Prosperity Life Group Life Insurance Review [2024]
Prosperity Insurance Group sells a number of insurance and retirement products including insurance. Prosperity 's most popular products are its final expense insurance offerings. This company also offers term, whole, and universal insurance products as well, but they may not be as robust as some of the other major insurance companies in the marketplace.
Read moreReady to compare quick life insurance quotes?
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
UPDATED: Sep 17, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies 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 life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Sep 17, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Prosperity Life Group has been in the insurance market for over 100 years; the company was initially founded back in 1916
- The original name of the company was Shenandoah Life Insurance company; the current Prosperity Life Insurance Group branding was not adopted until 2009
- This company sells a number of different services, including annuities, Medicare supplement plans, and life insurance
Prosperity Life offers a wide variety of insurance services, including annuity products, Medicare supplement plans, and life insurance. For the purpose of our review, we will only be looking at the life insurance policies offered by Prosperity Life Insurance Group.
This company offers term life insurance quotes, whole life insurance, universal life insurance, and final expense insurance, but Prosperity Life is best known for its final expense insurance product offerings. We’ll take a closer look at the variety of insurance policies offered by Prosperity, see if we can share some sample rates with you, and go over the company’s financial strength rating.
If you want to find life insurance quotes similar to Prosperity Life’s offerings, enter your ZIP code above to compare life insurance rates from the top providers in your locality.
How much is Prosperity life insurance?
Prosperity sells a number of different life insurance policies to help customers plan for the future. We were able to find and compile data on Prosperity Life Group’s most popular life insurance product. Below you will see sample premium rates.
Monthly Rates for a $10,000 Final Expense Policy
| Policyholder Age | $10,000 Policy: Male Average Monthly Rates | $10,000 Policy: Female Average Monthly Rates |
|---|---|---|
| 40 | $24.02 | $20.43 |
| 45 | $27.16 | $22.65 |
| 50 | $43.20 | $32.91 |
| 55 | $50.06 | $38.89 |
| 60 | $57.86 | $45.98 |
| 65 | $71.02 | $55.60 |
| 70 | $88.55 | $69.69 |
| 75 | $114.80 | $91.51 |
| 80 | $163.18 | $126.89 |
| 85 | $230.74 | $181.52 |
Prosperity life insurance quotes can also be acquired by calling a life insurance agent; they do not allow you the ability to get a quote online.
Prosperity has not published their rates for premium prices their term, whole, or universal life insurance policies. If you want to know more about specific rate details for those policies, you will need to contact a Prosperity life insurance agent.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
What other types of life insurance policies are sold by Prosperity Life?
Besides final expense insurance, Prosperity Life Group sells term life insurance, whole life insurance, and universal life insurance policies. These policies are not as popular as their final expense policies. This is likely due to the fact that better term, whole, and universal life insurance policies can be purchased from other major insurance companies.
Let’s take a closer look at the details of Prosperity Life’s other life insurance policies. This company’s term life insurance policies feature an easy application process that requires no medical exam. You will be asked a few key health questions over the phone, and database records will also be used to make a health determination.
Prosperity Life’s term life insurance policies are generally approved in 48 hours or less. The company guarantees that your term life insurance premiums remain level for the first 10 years of the policy, and you can get term coverage up to 350,000 dollars.
The whole life insurance policies offered by Prosperity Life Group feature a level premium for the duration of your policy which will last for the rest of your life if you continue to pay your premiums on time. These whole life policies also grow a cash value over time that is tax-deferred.
The cash value of your Prosperity whole life insurance policy can be borrowed against, but it is important to note that this will also decrease the death benefit until it is paid back. Prosperity Life Group also makes 50% of your whole life insurance benefit available to you should you become terminally ill. This can help tremendously if you have a difficult time managing your expenses once you’ve been diagnosed with a serious medical condition.
Prosperity Life’s universal life insurance is different from most universal life insurance policies, but it’s still a type of permanent life insurance. These universal life insurance policies are more geared to people who want to leave a legacy to their heirs. The single premium universal life insurance policy from Prosperity Life Group gives you an opportunity to leave your loved ones a legacy tax-free, which can help them through a difficult time without the added stress of managing taxes.
