Depending on the type of plan you buy, you may have one or more of the following riders included with your policy: With most life insurance companies, you have the ability to add optional insurance riders to your policy to get additional coverage, access your death benefit early, or to purchase life insurance for your family members.Īssurance life insurance policies are more limited, but there are some riders that are included with your coverage. Through Assurance, you can get up to $30,000 in coverage designed to cover burial and funeral expenses.Īssurance final expense policies are not guaranteed issue, so you can be denied based on your medical history and prescription records. If you’re between the ages of 50 and 85, you may be eligible for a final expense policy. As a permanent form of life insurance, whole life plans are more expensive than term life insurance. Whole life policies can also build cash value that you can tap into in the form of loans or withdrawals over time. Whole life insurance lasts for your lifetime rather than a covered term. Coverage amounts up to $1,000,000 are available through the site, though you may be eligible for higher coverage amounts if you’re willing to have a medical exam. With Assurance, you can choose a term of 10, 15, 20, or 30 years. It provides a death benefit if you die within your policy’s covered term. Term life insurance is a simple, affordable option. There are three policy options available through Assurance: Most policies don’t require medical exams unless you exceed the guaranteed coverage amount. For life insurance, it offers policies underwritten by Prudential and Lumico, but Lumico is the company most commonly mentioned on the Assurance site. High level of customer complaints: Lumico and Prudential-the companies that issue Assurance’s policies-have received more complaints than is typical for insurance companies of their size.Īssurance is an online marketplace.Agents work solely on commission: While you can consult with an agent about your policy options, agents work completely on commission they have a financial incentive to sell you certain policies. The only way to get more information is to request a quote or contact an agent.
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