Western Southern Life Insurance Review & Ratings (2023)
This Western Southern Life Insurance Review will cover Western Southern Life Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. The Western Southern Life Insurance A.M. Best rating is A+, and the Western Southern Life Insurance S&P Rating is AA. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Mar 7, 2023
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If you’re looking for a reputable life insurance company, Western Southern Life Insurance may be worth considering. This Ohio-based company has a long history of providing reliable and affordable insurance options to customers across the country.
In this review, we’ll take a closer look at Western Southern Life Insurance’s history, products, services, pricing, discounts, and customer reviews to help you make an informed decision about your life insurance needs.
Interesting Attributes of Western Southern Life Insurance:
- Western Southern Life Insurance is rated A+ by both A.M. Best and the Better Business Bureau (BBB).
- They offer a wide range of life insurance products, including term, whole, and universal life insurance.
- Customers can easily get a quote and purchase a policy online or through a licensed agent.
Western Southern Life Insurance is a well-established insurance company that has been serving customers for over 130 years. They offer a variety of life insurance products and services designed to meet the needs of individuals, families, and businesses.
Their mission is to provide quality insurance products and services to customers while maintaining a commitment to financial strength and stability. We’ll delve into Western Southern Life Insurance’s history, products, services, pricing, discounts, and customer reviews.
Western Southern Life Insurance History and Mission
Western Southern Life Insurance was founded in 1888 in Cincinnati, Ohio, by a group of businessmen who recognized the need for affordable life insurance. The company began as a mutual insurance company, which means that it was owned by its policyholders, and its primary goal was to provide financial protection to its customers and their families.
Over the years, Western Southern Life Insurance expanded its product offerings to include annuities, disability income insurance, and long-term care insurance. In 1999, the company merged with its subsidiary, Columbus Life Insurance Company, to become Western & Southern Financial Group, Inc.
Today, Western & Southern Financial Group, Inc. is a leading financial services company that offers a range of financial products and services, including life insurance, disability income insurance, annuities, mutual funds, and investment advisory services.
The company’s mission is to provide financial security to its customers and help them achieve their financial goals. To achieve this mission, the company focuses on providing innovative financial products and services, exceptional customer service, and a commitment to integrity and ethical business practices.
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Coverage Available From Western Southern Life Insurance
Western Southern Life Insurance offers a range of life insurance products designed to meet the diverse needs of its customers. Here are some of the main coverage options available:
- Term life insurance: Western Southern Life Insurance’s term life insurance policies provide coverage for a set period, typically 10, 20, or 30 years. This type of insurance is ideal for those who need coverage for a specific time frame, such as while their children are still dependents or while they are paying off a mortgage.
- Whole life insurance: Whole life insurance provides coverage for the policyholder’s entire life and includes a savings component that can build cash value over time. This type of insurance can be more expensive than term life insurance but provides lifelong coverage and a guaranteed death benefit.
- Universal life insurance: Universal life insurance provides lifelong coverage with more flexibility than whole life insurance. This type of insurance allows policyholders to adjust their premium payments and death benefit as their needs change.
- Indexed universal life insurance: Indexed universal life insurance is a type of universal life insurance that includes an investment component tied to the performance of a stock market index. This type of insurance provides greater potential for cash value growth than traditional universal life insurance.
In addition to these coverage options, Western Southern Life Insurance also offers a range of riders and endorsements that can be added to policies to customize coverage further.
Cost of Western Southern Life Insurance
The cost of life insurance from Western Southern Life Insurance will vary depending on a variety of factors, including the policyholder’s age, health, and lifestyle habits, as well as the type and amount of coverage selected. Here are some general factors that can impact the cost of life insurance from Western Southern Life Insurance:
- Age: Younger policyholders will typically pay less for life insurance than older policyholders.
- Health: Policyholders in good health will typically pay less for life insurance than those with pre-existing health conditions.
- Lifestyle habits: Lifestyle factors like smoking, excessive alcohol consumption, and dangerous hobbies or occupations can increase the cost of life insurance.
- Type and amount of coverage: The cost of life insurance will vary based on the type of coverage selected (e.g., term life, whole life, universal life) and the amount of coverage needed.
States Where Western Southern Life Insurance is Available
Western Southern Life Insurance is available in most states throughout the United States. However, availability may vary depending on the specific product or service. Here are some of the major states where Western Southern Life Insurance is available:
- Ohio: Western Southern Life Insurance’s headquarters are located in Cincinnati, Ohio, and the company offers its products and services throughout the state.