These universal life insurance policies also allow you to use some of your benefits should you become terminally ill and require additional money. Plus, these policies also feature cash growth opportunities over time tax-free too. So, they may not feature the cheapest premium, but the long-term growth may be worth the added cost.
What is the financial strength rating of Prosperity Life Group?
The Prosperity Life Group has a very strong financial rating from the independent review company A.M. Best. The company’s financial rating is an A-. This is one of the highest scores offered by A.M. Best.
It is important to find companies with strong financial ratings, especially when it comes to life insurance. Companies with a strong financial rating history are more likely to be able to pay your benefits on time and in full. The last thing you want is a company that can’t afford to pay your benefits after you’ve spent years paying your premiums.
What’s the bottom line?
Prosperity life insurance comes in many shapes and sizes. This is good for consumers because there are choices, but this company may not be the best choice for your life insurance needs if you are looking for a more robust term life, whole life, or universal life insurance policy.
Prosperity Life Group does not offer the same types of term life insurance policies that many other major life insurance companies offer. Most companies offer level premiums for the duration of a term life insurance policy, but Prosperity does not.
Prosperity’s universal life insurance is less like other universal policies out there and more like a final estate planning vehicle. Prosperity Life Group is a popular final expense life insurance company because they cater their products and services to an older crowd.
If you’re looking to plan out the final decades and years of your life, Prosperity Life Group is a great choice for you. However, if you’re looking for great term life insurance coverage, there is likely a far better option out there for you.
Curious if Prosperity Life offers what you need? If you want life insurance quotes from top companies in your area, enter your ZIP code below.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Comprehensive Overview of Prosperity Life Insurance and Related Services
Prosperity Life Insurance offers a variety of financial products and services designed to meet the diverse needs of its customers. This overview will delve into the company’s reviews, ratings, and the range of insurance products they offer. We’ll also cover Prosperity’s customer service and related services, providing a detailed look at what to expect when engaging with Prosperity Life Insurance.
Prosperity Life Insurance Reviews and Ratings
When exploring Prosperity Life Insurance Reviews, it’s important to consider feedback from various sources. Prosperity Life Group Reviews offer insights into the experiences of policyholders and can reflect on both customer service and claims handling.
Additionally, reviews and ratings for Prosperity Insurance often highlight the company’s financial strength and reliability. Understanding these aspects can help you gauge the overall satisfaction of customers with Prosperity Group and its offerings, providing a clearer picture of what to expect from their insurance products.
Prosperity Life Insurance Reviews on the BBB
Prosperity Life Insurance has received various reviews on the Better Business Bureau (BBB) platform. Checking these reviews can offer insights into the customer service experience, the handling of claims, and overall satisfaction with the insurance products provided. For the latest reviews and ratings, visit the BBB website and search for Prosperity Life Insurance.
Prosperity Life Insurance Ratings
The ratings of Prosperity Life Insurance reflect the financial strength and reliability of the company. These ratings, provided by independent agencies such as A.M. Best and Standard & Poor’s, help potential customers assess the company’s ability to meet its future financial obligations.
Prosperity Life Insurance Products
When exploring Prosperity Life Insurance products, it’s helpful to look at feedback from various sources. The Prosperity life insurance provider phone number can be used to directly inquire about specific products and services.
Additionally, examining National Life group reviews can provide context, as Prosperity Life Insurance is part of the broader National Life Group family. Legacy Life insurance reviews can also offer insights into how Prosperity’s offerings compare with other legacy and final expense insurance products in the market.
Prosperity Final Expense Insurance
Prosperity final expense insurance is designed to cover end-of-life expenses, ensuring that beneficiaries are not burdened with the costs of a funeral and other related expenses. This product is popular among older individuals looking to secure their legacy.
