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About Genworth Financial Life Insurance Company
Most people understand how important life insurance is. Without it, you run the risk of leaving your family with debts and no financial security. Choosing which insurance company you decide to go with is one of the most important decisions you can make. That’s why it’s essential to research and compare your life insurance options. The following will review the Genworth Life Insurance Company.
A Brief History of the Genworth Financial Life Insurance Company
Genworth Financial is a colossal insurance/financial service company that has been around for over 145 years. Formerly, it was known as the Life Insurance Company of Virginia. Genworth Financial covers all 50 states, but its HQ is in Richmond, Virginia.
What will I like About the Genworth Financial Life Insurance Company?
First, they have a strong reputation for their customer service and are fiercely committed to their clients. They specialize in long-term care insurance all over the US. They also deal with home buyers and homeowners — this shows that they are a well-established company, which is usually a good indication of stability. However, they have had some troubles recently, which we will expand upon below.
Genworth Financial prides itself on providing financial security to families. Further, this exemplifies in their Genworth Foundation, which offers grants to several non-profits to tackle economic problems for less fortunate people around the world.
What do Rating Agencies give them?
Genworth Financial receives at least a B score. Although they continue to have a strong reputation, recently there have been several complaints regarding their services, which has docked their score a bit. In fact, this is certainly something to look into before choosing them as your insurer. However, as veterans in the insurance/financial game, we hope that they will regroup and continue to give the excellent service that people have come to expect from them.
What Kind of Life Insurance Options are Offered by Genworth?
Genworth Financial has stopped selling life insurance products as of March of 2016. Hence, this was due to several factors, including some financial restraints.
What About Other Insurance and Financial Products?
The Genworth Financial Life Insurance Company still offers some of the best long-term care insurance. They have a ton of experience in this field. They have a million long-term care policies.
The Genworth Financial Life Insurance Company also offers retirement annuities. Since advancements in modern medicine have allowed people to live much longer, it’s more important than ever to make sure that retirees do not run out of income later in life.
To conclude, the annuities focus on ill health and anyone that could use more monthly income. Immediate annuities focus on those between the ages of 70-95. The premium price ranges between $50,000 and $1 million. This immediate annuity also offers a death benefit to a single beneficiary if death occurs within six months of the contract.
How can I get the Best Quotes for my Life Insurance?
Here at PinnacleQuote, we can set you up with the best life insurance companies available. By working with us, you’ll save a lot of money on your life insurance policy, because we know how to find you the lowest rates.
Where can I get the Best Quote for Life Insurance?
First, PinnacleQuote is here to help. Second, Speak with one of our agents, and they’ll be able to answer any and all of your questions. Third, We can help set you up with the best life insurance companies and find the most reasonably-priced policies for you. Finally, Working with us will save you a tremendous amount of time, energy, and money.
PinnacleQuote Life Insurance Specialists, National Independent Agent
Above all, you want to make sure when shopping for a life insurance policy that you want to go with an independent agent over a captive agent. Actually, PinnacleQuote is a licensed national independent life insurance agent in 49 states. At the same time, has relationships with dozens of carriers. In any event, if you’re looking for a simple process, then let PinnacleQuote hold you by the hand. Therefore, we will provide you with the best life insurance rates in the industry, that’s made possible by the relationships we have accumulated over the years. Ultimately, with 25 years experience in the Investment/Life insurance industries, PinnacleQuote will provide you the best service to protect your family.