Is LifeShield Insurance legit? A Comprehensive Review
LifeShield is an insurance company that offers a variety of products to individuals and groups across the United States.
But how reliable and trustworthy is this company?
LifeShield was founded in 1982 as Chesapeake Life Insurance Company.
In 2018, it changed its name to LifeShield National Insurance Company and became a subsidiary of Midland National Life Insurance Company.
LifeShield has an A+ rating from AM Best, which indicates a superior ability to meet its ongoing financial obligations.
LifeShield has also received several awards and recognitions, such as the 2020 Stevie Award for Sales and Customer Service and the 2019 Best Places to Work in Oklahoma.
LifeShield offers four types of insurance products: life insurance, health insurance, final expense insurance, and Medicare supplement insurance.
Each product has its own features and benefits, such as:
- Life insurance: LifeShield offers individual and joint life insurance policies that provide a death benefit to the beneficiaries in case of the insured’s death. The premiums are guaranteed to never increase and the death benefits are guaranteed to never decrease.
- Health insurance: LifeShield offers accident and health insurance policies that cover medical expenses in case of an accident or a critical illness. The policies can help reduce the financial impact of unexpected medical bills and provide peace of mind. The policies are renewable and portable, meaning they can be continued even if the insured changes jobs or retires.
- Final expense insurance: LifeShield offers final expense insurance policies that cover the costs of funeral and burial services, as well as other end-of-life expenses. The policies are designed for older people who want to leave a legacy for their loved ones and avoid burdening them with debt.
- Medicare supplement insurance: LifeShield offers Medicare supplement insurance policies that fill in the gaps of the original Medicare plan, such as copayments, coinsurance, and deductibles. The policies can help lower the out-of-pocket costs of Medicare beneficiaries and provide more coverage options.
To apply for any of these products, applicants need to meet the eligibility criteria and fill out an online or paper application form.
The applicants may also need to provide some personal and medical information, depending on the product and the coverage amount.
The application process may take a few days or weeks, depending on the underwriting and approval processes.
Customer Reviews and Complaints
LifeShield has received mixed customer feedback on various platforms, such as Trustpilot, BBB, and Consumer Affairs.
Some customers have praised the company for its affordable rates, easy application process, friendly customer service, and prompt claim payment.
However, some customers have also complained about the company’s poor communication, misleading sales practices, policy cancellation issues, and claim denial or delay.
Based on the information presented above, we can conclude that LifeShield is a legitimate insurance company that has been in business for over 40 years and has a strong financial rating and reputation.
The company offers a variety of insurance products that can suit different needs and budgets.
However, the company also has some drawbacks, such as customer dissatisfaction, negative reviews, and complaints.
Therefore, potential customers should do their research and compare different options before choosing LifeShield as their insurance provider.
LifeShield is an insurance company that offers life, health, final expense, and Medicare supplement insurance products.
The company has a long history, a high financial rating, and several awards and recognitions.
However, the company also has some customer issues and concerns that may affect its credibility and trustworthiness.
Therefore, we recommend that potential customers weigh the pros and cons of LifeShield and make an informed decision based on their own needs and preferences.
- Is Citizens Property Insurance Corporation Legit?: Assessing the Authenticity and Reliability of Coverage
- Is Ignition Insurance Legit? Is It a Reliable Car Insurance Provider?
- Is Just Auto Insurance Legit? Overview, Legitimacy, Coverage, Financials, Reviews, Benefits & Drawbacks
I am Evans, an insurance expert with a deep-rooted passion for helping people understand the world of insurance. With about 2 years of experience, I’ve dedicated my career to simplifying complex insurance concepts and providing tailored solutions. I have the knowledge and expertise to guide individuals and businesses in making informed insurance decisions, thanks to my educational background in finance and risk management and my Bachelor’s degree in Insurance and Risk Management from Columbia University. I believe that insurance is not just about policies; it’s about safeguarding dreams and ensuring financial security. I’m committed to sharing my insights and knowledge to empower others to protect what matters most.