Prosperity Life Annuity and Prosperity Annuity
Prosperity Life Annuity products offer a range of options for individuals seeking to secure their financial future through regular income streams. Annuities from Prosperity can be customized to fit different retirement planning needs.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Prosperity Health Insurance and Medicare Supplement Plans
Prosperity health insurance offers a variety of plans designed to meet diverse healthcare needs. Among their offerings are Prosperity Medicare Supplement plans, which are designed to cover the gaps left by traditional Medicare.
Additionally, Prosperity for Life provides a comprehensive suite of health insurance solutions tailored for long-term security. With Prosperity claims handling the processing of insurance claims efficiently and Prosperity group benefits catering to group health plans, Prosperity Life Insurance ensures that both individual and group health needs are well-managed and adequately covered.
Prosperity Medicare Supplement
Prosperity Medicare Supplement plans are designed to fill the gaps left by traditional Medicare coverage. These plans help cover additional costs such as copayments, coinsurance, and deductibles.
Prosperity Life Group Medicare Supplement
The Medicare Supplement plans offered by Prosperity Life Group provide similar benefits but may be tailored to specific groups or needs. These plans help in managing out-of-pocket healthcare expenses for Medicare beneficiaries.
Prosperity Life Group Supplemental Health Plan
In addition to Medicare Supplements, Prosperity Life Group offers Supplemental Health Plans to provide additional coverage for various health-related expenses that are not covered by primary health insurance.
Prosperity Insurance Services and Customer Support
Prosperity Insurance Company and Prosperity Insurance Phone Number
For inquiries and support, Prosperity Insurance Company can be reached through their dedicated phone number. This service is crucial for addressing any concerns related to policies, claims, or general customer service.
Prosperity Life Customer Service
Prosperity life customer service is available to assist with policy management, claims processing, and any other customer needs. Effective customer service is a key component in ensuring a positive experience with any insurance provider.
Related Services and Additional Reviews
Prosperity Benefit Services Reviews
Prosperity Benefit Services provides various benefits and insurance solutions. Reviews of these services can give insights into their effectiveness and customer satisfaction.
Prosperity Care Advantage and Prosperity Gap Insurance
Prosperity Care Advantage offers additional health benefits and services to complement existing health insurance coverage. Prosperity gap insurance helps cover the financial gaps between standard health insurance and out-of-pocket expenses.
Prosperity Group Holdings LP
Prosperity Group Holdings LP manages various aspects of the Prosperity Life Insurance business, including investment strategies and financial management. Understanding their role can provide a broader perspective on the company’s operations and stability.
Prosperity Life Insurance and its related services provide a comprehensive range of insurance and financial products. By reviewing Prosperity Life Insurance Reviews, ratings, and understanding the various insurance options and customer service aspects, you can make an informed decision about whether their products align with your needs.
For more information, or to get in touch with Prosperity Life Insurance, use the provided phone numbers and contact options to ensure you have all the details needed to make the best choice for your financial future.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Comprehensive Guide to Prosperity Life Insurance and Related Services
In exploring the offerings of Prosperity Life Insurance, you’ll encounter a range of services including Prosperity Life group insurance, which provides comprehensive coverage options. For those seeking insights into final expense plans, the Prosperity Life New Vista Final Expense Review offers valuable information.
Additionally, if you’re in the Roanoke area, Prosperity Life in Roanoke, VA is available to assist with local insurance needs. Beyond these, understanding the broader scope of the Prosperity of Life Business can give you a clearer picture of the company’s diverse insurance solutions and business operations.
Overview of Prosperity Life Insurance
Prosperity Life Insurance offers a range of insurance products designed to meet various needs. Their services include life insurance, Medicare supplements, and supplemental health plans. Understanding the breadth of their offerings can help you choose the right coverage for your needs.
Prosperity Life Insurance Reviews
When considering Prosperity Life Insurance, it’s important to review their reputation and customer feedback. Here are some key points:
- Prosperity Insurance Reviews: General customer feedback and satisfaction with Prosperity Insurance.
- Prosperity Life Reviews: Reviews specific to Prosperity Life’s range of insurance products.
