Wilco Life Insurance Company Review [2024]
Exploring the intricacies of Wilco Life Insurance Company, this review sheds light on its elusive online presence and limited information about its products, urging potential customers to navigate through the challenges of obtaining comprehensive details.
Angie Watts
Licensed Real Estate Agent
Angie Watts is a licensed real estate agent with Florida Executive Realty. Specializing in residential properties since 2015, Angie is a real estate writer who published a book educating homeowners on how to make the most money when they sell their homes. Her goal is to educate and empower both home buyers and sellers so they can have a stress-free shopping and/or selling process. She has studi...
Licensed Real Estate Agent
UPDATED: Apr 23, 2024
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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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Wilco Life Insurance Company
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LowPros
- CNO Financial, the parent company of Wilco, has a good credit history.
- The company may offer a variety of life insurance products.
- The company may offer affordable life insurance rates.
Cons
- There is very little information available about Wilco Life Insurance Company online.
- The company does not have a rating from BBB, and it does not have a financial strength rating from A.M. Best.
- There is no information available online about how to file a claim with Wilco.
- The company does not provide an NAIC number to check its complaint index.
Wilco Life Insurance Company is a small life insurance company founded in 1962. CNO Financial owns it. However, it is tough to find information about Wilco and its products online. Therefore, it isn’t easy to assess the company’s reputability.
Read more to see what we could find out about Wilco Life Insurance Company and its operation in the life insurance industry. If you need help finding affordable life insurance, enter your ZIP code into our free quote comparison tool above.
What You Should Know About Wilco Life Insurance Company
Wilco Life Insurance Company does not have a BBB rating. However, its parent company, CNO Financial, has an A- rating from the BBB with a 1/5 star rating.
Unfortunately, Wilco also does not have a financial strength rating from A.M. Best. However, CNO Financial has a long-term issuer credit rating of BBB-, which means it has a good credit history. In addition, Colonial Penn, another subsidiary of CNO Financial, has an A.M. Best rating of A-, meaning it has an excellent ability to meet its financial obligation.
Wilco doesn’t have an NAIC number to check its complaint index. However, Colonial Penn has an NAIC complaint index of 2.11, which is higher than the national average of 1.00, meaning it gets more complaints than companies of a similar size.
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How can I get a quote or file a claim?
You may have a hard time finding Wilco life insurance quotes. They are likely not available online. However, you may be able to get quotes by calling (317) 817-6100 or finding a local agent who sells Wilco life insurance products.
There is no online information about how to file a claim with Wilco. If you’re looking for the Wilco Life Insurance Company death claim forms, you may need to call the phone number above.
How can I contact the Wilco life insurance company?
Unfortunately, there is no Wilco life insurance website, so finding information about the company online is difficult.
Wilco is located at 11825 Pennsylvania Street, Carmel, IN 46032. The Wilco Life Insurance Company phone number is (317) 817-6100.
Wilco Life Insurance Company Insurance Coverage Options
Unfortunately, finding information about Wilco life insurance is challenging. No website states Wilco’s available insurance products. Therefore, it is best to assume that you can receive primary life insurance products, such as term life insurance, whole life insurance, or universal life insurance.
Term life insurance is a non-permanent life insurance policy typically lasting between 10 and 30 years. Your premiums and death benefit are level for the policy’s life. Some term life insurance policies are convertible to permanent policies.
Whole life insurance is a permanent life insurance policy that lasts as long as you pay your premiums or until you reach the maximum policy age (usually 121). Whole life insurance policies also include a cash-value account, which you can borrow against, which grows consistently.
Universal life insurance is similar to whole life insurance, except it has flexible premiums that allow the policyholder to decide how much they are paying toward their cash-value account.
Another product that may be available from Wilco is final expense insurance. Final expense insurance offers enough coverage to pay for the funeral and burial services you choose. The death benefit is paid directly to the funeral home.
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Should I buy Wilco life insurance?
It’s difficult to determine whether you should buy Wilco life insurance. You may be able to find great products with affordable Wilco life insurance rates, but without information, it’s hard to tell if that’s true.
