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Nassau Re Life Insurance coverage: What’s Nassau Re?


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 period 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 in…

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Benjamin Carr was a licensed insurance coverage agent in Georgia and has two years’ expertise in life, well being, property and casualty protection. He has labored with State Farm and different danger administration companies. He’s additionally a strategic author and editor with a background in branding, advertising and marketing, and high quality assurance. He has been in navy newsrooms — actually on the frontline of journalism.

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Benji Carr


Former Licensed Life Insurance coverage Agent


UPDATED: Feb 24, 2022

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Fast Details

  • Nassau Re affords time period life and ultimate expense insurance coverage
  • Nassau Re doesn’t require a medical examination for any protection
  • Nassau Re has been rated a B+ by A.M. Finest

Nassau Re supplies no medical examination life insurance coverage to prospects. The corporate’s time period life and ultimate expense plans have decrease charges than a number of opponents, however they solely present two riders. Moreover, Nassau Re has been rated a B+ by A.M. Finest.

Understanding extra about Nassau Re (Nassau Reinsurance) will assist you to decide if the corporate is best for you.

Earlier than beginning this Nassau Re assessment, enter your ZIP code to get free life insurance coverage quotes in your space.

Does Nassau Re have aggressive charges?

The price of life insurance coverage is commonly a main issue when selecting an organization. Life insurance coverage corporations use numerous components to evaluate a buyer’s danger, and higher-risk candidates will expertise costlier protection. A few of these components embrace:

  • Age
  • Gender
  • Private well being historical past
  • Household well being historical past
  • Location

The easiest way to find out if an organization is reasonably priced is by evaluating its charges with opponents. The next chart reveals the typical month-to-month Nassau Re life insurance coverage charges for a $20,000 complete life plan vs. different corporations based mostly on age and gender.

The next chart reveals the identical info for females.

As you may see, Nassau Re’s charges are aggressive in comparison with different corporations. Moreover, charges are decrease for females than males and improve as prospects age.

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What coverages are supplied by Nassau Re?

Nassau Re solely affords time period life and ultimate expense insurance coverage. The time period life possibility lasts for a selected interval, and ultimate expense protection pays for the insured’s ultimate bills, like a funeral or burial.

The time period life coverage supplied by Nassau Re is named Secure Harbor Time period Life and is out there in 10, 15, 20, and 30-year phrases. The plan is for patrons between 18 and 80 years previous, and the worth is determined by the applicant’s age and the time period size.

Nassau Re supplies a simplified specific plan and a totally underwritten non-express plan. Neither of those choices requires a medical examination, however candidates should fill out a medical questionnaire.

The first distinction between these choices is that the specific plan options simpler acceptance and the non-express plan has the next most worth. The next are the protection worth ranges of every possibility:

  • Categorical plan. $25,000 to $400,000
  • Non-express plan. $50,000 to $500,000

Moreover, the non-express plan requires an Attending Doctor’s Assertion (APS), which summarizes your well being situation.

Nassau Re’s solely everlasting life possibility is the Remembrance Life plan. This ultimate expense possibility pays for funerals, burials, and memorial companies. The coverage is out there for patrons 50 years and older and ranges from $10,000 to $50,000.

Along with life insurance coverage, Nassau Re additionally affords annuity choices, which helps prospects construct up earnings for retirement. Clients can entry their annuity plans on a separate Nassau Re annuity login web page.

Does Nassau Re provide any riders?

Most life insurance coverage corporations provide choices that prospects can add to a coverage. These choices are known as riders and permit policyholders to customise their plan, normally for a further payment.

Nassau Re solely affords two riders to prospects, which embrace:

  • Accelerated dying advantages rider. Permits policyholders to entry as much as 95% of the dying profit early to cowl medical bills if they’ve a crucial, persistent, or terminal sickness.
  • Unintended dying profit rider. Pays a lump sum of $250,000 or much less if the insured’s dying is because of an accident.

Time period life policyholders can add these riders for a further payment. In the meantime, Nassau Re’s ultimate expense plan consists of these riders freed from cost.

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How is Nassau Re rated?

Credit standing businesses look at insurance coverage corporations and supply scores based mostly on their monetary power. Clients can use these scores to find out the probability of receiving a payout after they file a declare.

Nassau Re has been rated a B+ by A.M. Finest. This ranking is decrease than most opponents, indicating that the corporate might need bother offering a payout in some conditions. Moreover, the corporate has a withdrawn ranking of BB+ by the Fitch.

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Does Nassau Re have any complaints?

The Higher Enterprise Bureau (BBB) and the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) enable insurance coverage prospects to listing complaints on their web sites. Reviewing these complaints helps prospects decide the corporate’s high quality of service.

On the time of this assessment, the BBB has obtained three complaints about Nassau Re through the previous three years. Two of those three complaints have come within the final 12 months and are concerning the firm’s merchandise, billing, and supply points.

The NAIC lists Nassau Re as having 5 complaints and a grievance index ratio of 0.79. These numbers point out that Nassau Re has fewer complaints than the typical firm of an analogous measurement.

How are you going to file Nassau Re claims?

Clients can file Nassau Re claims by contacting the corporate and following a three-step course of. The method for submitting a declare consists of:

  • Notifying the corporate concerning the insured’s dying
  • Sending the unique dying certificates to the corporate
  • Informing the corporate of an current belief

Nassau Re directs prospects trying to file a declare to contact the Nassau Service Heart at 1-800-541-0171. Representatives can be found Monday by Friday from 9 a.m. to five p.m. (EST).

How are you going to make Nassau Re funds?

Fee choices for Nassau Re embrace on-line and by telephone. Clients could make a Nassau Re on-line cost by the shopper and Nassau Re agent login web page. Along with making one-time funds, prospects may also arrange a future cost schedule.

Moreover, Nassau Re prospects could make funds by calling the Nassau Re insurance coverage telephone quantity at 1-800-349-9267. Representatives can take bank card or debit card funds Monday by Friday from 9 a.m. to five p.m. (EST).

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How are you going to cancel a Nassau Re coverage?

Nassau Re is just like most insurance coverage corporations in that prospects can solely cancel a coverage over the telephone. This requirement provides representatives the possibility to vary the shopper’s thoughts concerning the cancellation.

Whereas prospects can cancel a coverage at any time, canceling throughout a coverage interval would possibly end in a cancellation payment. Nonetheless, the corporate affords a 10-day free-look interval, permitting prospects to cancel with out penalty.

Clients that want to cancel their coverage can accomplish that by calling the Nassau Service Heart at 1-800-541-0171.

What are the professionals and cons of Nassau Re?

All insurance coverage corporations have positives and negatives, and Nassau Re isn’t any completely different. Understanding these execs and cons permits prospects to find out if the corporate is an effective alternative.

The next desk reveals the professionals and cons of shopping for a Nassau Re life insurance coverage coverage.

This desk reveals that Nassau Re supplies easy-to-access protection with no medical exams. Moreover, the corporate affords some riders and has obtained few complaints about its companies.

On the detrimental aspect, Nassau Re has few coverage choices, solely providing time period life and ultimate expense insurance coverage. Given the dearth of everlasting life plans, time period life insurance policies aren’t convertible to long-term options. The corporate additionally has low monetary scores.

Who’s Nassau Re?

Nassau Re was based in 1851 by Hartford, Connecticut’s enterprise and spiritual leaders. Initially known as the American Temperance Life Insurance coverage Firm, its function was to supply protection for residents that abstained from consuming alcohol.

In 1860, the corporate determined to broaden its choices to all residents. At the moment, the corporate turned the Phoenix Mutual Life Insurance coverage Firm. The corporate remained Phoenix Life till 2016, when it was bought by the Nassau Monetary Group.

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Nassau Re: The Backside Line

Nassau Re supplies time period life and ultimate expense insurance coverage to Nassau Monetary Group prospects. The corporate has aggressive charges however solely two riders and has been rated a B+ by A.M. Finest.

Studying extra about Nassau Re will assist you to resolve if the corporate is the best choice for you.

Now that about Nassau Re, enter your ZIP code to search out free life insurance coverage charges in your space.

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