Is Sears Life Insurance A Good Company?

UPDATED: Apr 15, 2013

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UPDATED: Apr 15, 2013Fact Checked

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Asked April 15, 2013

1 Answer

The Sears Life Insurance Company was originally incorporated in 1956. Sears Life Insurance Company is one of a group of companies which make up the Sears Corporation. Just as the Craftsman brand is the Sears sign of tools, Sears Life Insurance Company is the Sears's issuer and underwriter of life and health insurance policies. Sears Life Insurance Company continues to sell insurance today, but is focused primarily on members of the Sears Financial Network.

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Financial Rating
The topmost owner of Sears Life Insurance Company is the Citigroup financial giant. Under that company, Sears Life Insurance Company inherits their financial rating, long term outlook, and financial assets. The A.M. Best financial ratings company last reviewed Citigroup and its subsidiaries in October of 2012. At that time, the company was given a financial rating of "A-" (Excellent) and a long term outlook of "a-," and stable expectations.

Customer Satisfaction
Sears Life Insurance Company, like the many other aspects of the Sears Corporation, is based on providing customers with specialized services at reasonable rates. For their life and health insurance customers, the power of group insurance keeps rates low and qualifications easy to meet. With a long reputation based on keeping customers happy, the Sears Life Insurance Company is well-liked and easily accessible to members.

Company Availability
Sears Life insurance is available both in the United States and in Canada. Availability includes online sales, direct members sales, and access to life insurance agents at Sears locations throughout the country. Life and health insurance are not the mainstay of the Sears Corporation, they are added benefits the company is able to make available based on their size and reach.

Insurance Products Offered
Sears Life Insurance Company offers both term and permanent life insurance policies, to both U.S. and Canadian residents. In Canada, policies are underwritten by the Great-West Life Insurance Company. In the United States, Sears Life Insurance Company also makes group health insurance available to member of the Sears Financial Network.

Answered April 15, 2013 by Anonymous

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