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Bankers Life Insurance Company

When searching for life insurance, the key is to get as much information as possible on the life insurance basics, life insurance companies and get as many life insurance rate quotes as possible. Bankers Life Insurance Company has a long history of meeting the needs of its life insurance customers and may be the right company for you.

Take a few minutes to read this overview of Bankers Life Insurance Company to see if they might be a good fit for you. You can then start gathering your rate quotes to compare Bankers with other life insurance companies.

 

History of Bankers Life Insurance Company

Bankers Life Insurance Company, a life insurance and casualty insurance company, was founded in 1879 by a group of hotel owners. Bankers is headquartered in Illinois and is now one of the largest and most reputable life insurance companies in the United States.

In 2002, Bankers Life Insurance Company joined the Conseco Group and Colonial Penn Life Insurance Company to expand their offerings and increase their financial strength. Conseco Group is a Fortune 500 company and currently has over 5 million customers.

Bankers Life Insurance Company specializes in helping seniors with their investment and financial needs and have many pioneering life insurance policies tailored specifically to the needs of seniors.

 

Bankers Life Insurance Company Product Offerings

Bankers Life Insurance Company is licensed to do business in all states with the exception of New York. They offer a wide variety of life insurance and annuity products to their customers. Here are some of the general life insurance policies offered by Bankers Life Insurance Company.

  • Permanent Life Insurance

  • Term Life Insurance

  • Whole Life Insurance

    • Limited Pay Policies

    • Single Premium Policies

  • Universal Life Insurance

  • Juvenile Insurance

In addition to these types of life insurance policies, Bankers Life Insurance Company also offers Medicare supplement insurance and nursing home insurance. These types of policies are in line with their focus on helping seniors by providing them life insurance and annuity products and services.

 

Bankers Life Insurance Company Financial Stability Ratings

As a life insurance consumer, it is a good idea to keep running tabs on the financial strength ratings of the company with which you have a policy. You should also check up on these ratings if you are shopping around for life insurance, as they are a measure of the present and future financial security of your life insurance policy.

Here are the financial strength ratings for Bankers Life and Casualty Insurance Company.

  • A.M. Best: B++ (Good)

  • Fitch: BBB+ (Strong)

  • Standard and Poor's: BB+ (Strong)

  • Moody's: Ba1 (Moderate)

Companies with financial stability ratings such as these are a sound investment. While there are life insurance companies with better ratings, these will suffice if you are getting a good rate, the type of policy you like and need as well as feel comfortable with the people with which you are working. Remember, though, to keep you eye on any changes in these ratings and make changes with your life insurance policy accordingly.

 

Where to Find Bankers Life Insurance Rate Quotes

Now that you have learned a little about Bankers Life Insurance Company, you can start collecting rate quotes for their wide variety of life insurance products. By using our free life insurance rate finder tool, you can get quotes from Bankers and other reputable life insurance companies. You can save a bundle of money by shopping around and getting as many life insurance quotes as possible. In a matter of minutes you can find out if Bankers Life Insurance Company is right and affordable for you.

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