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Lafayette Life Insurance coverage Firm Overview and Charges (2022)


I began Insurance coverage Weblog by Chris™ as a result of I’ve a ardour for insurance coverage. Right here on the weblog, our job is to teach and inform individuals about one of the best insurance coverage for them.
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Rachael Brennan has been working within the insurance coverage business since 2006 when she started working as a licensed insurance coverage consultant for twenty first Century Insurance coverage, throughout which era she earned her Property and Casualty license in all 50 states.
After a number of years she expanded her insurance coverage experience, incomes her license in Well being and AD&D insurance coverage as properly. She has labored for small well being insu…

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Rachael Brennan


Licensed Insurance coverage Agent


UPDATED: Feb 23, 2022

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Here is the Scoop

  • Lafayette Life has been in enterprise for over 100 years
  • You should buy entire and time period life insurance coverage insurance policies from Lafayette Life
  • Lafayette Life has a free life insurance coverage calculator on its web site

Although your earnings could presently assist your family members, life insurance coverage coverage might present a monetary cushion for them if you happen to have been to go away unexpectedly. You can even depart behind a charitable donation if you buy a life insurance coverage coverage.

Nonetheless, with quite a few life insurance coverage firms flooding the market, it may be difficult to find out which one suits your wants. Fortunately, Lafayette Life Insurance coverage Firm evaluations, like this one, will help you uncover which insurance coverage firm can finest defend your family members.

Learn extra to study Lafayette Life and the insurance coverage merchandise it has to give you. You’ll be able to enter your ZIP code to obtain free quotes instantly as you learn.

What’s the Lafayette Life Insurance coverage Firm?

The Lafayette Life Insurance coverage Firm was based in 1905. Whereas it’s now a part of the Western & Southern Monetary Group, it continues offering life insurance coverage to those that want it. The corporate’s head workplace is in Cincinnati, Ohio, and you’ll name its customer support line at 800-243-6631.

Your beneficiaries can entry the Lafayette Life insurance coverage declare types on-line to begin the claims course of shortly and obtain your coverage’s demise profit ahead of later. Lafayette Life even gives a life insurance coverage calculator that helps you identify how a lot insurance coverage you want.

Enter your ZIP code beneath to view firms which have low cost insurance coverage charges.

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Is the Lafayette Life Insurance coverage Firm extremely rated?

If you wish to work with an organization that provides again to its shoppers, look no additional than Lafayette Life Insurance coverage. It touts an A+ ranking from AM Finest and the Higher Enterprise Bureau. Trying into the Lafayette life insurance coverage dividend historical past, it appears like the corporate will share over $70 million in dividends with its shoppers in 2022. And might relaxation assured figuring out that Lafayette Life Insurance coverage’s customer support is of the very best high quality.

What life insurance coverage merchandise does the Lafayette Life Insurance coverage Firm provide?

Lafayette Life has you coated, it doesn’t matter what you wish to obtain together with your life insurance coverage. The Lafayette Life Insurance coverage Firm gives eight totally different life insurance coverage merchandise.

If you need to buy a coverage from Lafayette Life, you may select from this checklist:

  • Heritage 2022 Complete Life Insurance coverage
  • Contender 2022 Complete Life Insurance coverage
  • Patriot 2022 Complete Life Insurance coverage
  • Sentinel 2022 Complete Life Insurance coverage
  • 10 Pay Life 2022 Complete Life Insurance coverage
  • Liberty 2022 Single Premium Complete Life Insurance coverage
  • Protector 2022 Simplified Difficulty Complete Life Insurance coverage
  • Continental Time period Sequence

All of those insurance policies have totally different traits that set them aside. Let’s look at them carefully so you may higher perceive what Lafayette Life has to supply and which coverage most closely fits your wants.

Heritage 2022 Complete Life Insurance coverage

Once you buy your Heritage coverage, your charges are locked in, and the money worth that accumulates in your coverage is tax-deferred. Moreover, in case your Lafayette Life insurance coverage coverage loans don’t exceed your coverage’s money worth, your plan will stay lively in case you are alive and making common funds.

Contender 2022 Complete Life Insurance coverage

You can earn Lafayette Life dividends if you happen to personal a Contender life insurance coverage coverage. You can too entry a proportion of your coverage’s demise profit whilst you’re alive when you’ve got been identified with a terminal or continual sickness.

Patriot 2022 Complete Life Insurance coverage

Just like the Heritage and Contender insurance policies, a Patriot entire life insurance coverage coverage by Lafayette will construct money worth and will earn you dividends. Nonetheless, a restricted cost coverage offers a everlasting demise profit and requires premium funds for a sure variety of years. On this case, you’ll must make funds till age 75.

Sentinel 2022 Complete Life Insurance coverage

The Sentinel is one other restricted cost coverage, however with this coverage, you’ll solely must make funds till age 65. You can too entry your demise profit if you happen to face a terminal sickness, construct money worth, and have a assured demise profit for all times.

10 Pay Life 2022 Complete Life Insurance coverage

The ten Pay Life coverage will get its title from the truth that you solely must make 10 annual funds to maintain this coverage lively. It will possibly additionally construct money worth on a tax-deferred foundation.

Liberty 2022 Single Premium Complete Life Insurance coverage

In case you have expendable funds, you’ll solely must make one lump-sum cost to make sure protection for all times with Lafayette’s Liberty coverage. These insurance policies can earn you dividends and construct money worth, although it’s possible you’ll must pay a hefty quantity at first.

Protector 2022 Simplified Difficulty Complete Life Insurance coverage

Not like the opposite entire life insurance coverage insurance policies supplied by Lafayette Life, the Protector is a assured situation coverage. Such a coverage doesn’t require candidates to bear a medical examination, however it’s possible you’ll pay a better price and received’t qualify to obtain dividends from the corporate.

You’ll be able to evaluation arguments for and towards entire life insurance coverage insurance policies right here:

Execs and Cons of Everlasting Life Insurance coverage

Execs of Everlasting Life Insurance coverage Cons of Everlasting Life Insurance coverage
– Money worth accumulation that you should use for emergencies, giant purchases, and extra
– Versatile premium funds
– Tax advantages, resembling tax-free demise profit and tax-deferred money worth accumulation
– Dearer than time period life insurance coverage
– Your coverage might lapse and charges might be increased to restart protection

Now that now we have examined Lafayette’s entire life insurance coverage insurance policies, let’s take a look at the time period life insurance coverage product they provide.

Continental Time period Sequence

Lafayette gives very customizable time period life insurance coverage insurance policies if you happen to assume you’ll solely want life insurance coverage for a sure interval. In case you are between 18 and 50 years previous, you may select between a ten, 20, or 30-year-long coverage that gives you with protection starting from $100,000 to $1 million.

What You Have to Know In regards to the Lafayette Life Insurance coverage Firm

Lafayette Life Insurance coverage is a superb firm to show to if you’d like an entire life insurance coverage coverage that may give you greater than your cash’s price. Not solely do lots of the life insurance coverage insurance policies supplied by this firm construct money worth, however they’ll earn dividends too.

Lafayette Life additionally makes life insurance coverage extra accessible by providing assured situation entire life insurance coverage insurance policies and time period life insurance coverage insurance policies.

Now that you just’ve concluded this evaluation concerning the Lafayette Life Insurance coverage Firm, you may enter your ZIP code to begin evaluating free life insurance coverage quotes from insurance coverage firms close to you.

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