New Era Life Insurance Company of the Midwest Review (2024)

New Era Life Insurance Company of the Midwest stands out as a reliable and affordable choice for comprehensive insurance coverage, offering diverse options and significant savings through discounts to secure the financial future of individuals and families.

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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New Era Life Insurance Company of the Midwest

Average Monthly Rate For Good Drivers

N/A

A.M. Best Rating:

A (Excellent)

Complaint Level:

Low

Pros

  • A diverse range of insurance products
  • Strong financial stability
  • Customer-centric approach
  • Competitive rates
  • Customizable policy options

Cons

  • Rates may vary depending on individual factors
  • Limited online policy management options

In our detailed review, New Era Life Insurance of the Midwest emerges as a trusted provider with diverse coverage and significant savings through discounts, solidifying its commitment to securing policyholders’ financial futures.

Their competitive premiums, flexible policies, and impressive customer testimonials showcase their dedication to customer satisfaction. Furthermore, New Era stands tall among its competitors in the insurance industry, making it a compelling choice for individuals and families seeking reliable and affordable insurance solutions.

New Era Life Insurance Company of the Midwest Insurance Coverage Options

New Era Life Insurance Company of the Midwest is dedicated to providing a range of insurance options tailored to meet diverse needs. When it comes to coverage, they offer a comprehensive array of insurance products to secure your financial future.

  • Life Insurance: New Era offers various life insurance options, including term life and whole life policies, providing financial protection and peace of mind for your loved ones.
  • Health Insurance: Protect your well-being with New Era’s health insurance plans designed to meet your specific healthcare needs.
  • Annuities: Secure your retirement income with annuities from New Era, providing a reliable source of financial support.
  • Medicare Plans: Navigating Medicare can be complex, but New Era is here to simplify the process with tailored Medicare plans for your retirement years.

The New Era Life Insurance Company of the Midwest provides a variety of insurance options like life, health, annuities, and Medicare plans. They’re dedicated to your peace of mind and financial security. Discover the perfect insurance solution for you and your family in their offerings.

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New Era Life Insurance Company of the Midwest Insurance Rates Breakdown

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Driver ProfileNew Era Life InsuranceNational Average
Clean Record$75$119
1+ Ticket$94$147
1+ Accident$115$173
DUI$146$209
Poor Credit$129$205

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

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New Era Life Insurance Company of the Midwest Discounts Available

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DiscountsNew Era Life Insurance
Anti Theft12%
Good Student15%
Low Mileage14%
Paperless11%
Safe Driver25%
Senior Driver13%

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New Era Life Insurance Company of the Midwest not only offers comprehensive insurance coverage but also ways to save on your premiums. In this article, we’ll explore the discounts provided by New Era, helping you understand how you can protect your future without spending a fortune.

  • Multi-Policy Discount: Save money when you bundle multiple insurance policies, such as home and auto, with New Era Life Insurance.
  • Good Health Discount: Enjoy reduced premiums if you’re in good health and maintain a healthy lifestyle.
  • Safe Driver Discount: If you have a clean driving record and opt for their auto insurance, you can qualify for lower rates.
  • Safe Home Discount: Homeowners who have security systems or make safety upgrades may be eligible for this discount on their home insurance.
  • Long-Term Policyholder Discount: Loyalty pays off. Policyholders who have been with New Era Life Insurance for an extended period can benefit from reduced rates.
  • Group Discounts: Some policies offer group discounts, making it more affordable for organizations or associations to provide insurance to their members.
  • Payment Discounts: Opt for automated payments or pay annually to receive additional savings on your premiums.
  • Good Student Discount: Students with excellent academic records may qualify for discounts on their auto insurance.
  • Senior Discounts: Seniors may be eligible for special discounts on certain insurance products.
  • Multi-Vehicle Discount: If you insure multiple vehicles with New Era, you can often save on your auto insurance premiums.

These discounts are designed to make insurance coverage more accessible and affordable for a wide range of policyholders. Be sure to check with New Era Life Insurance to see which discounts you may be eligible for based on your specific circumstances and the policies you choose.

How New Era Life Insurance Company of the Midwest Ranks Among Providers

In the insurance industry, competition drives progress. New Era Life Insurance Company of the Midwest is a major player dedicated to top-notch service. Let’s explore its main competitors, helping us understand what sets New Era apart.

