Vantis Life Insurance Review
Life insurance is used to ensure that loved ones will be financially secure in case the unexpected happens. Proceeds from a life insurance policy can be used to pay off the mortgage, funeral expenses, or income replacement for your family.
Before committing to a life insurance plan, it’s important to make sure you have the right amount of coverage, the best plan that fits you, and most importantly a strong reputable life insurance company.
In this blog we are going to review Vantis Life Insurance Company, their products, and financial strength.
History of Vantis Life Insurance Company
Vantis Life Insurance Company was formed in 1942 with a mission to offer life insurance coverage at an affordable rate. They offer their products direct to consumers, as well as through financial institutions.
Vantis Life Insurance prides itself in that they offer superior customer service to there clients. For over 75 years they have focused on protecting middle class households.
In 2016, Vantis Life Insurance Company and Penn Mutual merged to provide a broader reach with direct to consumer marketing. This merger introduced alot of households to Vantis Life Insurance.
Vantis Life and Penn Mutual each retained their respective brands despite the merger. Windsor, Connecticut is where Vantis Life Insurance Company home office is located.
Vantis Life Insurance Ratings
While Vantis Life Insurance Company is not one of the big boys in the life insurance industry, they are well respected. They have stayed focused for the past 75 years to provide affordable coverage.
Vantis Life Insurance Company does have a large distribution footprint. They have agreements with over 150 banks and credit unions in 45 states and more than 10,000 branches nationwide.
Vantis Life has strong financial outlook and has earned the highest ratings from the insurer rating agencies. They boast an “A+” rating with A.M. Best Company.
The Better Business Bureau or BBB also gave Vantis Life Insurance Company its top grade of “A+”. In the last three years, Vantis Life Insurance Company has closed out no complaints filed with the BBB.
Vantis Life Insurance Products Offered
Velocity Term Life Insurance
Velocity Term Life got its name from the innovative real time underwriting process done by Vantis Life Insurance. Applications are reviewed and decisions are usually made with 2-3 business days.
Velocity Term Life is a level term with a level premium for either 10, 15, 20, 25, or 30 years. The Velocity is also fully convertible up to age 65 to one of there permanent policies.
The only rider offered is the waiver of premium, which allows for your premium to be paid if you become disabled.
Velocity Term Insurance With Return Of Premium
This product is exactly the same as Velocity Term with the exception that if you live to the end your term period, you receive a full refund of all premiums paid in tax-free.
Guaranteed Golden Final Expense
The Guaranteed Golden Final Expense life insurance offered by Vantis Life is used to cover things like funeral costs, medical expenses, or credit card debt.
Issue ages are from 50-80 years old with face amounts up to $20,000. Premiums are guaranteed to never increase and coverage will never decrease. These Guaranteed Golden does build up cash value over time.
Benefits that are included are:
- Lifetime Coverage (Limited Benefit first 2 years)
- Guaranteed Acceptance
- No Exam
- 30 Days to Review Policy
- Easy Payment Options
EstateWise Platinum
The EstateWise Platinum is Vantis Life single premium whole life insurance policy. It’s a one time payment that can create a guaranteed method for passing along tax free money to loved ones.
The EstateWise Platinum is a great choice to provide a simple tax free estate to your heirs. A single payment immediately buys a guaranteed death benefit to age 120.
EstateWise Platinum not only provides the guaranteed death benefit, but also many add-ons at no additional cost.
They include:
- Return of Premium Guarantee
- Tax Deferred Cash Value
- Low Cost Policy Loans
- Chronic Illness Rider
- Critical Illness Rider
- Terminal Illness Rider
These policies also come with a Charitable Giving Rider which provides an additional death benefit of 1% to a charity of your choice and is paid by Vantis Life.
Vantis Life Insurance Annuity Products
Vantis Life offers three different annuity products:
- TaxSaver Freedom I
- TaxSaver Freedom II
- TaxSaver Freedom III
They are all multi-year rate guarantee products with tax deferred accumulation. If you are looking for a guaranteed rate that is higher than the bank CD’s, then look no further.
Our Thoughts
Vantis Life Insurance Company is a strong financial company with a variety of products to offer its consumers. They offer no-exam life insurance which is perfect for some consumers looking to get coverage quickly.
Before purchasing from any life insurance company, you should make sure you are working with the best company that fits your needs.
Having an agent guide you is always recommended. At EasyQuotes4You, we do the shopping and know what each life insurance company niches are. If you have any questions or need a quote, give us a call or use one of our instant quoters.
