National Life GroupNLGIntroduction

National Life Group, Which is called National Life Group in Chinese,Is a 170-year-old companyAmerican Life InsuranceBrand.

The insurance products issued under the name of National Life Insurance on the market are actually produced by subsidiariesSouthwest Life Insurance Company(Life Insurance Company of Southwest) andNational Life Insurance Company(National Life Insurance Company) for underwriting.

National Life Group offers a wide variety of life insurance categories, which may seem suitable for everyone.But is it a good choice?

American Life InsuranceGuide net© ️To National Life (National Life Group) The evaluation will help you determine whether this company is suitable for you and your family to provide protection.We hope that the following information in this article can be a supplement to your research and judgment. Please also compare and refer to other company information before applying for life insurance.The following is the evaluation information:

National Life's company evaluation and product introduction

1848Years, National Life (National Life Group) Started their life insurance business.Just two years after obtaining the franchise, the customer made the first claim. In order to pay for the first claim from the customer, the directors of the company used personal credit to borrow money, and did their best to honor the compensation and ensure the company's continuation. moving forward.

Arrived1855Years, National Life Group began to pay dividends to all customers who participated in life insurance contracts.

National Life (National Life Group) Is a mutual aid type(Mutual)Insurance companies, not listed companies (Stock) Insurance company.As a company with a mutual mutual assistance structure, National Life Insurance is managed by its "Qualified policyholder"Commonly and independently owned (Whole Life / Savings and dividend policy holders).Since it is only responsible to qualified policy holders, it provides dividends to holders of such policies to pay for the income generated by the cash value part of the whole life insurance policy.

(>>>Recommended reading:What is Whole Life?）

Having experienced the Spanish flu, the Great Depression, the World War, etc., National Life (National Life Group) Still choose to focus on the field of life insurance.They continued to develop their own brands while also acquiring other companies, includingEquity Services Inc和Sentinel AdvisorsCome to invest, also bought Southwest Life Insurance Company, reorganized into its own insurance department.

According to public data from Google, the parent company of National Life Insurance Company is NLV Financial Group, and its subsidiary insurance company is Southwest Life Insurance Company.

Financial strength and rating of the National Life Insurance Company

In 2018, the National Life Insurance Company’s policy income increased by 252%, achieving an annual net income exceeding$3One hundred million U.S. dollars.

In the 2018 Comdex Ranking, the top 200 insurance companies in the U.S. across industriesInsurance company rankingNamed135/136 people, We also provide2018 company annual reportFor readers' reference.

(2022/04 update : National Life 2021 Annual Financial Report Pdf Download )

The company's total investment exceeds200XNUMX million US dollars, half of the investment portfolio is still safe corporate bond products, and the other quarter is mortgage-backed securities.

According to the 2018 National Life InsurancePublic financial report shows.The company's total assets are $310 billion.

National Life Group’s ability to pay compensation and financial strength, as well as its fast-growing performance, enable them fromAMBESTWon"A+"Rating.Moody's Investors Service gave"A1"Evaluation, Standard & Poor’s evaluation is"A +", Therefore, National Life has become an industry-owned3Or more"TO"Grade-rated life insurance company.These ratings are reflected inComdexUpScored as 90 points.

The following is the deadline2021 years 6 months,The latest financial rating published by the National Life Insurance Company (Original),details as follows:

• AM Best – A+
• Moody - A1
• Standard & Poor's – A+
• Comdex  - 90

(>>>Related reading:How to tell the best insurance company?How should the rating information be interpreted?）

National Life Market Positioning

During the 2020 COVID-XNUMX pandemic in the U.S., National LifePublic investorOffinancial report(Click to download), the company's first quarterLife insurance and annuity revenues are $1.3 million, Emphasizing that the company’s service object is the family’s annual income$ 75,000- $ 150,000Target family.

National Life Insurance Product Line List

National Life has a variety of life insurance types to choose from.Products include but are not limited to:

• Term life insurance
• Participating Whole Life Insurance
• Universal insurance
• Index Universal Insurance
• ...

One of the highlights of the market competition of National Life Group’s products is: National Life is not much for specific insurance coverage and groups.提供"No medical examination required, direct coverage"Life insuranceOne of the company's products.

