Companion Life Insurance Company Review (2024)
Companion Life Insurance Company is a private company that's based in Columbia, SC. Agents for Companion Life Insurance are all over the United States. Since the company is so small, you won't find sample life insurance rates for Companion Life. However, you can compare multiple companies and shop around to find affordable life insurance.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Companion Life Insurance is located in Columbia, SC but provides life insurance across 49 states.
- You won’t get insurance rates from Companion Life unless you contact a Companion Life Insurance agent.
- The company sells group and voluntary insurance products.
Companion Life Insurance Company is one of the small insurance companies with little information on the internet. If you want to buy Companion Life Insurance policies, you’ll have to contact the company directly by phone or through its website. It may be challenging to find term life insurance quotes, so we’ll show you a workaround to comparing life insurance rates.
Compare companies like Companion Life Insurance Company by entering your ZIP code in the FREE comparison tool above. For more information about Companion Life Insurance quotes, continue reading.
Table of Contents
Companion Life Insurance Company History
In 1971, Companion Life Insurance Company opened its insurance business. Companion Life Insurance is based in Columbia, SC, but it provides insurance policies in 49 states and Washington, D.C.
Let’s look at a quick summary of Companion Life.
Companion Life Insurance Company Summary| Companion Life Insurance Summary | Stats |
|---|---|
| Year Founded | 1970 |
| Headquarters | 7909 PARKLANE ROAD, SUITE 202 COLUMBIA, SC 29223 |
| Phone Number | 1-800-753-0404 |
| Website | https://www.companionlife.com/ |
| Number of Employees | 201-500 Employees |
| Best For | Life Insurance Business Insurance Disability Insurance |
| Available In | 50 States and District of Columbia |
They write insurance policies for groups and individuals. However, the company can only be contacted through an agent, phone, or website. Business Wire reported that Companion Life Insurance Company is a subsidiary of Mutual of Omaha — a major company known for its life insurance policies.
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Companion Life Insurance Coverage Options
It’s unclear what type of life insurance Companion Life carries, but it has other types of insurance you can choose from. We’ll go through what each life insurance means for you.
Life Insurance
Companion Life Insurance Company provides life insurance. Life insurance can help you with funeral expenses and pays toward debts after you or someone else passes away. Ask Companion Life Insurance about what life insurance products they have before you start the quote process.
Disability Insurance
If an injury or sickness has disabled you from working, disability insurance (or income protection) replaces a portion of your monthly income.
https://www.youtube.com/watch?v=oEwzP8kQMCU&feature=youtu.be
It’s temporary financial security for you and your dependents. Disability insurance is also referred to as disability income insurance.
Business Insurance
Like any other insurance program, business insurance covers your business and other extensions to your business.
However, a business with a vehicle fleet will require commercial auto insurance. All companies have different ways they conduct business insurance, so you should contact Companion Life Insurance for more details.
Companion Life Insurance Review: Financial Strength and Credit Ratings
Companies are judged by their financial strength and credit risk. The most reliable agency is A.M. Best. After careful research, we found Companion Life Insurance Company’s A.M. Best rating. We’ll look at Companion Life’s ratings from A.M. Best and the Better Business Bureau in the subsections below.
A.M. Best
According to Business Wire, A.M. Best confirmed Companion Life Insurance as an A+, which means the company has a stable financial strength and very low credit risk.
Better Business Bureau (BBB)
The BBB has a clear rating system where A+ is the highest grade, and D- is considered the lowest. Our research located Companion Life’s grade and found it had an A+. However, the company has a one-star rating at the BBB.
Companion Life Insurance Rates
As far as Companion Life insurance rates go, you couldn’t locate any sample rates through its website or online, but its parent company, Mutual of Omaha, has an average monthly term life insurance rate of $12 per month. Your rates could be different depending on your age, health condition, and type of coverage you need.
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Companion Life Insurance Company: The Bottom Line
It’s hard for small companies to measure up to the best life insurance companies in the nation. However, small life insurance companies may be cheaper than more prominent companies.
Companion Life Insurance doesn’t give anyone a lot of information, so you’ll have to speak with someone from the company to get direct answers.
If you want to search for life insurance outside of Companion Life Insurance Company, enter your ZIP code in the FREE online quote tool below to start shopping around for cheap life insurance quotes.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.