- Prosperity of Life Reviews: Insights into customer experiences with Prosperity of Life in 2023.
Accessing Prosperity Life Services
To manage your insurance policies and access various services, you’ll need to use the appropriate portals and contact methods:
- Prosperity Life Agent Login: Access the agent portal for managing client information and policies.
- Prosperity Life Insurance Agent Login: Log in to manage your own insurance policies and client information.
- Prosperity Life Group Medicare Supplement Provider Portal: Portal for managing Medicare supplement plans.
- Prosperity Life Insurance Group LLC: Overview of the group and its services.
Customer Service and Contact Information
For assistance with policies or to address any issues, you can use the following contact points:
- Prosperity Life Insurance Customer Service: Contact for general customer support.
- Prosperity Life Group Customer Service: Support specific to the Prosperity Life Group.
- Prosperity Life Insurance Agent Phone Number: Direct contact for your insurance agent.
- Prosperity Life Medicare Supplement Provider Phone Number: Contact for Medicare supplement inquiries.
Prosperity Life Insurance Products
Prosperity Life Insurance offers various products to meet different needs:
- Prosperity Life Medicare Supplement: Supplemental insurance to cover additional Medicare expenses.
- Prosperity Supplemental Health Plan: Plans designed to cover gaps in health insurance.
- Prosperity Supplemental Insurance: Additional insurance options for different needs.
- Prosperity Universal Life Insurance: Flexible life insurance with investment components.
- Prosperity New Vista Final Expense Review: Reviews of the final expense insurance offered by Prosperity Life.
Additional Information
- Prosperity Quote: Obtain a quote for various Prosperity Life Insurance products.
- Prosperity Shield: Coverage options under the Prosperity Shield plan.
- SBLI Prosperity: Information on the collaboration between SBLI and Prosperity.
- Shenandoah Life Insurance Website: For those interested in Shenandoah Life Insurance, which may offer related products.
Prosperity Life Insurance provides a range of insurance products and services. Whether you’re looking for life insurance, Medicare supplements, or supplemental health plans, understanding the available reviews and contact options can help you make informed decisions.
Current Perspectives on Prosperity Life Insurance
When evaluating insurance options, it’s important to consider recent feedback and reviews. Prosperity of Life Reviews 2023 offers up-to-date insights into the company’s performance and customer satisfaction. For a broader view, Prosperity Reviews can provide additional perspectives on their overall service quality. Additionally, Prosperity Life continues to be a key player in the insurance market. If you’re comparing with other providers, Thrivent Medigap Reviews can be a useful resource for assessing alternatives in Medicare supplement plans.
Frequently Asked Questions
Who owns Prosperity Life insurance company?
Prosperity Life Insurance Company is owned by Global Atlantic Financial Group, which acquired Prosperity Life in 2015.
Is Prosperity Life a reputable company?
Yes, Prosperity Life Insurance Company is reputable, backed by its parent company, Global Atlantic Financial Group. It has strong ratings from independent agencies and positive reviews for its customer service and financial stability.
What is Prosperity Group Insurance?
Prosperity Group Insurance is a type of insurance policy offered by Prosperity Group. It provides financial protection and peace of mind to the policyholder’s loved ones in the event of their death.
What types of insurance does Prosperity Group offer?
Prosperity Group offers various types of insurance, including term insurance, whole insurance, and universal insurance.
What is term insurance?
Term insurance is a type of insurance that provides coverage for a specific period, usually 10, 20, or 30 years. If the policyholder passes away during the term, the designated beneficiaries receive a death benefit. However, if the policyholder survives the term, there is no payout.
What is whole insurance?
Whole insurance is a type of permanent insurance that provides coverage for the entire lifetime of the insured person. It offers a death benefit to the beneficiaries and also accumulates cash value over time, which can be borrowed against or withdrawn by the policyholder.
What is universal insurance?
Universal insurance is another type of permanent insurance that offers flexible premiums and death benefit options. It allows policyholders to adjust the amount of coverage and premiums throughout the policy’s lifetime. Universal life insurance also accumulates cash value.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
