Settlers Life Insurance Company Review [2024]
Settlers Insurance Company is a respectable entity of National Guardian Insurance Group. They have contrasting reviews between leading organizations and direct testimonials on Google.
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ...
Licensed Agent & Financial Advisor
UPDATED: Jul 29, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jul 29, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- National Guardian Life is the parent company to Settlers Life Insurance Company
- Most reputable organizations rate Settlers Life highly, but the company’s Google reviews are concerning
- Settlers Life is a whole life insurance specialist with multiple policy and payment options
Buying a permanent life insurance policy requires a long-term commitment that has major financial ramifications. Settlers Life Insurance Company could be a viable option as a whole life insurance specialist.
If you’ve never heard of Settlers Life, it might be hard to justify buying a policy from them. That’s why we’ll break down the company’s ratings, reviews, and more.
Below, you’ll find a comprehensive Settlers Life Insurance Company review. While you’re here, use our free quote tool to get quotes from top life insurance companies in just a few clicks.
Should I buy a Settlers Life insurance policy?
Settlers Life Insurance Company is an established insurance provider that is part of National Guardian Life (NGL). Collectively, both companies have been operating for almost 90 years.
As the primary parent organization, NGL provides an assortment of specialty insurance products, life insurance policies, and annuities. Different subsidiaries will have different policy options.
With Settlers Life, you will be able to purchase life insurance, but it doesn’t seem like you will be able to purchase annuities or any other specialty insurance directly through this subsidiary.
Does Settlers Life have good reviews?
As a smaller subsidiary, it can sometimes be challenging to find reputable ratings and reviews for Settlers Life. In most cases, the parent company offers a more comprehensive assortment of ratings and reviews, though this isn’t always a direct reflection of a subsidiary’s performance.
Below, we’ve listed the key ratings and reviews for Settlers Life.
- A.M. Best: A+
- Standard & Poor’s (S&P): A
- Fitch: BBB
- Better Business Bureau (BBB): A+ (NGL)
- NAIC Complaint Index: 1.14
We were able to find a handful of trustworthy ratings and reviews, although most of these were for National Guardian Life as a whole. The company’s A.M. Best rating did clarify that all subsidiaries were honored with that same rating.
Altogether, A.M. Best, S&P, and Fitch have collectively reinforced the notion that Settlers Life is a reliable life insurance provider from a financial standpoint.
The company appears to be in good financial standing with a positive future outlook. In addition, Settlers Life also has favorable customer service ratings based on the available information from the BBB and NAIC.
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In short, the NAIC Complaint Index score for NGL states that the company fields an average number of complaints. The BBB rating suggests that those complaints are proactively resolved by the company. (For more information, read our “How to File a Complaint Against a Life Insurance Company“).
Regardless of these reviews, there seem to be growing concerns surrounding the Settlers Life customer service experience based on the company’s Google reviews.
Customers complain that the Settlers Life insurance phone number doesn’t typically lead you to a customer service representative. This can be extremely frustrating as a policyholder or beneficiary.
The Settlers Life Insurance Company ratings are positive overall, but their recent customer service woes are worth keeping an eye on.
It doesn’t help that, in 2018, one of the Settlers Life offices closed, although President Michael Lowe suggested it was just to manage funds differently. Settlers Life stopped taking new business that November.
Most of the negative Google reviews are more recent, so there may have been some changes related to this closure that has gone unresolved.
What life insurance policies are available with Settlers Life?
As mentioned earlier, Settlers Life could be a good option for a permanent life insurance policy. While most companies tend to offer term life insurance as a more affordable option, Settlers Life focuses on policies that build cash value.
Life Insurance Policy Options for Settlers Life
| Features | Bronze II | Bronze | Silver | Gold |
|---|---|---|---|---|
| Policy Type | Modified Whole Life | Modified Whole Life | Immediate Whole Life | Immediate Whole Life |
| Waiting Period | Two Years | Two Years | None | None |
| Benefit Range | $1,000-$10,000 | $1,0000-$15,000 | $1,000-$25,000 | $2,500-$50,000 |
| Age Range | 40-75 years | 40-80 years | 6 mo-85 years | 15 days-85 years |
With Settlers Life, you’ll have an assortment of options for whole life insurance. There are different levels that have different coverage limitations, age restrictions, and accessibility.
For starters, it could be helpful to use a life insurance calculator to determine how much you’ll want for a death benefit. From there, you can select the most practical policy option.
What’s unique about the Settlers Life whole life insurance policies is the different payment options. You can pay your policy in one payment, over 10 years, 20 years, or for the remainder of your life.
