurance policy, you are given the opportunity to be flexible with your premiums but you are not offered a death benefit only as a rider you can add it on. The difference between universal life and an indexed universal life is that with an indexed universal life you get the opportunity to allocate cash value amounts to either a fixed account or an equity index account. Indexed policies offer a variety of popular indexes to choose from such as the S&P 500 and Nasdaq 100.
• Variable Universal Life: Variable universal life is also another form of permanent life insurance in which provides coverage for your entire life. Similar to index universal life insurance you have flexibility and investment features but unlike index universal life you can get both investment and a death benefit with a variable universal life.

Final Thoughts

In conclusion, National Life Group Insurance Company have shown consistency which not every company can do. They provide a wide variety of products to fit anyone’s needs but just remember that National Life Group is not your last resort. They are only one of many other highly rated companies. We always recommend our clients to shop around for quotes because in order to make sure you are getting the best possible rates you need to compare them with what other companies have to offer.

Work with us!

We are an independent life insurance agency who are here for the purpose of making life insurance an easier concept and to find the best life insurance company for our clients. DIY seems to be popular nowadays but don’t Do It Yourself when it comes to life insurance because this is all a game and we know this game all too well. All life insurance companies have their own unique niche. If you have diabetes you should be looking for a company who specializes in diabetes. For example, if you decide to go with a company who specializes in sleep apnea they will more than likely rate you up like crazy for having diabetes. On the other hand, a company who specializes in diabetes will work with you in order to get the most affordable life insurance policy. We offer a free service that you should take advantage of, we not only compare quotes from competitive highly rated companies but we don’t give up until we find our clients the BEST life insurance company for them and their families. After we find the best possible life insurance company, we fill out the company’s application for our clients and that’s it, the whole process is over and you can go back to enjoying your life worry free. If you have 30 seconds fill out our simple quote engine below and see for yourself what highly rated companies have to offer. Don’t hesitate, give us a call today because there’s no better time to buy life insurance than today!

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