Finding a life insurance company is a piece of cake, it’s trying to find the BEST life insurance company where things start to get tricky. If you stumbled across this article it may be because you are looking for a review of Guaranteed Trust Life Insurance Company and if so, you have come to the right place! Here at InsureChance, we provide the most unbiased articles with the most information because we believe those who do share biased reviews never get the most information out because they are so opinionated and without the proper information how can one find their best life insurance company? We believe you guys will come to your own educated decision without having to be swayed left or right. If we could tell you who the best life insurance company is that would be literally the greatest thing in the world but we truly cannot. We cannot tell you who is the best company because what is the best for one person may not be the best for you. This is because everyone has their own unique and specific needs, health, and of course their own unique lifestyle. In this article we will be discussing Guaranteed Trust Life Insurance Company’s history, our review of them with their rating, and of course their life insurance products with highlights. The following are some key points from the article;
- The company has been around for 86 years and it alone speaks about their reliability.
- They offer as far as life insurance group term life insurance, children’s life insurance, and critical illness insurance.
- The downside to this company is that they don’t have a rating anywhere to be found and you know how important that is to have. Another downfall is that they don’t have as many life insurance products as they should.
- You should always consider individual life insurance because you want to get the most bang for your buck and sometimes group insurance doesn’t cut it, especially if you decide to get another job you are going to be looking at either termination of your policy or an increase in premiums drastically.
About Guaranteed Trust Life Insurance Company
Guaranteed Trust Life Insurance Company or GTL is one of the most trustworthy companies around today, of course, nothing to do with their name!The company has been around for 86 years and is known to practice good business. Their current product offering are group life, critical illness and even life insurance for kids. GTL has been growing since 1936 and to this day follows it’s family values.
Guarantee Trust Life Insurance Company Review 2017
Like we mentioned earlier, Guarantee Trust Life Insurance Company or GTL has been around for over 80 years and shows nothing but reliability after reliability. They offer as far as life insurance group term life insurance, children’s life insurance, and critical illness insurance. According to their website, their current financial condition is the strongest ever. Last year alone their gains grew by 10%, their assets by 11%, and reserves by 12% and achieved net premium of $219 million. Unfortunately, there is no rating provided for this company so we will not be able to share their ratings.
Why you should read a company’s rating
You should always want to read a company’s rating because it will give you a good understanding of where they stand as far as their financials.
Guarantee Trust Life Insurance Company’s Products
Guarantee Trust Life Insurance Company offers various products and services. They offer group term life insurance, children’s life insurance, and critical illness insurance. We will go over highlights of their three life insurance products.
MultiLife Insurance
- MultiLife is a life insurance policy offered by employers.
- This product is only available through your work.
- MultiLife allows up to $500,000 for two people.
- The plan will cover both accidental death and illness.
- You can also elect for a funeral only plan that will take care of final expenses up to $15k.
Great Start
- Great Start is a whole life plan designed to introduce your child to life insurance.
- This plan also builds savings through cash value accumulation.
- Plan options are from 5k to 20k of coverage.
- There is no medical exam and no waiting period for this product.
- Less than 5 questions.
- All rates are the same for ages 25 and under.
Critical Illness Insurance
- Provides benefits if you have one of the critical illnesses.
- Covers expenses for nursing or assisted living facility.
- You can select your own benefit payout.
- Pays cash if you have a critical illness.
Final Thoughts
In conclusion, Guaranteed Trust Life Insurance Company is a pretty decent company and have been around for quite some time. They offer life products such as juvenile insurance, critical illness insurance, and group term life insurance. The downside to this company is that they don’t have a rating anywhere to be found and you know how important that is to have. Another downfall is that they don’t have as many life insurance products as they should. You should always consider individual life insurance because you want to get the most bang for your buck and sometimes group insurance doesn’t cut it, especially if you decide to get another job you are going to be looking at either termination of your policy or an increase in premiums drastically. We always recommend everyone to shop around for quotes because you will never know what you can get offered from highly rated companies such as the ones we work with. We are an independent life insurance agency who has a mission of making life insurance simple. We offer a FREE service of shopping around for quotes until we find the best company for you and we will even do the whole application. Give us a call today so that you can spend less time researching and more time being with the ones who truly matter, your family.
