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Shenandoah Life Insurance
About the Company
Shenandoah Life was founded in Roanoke Virginia in 1914, but didn't sell their first life insurance policy until 1916. They are a mutual company, so they are owned by their policyholder, not stockholders. They sell individual life insurance and annuities, and group dental, disability, and life products.
Shenandoah operates in the following 31 states and the District of Columbia: Minnesota, Wisconsin, Michigan, Iowa, Illinois, Indiana, Ohio, Pennsylvania, Virginia, West Virginia, Kentucky, Tennessee, Missouri, Arkansas, Louisiana, Texas, Oklahoma, Nebraska, Arizona, New Mexico, Colorado, New Jersey, Delaware, Maryland, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Kansas, and Florida.
Term Life Insurance Products
Shenandoah's term life products offer the following features and benefits:
- Premiums are based on your age at time of purchase.
- This product is available for periods of 10, 15, 20, 25, and 30 years.
- Your premiums are estimated to remain level for the life of the policy, but are guaranteed to remain level for 5, 10, 13, 15, and 17 years respectively.
- The death benefit is paid if the policy holder passes on before the policy expires. If the policy holder passes on after the policy expires, the death benefit is not paid.
- There is no cash accumulation value with Shenandoah's term policies.
- The premiums for term life policies are usually lower than with permanent policies.
In addition to offering term life insurance products, Shenandoah offers universal life, whole life, and mortgage protection products. They offer both group and individual life insurance.
Shenandoah Life Financial Ratings
A.M. Best: A- (Excellent)
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