While Prosperity is a top contender on many final expense insurance company lists (including ours), it is important to note that every individual has different needs and preferences when it comes to their insurance provider. Before making a decision, it’s crucial to research and understand more about the company to determine whether it’s the right fit for you.

This is why in this article, we’ll be taking a closer look at Prosperity, one of the top providers in the industry. By exploring who Prosperity is and what they offer, we hope to provide you with a clearer understanding of whether it might be the right choice for you. Whether you’re seeking affordable pricing, flexible coverage options, or responsive customer service, we’ll dive into the key factors that may influence your decision and help you make an informed choice.

Prosperity Life Insurance Ratings

A.M. Best Company is a leading third-party ratings agency that assesses the financial stability of insurance companies. A high rating from A.M. Best indicates that an insurance company is financially strong and capable of fulfilling its current and future obligations to policyholders.

Currently, Prosperity Life Insurance Group holds an A- rating from A.M. Best, which is considered Excellent. This rating is the 4th highest out of the 15 grades offered by A.M. Best. As such, it suggests that Prosperity is a financially stable and secure insurance provider that has the resources to meet its financial obligations to policyholders.

Prosperity Life Insurance Policies

Prosperity Life Insurance Group offers a wide variety of niche insurance products, including:

• Fixed Index Annuities
• Single Premium Annuities
• Medicare Supplements
• Term Life Insurance
• Whole Life Insurance
• Universal Life Insurance

Prosperity Final Expense Insurance

Prosperity offers a final expense whole life insurance policy.

Whole life insurance provides certain benefits and features, such as

• fixed premiums for the duration of your life,
• a fixed death benefit, and
• cash value growth.

The policy is no exam life insurance. All you need to do is answer a few questions. How you answer the questions will determine which of the three different plans you may qualify for.

The three different plans include-

• Level Benefit
• Graded Benefit
• Modified Benefit

Level Plan: Death benefit full face amount from day one of the policy.

Graded Plan: During the first year of coverage, the full face amount is paid for accidental death. For natural causes, the death benefit is equal to 30% of the face amount.

During the second year of coverage, the death benefit is equal to 70% of the face amount.

In year three and onward, the death benefit is equal to the full face amount.

Modified Plan: During the first year of coverage, the full face amount is paid for accidental death. For natural causes, the death benefit is equal to 110% of the annual premium.

During the second year of coverage, the death benefit is equal to 231% of the annual premium.

In year three and onward, the death benefit is equal to the full face amount.

Issue ages range from 50-80, based on the plan, with certain modified and graded plans having an age limit of 75.

Coverage Amounts Available: $1,500 to $35,000

Rider: Accelerated Death Benefit allows access to up to 50% of the death benefit if diagnosed with a terminal illness. (Not available in all states)

About Prosperity Life Insurance Group

Prosperity Life Group is a marketing name for a range of products and services offered by one or more of the member companies of Prosperity Life Insurance Group, LLC, which includes SBLI USA Life Insurance Company, Inc., S.USA Life Insurance Company, Inc., and Shenandoah Life Insurance Company.

As of 2019, Prosperity had $2.7 billion in assets, demonstrating its financial stability and ability to provide reliable coverage to policyholders. With over $13 billion of life insurance in force, Prosperity has a proven track record of delivering comprehensive and effective coverage solutions to its customers.

Whether you’re seeking term life insurance, whole life insurance, or final expense coverage, Prosperity’s diverse range of products may offer the right fit for your unique needs and goals.

Final thoughts…

While Prosperity Life Insurance Group is a financially stable and reputable insurance provider, it’s important to remember that every individual’s insurance needs and preferences are different. While Prosperity may offer policies that meet your specific needs, you won’t know for sure until you shop around and compare your options.

By researching and comparing policies from multiple insurers, you can find the policy that offers the best coverage and value for your unique situation. Shopping around can help you uncover policy features and benefits that are most important to you, such as affordable premiums, flexible payment options, and comprehensive coverage.

Additionally, while financial stability is an important factor when choosing an insurance provider, it’s not the only consideration. You may want to evaluate the quality of customer service, the policy application process, and the overall reputation of an insurance company before making your final decision.

In summary, while Prosperity Life Insurance Group may have a policy that fits your needs, it’s crucial to shop around and compare options to ensure that you’re making the most informed decision possible. By taking the time to evaluate different insurers and policies, you can feel confident that you’re selecting the coverage that provides the best protection for you and your loved ones.