Landmark Life Insurance Review & Ratings (2024)

Landmark Life Insurance is a life insurance provider that offers a range of policy options to customers in several states across the United States. The company offers both term and permanent life insurance, with coverage amounts up to $1 million.

Landmark’s mission is to provide affordable and accessible life insurance to customers, with a focus on providing coverage to those who may have difficulty obtaining coverage through other providers. The company aims to make the application process as simple and straightforward as possible, with most customers receiving a decision on their application within a few days.

Landmark offers several discounts to help customers save money on their life insurance premiums, including multi-policy, non-smoker, healthy lifestyle, safe driving, and loyalty discounts.

While some customers have reported issues with customer service and the claims process, many customers have reported positive experiences with the company’s competitive rates and the variety of policy options available. Customers in the states where Landmark is licensed should consider obtaining a personalized quote from the company to determine whether it is a good fit for their life insurance needs.

What You Should Know About Landmark Life Insurance Company

Welcome to our comprehensive guide on Landmark Life Insurance, a trusted and reliable resource for all your life insurance needs. From understanding different types of life insurance policies such as term life, whole life, and universal life, to exploring the importance of beneficiary designations and factors to consider when determining the appropriate coverage amount, we leave no stone unturned.

Take charge of your financial future and provide your family with the peace of mind they deserve. Trust Landmark Life Insurance to be your guiding partner on this important journey. To find the best insurance providers and compare rates tailored to your circumstances, simply enter your zip code and take the first step towards protecting your loved ones and securing your financial future.

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Landmark Life Insurance History and Mission

Landmark Life Insurance has been providing life insurance coverage to customers since 1954. The company is headquartered in Dallas, Texas, and has been under the ownership of United National Life Insurance Company since 2016.

The company’s mission is to provide customers with high-quality life insurance coverage at an affordable price. They aim to create policies that are tailored to the unique needs of each individual customer and to provide exceptional customer service throughout the life of the policy.

Landmark Life Insurance is committed to building strong, long-lasting relationships with their customers, agents, and employees. They strive to create a culture of integrity, honesty, and transparency, and to be a trusted partner to their customers throughout their lives.

Over the years, Landmark Life Insurance has become known for its commitment to providing excellent customer service, its range of customizable life insurance policies, and its affordable pricing. The company continues to grow and expand its services to customers throughout the United States, while remaining true to its mission of providing quality coverage and exceptional service.

Landmark Life Insurance Company Insurance Coverage Options

Landmark Life Insurance offers a range of life insurance products to customers. Here’s a closer look at the policies and services they provide:

Term life insurance: Landmark Life Insurance offers term life insurance policies with coverage terms of 10, 15, 20, 25, and 30 years. These policies are designed to provide affordable coverage for a specific period and are a popular choice for families with children or individuals with large debts or mortgages. Customers can choose the level of coverage they need and the duration of the policy.

• Whole life insurance: Whole life insurance is a type of permanent life insurance that provides coverage for the duration of the policyholder’s life. These policies offer lifelong protection and have a cash value component that grows over time. Landmark Life Insurance offers several different types of whole life insurance policies, including traditional whole life, graded benefit whole life, and final expense whole life.
• Universal life insurance: Universal life insurance policies offer flexibility and customization, allowing customers to adjust their coverage and premiums as their needs change. These policies have a cash value component that grows over time and can be used to pay premiums or taken out as a loan. Landmark Life Insurance offers several different types of universal life insurance policies, including indexed universal life and guaranteed universal life.
• Riders landmark life insurance: Riders are additional features or benefits that can be added to a life insurance policy to provide more comprehensive coverage or additional benefits to the policyholder. Landmark Life Insurance offers several riders that policyholders can add to their life insurance policies, depending on their individual needs and preferences.