The lack of openness on the company’s part doesn’t create trustworthiness with its potential customers. Reputable companies tend to advertise their products and the details of their policies.
It is also crucial for customers to have the ability to research life insurance companies thoroughly. Therefore, if you’re not able to learn about the company online, chances are it’s not worth your money.
If you’re not happy with your Wilco life insurance rates, enter your ZIP code into our free quote comparison tool below to find rates from other companies.
Wilco Life Insurance Company Insurance Rates Breakdown
| Driver Profile | Wilco Life Insurance Company | National Average |
|---|---|---|
| Clean Record | $118 | $119 |
| 1+ Ticket | $147 | $147 |
| 1+ Accident | $173 | $173 |
| DUI | $209 | $209 |
| Poor Credit | $203 | $205 |
As stated above, finding information about Wilco life insurance rates is difficult. While we can’t provide you with the exact rates that Wilco will charge, we can give you an idea of what you might pay.
First, let’s look at some sample rates for term life insurance:
Average Monthly Term Life Insurance Rates for Non-Smokers by Age – $100,000 / 10-Year Term
| Non-Smoker Age & Gender | Prudential | Lincoln National | MassMutual | Aegon/ Transamerica | John Hancock | State Farm | Minnesota Life |
|---|---|---|---|---|---|---|---|
| 25-Year-Old Female | $12.25 | $9.46 | $8.36 | $9.89 | $8.78 | $12.44 | $7.04 |
| 25-Year-Old Male | $13.83 | $9.46 | $9.23 | $11.27 | $9.64 | $14.27 | $7.37 |
| 30-Year-Old Female | $12.25 | $9.46 | $8.53 | $9.72 | $8.78 | $13.14 | $7.04 |
| 30-Year-Old Male | $13.92 | $9.46 | $9.23 | $10.06 | $9.64 | $14.70 | $7.37 |
| 35-Year-Old Female | $12.25 | $9.56 | $8.88 | $10.66 | $8.78 | $14.44 | $7.15 |
| 35-Year-Old Male | $13.92 | $9.56 | $9.31 | $11.09 | $9.64 | $15.23 | $7.48 |
| 40-Year-Old Female | $13.30 | $9.94 | $10.10 | $12.47 | $9.45 | $15.49 | $8.14 |
| 40-Year-Old Male | $15.67 | $10.61 | $10.53 | $13.33 | $10.63 | $16.36 | $8.25 |
| 45-Year-Old Female | $16.28 | $12.69 | $11.58 | $14.02 | $11.54 | $20.71 | $10.01 |
| 45-Year-Old Male | $17.68 | $14.53 | $12.97 | $15.65 | $13.10 | $20.79 | $11.00 |
| 50-Year-Old Female | $21.27 | $15.95 | $14.62 | $17.46 | $14.80 | $23.49 | $12.65 |
| 50-Year-Old Male | $21.88 | $20.74 | $16.97 | $20.21 | $15.81 | $26.54 | $14.74 |
| 55-Year-Old Female | $23.80 | $21.50 | $20.28 | $25.89 | $19.58 | $29.67 | N/A |
| 55-Year-Old Male | $28.18 | $27.66 | $24.10 | $30.10 | $22.44 | $34.45 | N/A |
| 60-Year-Old Female | $29.49 | $29.84 | $28.19 | $36.98 | $27.30 | $40.98 | N/A |
| 60-Year-Old Male | $37.72 | $39.03 | $35.50 | $42.66 | $35.15 | $51.50 | N/A |
| 65-Year-Old Female | $41.13 | N/A | $42.64 | $59.94 | $37.74 | $59.51 | N/A |
| 65-Year-Old Male | $58.45 | N/A | $61.68 | $71.29 | $55.74 | $83.09 | N/A |
Read more: Massachusetts Mutual Life Insurance Company Review
Next, here are the average rates for whole life insurance:
Average Monthly Whole Life Insurance Rates for Non-Smokers
| Non-Smoker Age & Gender | Foresters Financial – $250,000 Policy | State Farm – $250,000 Policy | Foresters Financial – $500,000 Policy | State Farm – $500,000 Policy |
