Peoples Benefit Life Insurance Company

2008-11-19 10:04:42

( Financial )



Background of Peoples Benefit Life Insurance Company

Peoples Benefit Life Insurance Company is an Iowa-based firm established in 1920. It has various types of insurance and investment packages to offer consumers.

In 2007, the company merged with Monumental Life Insurance Company which already belongs to the Aegon USA Group, one of the largest groups of companies specializing in insurance and investments. Peoples Benefit Life is licensed to sell its products in all fifty states except in New York.

Peoples Benefit Life Insurance Packages

Peoples Benefit Life sells the most popular types of life insurance packages, such as whole life, term life, and universal life. One of the packages is an interest-sensitive type of whole life insurance, where your money earns at current interest rates while you are covered.

Another type is the single-premium whole life, where you pay only once to get full life insurance benefits. Whole life and term life insurance packages allow you to choose your payment plan. The company also offers group life insurance packages to corporate clients.

The company also has the cancer policies, which provides financial support for expenses incurred by undergoing cancer treatment. The accident plan covers death or injury due to accidental causes, as well as any loss of limb or eyesight.

Peoples Benefit Life Annuities

The company also sells a variety of life annuities, or long term investments where you pay a fixed amount of investment over a specific number of years, and then receive the money in arrears or lump sum at maturity. You can opt for fixed or variable interest rates.

Buying Policies or Investment Packages from Peoples Benefit Life

Peoples Benefit Life sells policies through various insurance brokers. If you want to learn more about Peoples Benefit Life products, you can go to the Monumental Life website. You can also contact the company directly through the toll-free numbers given on the site.

To get more information about Peoples Benefit Life, you can also view some websites that feature company reviews.


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