Life Insurance Savings Group is known for selling final expense and term life insurance. But has their track record of providing good coverage been consistent? We checked them out, and many people are left wondering whether or not this company’s plans will actually save them money in the long run!
- Life Insurance Savings Group, Who Are They
- What Are The Plans That Life Insurance Savings Group Offer
- Are they Partnered With United Of Omaha
- Here Are A Couple Of Sore Points That May Hurt
- Mike Ditka Is A PAID Spokesman On Life Insurance Savings Group Commercial
- What Companies Does Life Insurance Savings Group Offer
- What Kind Of Rates Can You Expect At Life Insurance Savings.com
- InsuranceForBurial.com Has So Much More To Offer, Call Us!!
Life Insurance Savings Group, Who Are They
Above all, Life Insurance Savings Group or lifeinsurancesavings com specializes in marketing final expense life insurance for applicants. In addition, they are also a marketing up for one of the largest telesales agencies in the industry. You may have heard of them, SelectQuote.
In fact, yours truly use to be one of their top producing agents before I opened up PinnacleQuote, the mother company of InsuranceForBurial.com. Now I am one of their competitors. Overall, the biggest reason why I left and opened up my own agency was that the client was never put first in these agencies.
It was all about volume and selling policies, that’s it. We will go into more details about them in this article.
What Are The Plans That Life Insurance Savings Group Offer
The first thing I noticed about the website was its lack of detail. The fine print could use some clarification and more information, but at least we were able to extract a few details from what little there is!
The way these burial insurance programs work is very simple. Life Insurance Savings Group offers simplified issue whole life coverage, where the coverage never goes up in price or decreases in value and if approved can get full 100% first-day cash for natural causes of death with minimal health questions asked when applying.
Other facts about this final expense plan include Program availability between ages 45 – 85; there’s no medical examination required to apply; you may qualify for as little as $2k with a maximum of $40k.
Term Life Insurance is a temporary plan that will expire after a specific period of time. Once you reach the termination date, there’s no more coverage for your needs and thus it becomes useless as well as expensive than purchasing whole-life or universal life policies which can last up until maturity depending on what type purchased (e.g., term).
Term plans often end around age 80 or even before if one lives longer! With the term coverage lacking specifics, it’s entirely unknown when and if premiums rise over time.
This can be a big problem for anyone who is on a fixed income- what if your premium rises beyond your budget?
With no answers from them in regards to their policy details or how much they will change each year without notice–it’s not surprising many clients drop this product after just one unexpected increase happens during its lifetime!
If you want to check into one of our top carriers for transparency, check out our articles on carriers RNA and AMAM.
Are they Partnered With United Of Omaha
The company’s website says that its policies are issued by United of Omaha, a well-known insurance provider. This is an example of one such product as it contains some benefits not found in other types of coverage plans offered through mutual companies like this one!
Here Are A Couple Of Sore Points That May Hurt
I don’t know about you, but I’m always on the lookout for a good deal. And when an offer seems too good to be true…well it usually is!
It sounds like this company has got something special up its sleeve because they keep talking as though your acceptance of their service (whatever that may be) would never change.
In fact, guaranteed acceptance and all that jazz–but let’s take a closer look, shall we?
A huge red flag went off in my head right away because All guaranteed acceptance plans have a two-year waiting period. Like Colonial Penn. If you die during this time, they will not pay out any death benefits to your beneficiaries!
If you’re looking for final expense insurance, it’s important to get a no-waiting period policy as soon as possible. You see, we only offer these policies to clients that have severe pre-existing conditions or are sick with active cancer or dementia.
In fact, the sooner your beneficiary gets their money from this type of coverage package and can use those funds without any waiting periods or commission fees attached that will take them ages before they even see a penny!
A company that doesn’t satisfy the requirements to be trusted? Life Insurance Savings Group is not what you should expect from an insurance provider.
Do they offer basic information like their address or costs of policies? Sadly, this shady organization does not allow any transparency in its business practices at all – with no site available outside http://www.lifeinsurancesavings .com/ which can quickly turn away customers who are seeking answers about rates and plans before purchase (not even through email!).
Mike Ditka Is A PAID Spokesman On Life Insurance Savings Group Commercial
You’ve probably seen the Life Insurance Savings Group’s well-known endorser, former Chicago Bears football coach Mike Ditka promoting their benefits. He is known for his strong message and inspiring words that can be found in commercials or when talking about endurances with friends at parties!
Be sure to pay attention to the commercial next time you see it. It is laden with misrepresentations. In fact, use the pause button and read the fine print!! You’re Welcome in advance!!
What Companies Does Life Insurance Savings Group Offer
The website of the insurance company is full of logos from other companies. And if their ad isn’t enough to let you know they represent Mutual Omaha, then perhaps these logos will do it for them!
Globe Life Insurance. AIG, Trustage, and Americo might be other companies with these practices but we can’t know for sure because their website lacks transparency!
What Kind Of Rates Can You Expect At Life Insurance Savings.com
Life Insurance Savings is a well-known site that offers life insurance quotes. Unfortunately, they don’t show their prices upfront and you need to contact one of their sales representatives for information about getting coverage at all!
It’s misleading because the price of final expense insurance is usually not found on a website.
Makes sense, right? (SARCASM)
Most people think they are going to see an actual quote from their provider when in reality it’s only extracted through commercial advertisements or other channels outside of what you would find with Google search results for “final expense policy prices.”
I’ve never met a bait that didn’t smell fishy. I mean, come on! The truth is that their commercials are all false advertising and you’re just supposed to pick up the phone because they dangle this seemingly low price in front of us which gets our attention.
So proceed with caution when looking at what exactly that plan entails.
InsuranceForBurial.com Has So Much More To Offer, Call Us!!
Life Insurance Savings Group is a company that we would never recommend for final expense insurance. They are highly secretive about who they represent and what plans come with the purchase, as well as how much those policies cost because their website doesn’t provide any information on this front whatsoever!
I don’t know about you, but I’m not going to do business with any company that operates like this. We’ve been around the block a few times. In fact, we have more experience than any other company out there and can help you get through your final expense insurance needs in no time!
Here are three main reasons to come to us:
- Our customers are so happy with us that they Rate Us! We have a 4.9/5-star which is “Excellent” with online shoppers who were satisfied after dealing with our company. Below is just a sampling of what people had to say about theirs:
- We’re so transparent, we post our prices online. You can see what you’ll pay in advance and there aren’t any hidden fees or surprises when the time comes for payment!
- We have a team that will work hard to find the best insurance company for you. We can typically get immediate coverage, and because we represent over 15 different companies in our network there’s always one who’ll approve!
We think that Life Insurance Savings Group is a bad choice for final expense insurance. The company operates in secrecy, and we believe this means they’re hiding something from you.
They won’t tell you who their insurance providers are or what the plans they offer entail – which makes it hard to get any kind of information about them at all. If you want an honest broker with plenty of transparency, then give us a call today!
You can get started by filling out our form on this page to the right.