National Life Group Insurance Reviews 2023
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Last Updated: July 6, 2023
- No of reviews: Google (682), BBB (45), National life group (12), Total (739)
- No of ratings: Google (4.6), BBB (2.0), National life group (4.8), Avg Rating (3.8)
- National life group phone number: 800-732-8939
- Address: 1 National Life Dr Montpelier, VT 05604-1000
In this review, we’ll take a closer look at National Life Group Insurance and evaluate its products, services, customer service, and overall ratings.
National Life Group Insurance
National Life Group Insurance is one of the oldest life insurance companies in the United States. It was founded in 1848 and is headquartered in Montpelier, Vermont. As one of the first mutual life insurance companies in the U.S., National Life Group has over 175 years of experience and offers a variety of insurance and financial products, including life insurance, annuities, and retirement plans. The company also has a commitment to helping its policyholders achieve financial security.
National Life Group Insurance operates from two headquarters located in Montpelier, Vermont, and Dallas, Texas. The company takes pride in its commitment to corporate social responsibility, which is demonstrated through the National Life Group Foundation. Its life insurance policies are available for purchase in all 50 states of the United States and Washington, D.C. With its extensive reach and commitment to social responsibility, National Life Group Insurance has established itself as a trusted and reliable provider of insurance and financial solutions.
Pros and Cons
- Full range of policy
- Convertible term life policy into permanent policy
- Excellent option for permanent policy
- Reputation for providing good customer service
- Online quote system not available
- Varying rates for term life products
- Target of class action lawsuits
National Life Group Product and Services
National Life Group Insurance provides a wide range of insurance and financial products to help individuals and businesses achieve their financial goals.
Life Insurance: National Life Group offers several options for life insurance, including term life, whole life, and universal life.
Term life insurance policies provide coverage for a specified period of time, while whole life insurance policies provide coverage for the policyholder’s entire life.
Universal life insurance policies are more flexible, allowing policyholders to adjust their premiums and death benefits over time. National Life Group’s life insurance policies can be tailored to meet the individual needs of policyholders, whether they’re looking to protect their family, pay off debts, or leave a legacy.
Annuities: National Life Group offers several types of annuities, including fixed, indexed, and variable annuities. These products can provide a steady stream of income during retirement and are designed to help policyholders achieve financial security in retirement.
Fixed annuities offer a guaranteed rate of return, while indexed annuities allow policyholders to benefit from stock market gains without risking their principal. Variable annuities offer the most potential for growth, but also involve the most risk.
Retirement Plans: National Life Group offers retirement plans for both individuals and businesses. These plans can include 401(k)s, IRAs, and pension plans. National Life Group’s retirement solutions are designed to help policyholders build a nest egg for retirement, with options for investment diversification, tax-deferred growth, and income protection. They also offer a range of educational resources and tools to help policyholders make informed decisions about their retirement planning.
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Other Available Plans
In addition to the products mentioned above, National Life Group Insurance also offers other solutions. These include financial planning services, long-term care insurance, and disability insurance. Financial planning services can help individuals and families plan for their financial futures, while long-term care insurance and disability insurance can provide added protection and financial security in the event of an unexpected illness or injury. With such a wide range of products and services, National Life Group Insurance aims to help its customers achieve their financial goals and protect their families’ futures.
|INDIVIDUALS & FAMILIES||BUSINESS OWNERS||EMPLOYERS & PLAN SPONSORS|
|Living benefits||Qualified plans||Group unallocated annuity|
|Consumer annuities||Non-qualified plans||Guaranteed lifetime income|
|Mutual funds||Business continuation||Rider|
|Business transition||Employer annuities|
National Life Group Reviews
National Life Group Insurance provides good customer service and offers a range of online tools and resources to help policyholders manage their policies and file claims. Their website includes a customer portal where policyholders can access policy information, make payments, and file claims online. They also offer a mobile app for policyholders to manage their policies on-the-go.
Here are some of the sample customers reviews
National Life Group Customer Reviews
So far, I am happy. 4 stars is as high as I can rate because I had the policy only a short time.
Very good and as a new customer I will not hesitate to pass along the word to other interested parties.
So far, so good. I receive everything through email, and my payment is automatically deducted – so there’s no real contact with the company at this time.
I canceled my policy due to the fact that I already have an existing life insurance policy with Allstate. I signed up to cancel and expected the money I put in to return to my account, but I was never given that option. I lost the money I put in, about $3000. I don’t understand because where does the money that I put in go?Source: Google, BBB
National Life Group Rating
National Life Group Insurance has received positive reviews and high ratings from third-party agencies such as A.M. Best, Moody’s, and Standard & Poor’s.
A.M. Best, a leading credit rating agency for the insurance industry, has given National Life Group Insurance an A+ rating, which is the second-highest rating possible. This rating indicates the company’s financial strength and ability to meet its ongoing insurance obligations.
Similarly, Moody’s, a financial services company, has given National Life Group Insurance an A1 rating, which is the fifth-highest rating possible. This rating reflects the company’s strong financial position and its ability to manage risks.
The National Group Life rating includes Standard & Poor’s A+ rating, which is the second-highest rating possible. This rating is based on the company’s strong market position, well-diversified product portfolio, and sound financial management practices.
These ratings and reviews by reputable third-party agencies are a testament to National Life Group Insurance’s commitment to providing quality insurance products and excellent customer service.
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Final Thought: Is National Life good?
Overall, National Life Group Insurance is a reputable insurance carrier with a long history of providing insurance and financial services. Despite its involvement in a class-action lawsuit since 2019, the company’s financial strength and consistent positive ratings from credit agencies like A.M. Best, Moody’s, and Standard & Poor’s indicate that it is a reliable and stable option for policyholders.
Additionally, they provide good customer service and offer a range of online tools and resources to help policyholders manage their policies. While they may have some drawbacks, such as limited availability in some states and no online quotes, their strengths outweigh the disadvantages. If you are considering National Life Group Insurance, be sure to do your research and compare their policies and services with other insurance carriers.
Partnering with an independent insurance agent near you is an optimal approach to guarantee a seamless and hassle-free customer service experience. These agents can adeptly manage claims and address other queries or issues on your behalf, allowing you to have a sense of ease and peace of mind while enjoying your coverage.
List of Other Life Insurance Company
Here are some of the lists of reviews for other life insurance companies, you can go through:
- Colonial Penn Life Insurance Review
- American Income Life Insurance Review
- Globe Life Insurance Review
- Primerica Life Insurance Review
- Fidelity Life Insurance Review
- Mass Mutual Insurance Review
Frequently Asked Questions
Is National Life reliable?
National Life Group Insurance is a reputable insurance carrier with a long history of providing insurance and financial services. The company has an A+ rating from AM Best, indicating its superior ability to meet ongoing insurance obligations.
Is National Life Group worth it?
National Life Group is a reputable insurance company that has indeed been in operation for over 170 years. The company is worth it as its longevity in the industry is often seen as a positive indicator of its stability and reliability.
What is the National Life Group known for?
National Life Group is known for providing insurance and financial services, including life insurance, annuities, and retirement plans.
Can I customize my life insurance policy with National Life Group?
Yes, National Life Group offers the ability to customize your life insurance policy to meet your specific needs. You can choose the coverage amount, policy duration, and additional riders such as accidental death coverage or waiver of premium.
- National Life Group Insurance
- Pros and Cons
- National Life Group Product and Services
- Other Available Plans
- National Life Group Reviews
- National Life Group Customer Reviews
- National Life Group Rating
- Final Thought: Is National Life good?
- List of Other Life Insurance Company
- Frequently Asked Questions
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