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EMC National Life Company Review

Researcher & Writer
October 10, 2017

At TermLife2Go, we search high and wide for the best life insurance companies that can deliver the most competitive life insurance quotes to our clients. In our searching we came across EMC National Life Company due to the company's participation in SGLI conversions as an alternative to VGLI. In the following review of EMC National Life, we will investigate the company's history, financials, ratings, products and features. Is EMC National Life the right company for you?

About EMC National Life Company


Known simply as EMCNL, EMC National Life Company is actually an affiliate of the wider group; EMC Insurance Companies. Previously, we’ve discovered companies enjoying their 50th, 100th, and even 150th year in the life insurance industry. With EMC National Life, we have a company with less than 15 years of experience.

However, don’t panic because the birth of EMC National Life actually came from a merger between National Travelers Life Company and Employers Modern Life Company. Since the merger in 2003, the EMC network has grown to 21 offices yet EMCNL only use independent agencies to sell insurance. Currently, the products are available in 48 states as well as the District of Columbia.


Thanks to an end-of-year report back in 2016, we know that EMCNL now has total assets of $2.9 billion. Furthermore, they have total invested assets of $900 million while the amount of insurance in-force now stands at nearly $13 billion.

EMC National Life Company Ratings

A.M. Best rating

Currently, EMC National Life has a ‘Stable’ outlook which is always great news for us, as consumers, as well as the company as a whole. In terms of their rating, in July 2017, A.M. Best affirmed EMC National Life's current A-, Excellent rating. This is a strong rating, as A.M. Best believes EMC National Life to be in a solid financial position to meet all ongoing obligations to policyholders.

Better Business Bureau (BBB)

Despite EMC National Life not having a rating with the BBB themselves, the EMC Insurance Companies group has a rating and it’s the very best available at ‘A+’. Out of 100, this means the group scored above 97 and it means you should be in a great position to have all issues resolved.

Products offered by EMC National Life Company

With a strong background, financials, and agency ratings, EMC National Life has been ticking all the right boxes so far. For all new customers, it seems as though they can be happy with the financial support and customers service aspect of the business. Therefore, the next step is to find out whether or not they have policies that can meet your needs.

In truth, they have a number of policies to choose from so we’re going to break this down into sections. In addition to the annuities, we’ll also see the group insurance options as well as the individual insurance products.

EMC National Life Insurance

When you are deciding on the right life insurance policy, it is important to understand the differences between the types of products offered, the different features, and possible riders.

One of the major difference when accessing between the benefits of whole life vs term life insurance is price. But there is much more to consider than simply the policy premium.

EMC National Life offers both permanent life insurance and term life insurance. Let's start by taking a look at the company's term life policies.

Term Life Insurance

Term life insurance policies are short-term policies designed to cover a specific period of your life. Altogether, you’ll have four options to choose from and they all have different aims.

Term Select Highlights

As a low-cost policy, this option is ideal for protecting a mortgage or any other short-term debt you may have. Opportunities for a policy in five-year intervals from five years all the way up to 30 year term life insurance, premiums remain level throughout and the minimum coverage is set to $50,000. If required, the policy can be converted to a permanent policy.

Instant Issue Term

As the name suggests, you can apply for and have a policy set up within minutes with the Instant Issue Term policy. Available online only, there are no paper applications and EMCNL’s decision will be based on a few simple questions. Once again, you can choose coverage of between five and 30 years (at five-year intervals), the death benefit and premiums are guaranteed, and a number of riders are available to add further protection.

Easy Choice Term

If you’ve bought a car or perhaps an adult college course, your expenses are likely to be higher than normal for the next five years. With this in mind, the Easy Choice Term policy can be in place for exactly this long while also offering simplified underwriting, no medical examination life insurance, issue age of between 18-70, coverage from between $5,000 and $100,000, and a short form application process. If you need an additional five years at the end of the policy, a renewal will be available.

Youth Plus Term

As the final term life insurance policy available with EMC National Life, Youth Plus Term provides children with small policies of $5,000, $7,500, $10,000, or $20,000. With different payment plans available (or a single premium), the policy can be converted at the age of 25 years with no proof of insurability required. Although the death benefit can only reach a maximum of $25,000, chunks of $25,000 can be bought at various ages until the total coverage reaches $150,000.

Universal Life Insurance

EMC National Life universal life insurance allows for flexibility as your situation in life changes.

