Life Insurance

Aetna Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 4 minute read

Employer-provided life insurance via Aetna life insurance should be fully utilized. Given that your employer is required to fund at least half of your insurance costs, this is the insurer’s most cost-effective choice for the great majority of policyholders. Aetna, on the other hand, does not allow you to customize your child’s insurance coverage. For additional information, here’s a Aetna Life Insurance Review.

Pros and Cons of Aetna

Pros

Aetna Life Insurance Review - Aetna Life Insurance Logo
  • Plans protect you and any dependents you may have.
  • This implies that your business will bear 50% of the expenditures.
  • Aetna is a well-known insurance firm in the market.
  • It’s readily transportable in the event that your employment route changes in the future.

Cons

  • Plans do not allow you to customize your experience as much as you would want.
  • In this instance, there is no such thing as a core service provided by a group health plan.

Aetna life insurance rates

Your employer may have more information on Aetna’s spending. Please keep in mind that your insurance rate is determined by a variety of criteria, including your age and gender, your health condition, your geographic region, and your way of life.

According to Aetna, employers are required to contribute at least half of the cost of employee-only insurance, or $75,000 in the event of employee-only coverage. As a result, you will qualify for a low-interest loan.

How to get a quote from Aetna life insurance

Due to the fact that Aetna only sells insurance via companies, it is critical that you interact with your employer.

What types of life insurance coverage does Aetna offer?

Aetna uses the phrase “group life insurance” to refer to the way you’ve picked a policy type for your company’s employees as well. Aetna, for instance, may provide the following service to your business, using your business as an example:

  • Basic Group Life Insurance. It protects your dependents, such as your husband and children, financially in the event of your death or disability. In other instances, depending on the nature of your business, the benefit may be valued up to one or two times your annual pay, with your employer covering all monthly expenditures.
  • Group life insurance is an optional benefit. Include this coverage in your primary insurance to maximize your benefit and, if desired, expand coverage to include you and your family members. Monthly premiums are necessary, and prices may increase as you age.

If you lose your job, you can convert your group whole life insurance policy to an individual whole life insurance policy. A long-term care insurance policy is one that may be renewed at any time throughout its term.

What riders can I add to my policy?

Aetna offers a variety of riders to meet your specific needs, including the following:

  • Riders gain from accelerated death. When you are diagnosed with a terminal illness, a clause in your life insurance policy kicks in, and a portion of your death benefit is given to the beneficiary.
  • Accidental death insurance is a supplemental policy. If you are killed in a vehicle accident, this optional benefit provides an additional benefit to your family.
  • The conversion procedure’s rider. You will be able to change your term life insurance policy to permanent coverage as long as this add-on is in force.
  • Rider is wheeled for maneuverability. If you move employment, you may maintain your Aetna group life insurance coverage if you safeguard it with this rider.
  • By accepting this rate, the passenger voluntarily waives his or her entitlement to a higher fare. If you become disabled as a consequence of the accident and are unable to work as a result of the accident, this rider will waive your premiums.

Aetna life insurance reviews and complaints

Regardless of whether the BBB recognizes it, a high rating indicates stability and a favorable position with the government. Consumers have claimed that Aetna has been slow to respond, earning the firm an unsatisfactory star rating.

About Aetna

Aetna is well-established in the United States, with its headquarters in Hartford, Connecticut, the city in which the firm was formed. Mount Etna is the name of a still-active volcano off the coast of Sicily. It was founded in 1850 as an annuity fund and has been in operation ever since.

Aetna’s primary offering, healthcare, covers more than 23.5 million individuals in 19 states throughout the United States. When CVS Health was acquired in 2018, the firm stated its intention to build “a community-based, open health care paradigm”. At the time of this writing, it is rated 43rd on the Fortune 500 list.

How does Aetna protect my data?

Your personal information will not be shared with other parties for marketing purposes, and Aetna’s regulations require that all correspondence be password-protected. This implies that Aetna will use your information solely for internal purposes, such as processing transactions and maintaining membership statistics.

Due to the fact that it complies with federal security regulations, no one else will be able to access your data without your specific consent, unless you permit it. While on the website, your data is safeguarded by a valid security certificate; nonetheless, cookies are used to track your navigation across the site. Aetna has committed to using the fewest possible Social Security numbers.

Aetna Life Insurance Claim

To check the status of your claim or to initiate one, call 800-523-5065 between the hours of 8 a.m. and 7 p.m. ET, seven days a week.

Depending on the circumstances, the insured’s employer may potentially initiate the claim.

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