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Prudential Life Insurance

• Rated 4 stars out of 5 by NerdWallet.
• Offers several types of term life policies and a wide variety of universal life policies.
• First major U.S. life insurer to offer coverage to people with HIV.

Founded in 1875, Prudential Financial is one of the largest life insurance companies in the U.S. The company offers a broad first financial security insurance reviews of universal and term life insurance policies. Extra features can be added to some policies to customize coverage.

Prudential life insurance

Prudential earned 4 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into first financial security insurance reviews consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.

» MORE:Best life insurance companies

Prudential life insurance pros and cons

Prudential life insurance policies

Prudential term life insurance policies come with different features and options, and prices vary.

• Term Essential: This affordable policy is available in 10- 15- 20- or 30-year terms, with a premium that will stay level over the course of the term. You can convert the policy to permanent life insurance, and various riders are available to customize your coverage.
• Term Elite: Like Term Essential, this policy can last for 10, 15, 20 or 30 years and be customized with riders such as the Living Needs Benefit, an accelerated death benefit rider that will pay out a portion of your death benefit if you’re diagnosed with a terminal illness. One difference: If you convert a Term Elite policy to permanent coverage within the first five years, you’ll get credit toward the first year of new premiums.
• PruTerm One: This policy offers coverage for one year at a time, which may be useful for small-business owners who want coverage as they pay off short-term loans.
• SimplyTerm:With this policy, you can buy $100,000 to $1 million worth of coverage online. Included automatically is a terminal illness rider, which allows you to access your death benefit in advance if you’re diagnosed with a terminal disease.

» MORE: Compare life insurance quotes

Prudential also offers several types of universal, indexed universal and variable universal life, including survivorship policies. Survivorship life insurance insures two people on the same policy. The policy pays out when the second person dies.

These permanent life insurance policies let you accumulate cash value. The potential for cash value growth varies among the products. The cash value growth in the indexed policies is based on the performance of a financial index, such as the S&P 500. With the variable policies, you pick the underlying investments that will be the basis for cash value growth.

Prudential customer complaints and satisfaction

Over three years, Prudential has drawn fewer than the expected number of complaints to state regulators for a company of its size, according to a NerdWallet analysis of data from the National Association of Insurance Commissioners.

Prudential ranked No. 15 out of 21 companies for customer satisfaction in J.D. Power’s 2021 U.S. Life Insurance Study.

More about Prudential life insurance

On the Prudential website, you can get a quote, learn about life insurance basics, update your personal details, change your beneficiary and make premium payments.

Prudential also offers additional products like annuities, investments and workplace benefits.

Life insurance buying guide

Before you start comparing companies, choose the type of life insurance you want, such as term or whole life. Decide which life insurance riders, if any, you want the policy to include. Calculate how much life insurance you need and how long you want the coverage to last. Check that the insurers you’re considering offer the coverage you’re looking for.

When comparing rates, be sure the quotes are for the same amount of coverage over the same period of time. It’s also important to make sure the policy’s medical requirements match your needs. For example, if you want to skip the life insurance medical exam but don’t mind answering health questions, confirm that the application process for each policy you're comparing aligns with tupelo ms renasant bank may not be the biggest driver behind your decision to buy. Look at the number of consumer complaints each company receives, as high numbers can be a red flag about the quality of service.

For more guidance, see our life insurance buying guide.

Life insurance ratings methodology

Insurer complaints methodology

About the author

Andrew Marder

Andrew Marder is a NerdWallet authority on insurance. Over more than a decade, he's worked in everything from banks to tech startups. Read more

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BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

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Financial Strength

About First Financial Insurance Group

First Financial Insurance Group was founded in 1992 and has its headquarters in Carleton, Michigan. Today they provide coverage in both Michigan and Ohio. They offer a range of insurance plans for the senior market; although their Facebook page advertises long term care and Medicare supplement insurance, the website itself only lists annuities and final expense life insurance.

Very little information is offered on the company and its products on the website, although they do market fairly heavily towards insurance agents and brokers, through whom their products are sold.

Products

First Financial’s website lists two main products: annuities, and final expense insurance. Their information request form lists other products including long term care and Medicare Supplement, but these are not mentioned anywhere else on the website.

Final Expense Life Insurance

First Financial offers permanent whole life insurance plans aimed at paying for final expenses including funeral costs. The website offers very little in the way of details on these first financial security insurance reviews. Issue age is from 0 to 89 years old, and the company offers plans with no premium increase over time. Although it is not stated, this type of policy usually has a low benefit maximum and often requires no medical exam.