|---|---|---|---|---|
| 25-Year-Old Female | $156.80 | $203.14 | $304.24 | $400.19 |
| 25-Year-Old Male | $178.68 | $225.12 | $347.99 | $444.14 |
| 30-Year-Old Female | $188.96 | $234.24 | $368.11 | $462.39 |
| 30-Year-Old Male | $216.52 | $260.14 | $422.80 | $514.19 |
| 35-Year-Old Female | $230.52 | $273.19 | $450.36 | $540.29 |
| 35-Year-Old Male | $267.05 | $311.47 | $522.55 | $616.84 |
| 40-Year-Old Female | $277.99 | $321.24 | $543.99 | $636.39 |
| 40-Year-Old Male | $326.33 | $375.62 | $639.80 | $745.14 |
| 45-Year-Old Female | $349.30 | $381.29 | $685.30 | $756.49 |
| 45-Year-Old Male | $401.58 | $467.84 | $788.99 | $929.59 |
| 50-Year-Old Female | $429.14 | $470.02 | $843.68 | $933.94 |
| 50-Year-Old Male | $499.36 | $578.12 | $982.80 | $1,150.14 |
| 55-Year-Old Female | $549.89 | $598.79 | $1,082.55 | $1,191.49 |
| 55-Year-Old Male | $629.30 | $727.97 | $1,239.61 | $1,449.84 |
| 60-Year-Old Female | $700.83 | $769.94 | $1,381.36 | $1,533.79 |
| 60-Year-Old Male | $802.33 | $988.97 | $1,582.18 | $1,971.84 |
| 65-Year-Old Female | $912.58 | $1,045.09 | $1,800.93 | $2,084.09 |
| 65-Year-Old Male | $1,043.61 | $1,310.87 | $2,060.36 | $2,615.64 |
Lastly, here are some sample rates for final expense insurance:
Final Expense Insurance Rates Comparison for a $15,000 Policy
| Age | Transamerica - Male | Transamerica - Female | Foresters Financial - Male | Foresters Financial - Female | AIG - Male | AIG - Female |
|---|---|---|---|---|---|---|
| 40 | $34.25 | $28.87 | NA | NA | NA | NA |
| 45 | $38.95 | $32.19 | NA | NA | NA | NA |
| 50 | $44.31 | $36.20 | $46.42 | $37.50 | $76.89 | $52.74 |
| 55 | $52.21 | $42.00 | $53.72 | $45.16 | $84.35 | $63.85 |
| 60 | $63.93 | $48.79 | $66.20 | $51.54 | $93.75 | $74.03 |
| 65 | $83.00 | $60.65 | $82.04 | $62.62 | $125.23 | $91.35 |
| 70 | $110.20 | $79.20 | $107.78 | $78.55 | $146.27 | $110.78 |
| 75 | $148.26 | $107.55 | $152.46 | $111.04 | $206.83 | $159.75 |
| 80 | $208.55 | $154.38 | $218.53 | $165.05 | $368.66 | $262.13 |
It would help if you kept in mind that your life insurance rates can vary widely based on your age, gender, location, health, and more.
Wilco Life Insurance Company Discounts Available
| Discount | Wilco Life Insurance Company |
|---|---|
| Anti Theft | 9% |
| Good Student | 12% |
| Low Mileage | 8% |
| Paperless | 11% |
| Safe Driver | 10% |
| Senior Driver | 7% |
Wilco Life Insurance Company aims to provide affordable life insurance solutions to its customers. While specific details about discounts may not be readily available, insurance companies often offer various discounts to eligible policyholders. It’s essential to contact Wilco directly to inquire about the discounts they may provide.
- Multi-Policy Discount: Wilco Life Insurance Company may offer a multi-policy discount for customers who choose to bundle their life insurance with other insurance products, such as auto or home insurance.
- Healthy Lifestyle Discount: Policyholders who demonstrate a commitment to a healthy lifestyle, such as regular exercise, a balanced diet, or non-smoking habits, may be eligible for a healthy lifestyle discount.
