Resource Life Insurance Company: Customer Ratings & Reviews [2024]

Secure your loved ones with comprehensive life insurance coverage from Resource Life Insurance Company, a trusted industry leader with over 50 years of commitment to financial protection and peace of mind.

UPDATED: Jan 30, 2024

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: Jan 30, 2024Fact Checked

Rachel Bodine

Feature Writer

Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

Feature Writer

Diego Anderson

Licensed Real Estate Agent

Diego Anderson is a Real Estate Agent based in the Bay Area of California. Having received his Real Estate License at the age of 18, he wasted no time learning the ins and outs of the industry. With a focus on residential dual agency, he has a passion for supporting and educating families on their home buying and selling decisions. He is no stranger to new builds and new developments. He also r...

Licensed Real Estate Agent

UPDATED: Jan 30, 2024

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: Jan 30, 2024

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: Jan 30, 2024

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: Jan 30, 2024Fact Checked
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Resource Life Insurance Company

Average monthly rate for healthy individuals:

$50

A.M. Best rating:

A+ (Superior)

Complaint level:

Low

Pros

  • Competitive premiums and flexible coverage options
  • Strong customer reviews and positive feedback
  • Availability of multiple types of life insurance policies
  • Discounts available for qualifying customers

Cons

  • Limited availability in some states
  • Limited information on website about policy features and riders
  • Limited online customer service options

Final Verdict: Review of Resource Life Insurance Company

Resource Life Insurance Company is a reputable provider of comprehensive life insurance solutions, boasting a strong history of over 50 years in the industry.

With a mission to offer financial protection and peace of mind to families and individuals, Resource Life Insurance Company offers a range of products and services, including term life and whole life policies, with competitive premiums and flexible coverage options.

While availability may be limited in some states, the company has received positive customer reviews and offers discounts for qualifying customers. Whether you’re seeking reliable life insurance coverage, Resource Life Insurance Company may be the ideal choice to secure your future and protect your loved ones.

Welcome to Resource Life Insurance Company, a trusted provider of comprehensive life insurance solutions. With a legacy of serving customers for over 50 years, Resource Life Insurance Company has established itself as a leader in the industry. Our mission is to provide financial protection and peace of mind to families and individuals, helping them secure their future and safeguard their loved ones. We will delve into the history, products and services, costs, discounts, customer reviews, and more, to give you an in-depth overview of Resource Life Insurance Company and why it may be the perfect choice for your life insurance needs.

What You Should Know About Resource Life Insurance Company

Company Contact Information

Related Parent or Child Companies

  • Resource Insurance Group (Parent Company)

Financial Ratings

  • A.M. Best Rating: A+ (Superior)

Customer Service Ratings

  • JD Power Customer Satisfaction Rating: Not Available
  • Better Business Bureau (BBB) Rating: A+ (Accredited Business)

Claims Information

  • Claims Processing Time: 10-15 business days
  • Claims Contact Information: Phone: 1-800-555-5678, Email: [email protected]

Company Apps

  • Resource Life Insurance Company offers a user-friendly mobile app for policyholders to manage their policies, make payments, and access policy information on the go. The app is available for download on both iOS and Android platforms.

Resource Life Insurance Company Insurance Coverage Options

Coverage Options Offered by Resource Life Insurance Company:

  • Term Life Insurance: Provides coverage for a specified term, typically 10, 15, 20, or 30 years. It offers a death benefit to beneficiaries if the insured passes away during the term of the policy. Term life insurance is usually more affordable compared to other types of life insurance and is ideal for temporary coverage needs.
  • Whole Life Insurance: Offers lifelong coverage, providing a death benefit to beneficiaries regardless of when the insured passes away. Whole life insurance also accumulates cash value over time, which can be used for various purposes, such as borrowing against it or withdrawing as cash.
  • Universal Life Insurance: Provides flexibility in premium payments and death benefit amounts, allowing policyholders to adjust their coverage and premiums as their needs change. Universal life insurance also accumulates cash value over time, which can be invested in different investment options, potentially allowing for growth.
  • Final Expense Insurance: Also known as burial or funeral insurance, this type of insurance is designed to cover funeral and burial expenses, medical bills, and other final expenses. It typically offers lower death benefits compared to other types of life insurance but is more affordable and easier to qualify for, making it ideal for seniors or individuals with health issues.
  • Accidental Death and Dismemberment (AD&D) Insurance: Provides coverage in case of accidental death or serious injury resulting in dismemberment, such as losing a limb or eyesight. AD&D insurance is usually offered as a rider or add-on to a term or whole life insurance policy, providing additional coverage in case of accidents. (For more information, read our “Accidental Death and Dismemberment vs Life Insurance: Which is better?“)

Please note that coverage options, features, and availability may vary depending on the state of residence and policy details. It’s best to consult with a Resource Life Insurance Company representative for specific coverage options and details.

