Presidential Life Insurance Company

About the Company

Presidential Life Insurance Company was founded in 1965. They have $4.3 billion in assets, and are a wholly owned subsidiary of Presidential Life Corporation, a publicly owned holding company. The company is licensed to operate in the District of Columbia and all states except New Hampshire. They are a New York based company that offers life insurance products and annuities.

Term Life Insurance Products

Presidential Life does not offer term life insurance products, but they do offer the following whole life insurance product:

Presidential Life Graded Benefit Whole Life

• This policy is issued on a guaranteed issue basis for people ages 50-80 in most states.
• There is no medical exam or questionnaire for this policy.
• The policy face amount ranges from $1,000 to $50,000.
• Benefits paid during the first two or three years are limited.
• If the policyholder is under the age 65 and passes on during the fist three years of the policy, the benefit is payable in amount equal to the premiums paid plus 5% annually compounded interest. If the death is not the result of an accident, this figure is not applicable.
• If the policyholder is over the age 65 and passes on during the fist two years of the policy, the benefit is payable in amount equal to the premiums paid plus 5% annually compounded interest. If the death is not the result of an accident, this figure is not applicable.
• If death occurs due to accident during a policy's two or three year graded benefit period, the death benefit will be premiums paid, 5% annually compounded interest, plus an accidental death benefit equal to the full face amount of the policy.

Presidential Life Financial Ratings

A.M. Best: B+ (Very Good)
Standard & Poor's: BB-
Fitch Ratings: Aq (Strong)

Request a free term life insurance quote >>

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.