Introduction
Washington National Life Insurance is a well-known insurance company that provides a range of life insurance products and services. This article will delve into the various aspects of Washington National Life Insurance, including its history, types of insurance offered, benefits, and customer reviews.
History of Washington National Life Insurance
Washington National Life Insurance Company was founded in 1911 in Evanston, Illinois. It started as a provider of health and accident insurance policies. Over the years, the company expanded its offerings to include life insurance products. In 1997, Washington National Life Insurance became a subsidiary of CNO Financial Group, Inc., a leading insurance holding company.
Types of Insurance Offered
Washington National Life Insurance offers a variety of insurance policies to meet the diverse needs of its customers. Some of the key types of insurance offered by the company include:
Term Life Insurance: Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years. It offers a death benefit to the beneficiaries if the insured passes away during the term of the policy.
Whole Life Insurance: Whole life insurance provides lifelong coverage and includes a cash value component that grows over time. It offers a death benefit to the beneficiaries and can also serve as an investment vehicle.
Universal Life Insurance: Universal life insurance combines a death benefit with a cash value component and offers flexibility in premium payments and death benefit amounts.
Benefits of Washington National Life Insurance
Washington National Life Insurance offers several benefits to its policyholders. Some of the key benefits include:
Financial Protection: Life insurance provides financial protection to the policyholder’s loved ones in the event of their death. It can help cover funeral expenses, outstanding debts, and provide income replacement for the family.
Flexible Coverage Options: Washington National Life Insurance offers a range of coverage options to suit individual needs and budgets. Whether someone needs a short-term policy or lifelong coverage, the company has options to accommodate different requirements.
Additional Riders: Policyholders can enhance their coverage by adding riders to their insurance policies. Riders provide additional benefits such as accelerated death benefit, critical illness coverage, and accidental death coverage.
Customer Reviews
Customer reviews play a crucial role in evaluating the quality of an insurance company. While individual experiences may vary, it’s helpful to consider the overall sentiment of customers. Washington National Life Insurance has generally positive reviews from its policyholders. Many customers appreciate the company’s responsive customer service, competitive pricing, and ease of policy management.
Conclusion
Washington National Life Insurance is a reputable insurance company with a long history of providing life insurance products and services. With a range of coverage options and additional riders, the company aims to meet the diverse needs of its customers. Positive customer reviews further reinforce the company’s commitment to customer satisfaction.
References
1. cnoinc.com
2. washingtonnational.com
