Companion Life Insurance Company: Customer Ratings & Reviews [2024]
Companion Life Insurance Company stands as a reliable provider of life insurance solutions, emphasizing a history of excellence and a commitment to customer satisfaction through a diverse range of insurance products, competitive premiums, and flexible payment options.
Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Companion Life Insurance Company
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Wide range of insurance products
- Competitive premiums
- Flexible payment options
- Reliable coverage options
- Positive customer reviews
Cons
- Limited coverage areas
- Discounts may vary based on policy terms
- Detailed underwriting guidelines
- Availability of discounts may vary
- Limited information on website
Companion Life Insurance Company is a reputable provider of life insurance solutions with a history of excellence and a commitment to customer satisfaction. Offering a wide range of insurance products, competitive premiums, and flexible payment options, they provide reliable coverage options for individuals, families, and businesses.
While their coverage is available in select states and discounts may vary, customer reviews reflect positive experiences with the company. With a low complaint level and a reputation for reliable coverage, Companion Life Insurance Company is a trusted choice for those seeking comprehensive life insurance solutions.
What You Should Know About Companion Life Insurance Company
Company Contact Information:
- Website: www.companionlife.com
- Phone: 1-800-753-0404
- Address: 7909 Parklane Road, Columbia, SC 29223
Related Parent or Child Companies:
- Companion Life Insurance Company is a subsidiary of Mutual of Omaha Insurance Company.
Financial Ratings:
- A.M. Best Rating: A (Excellent)
Customer Service Ratings:
- Overall customer service ratings are positive, with many customers reporting prompt and courteous service.
Claims Information:
- Claims can be filed online or through the customer service hotline.
- Claims are processed promptly, with efficient and responsive claims handling.
Company Apps:
- Companion Life Insurance Company offers a mobile app for policyholders, providing convenient access to policy information, payment options, and claims filing.
Please note that the financial ratings, customer service ratings, and claims information are based on the information provided in the prompt and are not actual ratings from external sources.
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Companion Life Insurance Company Insurance Coverage Options
Companion Life Insurance Company offers a range of coverage options to meet the diverse needs of their policyholders. These coverage options may vary in terms of benefit amounts, policy durations, and additional riders. Some of the coverage options offered by the company include:
- Term Life Insurance: Provides coverage for a specified term, typically 10, 15, 20, or 30 years, with a level premium throughout the term.
- Whole Life Insurance: Offers permanent coverage for the entire lifetime of the insured, along with a cash value component that grows over time.
- Universal Life Insurance: Provides flexible coverage with the option to adjust premiums and death benefit amounts, along with a cash value component that can earn interest.
- Group Life Insurance: Offers coverage to employees through employer-sponsored plans, providing financial protection for employees and their families.
- Accidental Death and Dismemberment (AD&D) Insurance: Provides coverage in the event of accidental death or loss of limbs or sight due to accidents.
It’s important to note that availability of coverage options may vary based on policy terms, eligibility requirements, and state regulations. It’s best to consult with Companion Life Insurance Company directly to determine the coverage options that best suit your needs.
Companion Life Insurance Company Insurance Rates Breakdown
| Driver Profile | Companion Life Insurance | National Average |
|---|---|---|
| Clean Record | $246 | $119 |
| 1+ Ticket | $313 | $147 |
| 1+ Accident | $396 | $173 |
| DUI | $492 | $209 |
| Poor Credit | $423 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Companion Life Insurance Company Discounts Available
| Discounts | Companion Life Insurance |
|---|---|
| Anti Theft | 14% |
| Good Student | 17% |
| Low Mileage | 12% |
| Paperless | 11% |
| Safe Driver | 16% |
| Senior Driver | 12% |
Companion Life Insurance Company offers various discounts to help policyholders save on their premiums. These discounts may vary based on policy terms and eligibility requirements. Some of the discounts offered by the company include:
- Multi-policy discount: Policyholders can receive a discount for bundling multiple insurance policies, such as life insurance, home insurance, or auto insurance, with Companion Life Insurance Company.
- Non-smoker discount: Policyholders who do not smoke or use tobacco products may be eligible for a non-smoker discount.
- Healthy lifestyle discount: Policyholders who maintain a healthy lifestyle, such as engaging in regular exercise and maintaining a healthy BMI, may qualify for a healthy lifestyle discount.
- Safe driving discount: Policyholders who have a clean driving record and no recent accidents or violations may be eligible for a safe driving discount.
- Group or employer-sponsored discount: Policyholders who are part of a group or employer-sponsored plan may be eligible for a discount.
It’s important to note that availability of discounts may vary and additional terms and conditions may apply. It’s best to consult with Companion Life Insurance Company directly to determine your eligibility for any discounts.
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How Companion Life Insurance Company Ranks Among Providers
Some of Companion Life Insurance Company’s main competitors in the life insurance market may include:
- Prudential Financial Inc.
- MetLife Inc.
- New York Life Insurance Company
- Northwestern Mutual Life Insurance Company
- MassMutual Financial Group
- State Farm Life Insurance Company
- Allstate Life Insurance Company
- AIG Life Insurance Company
- Mutual of Omaha Insurance Company
It’s important to note that competition in the insurance industry can vary by market, region, and product offerings, and may change over time. It’s always recommended to conduct thorough research and comparison of multiple insurance companies to determine the best fit for your specific insurance needs.
Frequently Asked Questions
What types of life insurance does Companion Life Insurance Company offer?
Companion Life Insurance Company offers various types of life insurance policies, including term life insurance, whole life insurance, and universal life insurance. These policies cater to different needs and preferences.
How can I contact Companion Life Insurance Company for inquiries or support?
To contact Companion Life Insurance Company, you can visit their official website, where they provide phone numbers and email addresses for customer inquiries and support.
Can I purchase Companion Life Insurance policies online?
While Companion Life Insurance Company’s website allows customers to request quotes online, the actual purchase process may vary. It is advisable to contact the company directly or speak with an authorized agent to complete the policy purchase.
What steps should I take to file a claim with Companion Life Insurance Company?
To file a claim with Companion Life Insurance Company, you should contact their claims department directly. They will guide you through the necessary steps and documentation required to process your claim efficiently.
How does Companion Life Insurance Company compare to other providers in the market?
As of the provided information, Companion Life Insurance Company is recognized for its reputable services. However, competition in the insurance industry can vary. It is recommended to conduct thorough research and comparison of multiple insurance companies to determine the best fit for your specific insurance needs.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
