Surety offers two types of life insurance, along with other necessary policy types like renters insurance and auto insurance. Their parent company, Surety Insurance Groups, Inc., earned a distinction for customer satisfaction in the 2018 U.S. Auto Claims Satisfaction Study in 2018. If you’ve spent time looking for Surety life insurance reviews, you probably haven’t found much. There are several similarly named companies, so it may be difficult to sort out the differences between them. Luckily, we’re here to help!
Surety offers two types of life insurance policies: term and whole life. This means you have two very different options to help you find the policy type that best meets your needs, lifestyle, and budget. Term life covers you for a limited period of time, called the “term.” Because it’s limited, it’s more affordable than longer-lasting coverage. Whole life, on the other hand, covers you for the rest of your life. As a result, it costs more than term life. Since Surety offers both, you can select the price point and policy type that fits your family’s needs and financial goals.
Surety offers coverage by phone, online, and through independent insurance agents. If you use their website to shop for coverage, you can apply for and purchase some policies on the same day. Underwriting is done within hours of the application being submitted and coverage can begin immediately. This may be attractive for someone looking to purchase coverage quickly due to a major change, such as the birth of a child or the start of a new job.
In addition, Surety’s term life policies offer renewal and conversion options to ensure you’re never left without coverage. If you decide that whole life is a better fit, you can adjust your term policy to meet your needs without going through a whole new application process.
It may be hard to find Surety life insurance reviews because of a few similarly named companies:
The Surety company we’re covering here does not have a financial stability rating. Why does this matter? Because it’s important to trust your insurance carrier. Comparing the financial ratings of different insurers helps you determine which carrier has a solid track record of financial strength and responsibility you can trust.
Another disadvantage is the Surety website. It’s a little outdated, with several links that don’t work. For example, there is still a link to the now-defunct Google+ social network. Also, they provide an alternate URL for their company in the website footer, sureyinsurance.com, which is no longer a valid URL. Although these website problems don’t indicate a problem with their coverage, it may indicate a lack of awareness or attention on the company’s part. It’s all part of the big picture you should consider when choosing an insurer.Get a Free Quote Now
Surety offers whole and term life products. Whole life insurance provides permanent coverage and builds a cash value component over time. All Surety whole life policies are eligible to earn dividends, but they are not guaranteed.
Term life is a temporary policy that offers coverage for a set number of years, oftentimes with an option to convert to a permanent policy or renew once it expires. Term products are less expensive than whole life products.
Surety Life Insurance does not have a financial rating as of November 2022.
A financial rating indicates a company’s likelihood of being able to meet all of their financial obligations in a timely manner. A score in the “A” category indicates that an independent rating agency reviewed a company’s finances and determined that there is a very strong likelihood that they can meet financial obligations such as paying a death benefit to a beneficiary following the death of a policyholder. Click here to learn more about the rating process and why it's important to consider the financial rating of a life insurance company before buying a policy.
Surety is a good option to consider when shopping for insurance due to their variety of plans and level of customer satisfaction. However, it's important to consider their lack of a financial stability rating. While they may be the company for you, it is necessary to compare multiple options when shopping for coverage.
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