Get Life Insurance Quotes
First and foremost, American Senior Benefits is an insurance agency so they sell insurance. They are not an insurance company, In this article on American Senior Benefits Reviews, we will cover the pros and cons of working with this agency.
We are going to focus on their burial insurance services and products which is what we specialize in. Making sure you work with the right insurance agent that offers the right insurance carriers to protect your family from your burial expenses is crucial.
So lets see how American Senior Benefits measures up.
Table of contents
What American Senior Benefits Sell Products
American Senior Benefits offers several different insurance products but are primarily focused on the senior market. This means the senior market would be burial insurance for ages 60, and 80 which we have covered in detail.
- Medicare & Medicare Supplement
- Life Insurance
- Long-Term Care, Short Term and Home Health Care
- Retirement Planning
- Specialized Health Care
These products are very common in the insurance industry when working with seniors it is common for agencies to offer final expense whole life insurance, medicare and annuities. All of these products are for seniors.
This is how agents and their agencies build a book of business. We here at ParamountQuote also offer these products just with a lot more carriers in our portfolio. This is very common in the insurance business.
|Life Insurance & Burial Statistics Important Facts||Source|
|23% of US Adults Do Not Have Life Insurance||foxbusiness.com|
|In 2021 Median Cost of Burial with Viewing was $7,848||nfda.org|
|1 in 5 People Go into Debt Paying for Funerals||express.co.uk|
Burial Insurance Consumers Should Avoid
|What to Avoid||Reason|
|Term life Insurance||Premiums increase after 5 years. Coverage ends after 80. Term Terminates|
|Pre-paid funeral plans||Expensive & Do not Travel with you if Death Occurs outside of State|
|Universal life insurance||Tied with stocks used more for Inevstments|
|No health questions Asked policies||With 2-year waiting period & more Expensive|
|Plans offering "gimmick rates"||$9.95 per unit plans or $1 buys $100,000 coverage|
|Over priced plans||Insurance from TV and Spam mail with false advertising|
|Plans that accept mail-in payments||High Risk of Payment Failure & Policy Lapse|
|Plans that accept Direct Express||High Chance of Lapse due to missed Payment|
|Plans that accept Credit Cards||High Chance of Lapse due to missed Payment|
Best Burial Insurance Benefits
|PARAMOUNTQUOTE PLAN BENEFITS||INCLUDES|
|Day One Coverage||YES|
|Rates NEVER Go up||YES|
|Policy Coverage NEVER Decreases||YES|
|Easy Underwriting & Approval||YES|
|No Medical Exams Required||YES|
|Same Day Instant Approval||YES|
|Death Claims Pay Quickly||YES|
|Builds cash value over time||YES|
|Coverage Up To Age 85||YES|
Is American Senior Benefits Legit?
Yes, they are a legitimate agency however they have their pros and their cons. They are accredited with the Better Business Bureau in fact they have a complaint from what looks like a potential prospect.
Apparently, this prospect left a complaint on the BBB page expressing how they requested American Senior Benefits to have their telemarketers to stop calling.
They replied to this prospect and explained to them that someone else was using their name.
You can read the full thread here.
There are more American Senior Benefits customer reviews in that thread.
Also keep in mind that they are not the same company as North American Senior Benefits.
American Senior Benefits Reviews Video Overview
Pros and Cons
Now we are going to go over the pros and the cons for this American Senior Benefits Reviews.
There are quite a few notable cons with this agency. First of all, is the fact that their website lacks transparency and is hard to navigate. They do not even have a quoter that allows you to see carriers and rates on their website.
Lack of transparency is always a big red flag when it comes to working with an agency. If you fill out the form to your right you will see multiple carriers and be able to shop rates on this site we pride ourselves on our transparency.
That being said why can’t American Senior Benefits do the same? In addition to this, finding their carrier list on their website was a task and a half but we managed to find the carriers they represent and they do not have many at all which is a big issue.
Now they do represent some great carriers we work with a lot of these similar carriers.
- American Equity Investment Life Insurance
- Great American Insurance Group Annuities
- John Hancock
- Medico Insurance Company
- North American
- Royal Neighbors of America
- Mutual of Omaha
- United of Omaha Life Insurance Company
- Protective Life Insurance Company
Now heres the thing only 9 out of those 16 carriers offer final expense life insurance. In addition to this the 2 best carriers they have with competitive pricing are Royal Neighbors of America and Mutual of Omaha.
We represent both those carriers and offer another carrier called Greek Catholic Union that is in many cases more competitively priced than Mutual of Omaha. In addition, Greek Catholic Union is more liberal on getting you approved as well.
Why would you pay more for Mutual of Omaha if Greek Catholic Union is more affordable? Also when you work with us our agents can go over both products with you!
This is because we specialize in burial insurance and can help you shop more than 15 different carriers for the best burial insurance plan at the best rate GUARANTEED!
The truth is American Senior Benefits does not offer enough carriers for you to shop around with BOTTOM LINE.
We on the other hand do because we specialize in burial insurance for seniors.
So with a lack of transparency about the company and the fact that at least according to their website they do not offer enough carriers we would not recommend this agency as the ideal agency to work with.
The pros are the fact that they are an independent agency with a good amount of carriers to choose from.
They are legitimate and BBB accredited.
American Senior Benefits Background
They claim their business model has created a culture of teamwork and innovation.
- Their current firm has its roots in 2005
- Website: https://americanseniorbenefits.com
- HQ Address: 12722 SOUTH BLACKBOB ROAD OLATHE, KANSAS 66062