Some of the most common riders offered by Landmark Life Insurance include:

• Accelerated death benefit rider: This rider allows policyholders who are diagnosed with a terminal illness to receive a portion of their death benefit while they are still alive. This can help cover medical expenses or other costs associated with the illness.
• Accidental death benefit rider: This rider provides an additional death benefit in the event that the policyholder dies as a result of an accident. This can provide additional financial protection for families in the event of an unexpected accident.
• Child rider: This rider provides coverage for the policyholder’s children, typically up to a certain age. This can provide peace of mind for parents, knowing that their children are covered in the event of an unexpected death.
• Waiver of premium rider: This rider waives the policyholder’s premium payments in the event that they become disabled or unable to work. This can provide financial protection for policyholders who are unable to work due to an unexpected disability.

• Guaranteed insurability rider: This rider allows policyholders to purchase additional coverage at certain intervals without undergoing additional medical underwriting. This can be a useful option for individuals who anticipate needing additional coverage in the future.

In what parts of the U.S. is Landmark life insurance offered?

Landmark Life Insurance offers coverage in a number of states throughout the United States. Landmark Life Insurance is offered in 16 states, which are:

• Alabama
• Arkansas
• Georgia
• Illinois
• Indiana
• Kentucky
• Louisiana
• Mississippi
• Missouri
• North Carolina
• Ohio
• Oklahoma
• South Carolina
• Tennessee
• Texas
• Virginia

These states are spread across the southern and midwestern regions of the United States. If you’re looking to find out if Landmark Life Insurance is offered in your state, you can follow these five steps:

1. Visit the Landmark Life Insurance website.
2. On the homepage, click on the “Products” tab in the navigation menu.
3. From the dropdown menu, select the type of coverage you are interested in (e.g., term life insurance, whole life insurance, etc.).
4. On the next page, you will see a list of available states where the selected product is offered. If your state is not listed, it is likely that Landmark Life Insurance does not offer coverage in your state for that specific product.
5. If you want to confirm if Landmark Life Insurance offers coverage in your state for a different type of product, you can repeat steps 2-4 for each product type you are interested in.

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Landmark Life Insurance Company Insurance Rates Breakdown

The cost of life insurance coverage from Landmark Life Insurance can vary depending on a number of factors, including the type of policy, the level of coverage, and the customer’s age and health status. Here’s a general overview of the cost of life insurance from Landmark:

• Term life insurance: Term life insurance policies from Landmark are typically the most affordable option, as they provide coverage for a specific period of time and do not have a cash value component. The cost of a term life insurance policy from Landmark can range from around $10 to $50 per month, depending on the coverage amount and duration of the policy.
• Whole life insurance: Whole life insurance policies from Landmark are generally more expensive than term policies, as they provide lifelong coverage and have a cash value component that grows over time. The cost of a whole life insurance policy from Landmark can range from around $50 to $200 per month, depending on the coverage amount, type of policy, and the customer’s age and health status.

• Universal life insurance: Universal life insurance policies from Landmark are similar to whole life policies in terms of cost, as they provide lifelong coverage and have a cash value component. The cost of a universal life insurance policy from Landmark can range from around $50 to $200 per month, depending on the coverage amount, type of policy, and the customer’s age and health status.

Landmark Life Insurance Company Discounts Available

Landmark Life Insurance offers a number of discounts to help customers save money on their life insurance coverage. Here are some of the discounts available:

• Multi-policy discount: Customers who have multiple policies with Landmark Life Insurance can save money on their premiums. For example, if a customer has a life insurance policy and a home insurance policy with Landmark, they may be eligible for a discount on both policies.
• Non-smoker discount: Customers who do not smoke are generally considered to be lower risk and may be eligible for a discount on their life insurance premiums.
• Healthy lifestyle discount: Customers who can demonstrate that they lead a healthy lifestyle may be eligible for a discount on their premiums. This can include things like maintaining a healthy weight, exercising regularly, and following a healthy diet.
• Safe driving discount: Customers who have a safe driving record may be eligible for a discount on their premiums. This discount is typically available for customers who have not had any accidents or traffic violations in a certain period of time.
• Loyalty discount: Customers who have been with Landmark for a certain period of time may be eligible for a loyalty discount on their premiums.

