In 1999, Settlers Life Insurance maintained an affiliation with NGL Insurance Group. The Settler Life and National Guardian Life (NGL) are the two constituent companies of the NGL Insurance Group. Moreover, the National Guardian Life Insurance Corporation operates as a cooperative enterprise.

No medical exam is needed to enroll in the company's policies. However, Settlers Life is a relative newcomer compared to other providers of last-expense burial insurance. They serve thousands of individuals annually and give vital Settler Life insurance to those who need it, even if they are younger than some of their rivals in the market. They have carved out a sizable niche in the industry by specializing in last-cost life insurance. To learn more about its trust and insurance products, read this guide further.

Settlers Life Insurance Trusts

Although NGL Insurance does not provide ultimate expenditure insurance, it is comparable to Settlers Life Insurance. When it comes to life insurance, NGL Insurance employs trusts. Right now, you may choose between two different kinds of trusts:

Estate Planning Trust

The NGL Estate Planning Trust allows many different things. The policyholder may leave funds to charities or loved ones via the trust, and the number of people who can benefit from this is unlimited. The highest sum that may be allocated as the Settlers life insurance payment is $100,000. First, the money will go toward the funeral expenses. If there is any more, the specified beneficiaries will get it.

Funeral Expense Trust

We hope that the NGL Funeral Expenses Trust will lessen some of the burden of funeral planning. Put money down for funeral costs so that your friends and family won't have to deal with money worries when you pass away.

About NGL Funeral Expenses Trust Money, your chosen funeral home is irrelevant. The maximum funding for this Settlers life insurance payment trust is $15,000. The funeral costs do not surpass this sum, and the remaining money will be immediately distributed to the estate and the grieving people.

Insurance Products By Settlers Life

Your existing Settler Life insurance policy is fully functional, as previously stated. Among the plans provided by Settlers Life are:

Gold I Plan

Those between the ages of fifteen and eighty-five with valid medical records for at least five years qualify for coverage under the plan. Full Settler Life insurance with a $50,000 maximum payout is available. Insurance coverage starts when the policy is initiated, and premiums remain the same.

Silver Plan

The Silver Plan is open to everyone under 85 who has maintained a clean medical record for the last two years. Coverage under this insurance is limited to the Settlers life insurance payment of $25,000.

Silver II Plan

Customers who experience mild health issues may find the Silver II Plan advantageous. $15,000. This is the utmost coverage quantity that policyholders may obtain. You must be smoke-free and between 50 and 75 to qualify.

Bronze Plan

Customers with health problems are the target audience for the Settler Life Bronze Plan. You need to be able to respond to questions about your health and be in the age bracket of 40 to 80. This policy's death benefit is $15,000, payable in two installments throughout the policy's lifetime.

Bronze Plan II

Another option for policyholders with health difficulties is the Bronze Plan II. To qualify, you must be between forty and seventy-five. This policy's death benefit is $10,000 in Settlers life insurance payment for burial insurance, paid out over two years.

Excellent A.M. Best Rating

A.M. Best has established itself as a reputable brand through its extensive experience evaluating and ranking enterprises. They have received an A- from the Settler Life staff, equivalent to the " Excellent " grade in professional evaluations. Since they have maintained this grade since 2007, they have been at their highest point for over a decade. Following this, the firm is in a strong financial position moving forward.

Their recent evaluation categorized their outlook as "stable," signifying no significant concerns. Settler Life has thanked policyholders for their assistance in obtaining these two ratings, and the company anticipates that these ratings will persist indefinitely.

Good Customer Services

As noted, how Settlers Life speaks about its clients reflects the company's dedication to their happiness. This is why Settlers Life provides a multitude of contact options for both current and future customers. Originally founded in Bristol, Virginia, Settlers Life is today a vital part of the NGL Settler Life insurance Group. It also has a presence in 42 states via its network of more than 4,000 independent agents.

Someone may reach out to the firm in several ways. Specific phone lines are available to policyholders if they have questions or need to file a claim. Additionally, troubleshooting may be facilitated using the numerous email addresses provided for the various departments. Those seeking something more relaxed may also find Settler Life on social media, which many clients take advantage of. You can find them on Facebook, but they've also amassed a sizable Twitter following, so you can ask them little questions and receive prompt responses.

Final Thoughts

Settlers Life's knowledgeable staff, thanks to their many years of experience, is happy to assist prospective customers with guidance and industry expertise. Look at official data and reviews of A.M. Best, BBB, and similar organizations, in addition to consumer feedback; these will give you a better idea of how a firm works.

When planning a funeral, last expenditure insurance may be a lifesaver for the family. Both its present trust products and its pre-existing Settler Life insurance make NGL one of numerous financially sound organizations that provide adequate ultimate-cost products.

Whoever will take care of your family's requirements is the best firm to go with. Make sure you go over each company's policies and compare rates before settling on one. You may rest easy knowing you've selected the best provider and coverage for your needs.