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In this Vantis Life Insurance review, we are going to discuss the Vantis final expense whole life insurance policy. Even though they are not a part of our top 3 recommended life insurance companies, they do sell an affordable guaranteed life insurance product.
What You’ll Learn
About Vantis Life Insurance
Vantis Life Ratings
Final Expense Policy Overview & Rates
Pros of Vantis Guaranteed Life Insurance
Cons of Guaranteed Issue Life Insurance from Vantis
Alternatives to Vantis Life Insurance
We will review the pros, cons and also offer a professional recommendation about Vantis Life Insurance and that Guaranteed Golden policy. To offer you as much insight as possible, we will look at the company, it’s ratings, and the details of their no questions life insurance policy.
Regardless of what stage you’re in when deciding on the right life insurance product for you, there’s one important fact you need to know. Across all life insurance products and carriers, including those that are considered the best, there is no one policy that works for everyone. What might work for your sibling, neighbor or friend, may not work for you.
This is why it’s important to know what your options are and to speak with a knowledgeable agent who can assess your unique needs. With guaranteed acceptance life insurance, even though there are no medical exams or health questions, no two policies are identical.
Want to know if Vantis Life Insurance is right for you? Let’s find out!
Disclaimer: Guaranteed Issue Life is not affiliated with Vantis, nor are we Vantis. If you’re interested in a quote or application, you will need to contact the company at https://www.vantislife.com.
About Vantis Life Insurance Company
Vantis Life Insurance Company has been operational for over 75 years. Their key focus is on helping working families, especially women and mature adults, secure affordable life insurance. Headquartered in Windsor, Connecticut, Vantis Life Insurance joined forces with Penn Mutual in 2016 to provide simple, easy insurance backed by attentive and personal customer service. Today, the company has over $125 billion in in-force policies
The company has gone to lengths to focus on their values, which is reflective on their website, marketing materials, and quality customer service.
In fact, the product we’ll be reviewing in this article is technically an SBLI Life Insurance product called Guaranteed Golden.
Vantis Life Insurance Company Ratings
Overall, Vantis Life Insurance Company has solid financial ratings. As of March 2017, Vantis Life has enjoyed an “A” (Excellent) rating by A.M. Best Company. This means the company is a strong and stable financial position and competitive with many other insurance carriers on the market.
Additionally, although Vantis Life is not accredited through the Better Business Bureau (BBB), they have a grade of “A+,” which is the highest rating you can receive. Only in the past two years have they received one negative review and zero complaints.
Vantis Guaranteed Golden Life Insurance Review
The Guaranteed Golden Life Insurance policy is a guaranteed acceptance whole life product available for people in their 50s, 60s, 70s and up to 80 years old. As with all no questions policies, this product is best suited for those who have been declined another type of coverage due to severe health reasons.
Policy Overview & Rates
Face Amount Range: $5,000 – $20,000 in increments of $5,000.
Age Availability: 50 to 80
State Availability: Unavailable in NY
Graded Period: 24 months
Return of Premiums: unavailable
Application Steps: Through carrier directly and appointed financial organizations
Pros of Vantis Final Expense Whole Life Insurance
Guaranteed Acceptance Whole Life Policy
This policy by Vantis is given on a guaranteed basis. This means that you will not be denied for coverage when applying, even with a high-risk condition. As explained on their website, there are no physical exams, lab tests or lengthy questionnaires to complete. The premium you receive in the beginning is guaranteed to never increase and the value of your insurance is also guaranteed to never decrease.
The policy does build cash value and as long as you pay the premiums, you will have protection for life.
The main highlights of a guaranteed whole life policy include:
- No health questions or lab tests
- Fixed premium rates forever
- A fixed death benefit that will not decrease
- Cannot be canceled due to age
- Death caused by accident within the first two years
- Accidental death covered in full during first two years
- Full coverage after the two-year graded period
Good Life Insurance Policy for Mature Seniors and Adults
As we age, it can become increasingly difficult to find an affordable life insurance policy that meets your needs. However, Vantis Life has built a company with mature adults as one of their core customer bases.
