Nassau RE Life Insurance Review & Complaints

Nassau RE life insurance provides term life and final expense insurance. Customers can find affordable Nassau RE life insurance starting at $16.14 per month. Nassau RE has been rated a B+ by A.M. Best and an A+ by the Better Business Bureau. Learning more about Nassau RE life insurance will help you determine if it’s the right fit for you.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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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 insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Feb 8, 2022

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The Highlights

  • Nassau RE provides term life and final expense insurance
  • Nassau RE offers competitive rates starting at $16.14 per month
  • Nassau RE has been rated a B+ by A.M. Best

Nassau RE provides term life and permanent life insurance. The company has competitive rates when compared with the top competitors. Additionally, the company includes riders and has been rated a B+ by A.M. Best.

Knowing more about Nassau RE life insurance will help you decide if the company is a good fit.

Before starting this Nassau RE life insurance review, enter your ZIP code to find free life insurance rates in your area.

Does Nassau RE life insurance have competitive rates?

For many customers, the cost of life insurance is the primary factor when choosing a company. Comparing the rates of the best insurance companies will help you determine if a company you’re considering is cost-effective.

The following chart shows the average monthly male Nassau RE life insurance rates compared with other companies based on age.

Male $20,000 Whole Life Average Monthly Nassau RE Life Insurance Rates vs. Other Companies by Age

CompanyAverage Monthly Rates for a 50 Year OldAverage Monthly Rates for a 60 Year OldAverage Monthly Rates for a 70 Year OldAverage Monthly Rates for a 80 Year Old
American-Amicable$58.96$88.88$150.50$300.08
Americo$60.33$83.56$142.06$287.51
Assurity$55.44$81.10$143.90$308.93
Foresters$60.85$87.22$142.66$290.33
Liberty Bankers Life$56.39$86.97$141.99$288.97
Mutual of Omaha$55.11$82.31$144.20$262.11
Nassau RE$56.16$82.40$141.34$289.69
Settlers$62.90$90.61$145.69$291.13
Transamerica$57.89$84.05$145.74$276.88
United Home Life$57.68$85.03$144.91$272.05
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The following chart shows the same information for females.

Female $20,000 Whole Life Average Monthly Nassau RE Life Insurance Rates vs. Other Companies by Age

CompanyAverage Monthly Rates for a 50 Year OldAverage Monthly Rates for a 60 Year OldAverage Monthly Rates for a 70 Year OldAverage Monthly Rates for a 80 Year Old
American-Amicable$49.28$71.81$114.75$218.24
Americo$45.32$64.07$103.06$221.75
Assurity$48.77$67.28$110.62$225.58
Foresters$48.95$67.67$103.69$219.01
Liberty Bankers Life$46.51$64.71$104.95$213.69
Mutual of Omaha$46.14$62.53$103.28$193.66
Nassau RE$49.12$68.78$106.37$216.34
Settlers$52.02$72.76$111.52$226.95
Transamerica$47.07$63.87$104.41$204.65
United Home Life$47.76$66.49$100.59$204.87
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As you can see, you can find affordable Nassau RE life insurance quotes compared with the best companies. Additionally, rates are lower for females than males, increasing as customers age.

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What policies are available from Nassau RE life insurance?

Nassau RE provides term life and final expense insurance for customers. Until recently, the company also offered universal life insurance, but they have discontinued that offering. Learning more about available options will help you determine if this company has the right plan for you.

Nassau RE provides short-term coverage through its Safe Harbor Term Life plans. Both plans are available in 10, 15, 20, and 30-year terms. Customers between 18 and 80 are eligible. However, the values depend on your age and the specific plan chosen.

The company provides a simplified issue express plan and the fully underwritten non-express plan. Neither option requires a medical exam, but all applicants must fill out a medical questionnaire.

The primary difference between the two options is that the non-express plan offers a higher value. The express plan ranges from $25,000 to $400,000 and the non-express plan ranges from $50,000 to $500,000.

The non-express plan might also require an Attending Physician’s Statement (APS), depending on your answers to the questionnaire. The express option never requires an APS. Additionally, the underwriting process for the non-express plan is typically longer than for the express policy.

