If you have a bank account with Chase then you probably know they are a great bank. Now you’re thinking life insurance and wondering if they offer it. After all, it would be quite convenient to get your coverage through the same place you bank wouldn’t it? I agree, except I ran into a dead end when putting together the information for this review: Chase Bank doesn’t actually offer life insurance.
In summary, here is what you will learn from reading this review:
- They don’t have their own life insurance products.
- There is an agency that says they’re their representatives, although no further information can be found.
- Protective Life Insurance bought the Chase Insurance Group back in 2006.
- Protective is an A rated life insurance company
- Your best option is to always compare quotes with all the life insurance companies to get the lowest rate on the market. The good news is this doesn’t cost you anything.
The better news is that you’ve reached your destination and you can compare quotes on this very site with no personal information required. How? Just look to your right.
That’s the gist of it, otherwise, let’s get into detail about life insurance with Chase Bank.
Chase Bank Doesn’t Carry Their Own Product
In 2006, JPMorganChase & Co. sold their life insurance and annuity business to Protective Life Insurance for $1.2 billion. After calling their customer service line to ask about their insurance products I was met with confused reps saying they don’t offer insurance products. However, at their local branches I was told that the bank reps were licensed to sell life insurance. Based on this information I assume that if they do offer life insurance it either through Protective Life Insurance, or like most banks, they outsource to a third party.
The upside to all of this is that Protective is a great life insurance company. It’s been in business for over 100 years and is rated A+ by A.M. best. However, despite this fact, it’s always best to shop around with all the A rated carriers to ensure you get the lowest rate on the market. For this, you can use the quote engine on your right. Keep in mind if you’re a high health risk the lowest rate on the quote engine will not always be the lowest rate for you. This is due to the fact that some life insurance companies weigh certain risks differently than others. For example, while company A may be cheaper than Company B on the quoter, Company B may offer better rates for a diabetic.
What The Internet is Saying
After calling around I decided to do some research online and what I found first was an independent agency by the name of Term Life America that seems to lay claim of being a “Chase Insurance Company.” I can’t say whether this is a valid claim or not due to the lack of information about this agency. They do allow you to compare quotes with most of the carriers out there, but they require personal information to do so. Outside of that tidbit of info, I couldn’t find anything speaking to their level of service or their association with Chase Bank, since Chase doesn’t actually offer life insurance. The rest is information on their big sale to Protective in 2006 and agents answering consumer questions on whether or not they offer products.
Overall, this is all I could find on attaining a life insurance policy with Chase Bank. While this falls short of an actual “review” hopefully this give you some input as to the direction you should take.
Based on all of this data, you have a few options:
- Call Protective – As mentioned this a great company, but you don’t get to compare rates to see how it stacks up against the competition. The last thing you want is to pay more for coverage when you don’t have to. If you insist we represent them too!
- Call Term Life America – this would be throwing darts with a blindfold as I couldn’t actually find any information. This would be the equivalent of picking a random independent agency from the United States map and calling them.
- Call Chase Bank – To see if you can get to the bottom of this, because this is all I could find.
- Call InsureChance – Why not call the agency known for providing our consumers with valuable insider information to help educate you, the digital consumer.
Start Here
At InsureChance we’ve built an agency that we would like to work with. We allow you to compare rates by requiring no information and we will only contact you if you request to speak with one of our agents. We also work closely with our underwriters to ensure we get you the best policy, at the best rate, for your specific situation. We specialize in high risk, traditional and no exam plans and we offer lifetime customer service for all your needs. If you have any questions, give us a call by dialing 888-492-1967 or hit the chat button below. Welcome to InsureChance!
