If you’ve landed on this page, it’s likely that you’re in the market for a quality burial or final expense life insurance policy and have some questions about Aetna. You may be wondering if Aetna is a good life insurance company if they have a policy that’s right for you, or what the pros and cons of their life insurance offerings are.
At IBUSA, we’re here to help you find the answers you’re looking for. Whether you’re seeking general information about Aetna or want to know more about their subsidiary, American Continental Insurance Company, we’ve got you covered. We understand that choosing the right life insurance policy can be a daunting task, but with our expertise and guidance, we can help you make an informed decision that meets your unique needs and preferences.
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Who is Aetna?
Aetna, a company with over 160 years of experience in the insurance industry, has proven its resilience and longevity. However, it’s important to note that while longevity is a good indicator of stability, it shouldn’t be the only factor to consider when selecting a life insurance policy.
At IBUSA, we have found that Aetna’s subsidiary, American Continental Insurance Company, is one of the best final expense and burial insurance companies in the market. With a focus on providing affordable and customizable policies to meet the unique needs of their clients, American Continental has earned a reputation for excellent customer service and satisfaction.
But ultimately, the best way to determine if Aetna and its subsidiary are the right fit for your life insurance needs is to compare their policies and rates with other companies. This will allow you to evaluate the pros and cons of Aetna’s life insurance offerings and make an informed decision about which policy is the best choice for you.
Aetna Life Insurance Ratings
When you purchase a life insurance policy, one good idea is to check out how the life insurance company is rated by third party rating agencies that do a thorough assessment of the financial health of the company.
Aetna Life Insurance Ratings:
- AM Best: A
- Standard & Poor’s: A-
- Moody’s: A2
- Fitch: A
- Comdex ranking: 77
Just like in school, an A is a solid rating that is reserved for top insurance companies. Aetna has a straight A report card, and that should reassure anyone considering purchasing a policy from Aetna.
American Continental Life Insurance Ratings:
- A.M. Best rating: A
Life Insurance Products Offered by Aetna
Aetna offers final expense insurance, which is underwritten by American Continental Insurance Company.
Aetna’s final expense insurance is available in three different varieties: Level, Modified, and Guaranteed.
Full death benefit available immediately. Available for ages 40-89, with face amounts ranging from $3,000 to $35,000, depending on age.
Full death benefit paid out after two full years. If death occurs in the two year modified period, payout equals premiums paid plus 10%. Available for ages 45-75, with face amounts ranging from $3,000 to $35,000, depending on age.
Death benefit payout equals 40% in year one, 75% in year two, and 100% in year three and onward. Available for ages 45-80, with face amounts ranging from $3,000 to $35,000, depending on age.
Benefits of Aetna
As we mentioned, there are a lot of benefits to purchasing a policy from Aetna. To recap:
- Aetna has a solid history in the insurance industry
- Aetna has excellent ratings
- Aetna offers some great final expense life insurance products
Potential disadvantages of Aetna
Overall, Aetna is a really great life insurance company, so it’s hard for us to write a section about it’s “cons”. The only real con about purchasing a life insurance policy from Aetna is that it means you’re stuck with one life insurance company.
There are dozens of life insurance companies in the United States, and many of them are very, very good. But, whenever you purchase a life insurance policy from one company, you’re turning down another.
What if another life insurance policy is better for you?
Aetna is quite possibly the best life insurance company for you…but it’s also quite possibly not. There very well may be another life insurance company out there that’s much better for you. How do you know? Well, it’s not all that easy for a normal person to know the difference between life insurance companies, and it’s impossible for us to outline them in a simple blog post.
The process of figuring out which life insurance company is best for you is kind of like an algorithm – we have to take a lot of information about your lifestyle, health, age, and so on into consideration. Then, we do some computing and figure out which life insurance company has the most to offer you.
My friend says Aetna is the best—is she/he right?
He or she may be right. Again, buying a life insurance policy is a very personal thing. Aetna may be the best life insurance company for your friend, but not for you. Or Aetna may be the best life insurance company for both you – we simply cannot say until we know more about you.
While Aetna may seem like a reputable and reliable insurance company with a solid reputation, it’s always a good idea to shop around and compare policies before making a decision. Aetna may have a policy that’s perfect for your needs, but there could be other insurance companies out there that offer better coverage or more affordable rates.
When shopping for life insurance, it’s important to consider factors like the amount of coverage you need, the length of the policy, and any additional riders or benefits that may be included. You should also take into account your current health status and any pre-existing medical conditions that could affect your eligibility for coverage.
By shopping around and comparing policies from multiple insurance providers, you can get a better understanding of the different options available to you and make an informed decision about which policy is right for your specific needs and budget. Remember, the key to finding the best life insurance policy is to do your research, compare your options, and choose a policy that offers the right combination of coverage and affordability.