Assurity Life Insurance Company Review

Joseph Meyer
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Assurity Life Insurance Company Review

Over the past ten or so years, there has been a growing trend in the insurance industry with the advent of direct or online insurance. The internet and technology have played a huge part in making direct insurance possible. People can research policies and price plans and purchase an insurance policy all on their own, without having to make a trip to an insurance agent. Due to this convenience, it has moved beyond just life insurance and policies can now be purchased for all types of insurance.

Ratings and Better Business Bureau Grade

There are several numbers provided by the BBB to help consumers compare companies and services, but the most important information is the grade that tells potential consumers what the majority of people who use the services think. The majority of the grades will be A and B, with the B service providers closer to an A than to an F. (The grading scale is A, B, C, D, F; F means the business has serious issues which lead to consumer complaints.)

According to the Better Business Bureau website, Assurity Life has a grade of A-. This grade is given to a business where the majority of people who use that service have a positive experience. According to BBB, Assurity Life has 26 reports of people who have filed complaints against them, and BBB says that 5 of those complaints are "unresolved."

Life Insurance Offered Via Assurity Life Insurance Company

The Assurity Life Insurance Company was originally formed back in 2002. At that time it was named CNA Insurance, and was a unit of the CNA Financial Corporation. After about 10 years of operation, the company changed its name in 2012, and part of its business changed hands.

Originally, the company sold term life insurance policies only, but it has since also added the sale of permanent whole life insurance policies to its business. The company has a broad geographical presence, covering customers in all states in the United States, as well as some Canadian provinces.

Life Insurance Options Available

Assurity Life Insurance Company:

Assurity Life Insurance Company is part of The Vermont Life Insurance Company, which was founded in the mid-19th century.

It has a financial strength rating of a “BB” from Fitch, and an outstanding debt rating of “AA” from Standard & Poors.

Assurity Life insurance Company provides term life insurance policies and annuities.

Other Products Offered Through Assurity Life Insurance Company

Aside from them being a top life insurance company, Assurity Life Insurance Company also offers some additional products to meet the insurance needs of their customers. These include:

  • · Auto insurance
  • · Homeowners insurance
  • · Business insurance
  • · Renters insurance
  • · Motorcycle insurance
  • · Recreational vehicle insurance