Not too long ago, an organization by the name of Nassau Re was formed and subsequently entered the life insurance market in a grand way with the Purchase of Phoenix Life Insurance Company.
Nassau Re is a comparatively new organization. It was created in 2015 with more than $15 billion of investment capital put up by Golden Gate Capital. Nassau Re’s operation covers four sectors: insurance, reinsurance, distribution, and asset management.
Nassau Re has a lot more experience than what appears on the surface, however, since Phoenix Life is now part of the Nassau Re organization, a company established back in 1852.
About Phoenix – A Nassau Re Company
Phoenix Life operates as a conventional life insurance organization, has a long track record in the life insurance industry, and has developed an exceptional reputation in the marketplace.
The insurer was founded in 1851 and provides top-quality products supported by outstanding customer service.
Customer and Claims service remains the foundation of a Phoenix Life life insurance relationship. Each of the company’s representatives is welcoming, well-informed, and professional and is available to policyholders almost all hours of the day either by email, telephone, or via the company’s website.
Financial Ratings for Nassau Re
Given that Nassau Re was founded just five years ago, the company’s ratings (A.M. Best and S&P) are comparatively low compared to other well-established life insurers. It can take many years for a life insurance company to establish high financial stability ratings, so don’t allow the current ratings to mislead you. A portion of Nassau Re has more than a century of insurance experience. Additionally, Nassau Re has already issued almost a half-million insurance policies and maintains $22 billion in assets.
Recently, the management at Nassau Re was pleased to release the following statement regarding a change in its ratings from A.M. Best:
AM Best has upgraded the financial strength ratings of all Nassau Re insurance subsidiaries to B+ from B and maintained a stable outlook. AM Best specifically highlighted several key accomplishments, including strengthening our balance sheet, improving our operating performance, and growing our annuity business.
The upgrade clearly acknowledges all the hard work of our employees and distribution partners over the past three years and reflects the progress we have made on many fronts.
Life Insurance products offered by Nassau Re
Safe Harbor Term Life Insurance
Safe Harbor Term Life was designed to financially protect the policyholder when an unexpected death quickly changes the financial future of a surviving spouse and children.
By using term life insurance to create a practical insurance plan, you can provide a sound financial future for your family. Safe Harbor Term Life offers excellent protection at a very affordable rate, and the policy also provides additional financial benefits in the event of certain serious illnesses.Here are actual quotes for a $250,000 20-year term Safe Harbor policy for a healthy male and female non-smoker:
Age of Applicant Male Non-Smoker Female Non-Smoker 25 $34.91 $30.16 30 $34.26 $31.02 35 $41.60 $38.14 40 $56.05 $46.99 45 $77.63 $61.88 50 $119.91 $95.97
Although Nassau Re’s rates are relatively higher than many term life insurers, the Safe Harbor Term product is considered a simple issue policy since no medical exams are required.
Nassau Re also offers Safe Harbor Term Express, which is similar to its traditional term policy but has additional features such as no medical exam underwriting, other free riders, and express issue within 24 hours for most applicants.
Nassau Remembrance Life Final Expense Insurance
Final Expense Life Insurance is an exploding market niche, and Nassau Re jumped in with both feet with its Nassau Remembrance Life product. The company is offering an affordably priced final expense (funeral and burial insurance) policy loaded with extra benefits with no additional charge.
- Accidental Death Benefit – This additional benefit adds an extra 100% to the policy’s death benefit if the insured’s death is the result of a covered accident. The benefit is available to applicants under age 65 and terminates at age 75.
- Accelerated Death Benefit – The accelerated death benefit provides additional living benefits to your whole life final expense insurance policy. The benefit provides for the insurance company to advance up to 95% of the death benefit if the insured is diagnosed with a serious covered illness. The insured has the option to accept the advance or maintain the policy’s death benefit as is.
Here are Nassau’s actual rates for a $15,000 Remembrance Life final expense policy for a healthy male and female non-smoker:
|Age of Applicant||Male Non-Smoker||Female Non-Smoker|
To get a free and confidential quote for your actual age, fill out our instant final expense quote form after clicking the button on the right side of this page.
Annuity Products from Nassau Re
Nassau Re is not just about life insurance. The company also offers a complete portfolio of annuity products that individuals and families can put to work accumulating wealth for retirement.
- NASSAU SIMPLE ANNUITY
- PERSONAL INCOME ANNUITY
- PERSONAL PROTECTION CHOICE
- PERSONAL RETIREMENT CHOICE
- NASSAU MYANNUITY
- NASSAU GROWTH ANNUITY