For this reason, they offer a variety of solutions to meet some of the following needs:
- Burial or cremation costs
- Restoring value to existing insurance that has been eaten away by inflation
- Providing a gift for someone you love
- Helping to pay off debts and bills so as not to burden the family
- Paying off current mortgage
- Paying off any tax-related expenses
It should be noted that this guaranteed acceptance policy is not unique in helping seniors and mature adults with these needs, but it is a core solution to this carrier. Some other carriers are experts in other types of policies, such as term insurance or annuities. Or they are experts in working with other customer segments, like younger singles or families. Vantis Life is one of the carriers that really does focus on the mature market.
Vantis is an Affordable Life Insurance Policy
The Guaranteed Golden Life plan is more affordable than the guaranteed acceptance rates of other carriers. For instance, a 60-year-old female looking for $20,000 in coverage will pay $90.29 per month. A male of the same age and same policy amount will pay $104.87 a month.
These quotes were generated using Vantis’ instant quote tool on their website and are subject to change.
If you’d like to instantly compare these quotes with others, we highly recommend you check out the complimentary quoter on this website (hint: there’s one on this page).
Cons of Vantis Guaranteed Golden Life Insurance
No Additional Riders
Vantis Life does not offer additional riders or accelerated death benefits with their guaranteed acceptance product. Other carriers, such as AIG, Americo, and other top no questions policies include riders that can benefit you while you are still alive or other family members. Many of these come at no additional cost or a very minimal extra monthly fee.
If receiving additional peace of mind in the form of Critical Illness, Terminal Illness or Child/Grandchild Protection, then we would suggest looking at other carriers outside of Vantis Life.
Vantis Offers Only One Option
As with all life insurance companies, there may be drawbacks to choosing one policy over another. With Vantis Life, it is just one company and one guaranteed acceptance solution. Although we do not have much negative feedback regarding Vantis, we also do not overwhelmingly love them and they are one of many options.
When you choose Vantis Life over others, you are making a choice out of dozens of options. You would be missing out on great alternatives and could be shortchanging yourself from a better policy. If you are shopping for yourself or for a loved one, you definitely deserve to know all options that are available to you and, more importantly, which ones are most appropriate for YOU.
Alternatives to Vantis Life Insurance
An alternative to working with Vantis is to purchase a policy through an independent insurance brokerage, like Guaranteed Issue Life. When you work with independent agents like us, you will be given accurate quotes and in-depth policy information for multiple companies, not just one. Shoppers who just contact Vantis Life Insurance will work with a captive agent who is only allowed to sell policies by Vantis. They cannot and will not educate you on your other options.
That said, if you really are interested in purchasing a policy through Vantis, you’ll have to contact them directly or send an inquiry through their website.
As you or your loved one ages, life insurance increasingly becomes one of the most important and selfless decisions you can make. Don’t you want to know that you’re making the right choice?
Compare Vantis To Other Carriers with Guaranteed Issue Life
This review and the other guaranteed acceptance reviews on this website was written by the team at Guaranteed Issue Life. We’re an independent agency representing many of the countries best life insurance companies. Collectively, we have decades of experience working with high-risk, guaranteed acceptance customers who want to leave behind a strong legacy for their family.
Since we work with the best insurance providers in the nation, we’re positioned to assist you in shopping and applying for the right policy. Since no two people or policies are the same, it is our goal to find the appropriate policy for your needs. In order for us to do this, we’ll learn more about you and your family’s insurance needs, run 100% accurate custom quotes and tell you more about the best type of insurance policy for you.
Don’t delay as insurance only gets more expensive the older you get. You can call us at 949-480-9638 to speak with an agent today or continue browsing with the instant quote tool on this page.
Thanks for taking the time to read this article on Vantis Life Insurance Review.