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Aetna Life Insurance Review 2020

Researcher & Writer
December 12, 2019

In the following Aetna Life Insurance Review we will explore the life insurance products offered by Aetna through the workplace. It is important to note at the outset that anyone considering group life insurance should consider it as supplemental to individually owned life insurance.

About Aetna

Aetna was established more than 160 years ago in Connecticut. Since then, they’ve been helping people like you to find the right insurance. They offer more than just life insurance. Aetna also offers health, dental, international, vision, and supplemental insurance, among other insurance products. Aetna works with employers, healthcare professionals and individuals to offer great insurance coverage.

Aetna life insurance policies

As previously mentioned, Aetna provides group life insurance only, which means their plans are only available through an employer. Aetna doesn't provide too much information about their life insurance online and coverage, options and costs can vary by employer. For the specific details of your company's plan, speak with your benefits administrator.

Aetna life and accidental death insurance

If you die or have a serious injury this policy will pay a death benefit amount to your loved ones. It is important to note that while life insurance through your employer is a great benefit, it is typically not enough coverage to meet your needs. Consider additional life insurance coverage.

Aetna riders

Aetna has a few rider options available with its group insurance plan. Consult your company benefits advisor to see your full plan options.

Accelerated death benefit

With this rider you are able to receive a portion of your death benefit in advance if you become terminally ill or suffer from a sever medical condition.

Waiver of premium

With this rider if you become permanently and totally disabled you can stop paying the premiums and your policy will remain in force. This is typically after you are disabled for a specific period of time. You may also be able to extend your coverage.


You can take your coverage with you when you leave your employer. Please note, your premium will increase substantially. Consider individual life insurance as an alternative.

Conversion option

When you retire, you can convert your coverage to last the rest of your life. However, it comes with a hefty price tag. For example, a 70 year old looking to convert $100,000 of coverage would pay $725 a month. Once again, consider individual permanent life insurance as an alternative.

Bottomline: Aetna’s specialty is health insurance

Aetna is a great health insurance company, but unfortunately you can only purchase a life insurance policy from Aetna through your employer and it seems like their options could be limited. Workplace life insurance coverage typically isn’t enough to meet your needs so you may want to consider a different company when looking for life insurance. Check out the best life insurance companies in the United States to see if those companies have what you are looking for.

Written by
We are a team of life insurance experts with the simple mission of helping you find the best coverage for your unique situation. We research, review, and rank life insurance companies to make that process easier.