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Life Insurance Company of The Southwest Review

life insurance company of the southwest

Written By Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent close to 30 years in the insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health.  Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

Holly Mitchell  &

Holly Mitchell’s background in life insurance insurance goes back to 1985 when she worked for her father who was a New York Life agent. Holly has a marketing degree from Auburn University and has had a life insurance license since 2008. In addition to advising life insurance for customers all around the country, Holly is our website fact checker.

Rob Pinner   &

Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

Louis LaBash

Results-driven and innovative life insurance professional with 30 plus years of life insurance industry sales and marketing experience. Recognized as a pioneer in the field, leveraging phone and internet channels to exceed personal sales of over $100 million during the first decade of the 21st century. Creator of a highly effective intuitive IUL life insurance sales software that facilitated the sale of millions of dollars of indexed universal policies by numerous life insurance agents. Proven track record as a Managing General Agent (MGA), Life Agent, IUL Life Insurance Sales Software developer, and leading-edge creator of insurance marketing tools, educational content, and delivery systems.

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We know finding the right life insurance policy can be difficult.

There are thousands of companies to choose from, and you and your family have unique needs.

For some, getting life insurance coverage in force quickly is essential. With Life Insurance Company of Southwest, shoppers can meet that need.

Let’s find out if Life Insurance Co. of the Southwest offers the best life insurance policy for you.

Life Insurance Company of the Southwest

Texas-based Life Insurance Co. of The Southwest was acquired by National Life Group of Vermont in 1999 and now operates under that name.

National Life Group has been in business since 1848, and A.M. Best has issued an A rating for the company, so policyholders can feel confident about owning coverage from LSW.

National Life Group also has an A+ (non-accredited) rating from the Better Business Bureau (BBB).

Given its strong financial foundation and excellent reputation, LSW policyholders can have peace of mind in knowing their loved ones are well-protected.

This is a must for a life insurance partner, and LSW checks this box.

So let’s move on to coverage details to see whether this company could meet your specific needs.

LSW Life Insurance Products

Life Insurance Co. of the Southwest offers multiple policy options designed for families and individuals.

No Medical Term Life Insurance

With this 1-Click Coverage product, policy face amounts can range from $25,000 up to $350,000 which is on the larger side for no-exam policies.

No-exam applicants can often get a decision on their application within 5 minutes.

With this no exam coverage, you can be approved at preferred rates if you are in excellent health.

Some of the key policy features of the Life Insurance Company of Southwest’s 1 Click Coverage include:

  • Coverage Amounts Range from $25,000 – $350,000
  • Term Lengths of 10 years, 15 years, 20 years, or 30 years
  • Renewable to age 95
  • Monthly or Annual Payments
  • Replacement of existing life insurance coverage is acceptable.
  • This coverage is not available in New York State.

Whole Life Insurance

These permanent policies offer a guaranteed death benefit and accumulate a cash value.

LSW specializes in this kind of coverage, building in living benefit riders such as the accelerated death benefit in case of a terminal, chronic, or critical illness.

Since National Life Group is a mutual company — one of the nation’s first mutual companies, in fact — whole life policy owners can receive dividends which can subsidize the cost of this coverage.

Life Insurance Company of The Southwest’s whole life policies feature level premiums that are guaranteed to never change.

Universal Life Insurance

With a flexible premium and flexible death benefit, universal life insurance policies offer the potential for additional interest credits with a guaranteed minimum interest rate.

Unlike whole life, universal life insurance policies do not guarantee the death benefit or level premiums, but policyholders buy this kind of coverage because it is more flexible.

Universal life has a couple of variations that LSW provides:

Indexed Universal Life

IUL policies have a cash value component that grows based on changes in a stock market index.

Variable Universal

Variable universal life insurance from LSW gives the policyholder the ability to choose how their cash value is invested.

This kind of policy works best for hands-on investors because heavy losses could jeopardize the policy’s viability.

How to Apply with Life Insurance Company of The Southwest

Compared to a lot of older, traditional life insurance companies, applying for an LSW policy from National Life Group is easy and convenient.

The process can take place 100% online.

There is no need to ever meet or talk to an insurance agent or a paramedical professional when you apply for no-exam coverage.

You can sign all papers electronically, which is more important than ever during the COVID-19 pandemic.

Applicants are required to answer only 12 health-related questions on the application. Upon approval – which can typically occur within just minutes – the policy is emailed to the insured within 24 hours.

Making premium payments is easy, too. Payments can be made either through debit or electronic funds transfer (EFT) from a checking or savings account.

Your automatic payment draft dates can also be adjusted once the policy is in force.

National Life Group also provides annuities and investment products such as individual retirement accounts (IRAs) but since this is a life insurance review, I won’t discuss those products.

Additionally, National Life Group can be a source of employee benefits for companies large enough to offer them.

Because there is no medical exam, LSW can be ideal for someone who needs coverage quickly.

With no medical exam policies, you can get coverage much quicker than with a medically underwritten policy.

Likewise, without the need to schedule a medical examination, this coverage can also be good for those who are extremely busy and need coverage quickly.

For example, business owners often need life insurance to use as collateral before closing on an SBA loan. This coverage can easily solve that need.

The birth or adoption of a child will also bring with it the need for life insurance coverage in many states.

Getting a policy into place quickly can provide peace of mind in knowing that the child’s financial needs are covered.

Alternatives to Life Insurance Company of the Southwest

For other shoppers, a Life Insurance Co. of the Southwest policy from National Life Group won’t be the best fit.

For example, those who have pre-existing health issues such as diabetes, heart disease, or cancer may wish to seek alternative coverage.

Likewise, shoppers in good health who don’t mind taking a medical exam can save a lot by getting a medical exam.

They can also unlock much higher coverage amounts — well into the millions of dollars in many cases — by taking the medical exam.

Because our independent agency works with numerous quality life insurance companies, we can help match you with the best possible coverage for your specific situation and needs.

Even if you aren’t in perfect health, don’t assume that you can’t be approved for a medically underwritten policy.

There are dozens of insurance companies that specialize in working with high-risk applicants.

If you need a life insurance policy and have specific challenges, we can help you find the best policy for you and your family.

Compare Rates with Life Insurance Co. of the Southwest

For more information or to obtain a quote, simply fill out the form on this page or contact us directly by calling 800-712-8519.

Serious shoppers who plan to get multiple rates from a variety of companies should consider using an independent agent.

Unlike a traditional insurance agent, we represent dozens of companies across the United States and have no allegiance to one particular company. This frees us up to put your needs first.

Every insurance company calculates insurance premiums differently, which means that you could get drastically different quotes for the same amount of coverage.

Instead of wasting all of your time calling different companies, let us bring all of the rates directly to you.

Doug Mitchell, CLU

Doug Mitchell, CLU

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent close to 30 years in the life insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health. Some other notable items about Doug: Top of the Table Million Dollar Round Table member (MDRT). (MDRT is a global, independent association of the world’s leading life insurance advisors) | Premier Partner with Lincoln Financial and Cabinet Member | Served two years as President of the Auburn/Opelika Association of Financial Advisors | Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award | New York Life, Executive Council Member | Currently serves as President of Ogletree Financial, a life insurance General Agency. | Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

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