This type of product does not require a physical examination and has a capped amount of death compensation.When you apply, you will still be asked about health issues and you need to complete the complete application process. The insurance company will accept whether you are willing to sign an insurance contract based on your answers.

(>>>Recommended reading:What are the major U.S. life insurance policies that are exempt from medical examinations?What is the amount of exemption for medical examination?)

Term Term Life Insurance (Consumer Handbook and Product Evaluation Topics)

For term life insurance product line, you can choose10year,15year,20Year and30For the guarantee period of the grade, you can also choose many additional contracts (Rider).

Among these additional treaties, in addition to regular premium reductions, disability income, accidental death, unemployment compensation and child riders, National Life also providesWelfareWait for the contract.

Participating Whole Life Insurance

NL Life Builder Participating whole life insurance products are the exclusive permanent insurance products of National Life, with multiple guarantees inside.Among them, stable premiums, guaranteed death compensation, can be15The flexible policy of fully paying off the policy during the year (subject to the limitation of the insurance company's ability to pay, please contact the practicing broker for details).

Update:In 2019, National Life Insurance released a new whole life insurance product with dividends (Whole Life):TotalSecure®️.

Update:In mid-2020, National Life Insurance released a new universal whole life insurance (Whole Life) product:BasicSecure®️.

Universal insurance

In the universal life insurance product line, you can choose products such as standard universal insurance or index universal insurance.This type of protection period is longer than term life insurance, and there is a cash value part in investment universal insurance and index universal insurance products, which are used for investment and allow additional cash value compound interest growth, and it can also be tax deducted Extract the use.

In a standard universal insurance policy, there is part of the accumulated cash value.However, because this accumulated cash value is used to automatically pay the difference after the increase in insurance costs, this cash value is usually exhausted when the insurance policy expires. Based on this design, your premiums always seem to be at a low level. changing.

IULIndex Universal InsuranceThe product has more value-added space, and you have the opportunity to invest the cash value part of your insurance policy in the market index.Risk and return coexist, combined with the past20According to the S&P index data of XNUMX, as a medium and long-term investment, such products may create good returns while providing protection.Please note that such life insurance products must be planned and sold by a practicing broker.

Index Universal Insurance

National Life's life insurance market for individuals and families, and has issued a variety ofIndex Universal Insuranceproducts, they are:

• Living Life (discontinued)/ Living Life By Design
• FlexLife  (Special topic on product evaluation and consumer manual)
• PeakLife (Special topic on product evaluation and consumer manual)
• SummitLife (Special topic on product evaluation and consumer manual)

These products provideWelfareContract, that is, for the client during his lifetimeMajor diseases.Chronic disease(Long-term care) And other guarantees.At the same time, the insurance policy is designed with a cash value increase part and promises a minimum return.This type of product is suitable for taking into account the investment, but is not willing to bear market risks, and at the same time protects customers with more comprehensive needs.

Among the 2 products, onlyPeakLife, SummitLifeThese two products have clear requirements on the size of the insured amount.Declaration only applies to the sum assured100High net worth clients with more than ten thousand dollars.These two types of products are products with the strongest cash value among the same insurance categories under National Life Insurance, targeting people of different ages.

Non-life products

In addition to the field of life insurance, National Life also provides a variety of financial products to meet the needs of various investment portfolios.These include:

• pension
• Mutual Fund
• Personal retirement account
• Others

National Life Group Comprehensive Assessment

National Life Group, National Life Insurance Company and Southwest Life Insurance Company are highly specialized and have formed good consistency.As an insurance company with relatively small assets, National Life Insurance has taken a different approach, leading the way in informatization and innovation, providing policyholders with a more user-friendly mobile app for policy management.

National Life Insurance products are moderately priced, have a long history, and have a rich selection of life insurance products.National LifeTerm life insuranceProducts that provideMajor diseases.Chronic diseaseThe indemnity benefits are worthy of consideration by policyholders who have a limited budget but want "full protection".

For lifetime cash value life insurance, each product line also provides a comprehensiveWelfareSettlement of claims. The function of "cash value growth" is quite satisfactory, which may also be determined by the company's market positioning of "providing protection" rather than "asset management".

For families and businesses, National Life Insurance also provides additional non-insurance products to meet multiple needs.