Life Insurance

Securian 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 5 minute read

Our Securian Financial Life Insurance Review may be able to assist you in resolving some of your concerns and questions about Securian Financial Life Insurance.

Securian Financial Life Insurance allows you to access your account information online, and the company’s policies are compatible with expectations. Even if your life insurance policy does not have a web-based application, your beneficiaries may still get the death benefit. It has been in business for 140 years and over that time has collected an astounding amount of talent and knowledge. On the other hand, Securian’s BBB and JD Power business ratings are much lower than those of its competitors.

Securian Financial life insurance rates

Securian Life Insurance Review - Securian Life Insurance Logo

The cost of insurance for your home or company is decided by the amount of Securian insurance you require and the type of coverage you select. While term life insurance premiums are frequently between $50 and $150 per month, whole life insurance premiums are typically between $250 and $1,000 per month.

What affects my rate with Securian Financial

The following factors affect the cost of life insurance:

  • Age
  • Health in general
  • The use of tobacco and alcohol
  • Work and pastimes
  • Policy type and entrants
  • Amount of protection

How do I get a quote for Securian Financial life insurance?

Purchase life insurance to match your needs online, over the phone, or with the assistance of a financial professional.

To become a member, please complete the steps mentioned below:

  1. On the Securian home page, navigate to Products & Services and then click on the insurance policy you’re interested in knowing more about.
  2. Alternatively, you may contact 877-491-5271 and speak with a representative.
  3. Personal information such as your name, age, country of residence, and preferred means of communication must be provided.
  4. You may submit any questions you may have by clicking the Send button at the bottom of the form.
  5. If you’d like to learn more about your options, contact an insurance representative.
  6. After all documentation is completed and the final payment is received, you will be able to begin your insurance coverage.

What types of life insurance coverage does Securian Financial offer?

Securian Financial offers a broad range of insurance products to meet the needs and lifestyles of individuals from all walks of life. The following are just a few instances of how this may occur:

  • Term life. These limits must be in place for a period of at least ten years and no more than thirty years. After the term period of a term insurance policy has expired, it is possible to convert it to permanent life insurance through Securian.
  • As a group member, you have a limited life. Businesses might provide group term insurance to their workers as a reward or as part of a cost-sharing arrangement to promote participation.
  • Your entire existence is on the line. Long-term life insurance policies can be structured in a variety of ways, including those that include investment growth in addition to death benefit protection and burial benefits. This ensures that the value of your assets continues to grow at a steady rate year after year.
  • Universal. Investing in a long-term life insurance policy earns a better rate of return while also allowing you to tailor your coverage as your needs vary over time. There are three types of universal policy: fixed, indexing, and variable.

What riders can I add to my policy?

When you acquire Securian insurance, you have the option of adding additional coverages.

  • Death benefit accrues at a faster pace. Your insurance provider may let you use a portion of your death benefit to cover the expenses associated with long-term or terminal diseases. Spending money now depletes the funds available for distribution when your estate is eventually allocated.
  • A rider under the age of 18 is not permitted to participate. This plan includes a death benefit, which eliminates the need for additional insurance coverage in the event of your child’s death.
  • Insurance that is guaranteed to last the remainder of your natural life. If you become incapacitated and unable to care for yourself, certain insurance policies will pay for your care at home or at a nursing facility, depending on your circumstances.
  • A group of bikers that are riding in unison. This comprehensive insurance coverage, which removes the need for a separate policy, offers a death benefit in the event of your spouse’s untimely death.
  • The passenger agrees to pay a fare that is less than what was first anticipated. Your insurance premiums are waived if you become disabled, get ill, or sustain a catastrophic injury.

Despite the fact that Securian does not expressly publish them on its website, the following rider choices are available to a large number of firms:

  • Spouse. Certain plans enable you to add your spouse as an additional insured, but there is a premium.
  • Dependent. You may be able to acquire coverage for dependents who are under your supervision, such as children, disabled individuals, or elderly parents, depending on your insurance plan.
  • There are no additional fees. Many employers may provide you this rider if you are unable to work due to a handicap. Until then, you will not be forced to pay a premium for your insurance coverage.

Reviews and complaints about Securian Financial life insurance

Securian Financial received a B+ rating from the Better Business Bureau in October 2020, the highest possible grade. Minnesota Life Insurance Company, a Securian subsidiary, has rebranded as a Securian Life Insurance Company. Securian has had over 29 complaints from the Better Business Bureau over their billing and customer service, earning them a D- score for their performance.

Securian had a low ranking as a result of this in the J.D. Power 2020 US Life Insurance Study.

Securian has a 1.13 rating on the National Association of Insurance Commissioners’ 2019 complaint index. This firm appears to receive fewer complaints than the industry average.

About Securian

Minnesota Life finalized the acquisition of the Securian Financial brand from its parent business earlier this year. Consistent branding and marketing between the two firms are in both companies’ best interests.

Securian Financial will contact former Minnesota Life customers on behalf of the insurance firm. On the other hand, your company’s fundamental structure and ideals will remain unchanged.

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