Great Western Insurance Review
As an insurance agent, I have come across many insurance companies, and one of them is Great Western Insurance. In this article, we will review Great Western Insurance and provide you with valuable information to help you understand their coverage options.
Great Western Insurance is an insurance company that has been in operation for several years. Great Western Insurance has received 34 user ratings, and the company has a rating of 3.4 out of 5. The company offers a variety of insurance products, including life insurance, annuities, and final expense insurance.
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Disclaimer: We are not in any way affiliated with Great Western Insurance. In fact, we are Independent Insurance agents that offer Top Rate final expense insurance from multiple companies. This article is our personal review of their Preneed Funeral insurance plan Insurance program along with our opinions on the matter. If you are looking to contact Great Western Insurance directly with this info below (866) 689-1401 (800) 995-9010 (800) 733-5454 Monday-Friday 7:30 a.m. to 5 p.m. Central time Great Western Insurance
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Coverage Options Great Western Insurance offers several types of insurance policies, including:
– Life Insurance:
Great Western Insurance offers three types of life insurance policies: term life insurance, whole life insurance, and universal life insurance. These policies provide coverage for a specified period or for the policyholder’s lifetime. Here is a breakdown of each policy:
– Term Life Insurance: Great Western Insurance’s Essential Term℠ Life policy provides a significant amount of coverage at a reasonable cost over a 10-year or 20-year term,. This policy is designed to provide coverage for a specified period, and the premiums are typically lower than those of whole-life insurance policies.
– Whole Life Insurance: Great Western Insurance offers basic whole life policies that are designed specifically to cover burial costs and other final expenses. This policy provides coverage for the policyholder’s lifetime and has a fixed premium that does not increase over time. The policy also has a cash value component that grows over time.
– Universal Life Insurance: Great Western Insurance offers universal life insurance policies, which provide coverage for the policyholder’s lifetime and have a cash value component that grows over time, This policy is more flexible than whole life insurance policies and allows policyholders to adjust their premiums and death benefits over time.
Great Western Insurance’s life insurance policies are available in 46 states and Washington, D.C. They also offer final expense life insurance policies with three underwriting options – Level, Graded, and Guaranteed Issue. The company offers policies with no medical questions and no exams. Great Western Insurance’s final expense policies provide up to $40,000 of immediate coverage to eligible applicants between the ages of 40 and 85,
Great Western Insurance offers a variety of life insurance policies, including term life insurance, whole life insurance, and universal life insurance. These policies provide coverage for a specified period or for the policyholder’s lifetime. Great Western Insurance’s final expense policies provide coverage for burial costs and other final expenses. It is essential to speak with an insurance agent to determine which policy is right for you.
– Annuities:
Great Western Insurance offers fixed annuities, which provide a guaranteed interest rate for a specified period. These annuities can help policyholders save for retirement. Here is a breakdown of Great Western Insurance’s annuity options:
– Fixed Annuities: Great Western Insurance offers fixed annuities, which provide a guaranteed interest rate for a specified period, according to. These annuities can help policyholders save for retirement and provide a steady stream of income during retirement. Fixed annuities are a low-risk investment option, making them a popular choice for those who want to protect their retirement savings.
Great Western Insurance’s annuity options are not as extensive as some other insurance companies. However, their fixed annuities provide a guaranteed interest rate, which can be an attractive option for those who want to protect their retirement savings.
It is essential to speak with an insurance agent to determine which annuity option is right for you. Annuities can be complex financial products, and it is important to understand the terms and conditions of the annuity before investing.
Great Western Insurance offers fixed annuities, which provide a guaranteed interest rate for a specified period. These annuities can help policyholders save for retirement and provide a steady stream of income during retirement. While their annuity options are not as extensive as some other insurance companies, their fixed annuities can be an attractive option for those who want to protect their retirement savings.
