Best for Bundling Discounts
It’s less easy to get a break on your life insurance premiums by buying from a company that already provides you with other types of coverage than, say, when signing on with home and auto insurance from a single insurer.
That’s a key reason to consider Nationwide for life insurance, especially if you’re already a customer of the company’s auto insurance and home coverage, or are open to considering getting both.
Nationwide offers a discount on your life insurance if you insure both your home and cars through it. That, and strong records for financial stability and customer service, make the company our pick for the best life insurer for bundling discounts, despite some minor drawbacks.
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Nationwide Life Insurance Pros and Cons
- Multi-policy discounts available
- Very strong customer service ratings
- Multiple insurance options
- Long-term care riders available
- Most policies must be purchased through agents
- All policies are fully underwritten
- Term life coverage limited to $1 million
Multi-policy discounts available
With many major insurance companies, life insurance policies aren’t eligible for bundling discounts. But if you’re a Nationwide customer with an auto and home policy (and you must have both), you can receive a discount on your life insurance premiums.
Very strong customer service ratings
Nationwide was ranked second among more than 20 more companies scored for customer satisfaction for individual life insurance by JD Power, the leading agency for assessing such measures. It has also gathered relatively few customer complaints to the national insurance organization that monitors such customer feedback.
Multiple insurance options
Nationwide doesn’t sell just one type of life coverage like some insurers. Instead, it sells term, whole, universal, and variable universal policies, which facilitates choosing the best type of coverage for your needs.
Long-term care riders available
Long-term care insurance is increasingly difficult to find (or at least to afford) as …….