Your budget will play a big role in which payment option you select. It’s not clear whether or not Settlers Life offers any incentive to choose one option over another.
If you’re curious about policy flexibility, there are a handful of policy riders available with Settlers Life. These include a children’s rider, accidental death rider, and an accelerated benefit rider.
Learning about life insurance riders could be a helpful way to provide flexibility to your policy if you fit into a category that puts you in risky situations.
What else should I know about Settlers Life Insurance Company?
Settlers Life Insurance Company is rated well overall and is considered a whole life insurance specialist, but that’s not the only thing that’s important. Even if the company’s service to the policyholder is excellent, you’ll need to be sure your beneficiaries will have a similar experience.
Most of this comes down to the claims process. How difficult will it be for your beneficiaries to submit a life insurance claim? Unfortunately, Settlers Life doesn’t make it particularly easy.
For starters, it might be a challenge to find the appropriate documents required to submit a Settlers Life Insurance Company claim. To make matters worse, claims can’t be submitted electronically.
The Settlers Life website seems to be lacking some necessary features for your beneficiaries, as noted by a handful of the aforementioned Google reviews.
Naturally, you’ll have no problem accessing your Settlers Life insurance bill pay online. It’s hard to guarantee that Settlers Life has your family’s best interests in mind given the circumstances.
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Settlers Insurance: Payment, Service, and Reviews
Settlers Insurance is renowned for providing reliable coverage and exceptional service. When considering Settlers Life insurance payment options, customers will find various methods tailored to their convenience.
The company offers an easy-to-use platform for Settlers Life Insurance payment online, allowing policyholders to manage their payments without hassle. Many Settlers Life Insurance reviews highlight the efficiency of Settlers Life Insurance customer service, which is known for its responsiveness and helpfulness.
The Settlers insurance company ensures that clients have access to a dedicated support team, ready to assist with any queries or concerns. For those looking to make payments or access their accounts, the Settlers Life Insurance login portal provides a seamless experience.
Customers can quickly make a Settlers Life Insurance payment through this secure platform, ensuring their coverage remains active. Additionally, the Settlers Life Insurance company phone number is readily available for those who prefer speaking directly with a representative.
Overall, Settlers Insurance remains a trusted choice for many, offering robust life insurance solutions backed by stellar service.
Settlers Life and NGL Insurance: Claims, Payments, and Coverage Options
My Settlers Life offers a range of insurance products tailored to various needs, including Settlers Life Insurance claim forms for easy claims processing. When the Settler Life owner of a life insurance policy dies, beneficiaries can rely on efficient procedures to access the policy benefits.
The company is known for its comprehensive support and has earned a reputation for reliability, as reflected in reliable life insurance company reviews. Customers appreciate the straightforward approach to managing their Settler’s life payments and accessing information.
In addition to Settlers Life products, NGL Insurance Group provides valuable coverage options such as NGL burial insurance and NGL funeral insurance.
These products are designed to offer peace of mind and financial protection for end-of-life expenses. The NGL Insurance Company is recognized for its dependable services, with many clients finding satisfaction in NGL insurance payment methods.
Whether managing a policy with Settlers Life or exploring offerings from NGL Insurance Group, customers can trust these companies to deliver solid support and effective solutions.
Evaluating Top Insurance Providers: NGL, Settlers Life, and Guardian Reviews
When searching for a reliable provider, having access to the NGL insurance company’s phone number is crucial for addressing any concerns or inquiries. Among reputable life insurance companies, Settlers Life Insurance in Bristol VA stands out for its local presence and commitment to personalized service.
For those considering Everly Settlers Life, Everly Settlers Life Insurance offers a range of options tailored to meet various needs, supported by a strong track record. In evaluating different insurance options, NGL customer service is frequently praised for its responsiveness and support.
Reviews of SelectQuote Whole Life Insurance and Guardian Life Insurance provide insights into their offerings, with Guardian Whole Life Insurance reviews often highlighting their comprehensive coverage.
Additionally, National Guardian Life Insurance reviews and Life Insurance of the Southwest reviews provide valuable information for potential policyholders seeking the best fit for their needs.
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Settlers Life: Quick Recap
As a whole, Settlers Life could be a viable option for anyone looking into a whole life insurance policy. The company has decent ratings and reviews, but their customer service might be worth a second look.
We hope you enjoyed reading our Settlers Life Insurance Company review. Before you go, use our free quote tool to get instant rates from multiple insurers near you.
Frequently Asked Questions
Should I buy a Settlers insurance policy?
