Pan-American Life Rating and Review

When you are looking to invest money, you need to look beyond marketing collateral like a good website or brochure. A company may look slick, but what you really want to know is their financial health. That’s where third-party rating organizations come in handy. These agencies analyze everything about an insurance company, and then provide a rating. This is designed to help you have a clearer picture of the actual financial health and reliability of a company. So how did Pan-American Life get rated?

A.M. Best Company gave Pan-American Insurance an A (excellent) rating. Another rating agency, Fitch, also gave an A (Strong). These are both great ratings from two of the most prominent rating agencies. As a consumer, these ratings should tell you that Pan-American is reliable, has great operating performance and is in great financial health. As a policyholder, those are all things you should look for in a life insurance company.

The different types of life insurance policies offered by Pan-American Insurance depends on where in the world you live. They sell life insurance through their company Mutual Trust Life Insurance. Like most life insurance companies they offer whole and term life insurance policies.

The two main life insurance types are permanent life and term life insurance. The main difference between whole life and term life is how long the policy lasts. There are times when term is the best choice. However, there are times when whole life is better than term life insurance. It all comes down to your unique situation.

Horizon Value is participating cash value whole life insurance. It offers a 4% guaranteed interest rate, guaranteed death benefit, and guaranteed fixed premiums.

Since it is a participating whole life policy, participating policyholders receive annual dividends. Dividends are a valuable addition and can be used to purchase paid up additions, adding to the cash value growth and death benefit.

Pan-American/Mutual Trust Life also offer a number of living benefit riders:

1. Chronic Illness Provision: this allows you to speed up a percentage of your policy’s amount. You will need a physician to sign off on this, though.
2. Terminal Illness Provision: You can get up to half of the benefit prior to death. This can help policyholders to alleviate the costs associated with terminal illness.
3. Disability Riders: Mutual Trust has many disability riders that help you to avail your policy benefit riot to death. These include: applicant waiver of premium benefit, 2-year waiver, 5-year waiver, and a basic disability benefit rider.
4. Children: If you want to add life insurance for children to your policy, you can with a simple rider.

These are just a few of the many riders available through Mutual Trust/Pan-American Life.

Pan-American is a good life insurance company with a lot of options. They have a global mindset, offering policies to people in multiple countries. It also can be easy to get your health and accident insurance all from the same company, which some people prefer to do so as to have fewer companies to deal with.

All in all, when you choose a life insurance policy from Pan-American, you’re likely going to be satisfied.

If you go to get a laptop today, you’re likely going to pay the same price as your friend who buys an identical one. Your end product will also be the same. However, this isn’t the case with life insurance. However, we can never make blanket statements like “this insurance company is better than that insurance company.”

When you buy life insurance, you buy a certain amount of coverage, and the whole or term life insurance rates you are given depends on your risk factors. The tricky part is that every life insurance company considers and assesses high risk life insurance differently. So, Pan American Life may absolutely be the best life insurance company out there for you—but it might not be.

There is really only one way to figure out the best life insurance company for your needs. You need to compare what each life insurance company has to offer you. It’s a time consuming task, and pretty difficult for an individual. Instead, we suggest that you call TermLife2Go. We will do the comparing for you, and make customized recommendations from any of the dozens of top life insurance companies in the United States.

Pan-American Life is not among the life insurance companies we write policies for. To find out how Pan-American measures up, you will have to call them for yourself.