National Life Insurance Company

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One of the longer standing companies still doing business today, National Life Group is a long established life insurance company seeing great success. An independent focused company, National Life Group and their subsidiaries have kept their Fortune 1000 company moving through more than 16 decades of turmoil.

With a wide range of life insurance products available, there is likely something for everyone. But is it the best you can do?

Our National Life Group review will help you decide if the company is right for you and your family. However, let the information below be just a supplement to your research, and always compare rates with several companies before you apply. Let’s begin.

Our National Life Insurance Company Review

National Life Group logoStarted all the way back in 1848, National Life Group has used the last 167 years of business to become an integral provider of life insurance with a very storied history. Just two years after being chartered, National Life Group was pushed to their limit when they had to pay their first claim; it took the dedication of their directors to utilize personal credit to keep the company moving forward.

In 1855, National Life Group began paying a dividend to all of their participating life insurance contracts, and this dividend has never stopped. This is one of the longest continuous dividends paid, putting them among the most consistent and best life insurance companies in all of America.

Through the Spanish influenza, Great Depression, World Wars and more, National Life Group has persisted. They have continued to grow their own brand, while also acquiring others, including Equity Services, Inc. and Sentinel Advisors for investing, and the Life Insurance Company of the Southwest for their insurance division.

Financials & Ratings

This large company saw net incomes of more than $144 million last year alone, with total revenues pushing over $1.7 billion. Total investments have surpassed $20 billion, where half of their investment portfolio remains in corporate bonds, and another quarter in mortgage backed securities.

National Life Group, and their subsidiaries, respectively, are highly rated because of these superb numbers.

Their long standing solvency and financial prowess have earned them an “A” from A.M. Best, an “A2” from Moody’s Investor Services, and an “A+” from Standard & Poor’s, putting them in an elite few throughout the industry who have 3 or more “A” ratings. These ratings accumulate to a Comdex score of 81.

Product Selection

NLG has a wide selection of life insurance options to fit virtually any need which arises for consumers and business owners alike. With products including:

  • Term
  • Universal
  • Indexed Universal
  • Variable Universal
  • Whole

National Life Group is among a select few companies who have begun to offer no exam life insurance policies.

These are policies where no physical is required to be approved, up to a certain death benefit amount. You will still be asked health questions, need to complete the full application, and be subject to underwriters approval based on how you answer.


For term life, you have your choices between 10, 15, 20  and 30 year level term policies, with several riders available as well.

Among them, you can opt for waiver of premium, disability income, accidental death, unemployment and children’s riders. For as long as you keep your premiums paid, your coverage will not change or be taken away until the policy matures, guaranteed.


Within the universal life insurance products available, you can choose between a standard universal, indexed universal, and also a variable universal life insurance policy. This type of coverage is more permanent than term, and the indexed and variable products allow for additional cash growth to use as you please down the road, in tax advantaged ways.

A standard universal does have cash accumulation within it, though it’s usually depleted by the end of the policy because it pays the difference in the increasing cost of insurance so your out-of-pocket premiums are level.

However, with the indexed and variable options, you have the opportunity to have your cash portion invested in market indices or even mutual funds. This increased risk adds the element of potentially increasing gains. Note, a variable policy must be sold by a registered representative.


The NL Life Builder whole life insurance policy is National Life Group’s proprietary permanent insurance product lined with several guarantees. Among them, steady premiums, guaranteed death benefit, and even the ability to completely pay off the policy in just 15 years (subject to the insurers claims paying ability).

Non-Life Products

Outside of the life insurance arena, they also offer several more financial products to satisfy the wide range of needs within any portfolio. These include:

  • Annuities
  • Mutual Funds
  • IRA’s
  • more

They have specialized planning for business owners, women, certified public accountants, and more.


The National Life Group, National Life Insurance Company, and the Life Insurance Company of the Southwest have shown consistency which few other companies can match; a key ingredient to many consumers making a decision on which life insurance company to choose. National Life Group has a great product line, and easy access.

Their prices are fair, and product selection is a huge bonus in our book. With the additional non-insurance products, there are also additional ways to meet your needs, from household to business.

National Life Insurance Company

(800) 732-8939
1 National Life Drive
Montpelier, VT 05604

Company Name (and subsidiaries)

  • National Life Group
  • Life Insurance Company of the Southwest



Jason Fisher

Jason Fisher is the founder and CEO of, LLC. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered.