Landcar Life Insurance Company, Utah: Overview, Services, Finances, Coverages, Claims, Reviews

Landcar Life Insurance Company, a Utah-based company that has been in the business for over 35 years.

In this blog post, we will review some of the key aspects of Landcar Life Insurance Company, such as its history, products, services, financial details, coverage details, claims, and customer experiences.

an image illustration of Landcar Life Insurance Company, Utah
Landcar Life Insurance Company, Utah

By the end of this post, you will have a better idea of whether Landcar Life Company is the right choice for you.

Company Details

Landcar Life Insurance Company was founded in 1988 as a subsidiary of Landcar Agency, Inc., a company that provides extended vehicle coverage and debt protection products.

The company specializes in offering life insurance products to customers who purchase vehicle service contracts from Landcar Agency, Inc. or its affiliates.

Landcar Life Insurance Company has a market share of 0.01% in the US life insurance industry, and it has about 20 employees.

Basic Information

Category Information
Phone Number (801) 262-9739
Address 9350 S 150 E, Sandy, UT, 84070
Customer Service Contact Contact Us
Policy Details Policy Information
Email Address info@landcar.com
Fax Number (801) 262-9740
Operating Hours Monday through Friday, 8AM-5PM, MST

Services & Products

Landcar Company offers two types of life insurance products: term life and whole life. Term life insurance provides coverage for a specified period of time, usually 10, 15, 20, or 30 years.

Whole life insurance provides coverage for the entire lifetime of the insured, as long as the premiums are paid.

Both types of life insurance products have a fixed premium rate and a guaranteed death benefit.

Landcar Life Company also offers some special packages and bundled services for its customers.

For example, customers who purchase a vehicle service contract from Landcar Agency, Inc. or its affiliates can get a free term life insurance policy for up to $10,000.

Customers who purchase a home insurance policy from Landcar Agency, Inc. or its affiliates can get a discounted rate on their whole life insurance policy.

Landcar Life Company does not offer international coverage or temporary or short-term policies.

However, customers can cancel their policies at any time without any penalty or fees.

Financial Details

Landcar Life Company has a competitive pricing strategy for its products and services.

The premium costs vary depending on the type, amount, and duration of the coverage, as well as the age, health, and lifestyle of the insured.

Customers can get a free quote online or by calling the customer service number.

Landcar Life Company offers flexible payment options for its customers. Customers can choose to pay their premiums monthly, quarterly, semi-annually, or annually.

Customers can also choose to pay their premiums by check, credit card, debit card, or electronic funds transfer.

Landcar Life Company also offers some discounts and promotional offers for its customers. For example, customers who pay their premiums annually can get a 5% discount.

Customers who purchase multiple policies from Landcar Life Company or its affiliates can get a 10% discount.

Customers who refer a friend or family member to Landcar Life Company can get a $50 gift card.

Landcar Life Company has a high claim payout ratio, which means that it pays out a large percentage of the premiums it collects as claims to its customers.

According to the latest data from the National Association of Insurance Commissioners, Landcar Life Company had a claim payout ratio of 95.6% in 2022, which is above the industry average of 92.4%.

Coverage Details

Landcar Life Company has a comprehensive coverage policy for its customers.

The policy exclusions are minimal and reasonable, such as suicide, fraud, war, or illegal activities.

The coverage limits are generous and flexible, ranging from $10,000 to $1,000,000.

The add-ons or riders are optional and customizable, such as accidental death benefit, disability waiver of premium, or accelerated death benefit.

Claims

Landcar Life Company has a simple and fast claim process for its customers.

Customers can file a claim online, by phone, by fax, or by mail.

The required documents for claims are the original policy, the death certificate, and the claim form.

The average claim approval time is 10 business days, and the payment is made by check or electronic funds transfer.

Customer Experiences

Landcar Life Company has a positive reputation and a high customer satisfaction rate.

The customer reviews and ratings are mostly favorable and commendable, praising the company for its quality products, services, and support.

According to the latest data from the Better Business Bureau, Landcar Life Insurance Company has an A+ rating and no complaints.

FAQs:

Q: How do I contact Landcar Life Insurance Company?

A: You can contact Landcar Life Company by phone, email, fax, or mail. The contact details are listed in the table above.

Q: How do I get a quote from Landcar Life Insurance Company?

A: You can get a quote from Landcar Life Company online or by phone. You will need to provide some basic information, such as your name, date of birth, gender, smoking status, coverage type, amount, and duration.

Q: How do I cancel my policy with Landcar Life Insurance Company?

A: You can cancel your policy with Landcar Life Company at any time without any penalty or fees. You will need to send a written request to the company, along with your policy number and the effective date of cancellation.

Q: How do I change my beneficiary with Landcar Life Insurance Company?

A: You can change your beneficiary with Landcar Life Company at any time without any charge. You will need to fill out a beneficiary change form and send it to the company, along with a copy of your policy.

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