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Franklin Life Insurance Company
About the Company
Franklin Insurance Agency, Inc. is licensed to do business in Pennsylvania, New York, Ohio, Virginia, and West Virginia. They are headquartered in Franklin, Pennsylvania. They have over 10,000 Business, Personal, and Group health accounts. They are also licensed to sell auto insurance, homeowners insurance, commercial insurance, life insurance, long term care insurance, and individual disability insurance.
Franklin's mission statement is: "Tomorrow's Service Today."
Franklin is partners with Erie Insurance Group, St Paul Travelers, Donegal Insurance Group, Chubb, Blue Cross, UPMC, Health America, Farmers Mutual of Fryburg, Bituminous Insurance Companies, Everett Cash Mutual, Penn Prime Municipal Insurance, PMSLIC, Positive Physicians Insurance Exchange, Progressive Insurance, Rockwood Casualty, The Hartford, The PMA Group, and Zurich Insurance.
Term Life Products
Franklin offers term life insurance in addition to permanent life insurance products. Their term life products have the following features:
- The death benefit is income-tax free. It can be used to cover funeral expenses, pay off any remaining debts, pay estate taxes, or pay any other fees or expenses that you may leave behind.
- The death benefit is only paid if the policy holder passes on while the policy is in effect. If the policy holder does not pass on while the policy is in effect, no death benefit is delivered.
- The death benefit can range from $100,000 to $1,000,000+.
- Term life policies come in terms of five, ten, fifteen, twenty, twenty-five, and thirty years.
- The premiums are much lower for term life policies than for permanent policies. It is considered the affordable insurance program.
- Franklin's term life policies are great temporary insurance programs for people who want extra financial coverage while their financial contributions are vital to their families.
Frankling Insurance Financial Ratings
A.M. Best: A (Excellent)
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