Buying life Insurance is already not the easiest task to do but it doesn’t become easier with all the options out there. Don’t worry because we are here to help you and to make life insurance simple! Pan-American Life Insurance Company is one of the many life insurance companies in the marketplace. With so many choices it can be harder to know which company is going to be the best. Our mission is to make life insurance simple and to do that we make our reviews 100% unbiased and purely filled with information. With that being said, if you are looking for some solid information about Pan-American Life Insurance Company then you have come to the right place. In this article, we will be discussing Pan-American Life Insurance Company, as promised our review of them, and then we will discuss their products with highlights. The following are some key points from this article;

1. Pan-American Life Insurance Company has been around since 1911 when Crawford H, Ellis, a native of New Orleans, Louisiana, realized his passion for the people of Latin American how important it was to offer them personal and business insurance protection.
2. The company focuses on life insurance, accident and health insurance.
3. Pan-American Life Insurance Company takes great pride in their community involvement just like other big box life insurance companies. They are committed to supporting the communities where they live and work. On their website, they give back because it’s an integral part of their corporate culture.
4. According to A.M Best Company, they gave Pan-American Life an “A” or excellent rating. Fitch’s Ratings also gave them an “A” or strong. 
5. Term life is a form of temporary life insurance that provides coverage for only a short and specified period of time.
6. Whole life is a form of permanent life insurance that provides you with coverage for, you guessed it, your WHOLE life
7. A pro is that they offer both term and whole life products to help reach a little bit of everyone’s needs. A con is that they don’t offer any investment life insurance products which are appealing to some who want to grow their cash value quicker. Another con is that they are only one company among many others so if they don’t appeal to your taste, you have many other options
8. Whether you decide Pan-American Life Insurance Company is the best life insurance company for you or not you should still shop around for quotes. Shopping around for quotes will help you see what company offers you the best quote. If you have 30 seconds go below this article so that you can see for yourself what you can get offered. Not only will you see some quotes but you will also be able to compare them with other highly rated companies.

About Pan-American Life Insurance Company

Pan-American Life Insurance Company has been around since 1911 when Crawford H, Ellis, a native of New Orleans, Louisiana, realized his passion for the people of Latin American how important it was to offer them personal and business insurance protection. He and three other men including Dr.Edward G. Simmons who is an expert in life insurance and Dr.Marion Souchon who is a renowned surgeon and physician and Eugene J. McGivney who is a corporate lawyer and together they created the Pan-American Life Insurance Company to serve the needs of individuals and businesses in Central and South America and the U.S. They sold their first policy on March 1912 and was on its way to becoming the first company known to serve The Americas.

Pan-American Life Insurance Company takes great pride in their community involvement just like other big box life insurance companies. They are committed to supporting the communities where they live and work. On their website, they give back because it’s an integral part of their corporate culture. Since the company focuses their attention on Latin America that’s where they do their charitable deeds. Throughout the year, over 100 volunteers from the company in Panama have dedicated their time and resources to help bring smiles to the faces of the children from Hogar Divino Nino which was founded in 1992. This organization offers a home to children up to five years old that have been abused and/or abandoned and the volunteers participate in events such as a “Happy Day” that includes a party filled with activities, music, and happiness to all the children in the home. In the Caribbean Pan-American Life and a group of nearly 20 employees participated in the 5k walk to help raise awareness of the importance of regular check-ups and included a health fair at the completion of the walk to provide the community with valuable information on cancer prevention and treatment. They have been involved in other things but we have to get down to business now.

Pan-American Life Insurance Company 2017 Review

Pan-American Life Insurance Company has been around since 1911 and has provided dependability, stability, and financial health that have been recognized in their industry ratings. The company focuses on life insurance, accident and health insurance. According to A.M Best Company, they gave Pan-American Life an “A” or excellent rating. Fitch’s Ratings also gave them an “A” or strong.

Why you should always read a company’s rating.

Rating agencies don’t come up with these ratings from the thin air, they go through a long process to come up with these ratings. If a company wants to receive a rating for a rating agency they have to contact the rating agency and then the rating agency will send out a contract that the company has to sign which allows them to legally search through what they have to in order to get the company’s rating. Once the company sings this contract then the rating agency begins their investigation and search through the company’s financials, plans and even speak the company’s management team to see where they are with the company. Then they process all those details and recommend a rating that best fits the company. After the recommendation of the rating, the group of people presents their findings in front of the board and the board votes on whether or not this is the fairest rating but not without a president or vice president present. Once they vote on the rating then they notify the company of their rating and then post the company’s rating on the rating agency’s website for consumers to see clearly if the company decides to not post their ratings on their company website.

