While its term rates are less competitive, Vantis Life Insurance Company provides insurance shoppers with an easy online application and reasonable whole life policies.
Standard & Poor’s
Vantis Life Insurance Company Review
- Financial security
- Online quotes and application
- Transparent policy details
- Non-med coverage
- Low product availability
- Less competitive pricing
- Limited brand recognition
- Final expense
- Accelerated death benefit
- Charitable giving
- Children’s insurance
- Disability income
- Guaranteed insurability
- Return of premium
- Spousal insurance
Like any major financial purchase, you should compare quotes before choosing a life insurance company.
Depending on your age, health conditions, and coverage needs, one company might offer better rates than another.
Vantis provides shoppers with online quotes and sample rates, giving you a general idea of what you can expect to pay.
Overall, Vantage’s rates are neither the most expensive nor the most competitive in the industry.
Younger applicants who are in great health will be eligible for the best rates on offer from Vantis, while higher-risk applicants can expect to pay more for coverage.
Vantis Life is likely to provide the most value to permanent life insurance shoppers looking for an easy online application.
In addition to evaluating the cost-effectiveness of a carrier, it’s vital to choose a life insurance company with the means to pay out your policy.
One of the best measures of a life insurance company’s solvency is a credit rating.
Credit rating agencies explore a company’s financial performance and outlook to predict its likelihood of meeting financial commitments.
Vantis Life Insurance Company has been evaluated by three of the major credit rating agencies:
|Standard & Poor’s||A|
Vantis Life is also a subsidiary of Penn Mutual, adding to its financial strength.
To date, Penn Mutual has over $33 billion of assets under management.
Based on Vantis Life’s ratings, financial performance, and connection to Penn Mutual, you can depend on the company’s claims-paying ability.
User experience gets overlooked sometimes, but it’s an important factor to consider when you choose a life insurance company.
Your life insurance provider should be highly rated by its customers and provide you with a seamless online experience and application.
Two of the most useful tools for assessing customer experience are the Better Business Bureau’s ratings and the J.D. Power individual life insurance survey.
J.D. Power did not include Vantis in its evaluation of the top life insurance companies based on overall customer satisfaction.
However, Vantis is BBB-accredited and holds an “A+” rating with the Better Business Bureau.
Vantis Life’s website is extremely easy to navigate.
While it provides limited information on the company’s background and financial performance, it features extensive policy details.
Shoppers can easily access coverage limits and other policy features to compare their options.
The site also features a calculator and quoting tool, as well as an online application.
Policyholders will also find the site useful, with online payments and the option to e-sign many policy documents rather than downloading and mailing them in.
Vantis prides itself on a simple application process.
After applying for an online quote and entering your information, you may be able to purchase a policy directly on the website, getting insured in minutes.
However, after answering Vantis’ questions, you may need to undergo full underwriting, which includes a medical exam.
When you apply for life insurance, the company may also access your driving, medical, and prescription records.
Vantis Life offers three types of coverage:
- Final Expense
Each policy option is broken down below.
Term life insurance is the simplest and most affordable option, ideal for most families.
It offers a substantial death benefit in exchange for premiums. With term life, you are covered for a set period, or term, of time.
Velocity Term Life Insurance from Vantis comes with the following features:
- Terms: 10, 15, 20, 25, and 30-year terms
- Death benefit: $50k- $2.5 million
- Convertibility: Convertible to permanent coverage up to age 65
- Underwriting: Non-med coverage available for qualifying applicants
If your life insurance needs are permanent, Vantis Life offers a whole life insurance policy.
Significantly costlier than term life, whole life policies provide lifelong coverage and an interest-bearing cash value account.
With Velocity Whole Life Flex Complete, you can get over $1 million of permanent coverage.
Some applicants may also qualify for real-time underwriting, getting an instant decision without a medical exam.
If you’re looking for guaranteed coverage regardless of your health condition, you could benefit from Vantis Life’s Guaranteed Golden Final Expense Insurance.
This policy offers a death benefit of $5,000 to $20,000 and is designed to cover a funeral and other final expenses.
Applicants aged 50 to 80 are eligible to apply.
The policy does come with a waiting period, meaning the full death benefit will not be paid out if the insured dies in the first two years, unless the death is the result of an accident.
For over 70 years now, Vantis Life Insurance Company has continued to meet the needs of families across the nation by providing effective, simple, and affordable life insurance policies.
Headquartered in Connecticut, the company is a subsidiary of Penn Mutual Life Insurance Company.
Vantis Life has a tight focus on life insurance and annuities, offering innovative products made to match the specific needs of individuals, families, and businesses.
Vantis Life is proud to partner with a myriad of local organizations to make a positive impact on the community.
Some of the organizations Vantis Life funds and volunteers with include:
- Connecticut Food Bank FoodShare
- Guide Dogs
- United Way of Connecticut
- University of Hartford
- Women’s League Child Development Center of Hartford
Vantis Life does not enjoy the same level of brand recognition as many of the nation’s leading life insurance companies.
However, it is a dependable and respected name in the life insurance industry.
Vantis Life does actively post on its social media accounts, including Facebook, Instagram, Twitter, and Youtube.
It’s wise to get opinions from multiple sources before making a significant purchase like life insurance.
Our rating of Vantis Life includes insights from other experts in the life insurance industry.
Though Vantis Life is generally noted as a financially stable carrier with a solid user experience, it is not typically considered as one of the best life insurance companies.
While their term rates aren’t as affordable as many other carriers, Vantis Life’s whole life solutions could be a fit for some applicants.
To ensure you’re getting the best rates and coverage possible, take a few moments to compare quotes from multiple providers before making a decision.
Vantis Life Insurance Company Review
- (866) 826-8471
- 200 Day Hill Rd.
Windsor, CT 06095
Company Name (and subsidiaries)
- Vantis Life Insurance Company of New York