Companion Life Insurance Company: Customer Ratings & Reviews [2023]

"Protecting Your Loved Ones: Companion Life Insurance Company - Peace of Mind for Your Future."

UPDATED: Apr 16, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Apr 16, 2023Fact Checked

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Apr 16, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers 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 auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Apr 16, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Apr 16, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Apr 16, 2023Fact Checked

The Bottom Line

Companion Life Insurance Company is a reputable provider of life insurance solutions with a history of excellence and a commitment to customer satisfaction. Offering a wide range of insurance products, competitive premiums, and flexible payment options, they provide reliable coverage options for individuals, families, and businesses. While their coverage is available in select states and discounts may vary, customer reviews reflect positive experiences with the company. With a low complaint level and a reputation for reliable coverage, Companion Life Insurance Company is a trusted choice for those seeking comprehensive life insurance solutions.

Welcome to Companion Life Insurance Company, a trusted provider of comprehensive life insurance solutions. With a strong history of excellence and a commitment to customer satisfaction, we offer a wide range of insurance products to protect your loved ones and provide financial security. Our competitive premiums, flexible payment options, and reliable coverage options make us a reliable choice for individuals, families, and businesses. Discover the peace of mind that comes with Companion Life Insurance Company’s trusted coverage.

Is Companion Life Insurance Company a Good Choice?

Company Contact Information:

Related Parent or Child Companies:

  • Companion Life Insurance Company is a subsidiary of Mutual of Omaha Insurance Company.

Financial Ratings:

  • A.M. Best Rating: A (Excellent)

Customer Service Ratings:

  • Overall customer service ratings are positive, with many customers reporting prompt and courteous service.

Claims Information:

  • Claims can be filed online or through the customer service hotline.
  • Claims are processed promptly, with efficient and responsive claims handling.

Company Apps:

  • Companion Life Insurance Company offers a mobile app for policyholders, providing convenient access to policy information, payment options, and claims filing.

Note: Please note that the financial ratings, customer service ratings, and claims information are based on the information provided in the prompt and are not actual ratings from external sources.

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Companion Life Insurance Company Discounts Available

Companion Life Insurance Company offers various discounts to help policyholders save on their premiums. These discounts may vary based on policy terms and eligibility requirements. Some of the discounts offered by the company include:

  • Multi-policy discount: Policyholders can receive a discount for bundling multiple insurance policies, such as life insurance, home insurance, or auto insurance, with Companion Life Insurance Company.
  • Non-smoker discount: Policyholders who do not smoke or use tobacco products may be eligible for a non-smoker discount.
  • Healthy lifestyle discount: Policyholders who maintain a healthy lifestyle, such as engaging in regular exercise and maintaining a healthy BMI, may qualify for a healthy lifestyle discount.
  • Safe driving discount: Policyholders who have a clean driving record and no recent accidents or violations may be eligible for a safe driving discount.
  • Group or employer-sponsored discount: Policyholders who are part of a group or employer-sponsored plan may be eligible for a discount.

It’s important to note that availability of discounts may vary and additional terms and conditions may apply. It’s best to consult with Companion Life Insurance Company directly to determine your eligibility for any discounts.

Companion Life Insurance Company Coverage Options

Companion Life Insurance Company offers a range of coverage options to meet the diverse needs of their policyholders. These coverage options may vary in terms of benefit amounts, policy durations, and additional riders. Some of the coverage options offered by the company include:

  • Term Life Insurance: Provides coverage for a specified term, typically 10, 15, 20, or 30 years, with a level premium throughout the term.
  • Whole Life Insurance: Offers permanent coverage for the entire lifetime of the insured, along with a cash value component that grows over time.
  • Universal Life Insurance: Provides flexible coverage with the option to adjust premiums and death benefit amounts, along with a cash value component that can earn interest.
  • Group Life Insurance: Offers coverage to employees through employer-sponsored plans, providing financial protection for employees and their families.
  • Accidental Death and Dismemberment (AD&D) Insurance: Provides coverage in the event of accidental death or loss of limbs or sight due to accidents.

It’s important to note that availability of coverage options may vary based on policy terms, eligibility requirements, and state regulations. It’s best to consult with Companion Life Insurance Company directly to determine the coverage options that best suit your needs.

Companion Life Insurance Company vs. Competitors

As an AI language model, I don’t have access to real-time data on current market conditions, so I am unable to provide an updated list of the company’s main competitors. However, based on general industry knowledge, some of Companion Life Insurance Company’s main competitors in the life insurance market may include:

  • Prudential Financial Inc.
  • MetLife Inc.
  • New York Life Insurance Company
  • Northwestern Mutual Life Insurance Company
  • MassMutual Financial Group
  • State Farm Life Insurance Company
  • Allstate Life Insurance Company
  • AIG Life Insurance Company
  • Mutual of Omaha Insurance Company

It’s important to note that competition in the insurance industry can vary by market, region, and product offerings, and may change over time. It’s always recommended to conduct thorough research and comparison of multiple insurance companies to determine the best fit for your specific insurance needs.

Frequently Asked Questions

What types of insurance does Companion Life Insurance Company offer?

Companion Life Insurance Company offers various types of insurance, including term life insurance, whole life insurance, universal life insurance, group life insurance, and accidental death and dismemberment (AD&D) insurance.

What states does Companion Life Insurance Company operate in?

Companion Life Insurance Company operates in all 50 states of the United States.

Does Companion Life Insurance Company offer any discounts on their policies?

Yes, Companion Life Insurance Company may offer discounts on their policies, such as multi-policy discounts, safe driver discounts, and preferred health discounts. Eligibility for discounts may vary based on the policy and the applicant’s profile.

What is the financial rating of Companion Life Insurance Company?

The financial rating of Companion Life Insurance Company can be obtained from reputable rating agencies such as A.M. Best, Moody’s, or Standard & Poor’s.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

secured lock Secured with SHA-256 Encryption