Settlers Life Insurance

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Settlers Life is a final expense insurance focused company based out of Virginia. The company is no longer writing new business for policyholders but continues to service existing Settlers Life policies, which will be absorbed by its parent company, National Guardian.

What is Settlers Life?

The Settlers Life Insurance Company was created in 1933 under the name Huff-Cook Mutual Burial Association. Throughout its history, the company continued to focus solely on its final expense products and became Settlers Life Insurance Company in 1984. Settlers Life was acquired by National Guardian Life Insurance Company in 1999.

Settlers Life started out serving only Virginia, but by the time of the announcement of the company closing its doors to new business, it was well on its way in the insurance industry. At that time, this insurance provider was serving much of the country and had only just begun operations in several new states in 2018. The Settlers Life Insurance Company stopped writing new final expense insurance coverage policies as of November 2018.

According to the company website, Settlers Life did not choose to stop writing new business due to any financial concern. All of the existing Settlers insurance policies will be serviced by parent company National Guardian, ensuring no disruption in service for existing customers. This sounds like it may have been a decision to re-brand although no explanation about this business decision is provided on the website.

Customer questions and concerns about Settlers Life, according to the website, should be directed to National Guardian insurance.