Nassau RE’s whole life option is final expense insurance. Known as the Remembrance Life policy, this coverage is available for customers 50 years and older and pays for end-of-life costs. The plan ranges from $10,000 to $50,000 in value and includes all riders.

What riders does Nassau RE life insurance offer?

Most life insurance companies offer options that customers can add to a policy. These options are known as riders and allow policyholders to customize a policy to meet their needs. While companies include some riders with policies free of charge, most are available for a fee.

There are only two Nassau RE life insurance company riders available. The accelerated death benefit rider allows customers to access up to 95% of their death benefit if they’re diagnosed with a terminal illness. This rider is included in all policies if the insured has a terminal illness.

The other rider is the accidental death benefit rider, which pays an additional lump sum if the insured dies from an accident covered in the policy. This rider is included free of charge with the Remembrance Life plan, and customers can add it to term life plans for a fee.

How is Nassau RE life insurance rated?

Life insurance companies are regularly reviewed and rated by credit rating agencies. These ratings determine the company’s ability to provide a payout when customers file a claim.

Nassau RE has been rated a B+ by A.M. Best, the most trusted rating agency. This rating is lower on the agency’s scale and indicates that the company might have trouble providing a payout in some situations.

The Better Business Bureau (BBB) reviews and rates companies based on business practices. The BBB has given Nassau RE an A+ rating. This rating indicates that the company is transparent and trustworthy when dealing with customers.

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Does Nassau RE life insurance have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) examine complaints made about insurance companies. Looking at complaints made about companies helps customers determine their quality of service.

At the time of this review, the BBB has received three complaints about Nassau RE during the past three years. Two of the three complaints have occurred in the past 12 months and center on the company’s services, billing, and delivery.

According to the NAIC, Nassau RE has received five complaints. Additionally, the company’s NAIC complaint index ratio is 0.79, indicating that Nassau RE has fewer complaints than the average company of a similar size.

How can you file Nassau RE life insurance claims?

Nassau RE allows customers to file claims easily online. Customers can do so by entering their Nassau RE life insurance login and following a three-step process, which includes:

  • Notifying the company of the death
  • Sending the company the original death certificate
  • Sending the company details of any related trust

If you prefer to file a claim over the phone, you can do so by calling the Nassau RE life insurance phone number at 1-877-815-8097. Representatives are available during the company’s business hours, which include:

  • Monday to Friday between 9:00 a.m. and 5:00 p.m.

In most cases, you can upload any information the company requests online. However, you can also send the information to the Nassau life insurance company claims address at PO Box 22012, Albany, NY 12201-2012.

How can you make Nassau RE life insurance payments?

Nassau RE allows customers to make payments online or by phone. Customers can use their Nassau RE login to access the customer portal, where they can make payments or set up a payment schedule.

Additionally, customers can make payments by calling 800-349-9267. Payment options include credit and debit cards.

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How can you cancel a Nassau RE life insurance policy?

As previously mentioned, customers that buy Nassau RE life insurance can file claims online. However, the company doesn’t allow customers to cancel policies online. Instead, the company requires customers to call the company to cancel a policy.

When calling to cancel a policy, the representative will likely attempt to get you to change your mind about the cancellation. However, the actual cancellation process is quick and easy.

Who is Nassau RE life insurance?

Nassau RE dates back to 1851 when a group of religious and business leaders in Hartford, Connecticut started the American Temperance Life Insurance Company. The purpose was to provide coverage for people who abstained from drinking alcohol.

The company expanded to include all residents in 1860 and renamed itself the Phoenix Mutual Life Insurance Company. The company remained Phoenix Mutual Life Insurance until Nassau bought it, renaming it the Nassau RE Companies of New York.

Nassau RE Life Insurance: The Bottom Line

Formed from the acquisition of the Phoenix Mutual Life Insurance Company, Nassau RE provides term life and whole life coverage to customers. The company has competitive rates and has been rated a B+ by A.M. Best.

Learning more about Nassau RE life insurance will help you determine if the company is right for you.

Now that you know about Nassau RE life insurance, enter your ZIP code to get free life insurance quotes in your area.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

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