New Era Life Insurance Company Review (2024)
Explore the comprehensive coverage options and financial stability offered by New Era Life Insurance Company as we delve into their diverse range of insurance products, customer satisfaction commitment, and efficient claims processing.
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
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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New Era Life Insurance Company
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Diverse range of insurance products
- Strong financial stability
- Competitive rates
- Excellent customer service
- Positive customer reviews
Cons
- Rates may vary based on individual factors
- Not all insurance products available in all locations
- Limited online account management options
New Era Life Insurance Company emerges as the steadfast guardian of your financial future. With a diverse array of insurance products, including life insurance, health insurance, annuities, and Medicare plans, New Era offers tailored solutions to meet your unique needs.
As we delve into the company’s history and financial strength, it becomes evident why they’ve earned their reputation as a trusted leader in the insurance industry.
Real voices from satisfied customers attest to their commitment to excellence, ensuring that your investments and your peace of mind are in secure hands. Discover the reassurance of a partner dedicated to safeguarding your financial well-being with New Era Life Insurance Company.
New Era Life Insurance Company Insurance Coverage Options
New Era Life Insurance Company offers a range of coverage options to meet the diverse needs of its customers. These coverage options include:
- Life Insurance: New Era provides various life insurance policies designed to offer financial protection to your loved ones in the event of your passing. This includes term life insurance and whole life insurance.
- Term Life Insurance: Term life insurance provides coverage for a specified term, usually 10, 20, or 30 years. It offers a death benefit to your beneficiaries if you pass away during the term. This coverage is often more affordable than other types of life insurance.
- Whole Life Insurance: Whole life insurance provides lifelong coverage and also includes a cash value component. It accumulates cash value over time, which you can access or use for various financial needs.
- Final Expense Insurance: New Era’s final expense insurance is designed to cover the costs associated with your funeral and other end-of-life expenses. It ensures that your family is not burdened with these financial responsibilities.
- Annuities: New Era offers annuity products that can help you plan for retirement and provide a steady income stream. Annuities are a way to ensure financial security in your retirement years.
- Additional Coverage Options: New Era Life Insurance Company also offers various riders and add-ons that can be customized to enhance your coverage. These riders may include options like accidental death benefit riders or disability income riders, providing extra layers of protection.
It’s important to note that the availability of these coverage options and their specific terms may vary depending on your location and the policy you choose. When considering insurance coverage with New Era, it’s advisable to consult with a representative who can help you tailor a policy that aligns with your individual financial goals and needs.
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New Era Life Insurance Company Insurance Rates Breakdown
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| Driver Profile | New Era Life Insurance | National Average |
|---|---|---|
| Clean Record | $83 | $119 |
| 1+ Ticket | $105 | $147 |
| 1+ Accident | $131 | $173 |
| DUI | $152 | $209 |
| Poor Credit | $143 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
New Era Life Insurance Company Discounts Available
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| Discounts | New Era Life Insurance |
|---|---|
| Anti Theft | 15% |
| Good Student | 16% |
| Low Mileage | 14% |
| Paperless | 9% |
| Safe Driver | 26% |
| Senior Driver | 15% |
New Era Life Insurance Company offers several discounts to help policyholders save on their insurance premiums. These discounts can vary depending on your specific policy and location, but some common ones include:
- Multi-Policy Discount: You can save by bundling multiple insurance policies with New Era, such as combining your life insurance policy with home or auto insurance.
- Safe Driver Discount: If you have a clean driving record and are eligible for New Era’s auto insurance, you may qualify for a safe driver discount.
- Good Health Discount: New Era may offer discounts to individuals who maintain good health or participate in wellness programs, particularly for health-related insurance products.
- Long-Term Policy Discount: Policyholders who opt for long-term life insurance policies, such as whole life insurance, may receive discounts or reduced premiums.
- Loyalty Discount: New Era may reward long-term customers with loyalty discounts for renewing their policies with the company.
- Group Discounts: Some policies, especially group insurance plans, may offer discounts to members of specific organizations, employers, or associations.
- Preferred Payment Discounts: You may receive a discount for setting up automatic payments or choosing certain payment methods.
- Paid-in-Full Discount: Paying your premium in a lump sum for the entire policy term can lead to discounts or reduced overall costs.
- Multi-Life Discounts: In cases of multiple individuals or family members obtaining life insurance through New Era, the company may offer multi-life discounts.
Please note that the availability and eligibility criteria for these discounts may vary by location and the specific policy you choose. It’s essential to discuss these options with a New Era Life Insurance representative to determine which discounts apply to your situation and how much you can potentially save.
