Forethought Life Insurance Company offers various life insurance and annuity products.
They have an A- rating from A.M. Best, which means they provide competitive rates and discounts for eligible policyholders.
Customers can easily find a suitable plan due to the company’s flexible policies.
With great customer service and few complaints, Forethought Life Insurance Company is a top choice for life insurance.
Although availability may be limited in some areas, the company reliably covers its customers.
Company Overview
History and Establishment Year
Forethought Life Insurance Company started in 1985.
CEO and Team in Charge
The leader of Forethought Life Insurance Company is Stephen R. Lang, who holds the positions of President and Chief Executive Officer.
He is assisted by several other competent executives and employee to ensure the goals of the company comes to fruition.
| Address | Website | Phone |
|---|---|---|
| 1 Forethought Center | www.forethought.com | 1-800-648-0075 |
| Batesville, IN 47006 |
Coverage Options
Forethought Life Insurance Company provides a range of simple insurance products. These options are:
- Term life insurance: Covers a set period, usually 10 to 30 years.
- Whole life insurance: Offers lifelong coverage and grows cash value.
- Universal life insurance: Lets customers adjust coverage and premiums.
- Indexed universal life insurance: Similar to universal life insurance, with the potential for higher interest based on an index.
- Variable universal life insurance: Like universal life insurance it allows investment in different options.
Forethought also offers annuities, such as fixed and indexed annuities.
Annuities ensure a steady retirement income and can supplement savings.
In essence, Forethought Life Insurance Company offers a variety of coverage options to meet individual needs and financial goals.
Services & Products
Forethought Life Insurance Company offers a range of insurance services:
- Types of Insurance Offered: Primarily specializing in life insurance, Forethought provides various life insurance and annuity products to meet your financial needs.
- Special Packages or Bundled Services: Specific bundled services may be available, offering comprehensive coverage options tailored to your requirements.
- International Coverage: The extent of international coverage may vary; inquire for more information.
- Temporary or Short-Term Policies: Whether you need coverage for a short duration or temporary needs, Forethought may have suitable policy options.
Financial Details
When it comes to finances, here’s what the company provides:
- Premium Costs: Premium costs can vary based on the type and amount of coverage you choose. It’s advisable to request a quote for precise pricing information.
- Payment Options: Payment frequency can typically be monthly, annually, or as per the terms of your policy.
- Claim Payout Ratio: Information regarding claim payout ratios is available upon request and may vary depending on the specific policy.
- Discounts and Promotional Offers: Forethought Life Insurance Company may offer discounts or promotional deals for eligible policyholders; be sure to ask for current offers. These discounts include:
-Multi-Policy Discount
When you buy more than one type of insurance from us, like home or car insurance along with life insurance, you can save money.
-Healthy Lifestyle Discount
If you live a healthy life, like not smoking or keeping a healthy weight, you might pay less for your insurance.
-Safe Driving Discount
If you’re a good driver and don’t get into accidents, you might get a discount.
-Loyalty Discount
If you’ve been with Forethought Life Insurance Company for a long time, you might get a discount.
-Preferred Rates
If you have a good income and you’re very healthy, you might get special rates with lower payments.
These discounts can help some people pay less for their life insurance. However not everyone can get these discounts, and the rules might be different in different places and for different policies.
The company has a financial rating of A- according to A.M. Best.
The Company Pros And Cons
| Pros | Cons |
|---|---|
| – Provides various life insurance and annuity products | – Availability may be limited in certain areas |
| – Offers competitive rates compared to other insurers | |
| – Discounts for eligible policyholders | |
| – Excellent customer service | |
| – Flexible and customizable policy options |
FAQs
- What types of insurance products does Forethought Life Insurance Company offer?
Forethought Life Insurance Company primarily provides a variety of life insurance and annuity products to meet your financial needs. They offer term life insurance, whole life insurance, universal life insurance, indexed universal life insurance, and variable universal life insurance.
- How can I get a quote for insurance from Forethought?
You can get a quote from Forethought by visiting their website or contacting their customer service. They will guide you through the process and provide you with the information you need to make an informed decision.
- What discounts are available for policyholders?
Forethought offers several discounts, including multi-policy discounts for bundling insurance, healthy lifestyle discounts for non-smokers and those maintaining a healthy weight, safe driving discounts for good drivers, loyalty discounts for long-term customers, and preferred rates for individuals meeting specific criteria.
- How can I file a claim with Forethought Life Insurance Company?
To file a claim, you can either submit it online through the company’s website or call their claims department at 1-800-642-4657. They will guide you through the necessary steps and document requirements.
- Are customer ratings and reviews important when considering Forethought Life Insurance Company?
Yes, customer ratings and reviews are essential for making an informed decision. They provide insights into the experiences of other customers, helping you gauge the company’s reputation and service quality. You can find such reviews on their website and popular review platforms.
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