Settlers Insurance Company is an established insurance provider with almost 90 years of operation. As part of National Guardian (NGL), they offer an assortment of specialty insurance products and insurance policies. However, it’s important to consider your specific needs and compare quotes from multiple companies before making a decision.
Does Settlers have good reviews?
Settlers Insurance Company has positive ratings and reviews from reputable organizations like A.M. Best, S&P, and Fitch, which indicate their financial stability. However, reviews specific to Settlers can be limited. It’s advisable to research and gather as much information as possible before choosing a policy.
What insurance policies are available with Settlers?
Settlers specialize in whole insurance policies. They offer different coverage levels, age restrictions, and payment options. You can choose a payment plan that suits your budget, and they also provide policy riders for additional flexibility.
What else should I know about Settlers Insurance Company?
While Settlers is rated well overall, it’s important to consider their claims process and customer service. Some customers have reported difficulties with submitting claims and accessing necessary documents. It’s crucial to ensure that the company’s policies align with your expectations, especially regarding the ease of submitting claims for your beneficiaries.
How can I compare insurance quotes from Settlers and other companies?
To compare insurance quotes, you can use a free quote tool like the one provided on our website. By entering your ZIP code, you can receive quotes from multiple insurance companies, including Settlers , allowing you to make an informed decision based on your specific needs and budget.
Who took over Settlers Life Insurance Company?
Settlers Life Insurance Company was acquired by National Guardian Life Insurance Company (NGL).
How to pay Settlers Life online?
To pay Settlers Life online, visit the Settlers Life Insurance website, log in to your account, and navigate to the payment section to complete your transaction.
What is the phone number for Everly Holdings Settlers Life?
The phone number for Everly Holdings Settlers Life can be found on their official website or by contacting their customer service department directly for accurate and updated information.
What is the time limit for death claims in life insurance?
The time limit for death claims in life insurance varies by policy and state regulations, but it is typically within 1 to 2 years from the date of death. Always refer to your policy for specific deadlines.
What is the oldest life insurance company still in business?
The oldest life insurance company still in business is The New York Life Insurance Company, founded in 1845.
Can I pay my life insurance online?
Yes, you can pay your life insurance online through the insurer’s website or mobile app by logging into your account and selecting the payment option.
What type of insurance is NGL?
NGL Insurance Company provides various types of insurance, including life insurance, burial insurance, and funeral insurance.
How long does it take for a beneficiary to receive money from life insurance?
It typically takes 30 to 60 days for a beneficiary to receive money from a life insurance policy after the claim is filed, though this can vary.
What happens if a beneficiary does not claim life insurance?
If a beneficiary does not claim life insurance, the policy benefits may be held in a trust or escheat to the state, depending on the insurer’s policies and state laws.
How long after death do you have to collect life insurance?
You generally have up to 1 to 2 years after the insured’s death to file a claim and collect life insurance benefits. Check the policy for specific details.
Who is the most trustworthy life insurance company?
The most trustworthy life insurance company can vary by individual needs and preferences, but companies like New York Life, Northwestern Mutual, and Guardian Life are often highly rated for their trustworthiness.
What’s the best life insurance to have?
The best life insurance to have depends on personal needs and financial goals, but term life insurance and whole life insurance are commonly recommended based on coverage needs and investment preferences.
What is the most sold life insurance policy?
The most sold life insurance policy is term life insurance, due to its affordability and straightforward coverage.
Can you access your life insurance while alive?
Some types of life insurance, such as whole life or universal life, allow policyholders to access cash value while alive through loans or withdrawals.
How long do you need to have life insurance before it pays out?
Life insurance policies generally pay out upon death, as long as the premiums are current and the policy is active. There is no minimum time required for a payout, but waiting periods may apply for certain types of coverage.
Is NGL a good insurance company?
NGL Insurance Company is considered reputable, but reviews and ratings can vary. It is advisable to research customer reviews and ratings for a comprehensive assessment.
How does NGL work?
NGL Insurance Company offers various insurance products, including life insurance and burial insurance, through a network of agents and online platforms, focusing on providing financial protection and support to policyholders.
How can I make a payment?
To make a payment, you can use options such as online payment portals, phone payments, or mail-in payments, depending on the insurance company’s available methods.
What is the safest method of payment?
The safest method of payment is typically using secure online payment systems or direct bank transfers, which offer encryption and fraud protection.
How can I pay online directly?
To pay online directly, visit the insurance company’s website, log in to your account, and use the secure payment section to complete your transaction.
What company bought out the National Life and Accident Insurance Company?
National Life and Accident Insurance Company was acquired by Aetna.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ...
Licensed Agent & Financial Advisor
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