- Kentucky: Western Southern Life Insurance also offers coverage in Kentucky, where it has a strong presence.
- Indiana: Western Southern Life Insurance offers coverage throughout Indiana.
- Texas: Western Southern Life Insurance offers coverage in Texas, which is one of the largest insurance markets in the country.
- Georgia: Western Southern Life Insurance offers coverage in Georgia, where it has a strong presence.
- North Carolina: Western Southern Life Insurance offers coverage throughout North Carolina.
If you’re interested in finding out whether Western Southern Life Insurance is available in your state, there are some options you can take:
- Visit the Western Southern Life insurance website: The company’s website may provide information about which states its products and services are available in.
- Contact a licensed agent: Western Southern Life Insurance has licensed agents who can provide information about availability in your state. You can find a local agent by using the company’s online agent locator tool.
- Call customer service: You can also contact Western Southern Life Insurance’s customer service team by phone or email to inquire about availability in your state.
- Check with your state insurance department: Each state has an insurance department that regulates insurance companies and can provide information about which companies are authorized to sell insurance in that state.
- Search online: You can also search online for information about Western Southern Life Insurance’s availability in your state. However, it’s important to make sure that any information you find is accurate and up-to-date.
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Discounts Offered by Western Southern Life Insurance
Western Southern Life Insurance offers a variety of discounts that can help customers save money on their life insurance premiums. Here are some of the most common discounts offered by the company:
- Multi-policy discount: Customers who have multiple policies with Western Southern Life Insurance can save money on their life insurance premiums.
- Healthy living discount: Customers who maintain a healthy lifestyle and meet certain health criteria can qualify for a discount on their life insurance premiums.
- Non-smoker discount: Customers who do not smoke can save money on their life insurance premiums.
- Annual premium discount: Customers who pay their premiums annually, rather than monthly, can save money on their life insurance premiums.
- Preferred rate class: Customers who meet certain health and lifestyle criteria can qualify for a preferred rate class, which can result in lower premiums.
- Loyalty discount: Customers who have been with Western Southern Life Insurance for a certain period of time may qualify for a loyalty discount.
- Group discount: Customers who are part of a group or organization that has a partnership with Western Southern Life Insurance may be eligible for a group discount.
Customer Reviews of Western Southern Life Insurance
Customer reviews of Western Southern Life Insurance are generally positive, with many customers praising the company’s customer service, competitive rates, and ease of use. Here is a summary of some of the strengths and weaknesses reported by customers:
Strengths:
- Competitive rates: Many customers report that Western Southern Life Insurance offers competitive rates that are lower than those offered by other insurance companies.
- Customer service: Several customers praise the company’s customer service, noting that representatives are helpful, knowledgeable, and responsive.
- Ease of use: Customers report that the online application process is easy to use and streamlined, with clear instructions and helpful tools.
- Customizable policies: Many customers appreciate that Western Southern Life Insurance offers customizable policies that can be tailored to meet their specific needs.
- Financial stability: Western Southern Life Insurance has a strong financial rating and reputation, which gives customers confidence in the company’s ability to pay out claims.
Weaknesses:
- Limited availability: Some customers report that Western Southern Life Insurance is not available in all states, which can be a drawback for those looking for coverage.
- Limited policy options: Some customers note that the company’s policy options are somewhat limited, with fewer options for riders and add-ons than other insurance companies.
- Lengthy underwriting process: Several customers report that the underwriting process can be lengthy, which can delay coverage and cause frustration.
- Difficulty with claims: A few customers report difficulties with the claims process, noting that it can be slow or require significant follow-up.
Roundup: Western Southern Life Insurance
Western Southern Life Insurance is a reputable life insurance company that offers a range of coverage options to customers in 49 states. The company has a long history of providing financial protection to families and individuals, and its mission is to help customers achieve financial security and peace of mind.
Customers can choose from several different types of policies, including term life, whole life, and universal life insurance. Policyholders can also add riders and other options to their policies to customize their coverage to meet their specific needs.
Western Southern Life Insurance offers competitive rates and a variety of discounts to help customers save money on their premiums. Customers can also benefit from the company’s strong financial stability, which gives them confidence in the company’s ability to pay out claims.
While there are some drawbacks to Western Southern Life Insurance, such as limited availability and a lengthy underwriting process, most customers report a positive experience with the company. Customers appreciate the company’s customizable policies, ease of use, and strong customer service, which makes Western Southern Life Insurance a popular choice for life insurance coverage.