Amplify Life Insurance Reviews- What Do Customers Say About Amplify Life?

Amplify Life Insurance Reviews

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Find the best life insurance for you: Read our in-depth Amplify review/PHOTO: Files

Amplify is a complete life insurance platform that provides different types of life insurance, including term, permanent, and cash-value policies, all at a price that suits your needs.

But is Amplify Life a well-reputed company?

Following a thorough research, here are the reviews and what customers say about it.

What Products Does Amplify Life Insurance Offer?

  • Term life insurance

This is like renting life coverage for a set time, like 10, 20, or 30 years.

If the person insured passes away during this time, their loved ones get the money.

It’s the cheapest option but doesn’t build up any savings.

  • Permanent life insurance

This lasts your whole life if you keep paying.

It’s more costly and has a savings part that grows.

You can take money out, but it might affect the coverage and have fees.

There are different types like whole life, universal life, variable life, and variable universal life.

  • Cash value life insurance

This is any permanent life insurance with a savings part.

This savings account earns interest or investment returns with tax benefits.

You can use the money during your life, but it might change the insurance and have costs.

It can be a source of income or add to retirement savings.

Amplify Life Insurance Reviews

Amplify Life Insurance Customer Reviews

Amplify Life has been rated ‘Excellent’ by Trustpilot.

Here are some of the customer reviews:

“I like the personal touch the team made to complete the write-up.”– William

“Zach did a great job explaining everything. Even if I felt like it was a silly question he answered it in a friendly way.”– Carl

“Mr. Harold Hobbs is extremely knowledgeable and well-versed in life insurance. His professionalism and customer service are outstanding. I plan to refer several of my peers to Mr. Hobbs. Thank you so much!”– Tina

However, there was also a complaint like:

“I don’t like it cause you can never get someone to answer the phone and customer service is horrible… wish I could get a hard copy of policy instead of online..if the internet is down then no access to policy”- Bobby

Amplify Life Insurance Financial Ratings

Financial ratings tell us how well an insurance company can pay for claims and handle its money responsibilities.

Experts from A.M. Best, Fitch, and Standard & Poor’s give these ratings.

Amplify is not an insurance company itself. Instead, it’s a platform connecting people to different life insurance options from various companies.

Even though Amplify doesn’t have its financial ratings, the insurance companies it works with do.

Transamerica, Nationwide, and Prudential are some of the top insurers partnered with Amplify, and they have strong financial ratings.

For example, as of February 2024, Transamerica has an A+ rating from A.M. Best, an A+ rating from Fitch, and an AA- rating from Standard & Poor’s.

Most users are happy with Amplify, praising its low rates, easy process, and helpful staff.

Amplify also provides various life insurance options and benefits like tax-free payouts and access to funds while you’re still alive.

Conclusion

Amplify Life Insurance is a decent option for those looking for a simple and affordable term life insurance policy.

However, its limited product offerings and coverage amounts may not be suitable for everyone.

Be sure to compare quotes from other companies and carefully consider your needs before making a decision.

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