Let’s face it: none of us wants to sit around and contemplate life’s “what-ifs.” Buying life insurance is a crucial aspect of preserving your loved ones and your legacy, as painful as contemplating our own mortality can be.
You can ensure that you are getting the best policy for you at the best price by looking around for life insurance before you buy. National Family may be able to help you out by giving you with many quotations from different providers at the same time, as well as a customised approach to constructing your life insurance policy.
National Family is a Seattle-based firm that connects customers around the country to a variety of insurance products. It was founded in 2016. They were previously known as Assurance, which was recently bought by Prudential Financial, a Fortune 500 corporation with over 140 years of experience providing financial services to consumers.
National Family presently helps customers in the United States find term, whole life, and ultimate expense insurance. Every month, the company connects over 10,000 customers with providers such as Assurance, John Hancock, Transamerica, Health Insurance Innovations (HII), and Prudential to assist them find the correct life insurance coverage for them and their family.
National Family is active in all 50 states in some manner.
Coverage Options
As previously stated, National Family assists customers in finding term life, whole life, and/or ultimate cost insurance through their own products or through one of their partner providers. Let’s take a look at each of the policy options and the coverage that this aggregator may assist you in putting together.
Term Life
Term life insurance may be the answer if you’re seeking for a less expensive life insurance option.
Adults between the ages of 18 and 70 can purchase a term life policy from National Family with 10-, 15-, 20-, or 30-year periods. The coverage limits range from $50,000 to $3,000,000, with instant approval available on policies up to $1,000,000.
Whole Life
If you’re seeking for a more long-term life insurance solution, you might want to check into whole life insurance.
You may compare whole life insurance policies from National Family, with coverage ranging from $30,000 to $1,000,000. Between the ages of 18 and 79, policies are available.
Final Expense Policy
Even if you don’t have small children, a spouse, or debt to leave behind, a final expense policy may be worth considering. This coverage would cover your final expenses, including as a funeral and burial, as well as any outstanding medical bills, relieving your loved ones of the financial burden.
National Family’s final expense rules are simplified issue, which means that while you’ll still have to answer a few medical history questions, you won’t have to take an exam. If you’re between the ages of 50 and 85, you can buy one of these insurances, with coverage ranging from $5,000 to $30,000.
There are three different rate classes to choose from:
- Preferred – you’ll have complete coverage right now.
- Standard – for the first three years of your insurance, the death benefits your beneficiaries will get is limited.
- Modified – If you die during the first three years of your insurance, your beneficiaries will get a reduced percentage of the death benefit.
How to Apply
Obtaining quotes and submitting an application for life insurance with National Family is a rather basic and uncomplicated process. The procedure consists of answering a few questions online so that the platform can give you with a selection of coverage quotations.
Standard questions will be asked, including your name, date of birth, residence, phone number, gender, and whether or not you have children. National Family will also be interested in learning about your:
· Marital status
· Height and weight
· Medical history
· Employment status
Based on the information you supplied, National Family will present you with rates from their partner insurers. You may quickly shift between policy length options and compare pricing for coverage from these providers if you choose term life insurance.
If there are any doubts about the information you provided, a guide will contact you by phone to check the information. They will then connect you to an agent who is on the other end of the telephone. National Family does not require an in-person consultation to purchase a life insurance policy.
After you’ve decided on your ideal life insurance plan, you’ll be led to the company’s website to answer any remaining questions and finish the application process. You may receive a call from an underwriter at this time, and you will be informed if a medical exam is required before you can purchase your insurance.
Pros and Cons of National Family
Pros:
- 30-day money-back guarantee: You can cancel your life insurance policy for a full refund within the first 30 days if you are unhappy with it or simply change your mind.
- Agents are available anytime: National Family guides and agents work from anywhere and at any time using the company’s platform. This means you can get answers, get a price, and start coverage at any time of day or night… even in the face of a global pandemic! That’s right: even coronavirus outbreaks won’t prevent you from comparing life insurance quotes with National Family.
- Everyone gets the personalized touch: National Family guides will call you to verify and, if necessary, change your coverage options to ensure that everyone is matched with the correct policy at the right price.
Cons:
- Your information may be shared with third-parties: The information you enter will be used by National Family to deliver customised quotes from their partner issuers. Your information may also be shared with third-party companies with your permission in order to further tailor your insurance experience or to provide services that may be of interest to you.
- Partner companies are limited: National Family currently only offers rates from up to five different companies (Lumico/Assurance, John Hancock, Transamerica, Prudential, and HII). While this list is sure to expand in the future, it’s always a good idea to shop around before settling on a policy.