Everlake Life Insurance Company Review (2024)

Discover a comprehensive assessment of Everlake Life Insurance Company, uncovering a myriad of insurance offerings ensuring your peace of mind in an unpredictable world.

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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Everlake Life Insurance Company

Average Monthly Rate For Good Drivers

N/A

A.M. Best Rating:

A+

Complaint Level:

Low

Pros

  • Diverse range of life insurance options
  • Flexible coverage and customizable policies
  • Competitive rates and benefits
  • Exceptional customer service and expert consultation
  • Additional riders for enhanced coverage

Cons

  • Rates may vary based on individual factors
  • Limited availability in some regions

Discover the realm of security and assurance with Everlake Life Insurance Company. Offering a comprehensive range of insurance policies, Everlake ensures your peace of mind in an unpredictable world.

From safeguarding your family’s future through diverse life insurance policies to providing top-tier medical care coverage with health insurance, protecting your valuable assets with property insurance, and keeping you secure on the roads with auto insurance, Everlake caters to every facet of your life.

With a commitment that goes beyond traditional insurance, their supplementary services encompass retirement planning, investment advice, and estate planning. Choose Everlake as your steadfast financial partner, dedicated to understanding your unique needs and crafting tailored solutions that resonate with your life goals.

Everlake Life Insurance Company Insurance Coverage Options

Everlake Life Insurance Company understands that different individuals have unique insurance needs. They offer a range of coverage options to cater to various life situations:

Term Life Insurance:

  • Provides coverage for a specific term, typically 10-30 years
  • Offers a death benefit to beneficiaries if the insured passes away during the term
  • Generally more affordable than other types of life insurance

Whole Life Insurance:

  • Offers lifelong coverage until the insured’s passing
  • Accumulates cash value over time that can be borrowed against or withdrawn
  • Provides a guaranteed death benefit for beneficiaries

Universal Life Insurance:

  • Combines life insurance with a savings component
  • Allows flexibility in premium payments and death benefit
  • Builds cash value that can earn interest

Group Life Insurance:

  • Coverage provided to a group of people, often offered through employers
  • May include term life insurance with the option to convert to an individual policy
  • Offers convenience and potentially lower premiums for members of the group

Everlake Life Insurance Company’s diverse coverage options ensure that you can find the policy that aligns with your financial goals and provides the protection you need.

Read more: Everlake Assurance Company Review

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Everlake Life Insurance Company Insurance Rates Breakdown

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Driver ProfileEverlake LifeNational Average
Clean Record$120$119
1+ Ticket$148$147
1+ Accident$172$173
DUI$207$209
Poor Credit$206$205

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

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Everlake Life Insurance Company Discounts Available

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DiscountEverlake Life
Anti Theft5%
Good Student10%
Low Mileage8%
Paperless5%
Safe Driver15%
Senior Driver7%

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Everlake Life Insurance Company values its policyholders and offers various discounts to help them save on their life insurance premiums. These discounts include:

  • Multi-Policy Discount: Combine multiple life insurance policies for potential savings.
  • Healthy Lifestyle Discount: Enjoy reduced rates for maintaining a healthy lifestyle and meeting certain health criteria.
  • Non-Smoker Discount: Non-smokers can benefit from lower premiums compared to smokers.
  • Loyalty Discount: Rewards for policyholders who continue their coverage with Everlake over time.
  • Safe Driving Record Discount: Applies to policies with a safe driving record, indicating responsible behavior.
  • Bundle Discount: Bundle life insurance with other insurance products for additional savings.
  • Preferred Health Discount: Lower premiums for policyholders with excellent health conditions.
  • Family Discount: Families with multiple policies can enjoy discounts on their premiums.
  • Payment Method Discount: Save by choosing certain payment methods for your premiums.

Everlake Life Insurance Company’s discounts make obtaining quality life insurance more accessible and affordable, encouraging policyholders to protect their loved ones’ futures.

How Everlake Life Insurance Company Ranks Among Providers

In the dynamic landscape of life insurance, Everlake Life Insurance Company faces competition from several prominent players, each offering their own unique strengths and offerings. Some of its main competitors include:

  • Guardianlife assurance: Guardianlife’s strong financial stability and range of coverage options make it a notable contender in the life insurance industry.
  • Securelife insurance corporation: Securelife stands out for its emphasis on long-term financial planning through life insurance, attracting those seeking security and stability.
  • Pinnaclelife assurance: Pinnaclelife’s user-friendly online platform and customer-centric approach appeal to individuals seeking easy access to life insurance solutions.
  • Primeprotect insurance group: Primeprotect’s focus on personalized policies and responsive customer service positions it as a competitive choice for life insurance coverage.
  • Safeguardsure assurance: Safeguardsure’s comprehensive range of coverage options and flexible premium structures make it an attractive option for a diverse clientele.
  • Lifeguard financial services: Lifeguard’s combination of life insurance with financial planning services gives it a unique edge in serving customers’ long-term goals.
  • Securefamily insurance agency: Securefamily’s focus on family-oriented coverage and discounted rates for multiple policies makes it a strong contender for family protection.
  • Trustlife assurance corporation: Trustlife’s emphasis on ethical and responsible business practices appeals to customers looking for alignment with their values.
  • Reliableprotect life insurance: Reliableprotect’s competitive rates and variety of policy options provide customers with a range of choices for their life insurance needs.
  • Assurecare life solutions: Assurecare’s comprehensive approach to insurance, including wellness programs and additional benefits, sets it apart in the industry.

As Everlake Life Insurance Company competes in this environment, it remains committed to its diverse coverage options, customer-focused approach, and exceptional service, differentiating itself in the market.

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Everlake Life Insurance Company Claims Process

Ease of Filing a Claim (online, over the phone, mobile apps)

Everlake Life Insurance Company prioritizes convenience when it comes to filing claims. Policyholders have multiple options for initiating a claim, making it hassle-free to get the process started. The company offers an easy-to-navigate online portal accessible through their website, allowing customers to file claims from the comfort of their homes.

Additionally, Everlake provides a dedicated phone line for claim submissions, offering a more traditional approach for those who prefer human interaction. For tech-savvy individuals, Everlake offers a mobile app that streamlines the claims process, making it quick and straightforward to report an incident and upload necessary documentation.

Average Claim Processing Time

Timely claim processing is crucial for policyholders during challenging times. Everlake Life Insurance Company understands this, and they strive to expedite the processing of claims.

On average, Everlake boasts one of the industry’s quickest claim processing times. Customers can expect efficient handling and a prompt response from the company, providing much-needed financial support when it’s needed most.

Customer Feedback on Claim Resolutions and Payouts

Customer satisfaction is at the heart of Everlake’s operations. The company continuously collects and reviews feedback from policyholders regarding their experiences with claim resolutions and payouts.

The feedback mechanisms in place ensure that Everlake addresses any concerns promptly and makes improvements where necessary. Many policyholders have reported positive experiences with the company’s responsiveness and the fairness of their claim resolutions, which is a testament to Everlake’s commitment to customer satisfaction.

Everlake Life Insurance Company Digital and Technological Features

Mobile App Features and Functionality

Everlake Life Insurance Company offers a feature-rich mobile app designed to enhance the overall customer experience.

The app allows policyholders to manage their insurance policies, file claims, and even access educational resources on insurance matters. Users can easily track the status of their claims, update their personal information, and receive real-time notifications, ensuring they stay informed about their insurance coverage at all times.

Online Account Management Capabilities

Managing your insurance policies and personal information has never been easier thanks to Everlake’s online account management capabilities. Policyholders can log in to their secure online accounts through the company’s website.

From there, they can review policy details, pay premiums, and make changes to their coverage as needed. The intuitive online interface provides a seamless experience, empowering customers to have full control over their insurance portfolios.

Digital Tools and Resources

Everlake understands that informed customers are better equipped to make important insurance decisions. To this end, the company offers a variety of digital tools and resources.

These include informative articles, calculators, and guides that help policyholders understand their insurance options, plan for the future, and make informed financial decisions. Everlake’s commitment to providing valuable digital resources reinforces their dedication to customer empowerment.

Frequently Asked Questions

What types of life insurance policies does Everlake Life Insurance Company offer?

Everlake Life Insurance Company provides a diverse range of life insurance policies, including Term Life Insurance, Whole Life Insurance, Universal Life Insurance, and Group Life Insurance. These options cater to various financial goals and individual protection needs.

How does Everlake Life Insurance Company prioritize convenience in its claims process?

Everlake emphasizes ease of filing claims by offering multiple options. Policyholders can initiate claims through an intuitive online portal accessible via their website, a dedicated phone line, or a user-friendly mobile app. These avenues ensure a hassle-free and efficient claims submission process.

What digital features does Everlake Life Insurance Company provide to its policyholders?

Everlake offers a feature-rich mobile app enabling policyholders to manage their insurance policies, file claims, and access educational resources. Additionally, their online account management allows easy review of policy details, premium payments, and coverage adjustments, empowering customers to have comprehensive control over their insurance portfolios.

How does Everlake Life Insurance Company rank among other insurance providers in the industry?

Everlake competes among prominent insurance providers by emphasizing diverse coverage options, a customer-centric approach, and exceptional service. Its commitment to meeting varied customer needs and providing top-tier services differentiates it in the insurance market, earning positive feedback and competitive rankings among its competitors.

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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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