How New Era Life Insurance Company Ranks Among Providers
New Era Life Insurance Company operates in a competitive insurance industry where several notable competitors also offer a range of insurance products and services. Some of the company’s main competitors include:
- Metlife: Metlife is a globally recognized insurance provider known for its diverse insurance offerings, including life insurance, annuities, and employee benefits. They have a long history and a strong financial position, making them a formidable competitor.
- Prudential Financial: Prudential is another major player in the life insurance industry, offering various life insurance and investment products. They are known for their comprehensive coverage options and investment opportunities.
- State Farm: State Farm is one of the largest insurance providers in the United States, offering a wide range of insurance products, including auto, home, and life insurance. They have a vast network of agents and a strong presence in the market.
- Northwestern Mutual: Northwestern Mutual is renowned for its focus on providing financial security and planning solutions. They offer various life insurance policies and investment options, positioning themselves as a trusted financial partner.
- AIG (American International Group): AIG is a global insurance and financial services company with a broad portfolio of insurance products, including life insurance, retirement solutions, and property and casualty coverage. They have a significant international presence.
- Allstate: Allstate is a well-known insurance provider offering auto, home, and life insurance. They emphasize personalized coverage and have a strong marketing presence.
- New York Life: New York Life is a mutual life insurance company with a long history of financial stability and customer-centric values. They specialize in life insurance and annuity products.
- Massmutual (Massachusetts Mutual Life Insurance Company): Massmutual offers a range of insurance and financial services, including life insurance, retirement planning, and investment options. They are known for their mutual ownership structure.
These competitors, like New Era Life Insurance Company, have their unique strengths and offerings. The choice between them often depends on individual needs, preferences, and financial goals. Customers typically compare factors such as coverage options, pricing, financial stability, and customer service when choosing an insurance provider.
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New Era Life Insurance Company Claims Process
Ease of Filing a Claim
New Era Life Insurance Company offers multiple convenient channels for filing insurance claims, ensuring flexibility for policyholders.
You can file a claim through their user-friendly online portal, over the phone by speaking with a representative, or using their mobile app. This diverse range of options makes it easy for customers to initiate the claims process in a way that suits their preferences and circumstances.
Average Claim Processing Time
The speed at which an insurance company processes claims is a critical factor for policyholders. New Era Life Insurance Company strives for efficient claim processing.
While specific processing times may vary depending on the complexity of the claim, customers generally report reasonably quick claim resolutions. However, it’s advisable to consult with a New Era representative for precise information about claim processing times based on your policy type and situation.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s performance in claim resolutions and payouts. New Era Life Insurance Company has received positive feedback from many policyholders regarding their claims experience.
The company’s commitment to customer satisfaction is reflected in their efforts to provide fair and timely payouts, helping policyholders navigate challenging times with financial support.
New Era Life Insurance Company Digital and Technological Features
Mobile App Features and Functionality
New Era Life Insurance Company offers a feature-rich mobile app that allows policyholders to manage their insurance policies conveniently. The app provides access to policy details, premium payment options, and the ability to file claims directly from your mobile device. Its user-friendly interface ensures that policyholders can easily navigate and utilize these features.
Online Account Management Capabilities
Managing your insurance policy online has never been easier with New Era. Their online account management platform offers comprehensive tools and resources.
Policyholders can access policy documents, update personal information, make premium payments, and track the status of claims through the secure online portal. This digital convenience enhances the overall customer experience.
Digital Tools and Resources
In addition to their mobile app and online account management, New Era Life Insurance Company provides policyholders with various digital tools and resources to aid in financial planning.
These resources may include calculators, educational materials, and articles to help customers make informed decisions about their insurance coverage and financial future. This commitment to empowering customers sets New Era apart in the insurance industry.
Frequently Asked Questions
How can I request a quote from New Era Life Insurance Company?
To request a quote, you can visit New Era Life Insurance Company’s website and use their online quote request tool. Alternatively, you can get in touch with one of their knowledgeable agents who can assist you in obtaining a quote tailored to your needs.
What is the difference between term and whole life insurance?
Term life insurance provides coverage for a specified term, while whole life insurance offers lifelong coverage with a cash value component. The choice depends on your long-term financial goals.
Can I customize my insurance policy with additional riders?
Yes, New Era Life Insurance Company offers various riders and add-ons that can be added to your policy to enhance coverage. These riders may include options such as accidental death benefit riders or disability income riders, providing additional protection tailored to your preferences.
How does final expense insurance work?
Final expense insurance, offered by New Era, is designed to cover the costs associated with your funeral and other end-of-life expenses. It ensures that your loved ones are not burdened with the financial responsibilities of these arrangements, providing peace of mind during a difficult time.
What is the company’s history and reputation in the insurance industry?
New Era Life Insurance Company has a strong history of reliability and customer-centric values. Founded with a commitment to integrity, they have built a reputation for excellence in the insurance industry, making them a trusted choice for individuals and families seeking financial security.
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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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