- Long-Term Policyholder Discount: Customers who commit to long-term life insurance policies with Wilco may receive discounts or benefits for their loyalty and continued coverage.
- Preferred Payment Method Discount: Choosing certain payment methods, such as automatic bank withdrawals or annual payments, may qualify policyholders for a preferred payment method discount.
- Safe Lifestyle Habits Discount: Some insurers provide discounts for policyholders who engage in safe lifestyle habits, such as participating in safe driving courses or adhering to safety guidelines.
- Group or Employer Discounts: Wilco Life Insurance Company may offer group or employer-sponsored life insurance plans with associated discounts for individuals covered under these plans.
For detailed information about the specific discounts available and eligibility criteria, it is recommended to contact Wilco Life Insurance Company directly. Reach out to their customer service or visit their local office to discuss potential discounts and tailor a life insurance policy to meet your needs while maximizing savings.
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How Wilco Life Insurance Company Ranks Among Providers
Wilco Life Insurance Company doesn’t explicitly mention its competitors, I can provide you with some well-known life insurance companies that are generally considered competitors in the industry. Keep in mind that the competitive landscape may vary, and the list below is not exhaustive:
- Prudential Financial: A widely recognized and established life insurance company offering a range of insurance and financial products.
- Metlife: Another major player in the life insurance industry with a diverse portfolio of insurance and financial services.
- New York Life Insurance Company: One of the largest and oldest mutual life insurance companies in the United States, known for its stability and financial strength.
- Northwestern Mutual: A top-rated mutual company offering life insurance, investment, and financial planning services.
- State Farm: Known for its auto and home insurance, State Farm is also a significant player in the life insurance market.
- AIG (American International Group): A global insurance and financial services organization offering a variety of insurance products, including life insurance.
- Massmutual (Massachusetts Mutual Life Insurance Company): A mutual company providing a range of financial products, including life insurance and retirement planning.
- Guardian Life Insurance Company: A mutual company offering life insurance, disability income insurance, and other financial products.
- Lincoln Financial Group: A diversified financial services company providing life insurance, annuities, and retirement planning solutions.
- Transamerica: Known for its life insurance and investment products, Transamerica is a well-established company in the industry.
It’s essential to compare specific features, coverage options, and customer reviews to determine which life insurance company aligns best with your needs and preferences. Additionally, local or regional insurers may also be strong competitors in certain markets.
Frequently Asked Questions
What types of life insurance does Wilco Life Insurance Company offer?
While specific information about Wilco Life Insurance Company’s products is not available online, it is likely that they offer basic life insurance options such as term life insurance, whole life insurance, universal life insurance, or final expense insurance. It is recommended to contact the company directly for detailed information.
How do Wilco Life Insurance Company’s rates compare to other insurance providers?
Unfortunately, finding information about Wilco Life Insurance Company’s rates is challenging. Without specific details, it is difficult to make a direct comparison. It is advisable to obtain quotes from multiple insurance providers to compare rates and coverage options.
Is Wilco Life Insurance Company a reputable company?
Assessing the reputation of Wilco Life Insurance Company is challenging due to the limited information available online. While its parent company, CNO Financial, has a good credit history and one of its subsidiaries, Colonial Penn, has an excellent financial strength rating, it is important to consider the overall lack of transparency and customer reviews .
Can I file a claim online with Wilco Life Insurance Company?
There is no online information available regarding how to file a claim with Wilco Life Insurance Company. It is recommended to contact the company directly for guidance on the claims process and to obtain the necessary claim forms.
Are Wilco Life Insurance Company’s policies convertible or have cash-value benefits?
Without specific information about Wilco Life Insurance Company’s products, it is unclear if their policies are convertible or offer cash-value benefits.
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Angie Watts
Licensed Real Estate Agent
Angie Watts is a licensed real estate agent with Florida Executive Realty. Specializing in residential properties since 2015, Angie is a real estate writer who published a book educating homeowners on how to make the most money when they sell their homes. Her goal is to educate and empower both home buyers and sellers so they can have a stress-free shopping and/or selling process. She has studi...
Licensed Real Estate 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.
