Empower Annuity Insurance Company of America Review (2024)

Explore the versatile insurance offerings of Empower Annuity Insurance Company of America, providing competitive premiums, top-notch customer service, and a range of policies from life and health to auto and property coverage.

UPDATED: Apr 23, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Apr 23, 2024

Advertiser Disclosure

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

Advertiser Disclosure

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.

UPDATED: Apr 23, 2024Fact Checked
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Empower Annuity Insurance Company of America

Average Monthly Rate For Good Drivers

$100

A.M. Best Rating:

A++ (Superior)

Complaint Level:

Low

Pros

  • Competitive Premiums
  • Comprehensive Coverage Options
  • Excellent Customer Service
  • Convenient Online Account Management
  • Policyholder Benefits and Rewards

Cons

  • Limited international coverage options
  • May not be available in all states

Empower Annuity Insurance Company of America, a trusted name in the insurance industry, offers a diverse array of coverage options to cater to the multifaceted needs of individuals and families.

Their comprehensive portfolio spans from life and health insurance to property, auto, and retirement annuities, ensuring that customers can tailor their protection precisely.

With competitive premiums, top-notch customer service, and the convenience of online account management, Empower Annuity stands out as a reliable partner in safeguarding your financial future.

This customer-focused company’s low complaint level and a history of financial stability further underscore their commitment to providing peace of mind.

Empower Annuity Insurance Company of America Insurance Coverage Options

Empower Annuity Insurance Company of America offers a diverse range of coverage options to meet the varying needs of individuals and families. Here is a bullet list of the coverage options provided by the company:

Life Insurance:

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance

Health Insurance:

  • Individual Health Plans
  • Group Health Plans
  • Medicare Supplements

Property Insurance:

  • Homeowners Insurance
  • Renters Insurance
  • Condo Insurance
  • Flood Insurance

Auto Insurance:

  • Car Insurance
  • Motorcycle Insurance
  • RV Insurance

Retirement Annuities:

  • Fixed Annuities
  • Variable Annuities
  • Immediate Annuities

These comprehensive coverage options allow customers to tailor their insurance portfolios to their specific requirements, ensuring they have the protection they need in various aspects of their lives.

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Empower Annuity Insurance Company of America Insurance Rates Breakdown

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Driver ProfileEmpower Annuity Insurance Company of AmericaNational Average
Clean Record$298$119
1+ Ticket$368$147
1+ Accident$434$173
DUI$503$209
Poor Credit$513$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Empower Annuity Insurance Company of America Discounts Available

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DiscountEmpower Annuity Insurance Company of America
Anti Theft30%
Good Student30%
Low Mileage34%
Paperless19%
Safe Driver35%
Senior Driver25%

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Empower Annuity Insurance Company of America values its policyholders and strives to make insurance more affordable through various discounts. While the availability and eligibility criteria for these discounts may vary by location and policy type, here’s a list of common discounts that the company may offer:

  • Multi-Policy Discounts: Save when you bundle multiple insurance policies, such as home and auto insurance, with Empower Annuity.
  • Safe Driver Discounts: Enjoy lower rates if you have a clean driving record and demonstrate safe driving habits.
  • Good Student Discounts: Students with good grades may qualify for reduced premiums, promoting responsible behavior on the road.
  • Anti-Theft Discounts: Vehicles equipped with anti-theft devices or systems may be eligible for discounts on their auto insurance.

To get accurate and up-to-date information on the specific discounts available with Empower Annuity Insurance Company of America and whether you qualify for them, it’s advisable to contact the company directly or visit their official website.

These discounts can help you save on your insurance premiums while still enjoying the comprehensive coverage and peace of mind that Empower Annuity provides.

Empower Annuity Insurance Company of America  Claims Process

Ease of Filing a Claim

Empower Annuity Insurance Company of America offers multiple convenient methods for filing insurance claims, ensuring a hassle-free experience for policyholders. You can file a claim through their online portal, over the phone, or by using their mobile app.

This flexibility allows you to choose the method that suits you best, whether you prefer the convenience of digital filing or prefer speaking with a representative for assistance.

Average Claim Processing Time

Empower Annuity is committed to providing efficient claim processing services. While specific processing times may vary depending on the nature and complexity of the claim, the company strives to expedite the process to ensure timely resolutions. Policyholders can expect to receive updates on their claim status, helping them stay informed throughout the process.

Customer Feedback on Claim Resolutions and Payouts

Empower Annuity Insurance Company of America values customer feedback and continuously works to enhance its claim resolution and payout processes.

Customer reviews and feedback on the company’s claim handling are generally positive, highlighting their commitment to fair and prompt settlements. Empower Annuity aims to provide peace of mind to policyholders during challenging times by delivering on their promises.

Read more:

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Empower Annuity Insurance Company of America Digital and Technological Features

Mobile App Features and Functionality

Empower Annuity offers a feature-rich mobile app that allows policyholders to manage their insurance accounts with ease. The app provides convenient access to policy information, digital ID cards, and the ability to file claims directly from your mobile device.

Additionally, it offers tools for calculating premiums, exploring coverage options, and accessing resources to stay informed about insurance matters.

Online Account Management Capabilities

Empower Annuity’s online account management platform empowers policyholders with comprehensive self-service options. Through their secure online portal, you can review policy details, make payments, and update your information at your convenience. The user-friendly interface ensures that managing your insurance accounts online is a seamless experience.

Digital Tools and Resources

In line with their commitment to customer education, Empower Annuity provides a wealth of digital tools and resources. These include informative articles, calculators to estimate insurance needs, and educational materials to help you understand various insurance products better.

Whether you’re a seasoned policyholder or new to insurance, these resources are designed to assist you in making well-informed decisions about your coverage.

How Empower Annuity Insurance Company of America Ranks Among Providers

When considering insurance providers, it’s essential to explore various options to find the one that best suits your needs. Here are some competitors of Empower Annuity Insurance Company of America:

  • Prudential Financial: Prudential Financial offers a wide range of insurance products, including life insurance, annuities, retirement solutions, and investment management.
  • Metlife: Metlife provides insurance solutions such as life insurance, dental insurance, disability insurance, and retirement planning.
  • AIG (American International Group): AIG offers a broad spectrum of insurance products, including life insurance, property and casualty insurance, and retirement solutions.
  • New York Life Insurance Company: New York Life specializes in life insurance, retirement planning, and investment management.
  • Nationwide: Nationwide offers various insurance products, including auto insurance, home insurance, life insurance, and retirement planning.

It’s crucial to carefully compare the coverage options, premiums, and customer reviews of these competitors to make an informed decision based on your individual insurance needs and preferences. Keep in mind that factors such as location, age, and health status can influence insurance rates.

Frequently Asked Questions

What types of insurance does Empower Annuity offer?

Empower Annuity offers a wide range of insurance options, including life insurance (such as term, whole, and universal life), health insurance (individual, group, and Medicare supplements).

How can I apply for insurance with Empower Annuity?

Applying for insurance with Empower Annuity is simple. Visit their official website to access the online application process.

Are there any discounts available for policyholders with Empower Annuity?

Yes, Empower Annuity often provides discounts to policyholders. These may include multi-policy discounts, safe driver discounts, good student discounts, anti-theft discounts.

What sets Empower Annuity apart from other insurance companies?

Empower Annuity stands out due to its competitive premiums, comprehensive coverage options, excellent customer service, convenient online account management, and exclusive benefits and rewards for policyholders.

How can I contact Empower Annuity’s customer support for assistance?

You can contact Empower Annuity’s customer support through the provided contact information on their official website.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

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.

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