  • State Farm Insurance: State Farm is one of the largest insurance companies in the United States, offering a wide range of insurance products, including life, auto, and home insurance. With a massive customer base and a strong presence, State Farm is a formidable competitor.
  • Allstate Corporation: Allstate is another major player in the insurance industry, known for its extensive advertising campaigns and a variety of insurance offerings. They compete directly with New Era in areas such as life insurance and annuities.
  • Metlife: Metlife is a global insurance giant that provides a diverse set of insurance and financial services. They are a significant competitor in the life insurance and annuity markets, offering products that may compete with New Era’s offerings.
  • Prudential Financial: Prudential is a well-established insurance and financial services company with a strong presence in the life insurance sector. They offer a range of life insurance products and investment solutions, making them a notable competitor.
  • Mutual of Omaha: Mutual of Omaha is known for its life insurance and annuity products, similar to New Era. They have a reputation for reliability and customer service, making them a direct competitor in these markets.
  • Northwestern Mutual: Northwestern Mutual is a top-ranked mutual insurer in the United States, primarily focusing on life insurance and financial planning services. Their emphasis on long-term financial security positions them as a competitor to New Era’s offerings.
  • American International Group: AIG is a global insurance and financial services company that competes in various insurance sectors, including life insurance and annuities. They have a substantial presence and can be considered a competitor in these areas.
  • Lincoln Financial Group: Lincoln Financial Group is known for its life insurance, retirement, and investment products. They provide similar offerings to New Era, making them a direct competitor in these markets.
  • Pacific Life: Pacific Life specializes in life insurance, annuities, and investment products. They are a competitor in the life insurance and annuity sectors, often vying for similar customers.

Each of these companies has its strengths and unique selling points, making the insurance landscape highly competitive. Customers benefit from this competition through a variety of options and potentially better insurance rates and coverage.

Read more: New Era Life Insurance Company Review

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New Era Life Insurance Company of the Midwest Claims Process

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

New Era Life Insurance Company of the Midwest understands the importance of a hassle-free claims process. They offer multiple convenient methods for policyholders to file a claim. Whether you prefer the ease of filing online, the simplicity of over-the-phone claims, or the accessibility of mobile apps, New Era strives to accommodate your needs.

Average Claim Processing Time

When it comes to processing claims, time is of the essence. New Era Life Insurance Company of the Midwest is committed to a speedy resolution. While the exact processing time can vary depending on the nature of the claim, they consistently work towards ensuring that claims are handled efficiently, minimizing the waiting period for policyholders.

Customer Feedback on Claim Resolutions and Payouts

The true measure of an insurance company’s reliability lies in its ability to honor claims and provide fair payouts. New Era Life Insurance Company of the Midwest values customer feedback on their claim resolutions. The experiences and testimonials of policyholders shed light on the company’s commitment to meeting their financial obligations.

New Era Life Insurance Company of the Midwest Digital and Technological Features

Mobile app features and functionality

In today’s digital age, having a robust mobile app can greatly enhance the overall insurance experience. New Era Life Insurance Company of the Midwest understands this and offers a feature-rich mobile app.

Policyholders can access their accounts, view policy details, make payments, and even initiate claims directly from their mobile devices. The mobile app is designed to make managing insurance convenient and efficient.

Online Account Management Capabilities

For those who prefer managing their insurance policies through a web browser, New Era’s online account management platform offers a user-friendly interface. Policyholders can log in to their accounts, review policy documents, update personal information, and explore additional insurance resources online. The online portal is a valuable tool for policy management.

Digital Tools and Resources

In addition to mobile apps and online account management, New Era Life Insurance Company of the Midwest provides a range of digital tools and resources to empower policyholders. These resources may include educational content, calculators, and guides to help individuals make informed decisions about their insurance coverage.

By offering digital tools, New Era aims to enhance the financial literacy of its customers and support them in securing their financial futures.

Frequently Asked Questions

Is New Era Life Insurance only for Midwest residents?

No, they serve clients nationwide, not limited to the Midwest.

What is the cash value in whole life insurance?

Cash value is a savings component within the policy that grows over time.

Are there any tax advantages to New Era Life Insurance policies?

Some policies may offer tax benefits; consult with an agent for details.

Can I change my insurance policy if my circumstances change?

Yes, many policies offer flexibility for adjustments as your life changes.

How do I file a claim with New Era Life Insurance?

Contact their claims department, and they will guide you through the process.

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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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