Family Life Insurance Company
Family Life Insurance Company offers whole life and term life insurance, with a focus on mortgage protection policies. Family Life Insurance costs are not available online, but you can get a Family Life insurance quote by contacting an agent. Read our Family Life Insurance Company review to learn more about their parent company, Manhattan Life.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
UPDATED: Feb 13, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one 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 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 insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Feb 13, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one 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 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.
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What is Family Life Insurance Company?
Founded in 1949, Family Life Insurance Company wrote only mortgage protection policies for the majority of their history. They later added other types of life insurance as well as Medicare supplement policies. You can see our review of the Medicare insurance options here.
Family Life became part of the Manhattan Life Insurance group of companies in 2006.
Because they are now part of Manhattan Life, they no longer operate an independent website. This makes it difficult to clarify which of the products offered on the Manhattan Life site are actually underwritten by each of the companies in the group. The fine print states that the listed product may be written by one of several companies, including Family Life.
Family Life products are sold through independent agents across the United States. Their headquarters is in Austin, Texas. Your one-stop online insurance guide. Get free quotes now!
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Read more: Family Life Insurance Company Review & Complaints: Medicare
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What types of insurance products are offered?
As we have already separately reviewed the Medicare Supplement plans, this review will focus on life insurance products. As previously stated, it’s difficult to determine which of the life products on the Manhattan Life website are specifically underwritten by Family Life. It appears that any group company, depending on location and other factors, may underwrite any one of the listed policies. As a result, we will look at all the listed plans, even though Family Life may not underwrite them in all areas, or at all.
Term Life
Term life insurance products are offered in both simplified issue and fully underwritten forms. Simplified issue products generally have a maximum face value of $250,000, while fully underwritten life insurance coverage is offered in higher amounts. (For more information, read our “Understanding Life Insurance Face Value“).
The Viva line of products is simplified issue, and includes three choices: Professional, Living Benefit, and Family Plan. All of these plans have a 20-year level term for ages 18-55, and a 15-year level term for ages 56-60. The Family Plan can include a spouse and children’s rider, and all plans have a variety of rider options.
Read more: Best Life Insurance Policies for My Spouse
The Family Protection EZ is also a simplified issue life insurance policy, with a range of term length choices from 10 to 30 years.
The MCI Gold Plan is the mortgage protection product; like most such plans it is a term life insurance policy with a variety of riders and term lengths ranging from 10-30 years.
Finally, the Family Protection Select is the fully underwritten term life option. This life insurance policy allows a higher death benefit, has standard and preferred underwriting classes, and level term options from 10-30 years.
Read more: What is a simplified issue life insurance policy?
Whole Life
There are two whole life insurance policy options available.
The first option is Viva Lifetime, which is a simplified issue life insurance policy. It can be issued as a juvenile policy with a death benefit up to $50,000, or as an adult policy with a death benefit up to $100,000. This plan offers three payment options: LifeTime Pay, 20 Pay, and Paid-up at 65.
The fully underwritten whole life option is Family Protection Premier. This can also be issued as a juvenile plan with face values up to $150,000, or up to $3 million for an adult policy. Payment options on this plan are even more varied, including LifeTime Pay and Paid-up at 65 as well as several payment timelines ranging from 5 to 20.
If you’re the breadwinner of the household, you want to be sure you have enough life insurance coverage to help your family pay the bills when you’re gone.
As your family grows and your needs change, you want to ensure your provider can grow with you to give you the peace of mind of knowing that your loved ones will be taken care of after you’re gone.
Read more: Manhattan Life Medicare Review: Medicare Supplement Insurance
Are the company’s rates competitive?
As an agent-driven company, it is not surprising that Family Life or other Manhattan Life companies do not offer an online quoting option. Rates for simplified issue policies generally tend to be higher than those that are fully underwritten because they avoid any medical issues that might exist. Overall, we would not expect this company to be competitive with larger insurers in terms of rates, but that may not be accurate for all applicants.
While no one likes to think about their ultimate demise, affordable life insurance offers financial security to those who rely on you in the worst-case event that you’re no longer around.
Can claims be filed online?
Family Life does offer an online claim filing option, however, this can only be done by logging into the Client Services portion of the website. This may be frustrating for a beneficiary attempting to file a claim without the login information for the policyholder who has passed away.
Assistance with filing a claim can be obtained by contacting the agent or by calling the toll-free number provided on the contact page of the website. Overall, there is limited information offered on life insurance claims.
Read more: How to File a Life Insurance Claim
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Are the ratings and consumer reviews positive?
Family Life Insurance Company has three policyholder complaints on file with the Better Business Bureau (BBB) in the past three years and has an A+ rating.
Aside from the BBB, we were unable to locate additional policyholder ratings of the company. This is likely due to the fact that they operate under the Manhattan Life umbrella; frequently lesser-known companies like Family Life have few reviews and the better-known name, in this case, Manhattan, receives most of the complaints.
If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
Family Life Insurance Company: What’s the Bottom Line?
The amalgamation of Family Life Insurance Company with Manhattan Life makes it difficult to separate this company from its parent. Furthermore, there is so little information – including which of the listed policies Family Life actually underwrites – that forming a clear opinion of this company is difficult. Your one-stop online insurance guide. Get free quotes now!
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Frequently Asked Questions
What happens if I have a policy with Family Life Insurance Company and I move to a different state?
Family Life Insurance Company products are available nationwide, so your policy should remain in force even if you move to a different state. However, it’s important to update your contact information and address with the company to ensure effective communication and documentation. It’s advisable to contact Family Life Insurance Company directly to inform them about your relocation and update your policy information accordingly.
What payment options are available for the whole life insurance policies offered by Family Life Insurance Company?
Family Life Insurance Company’s whole life insurance policies offer various payment options depending on the specific plan. For example, the Viva Lifetime policy has payment options such as LifeTime Pay, 20 Pay, and Paid-up at 65. The Family Protection Premier plan offers even more varied payment options, including:
- LifeTime Pay
- Paid-up at 65
- Several payment timelines ranging from 5 to 20 years.
The available payment options may vary based on the policyholder’s age and the coverage amount.
Where are Family Life Insurance Company’s products sold?
Family Life Insurance Company’s products are sold through independent agents across the United States. As they don’t operate an independent website, connecting with a licensed agent is the best way to learn more about their products, receive quotes, and make a purchase.
What are the ratings and consumer reviews for Family Life Insurance Company?
Family Life Insurance Company has an A+ rating with the Better Business Bureau (BBB) and has three policyholder complaints on file in the past three years. Due to their association with the Manhattan Life group, there may be limited additional policyholder ratings and reviews specifically for Family Life Insurance Company.
Can I cancel my life insurance policy with Family Life Insurance Company?
Yes, you can typically cancel your life insurance policy with Family Life Insurance Company. However, the process and any associated fees or penalties may vary depending on the specific terms and conditions of your policy. It is recommended to contact Family Life Insurance Company directly and speak with a representative who can guide you through the cancellation process and provide you with the necessary information.
What is the grace period for premium payments with Family Life Insurance Company?
The grace period for premium payments refers to the amount of time you have after the due date to make a payment without your policy lapsing. The specific grace period for premium payments may vary depending on the terms of your policy with Family Life Insurance Company. It is advisable to review your policy documents or contact the company directly to determine the exact grace period and understand any applicable provisions or consequences.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.