Bankers Life and Casualty Insurance Review & Ratings (2023)
This Bankers Life and Casualty Insurance Review will cover Bankers Life and Casualty Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. The Bankers Life and Casualty Insurance A.M. Best rating is A-, and the Bankers Life and Casualty Insurance S&P Rating is BBB+. To compare insurance rates from the best companies in your area, enter your ZIP code below.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
|
Written by
Chris Tepedino |
|
Reviewed by
Laura Walker
|
UPDATED: Feb 19, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
Discover why Bankers Life and Casualty insurance is a great choice for your car insurance needs. In this comprehensive review, you will learn about the company’s history and mission, its main products and services, the cost of those services, and the states where they are offered.
Find out about the different types of discounts available to customers and what customers are saying about the company’s strengths and weaknesses.
Highlights of Bankers Life and Casualty Insurance:
- Founded in 1879, with over 140 years of experience
- Offers a range of insurance products including life, health, and annuity insurance
- Provides insurance in over 40 states in the US
Bankers Life and Casualty insurance is a trusted insurance company that has been in business since 1879.
With over 140 years of experience, the company offers a range of insurance products, including life, health, and annuity insurance, to provide peace of mind for its customers. The company is headquartered in Chicago, Illinois, and provides insurance in over 40 states in the US.
Bankers Life and Casualty Insurance History and Mission
Bankers Life and Casualty insurance has a long and rich history, having been founded in 1879. Over the years, the company has evolved and expanded its range of insurance products to provide comprehensive coverage to its customers.
Today, Bankers Life and Casualty insurance is focused on providing financial security to its customers through a variety of insurance products and services.
The company’s mission is to help people prepare for their financial future by offering insurance products that are designed to meet the needs of its customers.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Types of Coverage Offered by Bankers Life and Casualty Insurance
Bankers Life and Casualty Insurance offer a comprehensive range of insurance products to provide financial security to its customers. The company’s main products and services include:
Life Insurance:
- Term life insurance: provides coverage for a specified term, typically 10, 20, or 30 years. It is typically less expensive than whole life insurance but does not build cash value.
- Whole life insurance: provides coverage for the policyholder’s entire life, as long as premium payments are made. It also builds cash value over time.
- Universal life insurance: a type of flexible life insurance that combines elements of term and whole life insurance. It provides coverage for the policyholder’s entire life and also builds cash value.
Health Insurance:
- Medicare supplement insurance provides coverage for the out-of-pocket expenses not covered by original Medicare, such as deductibles, coinsurance, and copays.
- Long-term care insurance: provides coverage for the cost of long-term care, such as assistance with activities of daily living, in-home care, or nursing home care.
Annuity Insurance:
- Fixed annuities: a type of insurance that provides a guaranteed rate of return and is designed to provide a steady stream of income in retirement.
- Variable annuities: a type of insurance that allows policyholders to invest their premium payments in a range of investment options, such as mutual funds. The policyholder’s return is based on the performance of the investments they choose.
In addition to these main products, Bankers Life and Casualty Insurance also offers a range of financial planning services, including retirement planning and estate planning.
The company’s goal is to provide comprehensive coverage and peace of mind to its customers by offering a range of insurance products and financial planning services that meet their individual needs.
Cost of Bankers Life and Casualty Insurance
When it comes to the cost of services offered by Bankers Life and Casualty Insurance, it is important to consider several factors that can impact the premium. These factors include:
- Type of insurance policy: The type of insurance policy you choose will play a significant role in determining the cost of your coverage. For example, term life insurance policies typically have lower premiums than whole life insurance policies, while universal life insurance policies may offer a balance between coverage and cost.
- Coverage amount: The amount of coverage you choose will also affect the cost of your policy. Generally, the higher the coverage amount, the higher the premium.
- Age: Age is a key factor that can impact the cost of your policy. Younger policyholders typically have lower premiums, as they are generally considered to be in better health and less likely to file a claim.
