Settlers Life Insurance Review & Complaints: Final Expense Insurance (2023)
Settlers Life Insurance is a final expense focused life insurance company that no longer writes new lines of business. Settlers Life Insurance is servicing existing policies that will be absorbed by National Guardian, Settlers Life Insurance's parent company.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...
Farmers CSR for 4 Years
UPDATED: May 23, 2023
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UPDATED: May 23, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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.
Frequently Asked Questions
What is final expense insurance?
Final expense insurance, also known as burial insurance or funeral insurance, is a type of life insurance that specifically covers the costs associated with end-of-life expenses. It is typically a smaller policy amount compared to traditional life insurance policies, intended to cover funeral and burial costs, as well as other final expenses.
What does Settlers Life Insurance’s final expense insurance cover?
Settlers Life Insurance’s final expense insurance policies generally cover a range of end-of-life expenses, including:
- funeral and burial expenses
- cremation costs
- medical bills
- legal fees
- outstanding debts
- other related costs
The specific coverage details and policy benefits can vary, so it’s important to review the policy terms and conditions.
How can I obtain final expense insurance from Settlers Life Insurance?
To obtain final expense insurance from Settlers Life Insurance, you can contact their authorized agents or brokers who represent the company. These agents specialize in final expense insurance and can assist you in assessing your coverage needs, providing policy options, and guiding you through the application and underwriting process.
Can I file a claim with Settlers Life Insurance for final expense insurance coverage?
Yes, in the event of a policyholder’s passing, it is possible to file a claim with Settlers Life Insurance for final expense insurance coverage. The claims process involves contacting Settlers Life Insurance’s claims department, submitting the necessary documentation, and following the outlined procedures to initiate the claim settlement process.
How can I find reviews and ratings for Settlers Life Insurance?
To find reviews and ratings for Settlers Life Insurance, you can visit consumer review websites or insurance industry rating agencies. Websites like the Better Business Bureau (BBB) allow customers to share their experiences and rate the company. Independent rating agencies such as A.M. Best provide evaluations and rankings of insurance companies based on their financial strength and stability.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.