Annuities

The website has some general information on types of annuities but does not offer any specific details of the company’s plan. The information offered is only that First Financial does not write variable annuities, but the site excludes what other types they do offer.

Rates

We were unable to locate rate information for First Financial, and the website does not offer online quoting as an option. This is not surprising for a company like First Financial, who relies on agent and broker sales directly to customers.

There is a quote request form on the website that can be used to obtain rate information. This form likely will result with the customer being contacted by an agent and solicitation efforts that some consumers may not appreciate.

Claims

We were also unable to find any claims filing or processing information on the website. Given the lack of information in general on the website, it is not surprising to see claims information missing.

Ratings and Consumer Reviews

First Financial has an A+ rating with the Better Business Bureau (BBB), with a total of three complaints on record in the past three years. Only one was closed in the past 12 months.

There are two negative reviews on Yelp. Once cites heavy solicitation efforts, which is not surprising, and another cites failure to pay a claim as well as failure to cancel the policy after death, continuing to take premiums.

Overall, we found little first financial security insurance reviews the way of information on this company and its reputation.

The Bottom Line

First Financial is the type of company that obtains most of its business from agent and broker sales. With very little information available regarding the company or its products, it is difficult to make a recommendation regarding this company.

What services can Security First Financial provide?

As a financial advisory firm, Security First Financial can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds).

Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.

Where is Security First Financial headquartered? Which states do its financial advisors serve?

Security First Financial is headquartered in Swartz Creek, MI and currently serves in 6 states: Florida, Indiana, Michigan, Ohio, Tennessee, Texas.

What is the average client balance at Security First Financial?

While Security First Financial advises clients across a variety of portfolio sizes, the average client balance is currently $366,132. In total, Security First Financial manages $198,077,517 in assets.

What is the historical performance of Security First Financial?

The SEC, nor FINRA, tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client's personal financial situation.

Can I write a review of Security First Financial or file a complaint?

investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.

You may have purchased life insurance years ago and never gave it a second thought. Or perhaps you don’t have life insurance at all and now you need it. When your life circumstances change, you have a fresh opportunity to make sure the people you love are protected.

Marriage

When you were single, life insurance might have seemed like an unnecessary expense, but now someone else is depending on your income. If something happens to you, your spouse will likely need to rely on life insurance benefits to meet expenses and pay off debts.

The amount of life insurance coverage you need depends on your income, your debts and assets, your financial goals, and other personal factors. Even if you have some low-cost life insurance through work, this might not be enough. Buying life insurance coverage through a private insurer could help fill the gap.

Parenthood

When children arrive, revisiting your life insurance needs could help you protect your growing family’s financial security. Life insurance proceeds might help your family meet both their current obligations, such as a mortgage, child care, or car payments, and future expenses, including a child’s college education. Even if you already have life insurance, children are among the most important reasons to review your policy limits and beneficiary designations.

Retirement

As you prepare to leave the workforce, reevaluate your need for life insurance. You might think that you can do without it if you’ve paid off all your debts and feel first financial security insurance reviews secure. But if you’re like some retirees, your financial picture may not be so rosy, especially if you’re still saddled with mortgage payments, student loan bills, and other obligations. Life insurance protection could still be important if you haven’t accumulated sufficient assets to provide for your family, or you want to replace retirement income lost when you are no longer around.

Life insurance can also be an important tool to help you transfer wealth to the next generation. Or perhaps you’re looking for a way to pay your estate tax bill or leave something to charity. You may need to keep some of your life insurance in force or buy a different type of coverage.

Consumers Understand the Value of Life Insurance

Source: 2021 Insurance Barometer First financial security insurance reviews, Life Happens and LIMRA

Health Changes

A common concern is that life insurance coverage will end if your insurer finds out that your health has declined. But if you’ve been paying your premiums, changes to your health will not matter. Some life insurance policies even offer accelerated (living) benefits that you can access in the event of a serious or long-term illness.

You may be able to buy additional life insurance if you need it, especially if you purchase group insurance through your employer first financial security insurance reviews an open enrollment period. Purchasing an individual policy might be more difficult and more expensive, but check with your insurance representative to explore your options.

Of course, it’s also possible that your health has improved. For example, perhaps you’ve stopped smoking or lost a significant amount of weight. If so, you may now qualify for a lower premium.

The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to blog warez bb org sure that you are insurable. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. Any guarantees are contingent on the financial strength and claims-paying ability of the issuing insurance company. Optional benefits are available for an additional cost and are subject to contractual terms, conditions, and limitations.

This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek guidance from an independent tax or legal professional. First financial security insurance reviews content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2021 Broadridge Financial Solutions, Inc.