Wilco Insurance Services Life Insurance Review & Ratings (2023)
This Wilco Insurance Services Life Insurance Review will cover Wilco Insurance Services Life Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. 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: Jun 20, 2022
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- Wilco Life Insurance is a small insurance company that offers basic life insurance products
- Wilco is owned by Conseco Inc., which has an A- rating with the Better Business Bureau
- Because Wilco is a fairly obscure life insurance company, be sure to compare rates with other companies before purchasing any of the company’s products
Searching for life insurance can be daunting, and it’s sometimes difficult to know that you’ve found the best policy for yourself and your loved ones with so many different options out there. While many people tend to stick with the big names when it comes to life insurance, it’s important to learn about smaller companies that offer different life insurance products in your area.
Wilco Life Insurance Company is a small life insurance company located in Carmel, Indiana. The company offers a variety of life insurance products to its policyholders.
Wilco does not have a strong online presence, so it’s difficult to find much information about the company’s specifics. Additionally, policyholders are not able to use a Wilco life insurance company login to access their policy information as Wilco does not have an active website.
Before committing to Wilco or any other life insurance company, you should do a bit of research by using free insurance quotes online. These quotes will help you get a good idea of how much different companies will charge you for the coverage you want, and you can compare the rates to find a company that offers what you want at a price you can afford.
If you are searching for a life insurance policy, be sure to use our free tool above to compare rates before you buy Wilco life insurance.
What does Wilco Life Insurance Company offer?
Wilco does not feature a robust online presence, so it can be difficult to know what the insurance company offers. It is likely that Wilco offers at least the basic life insurance products, which often include:
- Term life insurance
- Whole or permanent life insurance
- Certain annuities
- Certain riders
Some smaller life insurance companies only offer one or two life insurance products, so there’s a chance Wilco offers simple term life insurance products or simple whole life insurance products and nothing more. To learn more about the company, you could always speak to a Wilco agent and ask any specific questions you might have.
If you are interested in purchasing a life insurance policy with Wilco, you will need to fill out different Wilco Life Insurance Company forms in order to apply. It remains important to make sure that you compare life insurance rates with a lot of different companies before you purchase a policy from Wilco or any other insurance company.
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How much is life insurance with Wilco?
Knowing the exact price of a Wilco life insurance policy is not possible until you speak to an agent. But the table below offers a bit of guidance with average monthly rates for a 10-year term life insurance policy based on a person’s gender and age.
Average Monthly 10-Year Term Life Insurance Rates for Seniors based on Age, Gender, and Death Benefits
| Age & Gender | Average Monthly Rates for $250,000 Death Benefits | Average Monthly Rates for $500,000 Death Benefits | Average Monthly Rates for $750,000 Death Benefits | Average Monthly Rates for $1,000,000 Death Benefits | Average Monthly Rates for $2,000,000 Death Benefits |
|---|---|---|---|---|---|
| 60-Year-Old Female | $56.86 | $102.37 | $149.34 | $189.50 | $373.49 |
| 60-Year-Old Male | $76.12 | $138.64 | $204.05 | $255.08 | $504.64 |
| 70-Year-Old Female | $172.38 | $295.61 | $440.76 | $556.17 | $1,089.38 |
| 70-Year-Old Male | $242.02 | $444.63 | $664.29 | $846.83 | $1,676.36 |
| 80-Year-Old Female | $722.74 | $1,375.68 | $2,061.10 | $2,573.20 | $5,086.77 |
| 80-Year-Old Male | $927.86 | $1,776.11 | $2,661.75 | $3,455.01 | $6,901.88 |
As you can see, the amount of the death benefit included in your policy greatly impacts your monthly rates. Another important factor when it comes to life insurance rates is your age. The younger you are, the less you can expect to pay for coverage.
While the rates listed above are for senior citizens, you may be purchasing a life insurance policy in your 20s or 30s. If that’s the case, rest assured that your monthly rates, whether you choose a term or whole life insurance policy, will be cheaper than those for older policyholders.
Does Wilco have good ratings and reviews?
Wilco Life Insurance Company is a subsidiary of Conseco Inc., a company listed on the Better Business Burea as receiving an A- rating, though Conseco Inc. is not accredited with the BBB.
The company’s reviews are not as exemplary, as the company has only received one out of five stars when it comes to customer reviews. To be fair, there is just a single one-star review on the BBB’s website, which accounts for the low score. According to A.M. Best, the Conseco group has received a rating of A- as well, and the company’s standing improved from “stable” to “positive” in January 2021.
How will my family benefit from my Wilco policy if I die?
Once you purchase a life insurance policy with Wilco, you will be covered, and your family will receive a death benefit for the duration of your policy. This means that if you’ve purchased a term life policy, you will be covered for that term (typically anywhere from 10 to 30 years), while a whole life insurance policy will offer coverage regardless of your age as long as you keep up with your payments.
Your family will receive the death benefit of your policy once they make a claim after your death. Typically, an insurance company will require a death certificate. If your life insurance policy is with Wilco, your beneficiaries will probably also have to turn in certain Wilco life insurance company death claim forms.
The death benefit of your life insurance policy will go to any and all of your beneficiaries. Companies typically have a time limit in terms of how long it takes them to pay out any benefits.
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Should I purchase life insurance with Wilco?
If you have started a business or purchased a home and incurred debt, if you are considering starting a family, or if you have any dependents, it may be a good idea to buy life insurance. After shopping around for life insurance coverage with multiple companies, you may find that Wilco offers you the best deal based on the life insurance amount and coverage you need.
Before you commit to a policy with Wilco—or any other company—be sure to shop around to find the best life insurance rates. You may have friends or family members that swear by a certain company, but that doesn’t mean the company will be perfect for you.
Before you make any final decisions, take your time to do some research. Once you find a life insurance company that will work for you and offers you peace of mind, you can purchase a policy. As you shop around for coverage, be sure to use our free tool below to compare life insurance rates from top companies in your area.