Phoenix Life Insurance Company review is important for many reasons. One, you might be looking for a new life insurance company. Two, you might be trying to decide if you should make a change to your existing life insurance company. Three, you might be looking to find out more about life insurance companies in general. Regardless, it is always good to know what you are buying before you buy it. Read on for a Phoenix Life Insurance Company (Nassau) review.
- What Is Life Insurance ?
- Who is Phoenix Life Insurance Company?
- What coverage does Phoenix Life Insurance offer?
- What are Phoenix Life Insurance’s rates?
- Phoenix Life Insurance Company Customer Support
- Should You Buy Phoenix Life Insurance ?
What Is Life Insurance ?
Simply put, life insurance is the means of providing for the family should the primary breadwinner suddenly pass away. A Life insurance covers the costs of having a home, family, medical care and some savings. There are various types of life insurance, the most common of which are term life insurance and whole life insurance.
A To be eligible for a term life insurance policy, you must be over the age of 21 and have never taken out a health or life insurance policy. A whole life insurance policy can be written and you are not required to take out a health or life insurance policy.
Who is Phoenix Life Insurance Company?
Phoenix Life Insurance Company is closed life insurance company that has been absorbed by Nassau Life Insurance.
What coverage does Phoenix Life Insurance offer?
Phoenix Life Insurance Company has a comprehensive range of life insurance. If you are looking for some protection, then this company is a good choice. These are some of the specific life insurance policies offered:
Term Life Insurance Sudden Death Policy Term Life Insurance. These are the different forms of term life insurance you can buy from Phoenix Life Insurance Company:
Dividend Advantage Term Life Insurance Sudden Death Term Life Insurance Mortality Share Death Benefit Term Life Insurance Consider:
If your policy is in a lump sum, you can end up paying more for a monthly premium.
You may be charged a fee for the application and initial purchase of your policy. The amount of coverage of your premium is not based on your age or financial situation.
What are Phoenix Life Insurance’s rates?
The same can be said of most life insurance companies. The rates they are willing to offer you are much like the rates you would be offered on your own home insurance. If your home insurance company is willing to offer you the same home insurance rate as they offer for their entire book of business, you would expect the insurance company to be equally as willing to offer the same home insurance rate to you as they offer to everyone else.
They want to keep their overall profit per policy at or near the same rate as the rest of the market. What are Phoenix Life Insurance’s rates like? Most insurance companies have set their premiums at the start of each year, and the fees are fixed until the end of the year.
Phoenix Life Insurance Company Customer Support
You can always use customer support to learn more about your life insurance company, but it is not often there are many interactions with the customer service team. Phoenix Life Insurance Company are, however, well staffed and are keen to help you in whatever way they can. Let them know you want to have your questions answered by the customer service team by selecting ‘Contact us about our service’ from the Phoenix Life Insurance Company web interface.
You will be automatically redirected to a dedicated contact page. Click the small text icon in the top right-hand corner of the page to go straight to their contact centre. Go to Phoenix Life Insurance Company customer service – Ask a question Phoenix Life Insurance Company FAQs The online form is quick and easy to fill in.
Should You Buy Phoenix Life Insurance ?
Phoenix Life Insurance Company (Nassau) is now closed and has been absorbed by Nassau Life Insurance.