- Health: Your overall health can also impact the cost of your policy. Individuals who have pre-existing medical conditions or who engage in high-risk activities, such as smoking, may have higher premiums.
- Financial situation: Your financial situation can also play a role in determining the cost of your policy. For example, individuals with a lower income or high levels of debt may have higher premiums.
- Location: The state where you live can also impact the cost of your policy. Some states have higher insurance costs due to factors such as higher healthcare costs or a higher frequency of natural disasters.
It is important to understand that the cost of services offered by Bankers Life and Casualty Insurance will vary depending on your circumstances and needs.
States Where Bankers Life and Casualty Insurance is Provided
Bankers Life and Casualty Insurance is available in a variety of states across the United States. Some of the states where the company operates include:
- Alabama
- Arizona
- California
- Florida
- Georgia
- Illinois
- Indiana
- Kentucky
- Missouri
- North Carolina
- Ohio
- Pennsylvania
- Texas
If you’re interested in finding Bankers Life and Casualty Insurance near you, there are a few different options you can explore:
- Check the company website: The Bankers Life and Casualty Insurance website have a “Find an Agent” feature that allows you to search for agents in your area. Simply enter your zip code to see a list of agents near you.
- Call the company: You can also call the company directly and speak to a customer service representative who can help you find a local agent. The company’s toll-free customer service number is available on its website.
- Use online directories: There are a number of online directories that can help you find insurance agents near you, including Bankers Life and Casualty Insurance agents. Some popular directories include Insure.com and BankRate.com.
- Ask for referrals: Finally, you can ask friends, family, and colleagues for referrals to local insurance agents. This can be a great way to find a trusted professional who can help you find the coverage you need.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Discounts Available From Bankers Life and Casualty Insurance
Bankers Life and Casualty Insurance offer several discounts to help customers save on their insurance policies. These discounts include:
- Multi-policy discount: Customers who have multiple insurance policies with Bankers Life and Casualty Insurance may be eligible for a discount on their premiums.
- Home safety discount: Customers who have taken steps to improve the safety of their home, such as installing a security system or fire alarms, may be eligible for a discount on their premiums.
- Healthy living discount: Customers who engage in healthy lifestyle habits, such as regular exercise and a healthy diet, may be eligible for a discount on their premiums.
- Good student discount: Full-time students who maintain a good grade point average may be eligible for a discount on their insurance premiums.
- Electronic billing discount: Customers who opt for electronic billing may be eligible for a discount on their premiums.
Bankers Life and Casualty Insurance Customer Reviews
Bankers Life and Casualty Insurance have received a mix of positive and negative reviews from customers.
Some customers praise the company for its affordable rates, comprehensive coverage options, and helpful customer service. Other customers, however, have expressed dissatisfaction with the company’s claims process and customer service.
Strengths:
- Affordable rates: Many customers have praised Bankers Life and Casualty Insurance for their affordable insurance rates.
- Comprehensive coverage options: The company offers a range of coverage options, including life insurance, Medicare supplement insurance, and long-term care insurance, which many customers find appealing.
- Helpful customer service: Many customers have praised the company’s customer service representatives for being knowledgeable, friendly, and helpful.
Weaknesses:
- Claims process: Some customers have reported issues with the company’s claims process, including delays and difficulties in getting their claims approved.
- Customer service: Some customers have reported dissatisfaction with the company’s customer service, with some claiming that they have had difficulty getting their questions answered or resolving issues with their policies.
In Summary: Bankers Life and Casualty Insurance
Bankers Life and Casualty Insurance is a national insurance company that offers a range of insurance products and services, including life insurance, Medicare supplement insurance, and long-term care insurance.
With its affordable rates and comprehensive coverage options, the company is a popular choice for many customers.
The company also offers a variety of discounts, including multi-policy discounts, home safety discounts, and healthy living discounts.
While the company has received mixed reviews from customers, with some praising its affordable rates, comprehensive coverage options, and helpful customer service, others have expressed dissatisfaction with the company’s claims process and customer service.