– Final Expense Insurance:
Great Western Insurance offers final expense insurance, which is designed to cover the costs associated with a policyholder’s funeral and other final expenses. Here is a breakdown of Great Western Insurance’s final expense insurance options:
– Preneed Funeral Insurance: Great Western Insurance offers preneed funeral insurance, which is designed to cover the costs associated with a policyholder’s funeral. This policy locks in the total amount, and it is paid to the funeral home to cover the policyholder’s funeral expenses. Preneed funeral insurance can help policyholders plan for their funeral expenses and ensure that their loved ones are not burdened with these costs.
– Final Expense Whole Life Insurance: Great Western Insurance offers final expense whole life insurance, which is designed to cover the costs associated with a policyholder’s funeral and other final expenses. This policy provides coverage for the policyholder’s lifetime and has a fixed premium that does not increase over time. The policy also has a cash value component that grows over time.
– Immediate Coverage Final Expense Insurance: Great Western Insurance offers final expense insurance with immediate coverage. This policy provides up to $40,000 of immediate coverage to eligible applicants between the ages of 40 and 85. The policy has three underwriting options – Level, Graded, and Guaranteed Issue – and does not require a medical exam or any medical questions.
Great Western Insurance’s final expense insurance policies are designed to help policyholders plan for their funeral expenses and other final expenses. These policies provide coverage for a specified amount and can help ensure that loved ones are not burdened with these costs.
Great Western Insurance offers final expense insurance, which is designed to cover the costs associated with a policyholder’s funeral and other final expenses. They offer preneed funeral insurance, final expense whole life insurance, and immediate coverage final expense insurance. These policies provide coverage for a specified amount and can help ensure that loved ones are not burdened with these costs. It is essential to speak with an insurance agent to determine which policy is right for you.
Each policy offered by Great Western Insurance has specific coverages, limits, and features. For example, their term life insurance policy provides coverage for a specified period, while their whole life insurance policy provides coverage for the policyholder’s lifetime. Their final expense insurance policy provides coverage for funeral expenses and other final expenses.
Customer Service
Great Western Insurance’s customer service is available during regular business hours. According to Expert Insurance Reviews, Great Western Insurance has an A- rating with the Better Business Bureau (BBB), but it has a 1.8 rating for customer reviews. It is essential to keep in mind that customer reviews are subjective and may not reflect the quality of the company’s customer service.
Great Western Insurance’s customer service representatives are responsive and helpful. They also offer an online portal and mobile app, but we could not find any information on the features and ease of use of these tools.
Comparisons with Other Insurance Providers
Great Western Insurance has good financial stability and a high rating from A.M. Best, They also offer reasonably priced preneed and final expense coverage packages. However, we could not find any side-by-side comparisons with competitors in terms of price, coverage, and customer feedback.
Unique Selling Points
Great Western Insurance’s unique selling points include their focus on final expense and guaranteed issue insurance. They also have excellent financial ratings, which gives customers confidence that the company can pay out policy claims.
Pros and Cons
Pros of choosing Great Western Insurance:
– Good financial stability and a high rating from A.M. Best.
– Reasonably priced preneed and final expense coverage packages.
– Focus on final expense and guaranteed issue insurance.
Cons of choosing Great Western Insurance:
– Limited information on their pricing and coverage options.
– Limited customer feedback on their claims process and customer service.
Conclusion
In conclusion, Great Western Insurance is a good option for those looking for final expense and guaranteed issue insurance. They have good financial stability and a high rating from A.M. Best, which gives customers confidence that the company can pay out policy claims. However, there is limited information on their pricing and coverage options and limited customer feedback on their claims process and customer service. It is essential to speak with an insurance agent and compare policies from different companies to find the best coverage at the best price.
Factors to consider when deciding to purchase a policy from Great Western Insurance include:
– Your insurance needs and budget.
– The type of insurance policy you need.
– Great Western Insurance’s pricing and coverage options.
– Great Western Insurance’s customer feedback on their claims process and customer service.