Unpacking How Landmark Life Insurance Manages Claims

Ease of Filing a Claim

Landmark Life Insurance offers multiple channels for filing claims, providing convenience to policyholders. You can file a claim online through their user-friendly portal, over the phone with their dedicated customer support team, or even via their mobile app for on-the-go access. This flexibility in the claims submission process ensures that policyholders can choose the method that suits them best.

Average Claim Processing Time

The efficiency of the claim processing system at Landmark Life Insurance is a crucial factor for policyholders. On average, the company boasts a competitive claim processing time, ensuring that beneficiaries receive their payouts promptly when they need them the most. This quick turnaround time is a testament to their commitment to customer satisfaction.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a pivotal role in evaluating an insurance company’s performance. Landmark Life Insurance has received mixed reviews regarding their claim resolutions and payouts. While some customers have praised the company for their hassle-free claim settlements, others have expressed concerns about the claims process and the time it takes to receive payouts.

It’s essential for potential policyholders to consider this feedback when making their decision.

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Elevating Insurance: Landmark Life Insurance Digital and Technological Breakthroughs

Mobile App Features and Functionality

Landmark Life Insurance offers a mobile app that provides policyholders with convenient access to their accounts and policy information. The app features user-friendly navigation, allowing customers to view their policy details, make premium payments, and even initiate claims submissions on their mobile devices. This digital tool enhances the overall customer experience by putting policy management at their fingertips.

Online Account Management Capabilities

The company’s online account management capabilities offer policyholders the flexibility to manage their policies and accounts from the comfort of their homes. Through their secure online portal, customers can review policy documents, update beneficiary information, and track premium payments. This level of accessibility empowers policyholders to stay informed and in control of their life insurance coverage.

Digital Tools and Resources

Landmark Life Insurance provides a range of digital tools and resources to assist policyholders in making informed decisions. These resources include online calculators to estimate coverage needs, educational articles on life insurance topics, and informative videos that simplify complex insurance concepts.

These digital assets are designed to empower customers with knowledge and support them in making the right choices for their life insurance needs.

How Landmark Life Insurance Company Ranks Among Providers

Landmark Life Insurance Company operates in a competitive landscape with several key players vying for market share. Understanding their competitors sheds light on industry dynamics and helps grasp Landmark’s position within the market.

• Guardian Life: Known for its comprehensive life insurance offerings, Guardian Life competes strongly with Landmark through diverse policy options and investment products. Their customer-centric approach and strong financial stability make them a formidable rival.
• Prudential Financial: As a global financial services leader, Prudential Financial stands out as a major competitor for Landmark. Their wide array of insurance and investment solutions, coupled with a strong brand presence, pose a significant challenge.
• MetLife: With a vast customer base and a range of insurance products, MetLife competes directly with Landmark. Their focus on innovation and technology-driven solutions presents a competitive edge in the market.
• New York Life: Renowned for its financial strength and stability, New York Life is a key player in the life insurance sector. Its diverse product portfolio and long-standing reputation make it a tough competitor for Landmark.

In the dynamic landscape of life insurance, Landmark faces robust competition from established players like Guardian Life, Prudential Financial, MetLife, and New York Life. Understanding the strengths and strategies of these competitors helps gauge Landmark’s standing and underscores the need for innovation and customer-centric approaches to thrive in this competitive arena.

Customer Reviews of Landmark Life Insurance

Landmark Life Insurance has received a variety of customer reviews, with opinions ranging from positive to negative. Here’s an overview of what customers are saying about the company:

Strengths:

• Some customers report that the application process for coverage with Landmark is quick and easy, with many saying they were approved for coverage within a few days of submitting their application.
• Many customers report that the rates offered by Landmark are competitive compared to other life insurance providers.
• Some customers appreciate the variety of policy options available from Landmark, which allows them to choose a policy that fits their unique needs and budget.

Weaknesses:

• Some customers report that they experienced issues with customer service, including difficulty getting in touch with representatives and slow response times to questions or concerns.
• Some customers have reported unexpected premium increases, which they found to be frustrating and difficult to manage.
• A few customers have reported issues with the claims process, including long wait times to receive payouts and difficulty getting claims approved.

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