Finding the best life insurance to protect your loved ones consists of three main steps.
First is considering your needs and preferences. A strong idea of what you want from your coverage will help you initially narrow down your options.
From here, you need to research life insurance companies who meet these requirements. One who may be worth considering is Kemper Life Insurance.
The final step is waiting to see which companies you qualified for, and which levels of coverage they offered you. This enables you to select the one with the best premium and policy limits.
Here’s our comprehensive Kemper Life Insurance review so you can decide if you should include it in your efforts.
The Life And Health Group of Kemper Corporation
Kemper Home Services Companies, who is a small group of insurers, comprises of more than $3 billion in insurance and financial products. With nearly 5 million policies now in force, and in excess of 35 billion dollar in in-force benefits, they are no small fry.
They operate with a home office group of more than 400 employees, and another 2,800 spanning across the country. They are not, however, in California or New York at this time.
There are three main things which are worth noting about Kemper Life Insurance:
- It’s a no exam insurance company
- Strong financial ratings
- Offer other types of insurance
These three main details set the bar for everything that Kemper Life is all about. While we will focus almost entirely on the life insurance side, just know they do have opportunities for other products, as well.
Kemper is also actually connected with several other insurance groups, including:
- United Insurance Company of America
- The Reliable Life Insurance Company
- Union National Life Insurance Company
- Mutual Savings Life Insurance Company
What Kemper Life Insurance is All About
It’s important to make it clear, right from the start, that Kemper Life does things different than most life insurance companies.
For starters, life insurance is only a small piece of what they offer. The company also sells
- and more…
This diversification has both pros and cons. It means the company has a stronger financial background with a large amount of assets. But, it also means they don’t focus solely on life insurance.
Unfortunately, this is evident in their life insurance products. The coverage offered by Kemper Life is lackluster compared to the coverage offered by other providers.
However, this stems down to the fact Kemper only sells no exam coverage. Unlike traditional life insurance, no exam coverage has higher premiums and lower policy limits.
The tradeoff being it doesn’t require you to take the blood test, perform EKG’s, and other time consuming health examination requirements.
This alone makes the coverage offered by Kemper Life worth consideration from anyone with a serious disease or illness, where a fully underwritten policy is not recommended or available based on health.
What Makes Kemper Life And Health Insurance Unique
The factor makes Kemper Life Insurance so unique is a little difficult to explain.
Let’s start with this: most companies who only offer no exam coverage seem a little thrown together, like offering this coverage was a last ditch thought.
Compare a no exam life insurance company and a traditional life insurance company head to head, and it’s almost guaranteed the traditional company has a more professional, refined image.
Not so with Kemper Life. Even though they only offer no exam coverage, they’re every bit as polished as the best traditional life insurance companies.
In fact, aside from the type of coverage they offer, it would be impossible to tell the two apart. In addition to great coverage options, Kemper also boasts an adequate website, quality customer service, and very strong ratings from financial health organizations.
Another factor which makes Kemper Life unique is the simple application. Because all you have to do is answer any medical questions, the application takes literally minutes to complete.
You’ll also receive near immediate approval. There’s not much information for an underwriter to approve, so you’ll receive your policy in very short order.
Even though the plans offered by Kemper Life aren’t as strong as traditional coverage, the quick turnaround time from applying to becoming insured is a fresh of breath air.
The Simplified Application Process
As mentioned above, applying for life insurance from Kemper Life is quick and painless.
All it requires is filling out a simple electronic application found online. Answer the basic questions, send it in, and you’ll receive coverage in as little as a day.
It’s important to note, once again, that Kemper Life doesn’t offer traditional life insurance coverage, only guaranteed issue whole life insurance.
Guaranteed issue whole life insurance doesn’t require a medical exam. The downside is a much lower policy amount (between $2,000 and $25,000 total).
This makes Kemper Life a good option only for those denied from traditional life insurance coverage. Though $2,000 to $25,000 will help your family in a time of need, it’s substantially less than most traditional life insurance companies offer.
The only catch is you must be at least 40 years old to qualify for guaranteed issue whole life insurance from Kemper Life.
Kemper life provides a number of additional features to help you tailor your life insurance to your needs and preferences.
Chief among these is a graded death benefit. Your guaranteed issue whole life insurance policy comes with it.
A graded death benefit simply means the payouts for the death benefit change slightly over time. For instance, the first two years only cover a percentage of death benefits. After the two-year period, coverage increases.
The reason for this clause is simple. It’s designed to prevent people who are close to dying from buying coverage to receive an immediate payout.
It’s also important to note, if you die of a non-accidental death in the first two years your family will still receive some compensation. Instead of the entire death benefit, they’ll receive 120% of the money you’ve already paid into the policy.
What We Like About Kemper Life Insurance
Kemper Life Insurance has a lot of features that help it stand out from the pack. Consider these strongly when shopping for the best life insurance.
These top benefits include:
- No exam coverage
- Fast application process
- Quality guaranteed issue whole life coverage
- Solid reputation
- Strong financial rating
Add up all of these benefits and it becomes clear Kemper Life is a serious contender when it comes to the best life insurance for those who don’t want to take a medical exam, and only require a smaller policy.
What We Don’t Like About Kemper Life Insurance
Honestly, there’s not much about Kemper Life that we don’t like.
The only real disadvantage is it’s not for everyone. Guaranteed issue whole life coverage has much lower policy limits than traditional life insurance.
If you don’t have serious medical issues, it’s well worth it to apply to traditional providers to see what they offer before turning to Kemper Life, only as a backup.
Who is Kemper Life Best for?
Thanks to their stellar reputation, Kemper Life is perfect for anyone looking for a powerful, reputable life insurance alternative.
Their guaranteed issue whole life insurance is among the best around. The premiums are affordable and the coverage limits are higher than most.
In fact, you’ll be hard-pressed to find a no exam life insurance provider who is as high quality as Kemper Life Insurance, overall.
Kemper Life Insurance Customer Service
Customer service is an often overlooked factor when it comes to buying life insurance.
But it’s an essential piece of the puzzle. Quality customer service enables you to contact the company quickly and efficiently if you have questions or concerns. It’s also a helpful tool for new customers to learn more about the company.
Luckily, Kemper Life nails customer service on the head. Thanks to the company’s large size, they have the resources to offer friendly, efficient customer service who will help you answer your question in no time at all.
You can contact Kemper Life customer service by phone or email.
Kemper Life Insurance comes out with a strong, viable option as a guaranteed issue whole life insurance provider.
That said, you should look into traditional providers before opting for the no exam coverage from Kemper Life, especially if you require a larger death benefit amount.
|Company Name (and Subsidiaries)||Kemper Corporation|
Kemper Home Service Companies
Life and Health Group of Kemper Corporation
United Insurance Company of America
The Reliable Life Insurance Company
Union National Life Insurance Company
Mutual Savings Life Insurance Company
|Company Ratings||A.M. Best (A-)|
Moody’s Investors Services (N/A)
Standard & Poor’s (A-)
|Headquarters (Address, Phone, Web)||12115 Lackland Road|
St. Louis, MO 63146
|Policy Types Available||Term|