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Beneficial Life Insurance Company
About Beneficial Life
Beneficial Financial Group's company vision is as follows: A world-class financial services organization with an unwavering commitment to our core values and the highest professional standards and reputation.
Beneficial Life began in 1905. They have always operated profitably, even through both World Wars and the Great Depression, which was not an easy feat. During The Great Depression they filled requests for loans with out having to use a moratorium or deferral of cash payments. During the World Wars, Beneficial did not invoke war clauses that denied claims for soldiers who died during war times, as many other agencies did.
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Beneficial Life Term Life Insurance Products
Beneficial Life offers great Term Life insurance products. Their term life products offer the following features and benefits:
- Beneficial Life offers level term life policies, which means that your premiums and coverage will be level for the life of your policy.
- Policies are available in terms of one, five, ten, fifteen, twenty, and thirty years.
- Term life policies offer a death benefit if the policy holder passes on while the policy is in effect. The benefit is usually free of income taxes.
- There is no cash accumulation with a term life policy. If you do not pass on while your policy is in effect, you will not receive any kind of cash benefit. However, your premium payments with a term Llife policy are much less than they are with a permanent life policy.
- When your term life policy expires, you can choose to renew your policy until you are 95 years old.
- You may also choose to convert your term policy to a permanent policy.
- If you choose to convert your policy, your premiums will most likely increase, but you will not have to take a medical exam.
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Beneficial Financial Ratings
Standard & Poor's: A+ (Stable)
A.M. Best: A (Excellent)
Named to the Ward's Top 50.
Term Life Insure provides free information concerning insurance products and services, but is not an agency or an insurer. We are not associated with the company or companies profiled on this page and we make no representation, express or implied, that you will receive a quote from the company profiled herein. Products may not be available in all states. Please speak to your insurance agent or carrier directly for more information.
