Nassau Re Life Insurance Review (2022)

With life insurance, you can provide a final gift for your loved ones or leave behind a legacy for your favorite non-profit. You can find many insurance companies selling life insurance these days but determining which one is best for your needs can be complex.

Free tools like this Nassau Re life insurance review can narrow the field and help you discover the perfect insurance company for your needs. Keep reading to learn more about Nassau and the insurance products it has available.

What is Nassau Re life insurance?

Tracing its roots back to 1851, Nassau is not your typical insurance company. The Nassau Financial Group consists of several insurance companies that do business in different locations. You can review the list of Nassau companies here:

• Nassau Life and Annuity Company
• Nassau Life and Annuity Insurance Company
• Nassau Life Insurance Company
• Nassau Life Insurance Company of Kansas
• Nassau Asset Management
• Nassau Re Cayman

If you’re unsure which Nassau subsidiary is available in your area, you can call the Nassau Re life insurance phone number at 1-800-541-0171 to speak with a customer representative. You can also chat online with a customer service representative if you have your Nassau Re life insurance login.

Finding information on Nassau life insurance products is difficult, so below, you will be able to review all the readily accessible information these companies provide.

What life insurance products does Nassau Re provide?

As a group, Nassau has quite a few insurance products to offer. The life insurance policies provided through Nassau companies include:

• Universal life insurance
• Fixed indexed universal life insurance
• Whole life insurance
• Term life insurance
• Final expense insurance

Not every life insurance type is available through the Nassau companies. For example, Nassau Re Cayman doesn’t offer final expense insurance. Since each policy type has unique characteristics, it’s in your best interest to take a look at each one in more detail so you can determine which policy is the best fit for your needs.

Universal Life Insurance

When you purchase a universal life insurance policy, you have coverage for the rest of your life and build cash value with your policy. However, these policies typically dictate that any higher funds you contribute than the current insurance cost will be attributed to your cash value, which could garner interest every month.

Individuals looking to provide a financial cushion for their loved ones and wish to increase their overall wealth could be a good fit for such a policy.

Fixed Index Universal Life Insurance

Some consumers love the thrill of taking a significant risk to gain a big reward. So while a fixed index universal life insurance policy may not be a good fit for low-risk individuals, such policies offer the opportunity for incredible cash value growth.

When you purchase a fixed index universal life insurance policy, you can choose to have your cash value tied to a fixed or equity index account. Typically, you’ll have your choice of well-known indexes to choose from, like the Nasdaq-100 or S&P 500.

You’ll also have the added benefit of not putting your death benefit at risk during the policy period.

Whole Life Insurance

Sometimes known as a straight or ordinary life policy, whole life insurance is one of the most well-known types of life insurance.

Whole life insurance policies remain active for your entire life if you make your payments on time. One of the other exciting features of a whole life insurance policy is that it can accumulate cash value, just like a universal life insurance policy. You may end up paying a higher rate because of this additional benefit.

Term Life Insurance

Term life insurance, unlike universal or whole life insurance policies, doesn’t remain active for the entirety of your life. Oddly enough, the term life insurance policies offered through the Nassau Financial Group are one of the few policy types that have more detailed information available for the public.

Your policy can last for 10, 15, 20, or 30 years, and you choose to purchase between $50,000 and $500,000 in coverage.

Final Expense Insurance

Nassau’s final expense insurance policy, Remembrance Life, provides life-long coverage. The death benefit is paid in a lump sum and is typically not taxable. There is also a waiver of premiums disability rider, but it expires on your 65th birthday. You can purchase as little as $2,500 in coverage.

Is it easy to file a claim for a Nassau Re life insurance policy?

Filing a claim with Nassau could be tricky since different insurance companies have several variations of the Nassau name. Nassau requires beneficiaries to fill out and send a Beneficiary Statement form, but the main Nassau website doesn’t share the address to submit this form.

Is Nassau Re life insurance highly rated?

While Nassau does have a rating from A.M. Best, it’s not stellar. A.M. Best gave Nassau a B++, which may deter consumers who want to work with only the best insurance companies.

What could exclude a person from getting life insurance?

Many insurance companies will deny coverage to individuals who have a high-risk job or regularly partake in high-risk activities, like skydiving. However, can I be denied life insurance for smoking pot?

Each insurance company has an underwriting process, but if you have a medical marijuana prescription, you may have other underlying health concerns that could keep you from getting coverage.

However, you can still get life insurance even if you have a serious medical condition. Many insurance companies offer products known as guaranteed acceptance life insurance. These policies may be a bit more expensive, but you won’t need to answer any questions about your health when applying.

What You Need to Know about Nassau Re Life Insurance

When shopping for life insurance with Nassau, you’ll need to verify which Nassau subsidiary does business where you live since not every subsidiary carries the same life insurance products.

If you already have a Nassau life insurance product, you can use your Nassau Re login to access the virtual chat assistance tool, but this tool is inaccessible to potential clients looking for more information.

You can shop for life insurance online if you’re not sure if Nassau is the best life insurance company for you. When shopping online for insurance, ensure you get free quotes from at least three different companies to verify that you’re getting the best deal.