Looking at a company’s rating can go a long way for you and can save you a lot of money and stress. For example, if a company receives a bad rating it means they are not financially stable but not only that but they would be known to be vulnerable if an unexpected event occurs that can shake up the company. If this event occurs the company may pull out or file bankruptcy and this could affect your money because the company will not reimburse you for all the premiums you have made up to that date. Your policy will also no longer be there. So you will be stuck having to go through this whole process with less money and less trust. Moral of all this is to simply warn you as a consumer to take a peek at a company’s rating before you decide you want to buy a product from them.

Pan-American Life Insurance Products

Pan-American Life Insurance products are sold through their company Mutual Trust Life Insurance and like most life insurance companies they offer whole and term life insurance policies.

Term life insurance

• Term life is a form of temporary life insurance that provides coverage for only a short and specified period of time.
• Since it provides coverage for a short period of time there is no cash value to be built with this product.
• “Term” refers to the length of time you want to stay covered for and this product allows you to choose how long you want to be covered for 10, 15, 20, or 30-years. 
• Term life is the most affordable kind of life insurance in the whole market.
• Pan-American Mutual offers term life insurance with level premium guaranteed which means that your premiums will never change throughout the life of your policy.
• This policy is perfect for those looking to buy a term life policy to fill a short-term need or for those who need a cheap life insurance policy.
• This product is renewable annually until age 98 which means that when your policy expires it will keep annually renewing your policy until your age 98. The downfall with this ”benefit” is that you will have higher premiums each year.
•  You also have the option to change your term life policy into a permanent life insurance policy when your policy expires without having to prove good health or have to go through the whole underwriting process.
• The Children’s Insurance Benefit allows you to provide additional coverage for your children born before and after issue. You can also convert their term policy into a permanent plan.
• There is also an Accelerated Death Benefit Rider which is a living benefit feature that allows you access to a portion of the death benefit in the event you get terminally ill during the life of your policy.

Whole Life Insurance

• Whole life is a form of permanent life insurance that provides you with coverage for, you guessed it, your WHOLE life.
• Just like other permanent life insurance policies you have the opportunity to build cash value.
• As long as you pay your premiums your premiums will be level and that is guaranteed, which again means your premiums will never change.
• You have guaranteed death benefits and are income tax-free so you don’t have to worry about your beneficiaries not receiving your death benefit when they need it the most after your passing.
• There are Non-forfeiture Benefits which include term or reduced paid-up insurance if your plans chance.
• There is an Accelerated Death Benefit Rider at no additional cost in case you get diagnosed with a chronic or terminal illness which in that case you will be provided a portion of your policy’s death benefit to help pay for hospital bills or anything that comes with your diagnosis.
• With your cash value being built you will be able to access them in case you need them for any emergency that comes up.

Pros and Cons of Pan-American life

All in all, Pan-American Life Insurance Company is a reputable company who stand strong with very high ratings from the top rating agencies which means they are financially stable. A pro is that they offer both term and whole life products to help reach a little bit of everyone’s needs. A con is that they don’t offer any investment life insurance products which are appealing to some who want to grow their cash value quicker. Another con is that they are only one company among many others so if they don’t appeal to your taste, you have many other options.

Work with us!

Whether you decide Pan-American Life Insurance Company is the best life insurance company for you or not you should still shop around for quotes. Shopping around for quotes will help you see what company offers you the best quote. If you have 30 seconds go below this article so that you can see for yourself what you can get offered. Not only will you see some quotes but you will also be able to compare them with other highly rated companies. Or you can always take advantage of our FREE services, yes we just said FREE services! We will do all the shopping around for you until we find you the best life insurance company who fit your specific needs, health, and lifestyle. Not only will we find you the best life insurance company but we will also fill out your application for you! Give us a call today so you can stop worrying about tomorrow and spend time with those who truly matter, your family.

The post Pan American Life Insurance Company Review appeared first on Insurechance.com.