You’ve probably found your way to this page because you are looking to buy a quality burial or final expense life insurance policy and you have a few questions: Is Aetna a good life insurance company? Does Aetna have a life insurance policy for me? What are the pros and cons of Aetna life insurance?
You may be looking for answers to these questions, or simply desire more information about Aetna, and its subsidiary, American Continental Insurance Company. Either way, IBUSA is here to help you.
Who is Aetna?
Aetna is an insurance company that’s been around for quite some time – more than 160 years to be precise!
An insurance company that’s survived for so long is probably a safe bet, but longevity shouldn’t be the only thing to persuade you to consider Aetna for a life insurance policy.
At IBUSA, Aetna’s subsidiary, American Continental, is one of our favorite final expense and burial insurance companies.
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
Cons 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.