Nassau Re Life Insurance Review & Ratings (2022)

Nassau Re Cayman is one of the many entities to Nassau Financial Group. Both A.M. Best and Fitch rated Nassau Financial Group highly for financial strength although Fitch has since withdrawn their rating. Nassau Re offers term, whole, universal, and fixed indexed universal life insurance policies but the coverage limitations and premiums are unclear.

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Written by Chris Tepedino
Insurance Feature Writer Chris Tepedino

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent Laura Walker

UPDATED: Jun 28, 2022

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The Rundown

  • Nassau Re Cayman is one of many entities of Nassau Financial Group
  • While A.M. Best gave Nassau respectable financial strength ratings, Fitch indicated that there were concerns about the future stability
  • Nassau Re offers a variety of term and permanent life insurance options although the policy details are unavailable to the public

Not all successful life insurance companies are well-known. Companies like Nassau Re can have a long-standing history in the life insurance industry and go relatively unnoticed.

Choosing a trustworthy life insurance company is an important decision with long-term consequences. We’ll help keep you informed by providing Nassau’s life insurance ratings, reviews, and policy options.

Excited to learn more about Nassau Re life insurance? Keep scrolling to learn more or enter your ZIP code to get free quotes from the top life insurance providers near you.

Is Nassau Re a good life insurance company?

Nassau is an interesting company that goes by many names, largely depending on the location. For example, you can find products related to Nassau under any of the following names:

  • Nassau Life and Annuity Company (Connecticut)
  • Nassau Life and Annuity Insurance Company (California)
  • Nassau Life Insurance Company (New York)
  • Nassau Life Insurance Company of Kansas
  • Nassau Asset Management
  • Nassau Re Cayman

In short, this means that you’ll need to be attentive to which company or Nassau Financial Group affiliate you’ll be purchasing a life insurance policy from. This can make things a bit complicated.

On a positive note, many companies that have multiple affiliates or subsidiaries can offer strong policy options and have multiple sources of revenue, generating reliable financial stability.

What are Nassau Re’s ratings and reviews?

Since Nassau Financial Group is split into many different branches, including Nassau Re, most of the ratings and reviews will likely be for the group in its entirety.

For example, A.M. Best recently affirmed Nassau Financial Group and all of its entities with a “B+” Financial Strength Rating and a “bbb-” Long-Term Issue Credit Rating.

Nassau’s other financial strength and customer service ratings are listed below:

  • Fitch: BB+ (Withdrawn)
  • Better Business Bureau (BBB): Not Rated
  • NAIC Complaint Index: 0.79

Overall, even Nassau Financial Group has a limited number of reviews available from many of the top life insurance rating agencies. There is apparently some speculation on the company’s financial strength.

Fitch is often used as a secondary source to A.M. Best to determine how financially stable an insurance company is. The fact that Fitch withdrew Nassau’s ratings is concerning.

On a positive note, Nassau does have a good NAIC Complaint Index that is below the industry standard. This means that the company has fewer complaints when compared to similar companies.

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It might be smart to exercise caution when purchasing a life insurance policy from Nassau Re or any other Nassau Financial Group entity until the company’s financial stability problems are resolved.

What life insurance policies does Nassau Re offer?

Nassau Financial Group offers an assortment of life insurance and retirement-based products. That said, not every entity of NFG offers the same products.

Nassau Re Cayman offers annuities and a handful of life insurance policy options which includes:

To supplement, the company also offers long-term care as a separate policy option or as a life insurance rider. It’s worth noting that Nassau Re clearly states that policy options and riders vary by state.

For whatever reason, Nassau Re doesn’t publicly share many policy details, so it’s difficult to identify what the company’s coverage limits, age limits, and anticipated premiums would be.

More About Nassau Re Life Insurance

Nassau doesn’t make it easy to invest in its life insurance policies for anyone who understands the importance of ratings, reviews, and the fine print used during underwriting.

It’s difficult to know how reliable Nassau is with such limited information on the company’s policies and reviews. To make matters worse, it’s very difficult to predict how much the company’s policies will cost.

Average Term Life Insurance Rates by Age and Gender
Age$100,000: Male$100,000: Female$250,000: Male$250,000: Female
25$11.03$10.02$22.10$12.91
30$11.12$10.07$15.31$13.02
35$11.12$10.07$15.42$13.02
40$12.65$11.12$17.94$15.21
45$14.57$13.31$21.55$19.69
50$18.60$17.20$30.19$27.02
55$24.51$20.61$42.88$34.35
60$35.88$27.48$71.10$50.86
65$51.06$37.76$109.82$75.14
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Above, you can get a better idea of how much you could anticipate paying for a term life insurance policy. Of course, there will always be some variance in your premiums based on a myriad of personal factors.

This is why it can be so important to get multiple quotes from different life insurance companies. Sometimes a company like Nassau Re will be the most affordable, and sometimes they can be the most expensive.

One of the only remaining concerns is the company’s user experience for both the policyholder and the beneficiaries. For policyholders, you can use your Nassau Re login to accomplish many fundamental account tasks.

Despite being a Nassau Re customer, it appears that all entities will utilize the NFG service page to make address changes, view account details, and even access the company’s online chat.

Nassau Re online payments seem to be performed using a third-party payment management service called doxo. You’ll want to confirm this with your agent as well.

For beneficiaries, you’ll be able to file claims by mailing the appropriate forms to the regular or express mail address. This should be done after you’ve contacted customer service via the Nassau Re phone number.

This claims process is somewhat outdated as many insurance companies have transitioned to online claims forms which are easier to track and tend to be more convenient for the insurer and beneficiary.

Nassau doesn’t have a mobile app, so you’ll need to have access to a computer and printer to access and use the forms on the company’s website.

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Nassau Re Life Insurance: The Bottom Line

Overall, there are some concerns regarding Nassau Re’s reliability and policy options. It’s hard to make any definitive statements given the lack of available resources for the Nassau Financial Group’s entities.

By now, we hope you have a better idea of whether or not you’ll want to invest in Nassau Re life insurance. Before you go, enter your ZIP code to get free quotes from multiple insurers near you.

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