Prosperity Life Insurance Review for 2024

Smaller life insurance companies, such as the Prosperity Life Insurance Group, can be just as good as more prominent providers. Prosperity Life Group carries a stable financial outlook under the A.M. Best, but you won’t find any cheap term life insurance rates from this company online.

Our Prosperity Life insurance guide explains what this company provides, how to find the cost of monthly premiums, how to file claims, and explores other general information to help you make a confident decision.

Before you read more about Prosperity Life, see what life insurance rates look like for you. Enter your ZIP code in the free comparison tool above to compare life insurance quotes now.

What products does Prosperity Life Insurance Group offer?

Prosperity Life Insurance reviews and manages annuity, health, and life insurance policies. Here’s a complete list of the insurance products you can purchase at Prosperity Life Insurance Group.

Prosperity Life Insurance Products

Prosperity Life Group has three permanent life insurance policies and four term life insurance policies. It also has a Medicare Supplement service, which may work out perfectly for some policyholders.

Single-premium universal life cost and whole life insurance cost is typically more expensive than term life insurance.

How much are Prosperity Life Insurance rates?

Prosperity Life Insurance is one of many companies that doesn’t provide policy costs online. We searched through search engines and databases, but we couldn’t locate reliable Prosperity Life insurance quotes.

However, SBLI Insurance (an underwriting company for Prosperity Life) has life insurance rates that we can pull to get a general idea. Let’s examine how much life insurance costs for nonsmokers and smokers.

Policyholders who don’t smoke and are 25 to 35 years old pay the least for term life insurance regardless of the term. Meanwhile, 20-Year policies generate more expensive rates.

What about smokers? Let’s look at the cost of term life insurance for smokers.

Monthly SBLI Term Life Insurance Rates for Smokers (Prosperity Life Insurance)

Smokers pay more overall. The trend continues where younger policyholders pay more than senior policyholders, such as smokers who are 60 years old and older.

If you want to talk to Prosperity Life Insurance Company by phone to determine how much you’ll pay for its policies per month, contact Prosperity Life Insurance Group’s contact information.

• Prosperity Life Insurance Phone Number – 1-877-725-4872
• Prosperity Life Insurance Address – 4415 Pheasant Ridge Rd Suite 300 Roanoke, VA 24014 United States

If you decide to get a Prosperity Life Group policy, you can manage your account online. The company has a policyholder login and Prosperity Life agent login.

How do you make a Prosperity Life insurance claim?

Did you recently buy a Prosperity Life insurance policy? If yes, you’ll need to know how to file a claim. We researched for you and summarized the steps to filing Prosperity Life Insurance claims.

Step #1 – Visit the Prosperity Life Website

Go to https://www.prosperitylife.com/ and click “Claims” that’s located on the banner. This link opens a selection that says “Start a Claim.” Click the “Start a Claim.”

Step #2 – Choose the Claim Type

There are three selections on the next webpage: individual life claim, individual annuity claim, and group claim. Click the claim type that you need, and you’ll be sent to the next page.

Step #3 – Follow the Instructions

Prosperity Life has specific instructions for each claim type. Since each service requires something different from customers, the process varies.

Read each section carefully or contact Prosperity Life using its contact prompt. You can find Prosperity Life’s contact form at https://www.prosperitylife.com/contact.

Step #4 – Download and Complete the Release Form

Once you’re done, download the claim package that’s provided at the bottom of the webpage. Print out the form and fill out the details. If you need help, contact Prosperity Life customer service.

What are the financial ratings for Prosperity Life Insurance?

According to A.M. Best, Prosperity Life Insurance Group has an A-. That’s an excellent score, which means Prosperity Life has a stable financial outlook and low credit risk for investors.

We searched for Moody’s and S&P ratings, but Prosperity Life only participated in AM Best research.

What is Prosperity Life Insurance Group?

Prosperity Life Insurance Group was founded in 2009 and has expanded its policies to 35 states and Washington D.C. Three companies underwrite for Prosperity Life Group, and they are:

• Shenandoah Life Insurance Company
• SBLI USA Life Insurance Company, Inc.
• S.USA Life Insurance Company, Inc.

On Jan.4, 2019, Elliott Management acquired Prosperity Life Insurance Group, LLC and all its members (Shenandoah, SBLI USA, and S.USA). Despite the acquisition in 2019, Prosperity Life still maintains a strong presence.

Check out this quick summary to see where Prosperity Life stands.

Prosperity Life Insurance Group Summary

Prosperity Life maintained its AM Best rating and continues to manage over 300,000 policies. Since the increase of more life insurance policies due to the COVID-19 pandemic, Prosperity Life Insurance Group may see more earnings in 2021.

Prosperity Life Insurance: The Bottom Line

You can find various products at Prosperity Life Insurance Group, but it may be difficult for you to determine the price without talking to a Prosperity Life agent. Overall, Prosperity Life appears to be a reliable insurance company. Its stable financial outlook is a good look for the company, but it lacks wider availability across the United States.

If you want to compare life insurance quotes outside of our Prosperity Life insurance overview, enter your ZIP code in the free online quote tool below.