Settlers Life Expanding Offerings

Bristol, VA – Settlers Life Insurance Company recently announced that its simplified issue whole life final expense plans will now be available for the first time in the New England states. Effective March 16, Settlers Life expanded to Massachusetts, New Hampshire, Vermont, Rhode Island, and Maine. Connecticut is expected to be available soon.

In addition, Settlers Life has launched product upgrades to its final expense offerings. "We have built a terrific life insurance product, end of life assistance platform, and a back office partner support center second to none in our space”, said Steve Bontell, Chief Marketing Officer of Settlers Life. “Our agent and agency partners can provide their clients with an improved application, increased face amounts, a no cost child/grandchild benefit, and several other upgrades, including an increase to the maximum coverage amount.."

Along with new marketing materials, Settlers Life will expand its Covered! end of life assistance plan to 42 states. "Settlers Life believes that life insurance is more than a piece of paper and a promise”, stated Bontell. “That's why we provide funding sources and end of life assistance to our clients and their families before, during, and after death."

Settlers Life Insurance Company is a member of the NGL Insurance Group, and maintains its primary administrative office in Bristol, Virginia.  Settlers Life has 78 employees and more than 4,400 independent agents appointed in forty-two states.  Since 2007, Settlers Life has maintained an A. M. Best financial strength rating of “A minus” (Excellent), the fourth highest of sixteen such ratings.  A.M. Best states that an “A minus” rating “is assigned to companies which have, in our opinion, an excellent ability to meet their ongoing obligations to policyholders.”  A.M. Best is the oldest and most widely recognized rating agency dedicated to the insurance industry. Terms, conditions, and availability for the policy benefits noted above may vary by state. Consult a Settlers Life agent or the company for specific details.