Ultra Choice UL

Over time, you can adjust both the death benefit and premium payments on this universal life policy while also enjoying tax-deferred interest for the cash value component. For the face amount, this starts at just $10,000 and you can borrow from the cash value via life insurance loans while enjoying smaller interest rates. As your needs change, the many riders on offer may also become more attractive.

Whole Life Insurance

As a permanent life insurance policy, whole life insurance is perhaps the most common and popular option but you have options yet again.

Point-Of-Sale Guaranteed Increasing Whole Life

Although a mouthful, this policy is actually simple and it has been designed for final expenses and burial costs. Coverage reaching $150,000 (minimum of $2,000), issue ages of between 18-85, no medical examination required, and many riders available, it could just suit your needs. Just to top it off, the death benefit and cash value rises while premiums remain level.

Youth Whole Policy

Once this life insurance for children policy is installed, the protection exists for a lifetime with a guaranteed death benefit, premiums, and cash value. With coverage of up to $50,000 available, there are even different payment plans with several riders.

Level Whole Life (Single Premium)

With just one premium to pay, single premium whole life insurance offers a guaranteed cash value and death benefit with liquidity if you need it later in life. As long as you’re between 18 and 85, you’ll receive a good return on your investment and all face amounts under $250,000 offer faster underwriting.

Level Whole Life (Continuous Pay)

If you don’t have a lump sum to pay for the previous option, this policy is essentially the same but with regular payment options. This being said, there are some key differences including coverage amounts of up to $1 million and no limits on the face amounts of all riders.

Increasing Whole Life

While keeping the premium the same, the Increasing Whole Life option boosts the cash value growth and death benefit over time. Starting at just $2,000 (face amount), the death benefit continues to increase until doubling and leveling off at year 29.

Easy Choice Whole Life

Finally, we’ve seen a policy of this name before and the similarities are clear to see. Of course, this one is a whole life policy but there are no medical examinations, the underwriting is simplified, and coverage reaches $50,000. Assuming you’re between 18 and 80, this option is available and you can take advantage of a short form application.

Group Life Insurance

As promised, we should mention the ‘Workplace Solutions’ as this allows all employees of a particular business to be covered under one umbrella. Protecting both employers and employees, businesses can choose from Critical Illness Insurance, Disability Income, Term Life, Whole Life, Increasing Whole Life, Group Disability Income, and Group Term Life.

Life Insurance Riders

To finish, we’ve mentioned riders quite heavily in this EMC National Life review but what options are available? Although they tend to vary from one policy to the next, there are several options available with this provider (more than most).

For example, this includes Accelerated Death Benefit, Waiver of Premium, Total Disability Income, Additional Insured Term, Term Insurance Rider for Children, Accidental Death Benefit, Guaranteed Insurability Option, Seat Belt Benefit, and more.


As a great vehicle for retirement income, annuities can be important for everybody at a certain age. With EMCNL, you have a few options but they all allow withdrawals (with qualifications).

Bonus SPDA 1.5% and 1%

As a single-premium deferred annuity (SPDA), this product allows you to meet all your savings goals thanks to a few important features. During the first year, your annuity will earn 1.5% or 1% more money depending on which policy you choose; the current interest rate will also be guaranteed for the first twelve months.

As you create the policy, you’ll choose a premium, minimum of $10,000, while receiving a 10% penalty-free withdrawal each and every year as soon as the first year of the policy is over. Available up to the age of 90 while non-qualified and 80 while qualified, there are also various riders available including a Terminal Illness Rider and Nursing Home Rider.

SPDA 3, 4, & 5

Depending on the policy you choose, the current interest rates will be guaranteed for three, four, or five years. This time, the minimum premium is at $5,000 with the same penalty-free withdrawal after the first year. However, the ages differ since non-qualified individuals can now apply at any age. Elsewhere, the two riders are available once again in states where they’re approved.

Accumulator FPDA

If you have an IRA or a Roth IRA, a flexible-premium deferred annuity might be the best way to go. With the current interest rate guaranteed for one year, you’ll receive a 1% boost in the first year while the minimum premiums are set at $50 per month or $600 per year. With the same issue ages as the ‘Bonus SPDA’ policy, it follows in much the same way with the two riders we’ve seen throughout and a penalty-free withdrawal after year one.


Finally, the single-premium immediate annuity has been designed by the company so you receive a steady income source from the moment the policy is purchased. Depending on your needs, you might choose to have the policy pay for a set period or for the rest of your life.

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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.