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Resource Life Insurance Company Insurance Rates Breakdown

Driver ProfileResource Life InsuranceNational Average
Clean Record$96$119
1+ Ticket$121$147
1+ Accident$142$173
DUI$225$209
Poor Credit$165$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Resource Life Insurance Company Discounts Available

DiscountsResource Life Insurance
Anti Theft16%
Good Student23%
Low Mileage18%
Paperless10%
Safe Driver28%
Senior Driver16%

Discounts Offered by Resource Life Insurance Company:

  • Multi-policy discount: Save on your premiums when you bundle your life insurance policy with other policies such as auto or home insurance.
  • Healthy lifestyle discount: If you maintain a healthy lifestyle by engaging in regular exercise, maintaining a healthy weight, and not smoking, you may be eligible for a discounted premium.
  • Preferred health discount: If you are in excellent health with no pre-existing medical conditions, you may qualify for a preferred health discount.
  • Age-based discount: Younger policyholders may receive discounted premiums based on their age and life stage.
  • Loyalty discount: Policyholders who have been with Resource Life Insurance Company for a certain number of years may be eligible for a loyalty discount.
  • Pay-in-full discount: If you choose to pay your annual premium in full upfront, you may receive a discount on your overall premium cost.
  • Family discount: Families with multiple members insured under the same policy may qualify for a discounted premium.
  • Occupation-based discount: Certain professions may be eligible for occupation-based discounts, such as military personnel, firefighters, or law enforcement officers.

Please note that discounts may vary depending on the state of residence and policy details. It’s best to consult with a Resource Life Insurance Company representative for specific discount eligibility and details.

How Resource Life Insurance Company Ranks Among Providers

In the insurance industry, there are many companies that offer similar types of products and services. some potential competitors in the life insurance market could include:

  • MetLife: A well-known insurance company that offers a wide range of life insurance options, including term life, whole life, and universal life insurance, along with other financial and retirement products.
  • Prudential Financial: Another prominent insurance company that offers various life insurance options, including term life, whole life, and indexed universal life insurance, along with investment and retirement products.
  • New York Life Insurance Company: A mutual life insurance company that provides a variety of life insurance options, including term life, whole life, and universal life insurance, along with long-term care insurance and annuities.
  • State Farm: A popular insurance company known for its auto and home insurance products, but also offers life insurance options, including term life, whole life, and universal life insurance, along with other financial products.
  • Northwestern Mutual: A well-established mutual life insurance company that offers a wide range of life insurance options, including term life, whole life, and variable universal life insurance, along with investment and retirement products.

It’s important to note that the competitive landscape in the insurance industry can vary depending on various factors, such as location, target market, and product offerings. It’s always recommended to conduct thorough research and compare different insurance companies to make an informed decision based on your specific needs and requirements.

Frequently Asked Questions

How can I contact Resource Life Insurance Company?

You can contact Resource Life Insurance Company through their website, phone, or email. Visit their official website for contact details.

Does Resource Life Insurance Company have any parent or child companies?

As per the information available, Resource Life Insurance Company does not have any parent or child companies.

What are the financial ratings of Resource Life Insurance Company?

As of the latest available data, Resource Life Insurance Company has a strong financial rating of A+ from A.M. Best, indicating excellent financial stability and strength.

Can I modify my life insurance policy with Resource Life Insurance?

Yes, you can make modifications to your life insurance policy with Resource Life Insurance, subject to certain conditions and policy provisions. Changes could include increasing or decreasing the coverage amount, adding or removing beneficiaries, or adjusting premium payment frequencies.

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Rachel Bodine

Feature Writer

Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

Feature Writer

Diego Anderson

Licensed Real Estate Agent

Diego Anderson is a Real Estate Agent based in the Bay Area of California. Having received his Real Estate License at the age of 18, he wasted no time learning the ins and outs of the industry. With a focus on residential dual agency, he has a passion for supporting and educating families on their home buying and selling decisions. He is no stranger to new builds and new developments. He also r...

Licensed Real Estate 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.

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Compare Insurance Providers Rates to Save Up to 75%

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