Vantis Life Insurance Company has been offering life insurance coverage to its clients and prospective clients since the early 1940s.
Over the past 80 years, Vantis Life has grown significantly, and it now services just about $5 billion of in-force life insurance coverage.
The insurance company additionally offers various annuity products that help clients and prospective clients establish realistic goals for retirement planning.
In This Review:
Vantis Life Insurance
Vantis has a specific focus on providing affordable life insurance products for hard-working individuals and families.
The company also prides itself in supplying outstanding customer service so that policyholders understand precisely what they’re buying, and can update their policy coverage in conjunction with life events.
Vantis Life Insurance Company maintains its headquarters in Windsor, Connecticut; the available insurance products are distributed via a sales force of captive agents and other financial companies and organizations.
Vantis Life Financial Ratings
An insurance company’s financial ratings represent whether or not the company will be able to keep its promise to pay a covered claim at some point in the future (which in most cases could be decades).
Although finding life insurance products at the lowest possible rate is important, a low price will not matter if the carrier cannot keep its promise to pay your beneficiary if or when the worse thing happens.
Vantis Life Insurance Company currently maintains an A+ rating with A.M. Best and an A+ rating with the Better Business Bureau.
Vantis Term Life Insurance
Like many of the highly-rated national life insurers, Vantis offers a comprehensive selection of life insurance products to meet the needs of its clients and prospective clients.
Vantis Term Life Insurance
Vantis Life offers the traditional term life insurance options that are similar to other highly-rated national carriers. You can select a face amount (death benefit) of $100,000 to $5 million with policy terms of 10, 15, 20, 25, or 30-years depending on the product you choose.
Vantis Super EZ Life
The company’s most simple and basic term policy is called Super EZ Life and provides up to $300,000 in life insurance coverage for up to 20 years, and there is no medical exam required for applicants who qualify.
The premiums are level for the term selected, and policies will be issued to applicants up to age 60.
For individuals seeking even more life insurance coverage or a longer term, the VantisTerm product will likely be the most appropriate option.
With the VantisTerm policy, applicants have a choice of 10, 15, 20, 25, or 30-year terms, and can apply for as much as a $5,000,000 death benefit, and the policy can be converted to permanent insurance without having to worry about insurability issues.
Contrary to the Super EZ Life term product, VantisTerm does require a life insurance medical exam.
As the “return of premium” option has grown in popularity over the past 10 to 15 years, Vantis Life Insurance Company has entered the niche with VantisTerm ROP.
The VantisTerm ROP policy is a level term product that offers insurance coverage for 20, 25, or 30 years, and provides for the insurer to refund all premiums paid in a lump sum tax-free refund if the policyholder outlives the policy term.
Vantis also offers a partial return of premium, which means the policyholder can get a portion of the paid premium back before the end of the policy’s term if you intend not to keep the policy in force until the expiration date. This strategy is similar to surrendering for cash value and is a non-taxable event.
Vantis Permanent Life Insurance
To meet the needs of applicants who prefer permanent life insurance coverage, Vantis Life has a variety of plans under its Permanent Life Insurance Coverage product line:
Vantis Straight Life
Straight Life is a conventional whole life insurance policy with level premiums for the life of the policyholder. Applicants up to 70 can be approved, and both premiums and death benefits are guaranteed to never change for the life of the policy.
Just like all traditional whole life insurance products, this policy has a cash value account that grows on a deferred tax basis and can be accessed via policy loans.
Vantis 20-pay Whole Life
The 20-pay whole life policy is just about identical to the Straight Life option, but the premiums are increased, which allows the policy to be totally paid up in 20 years.
This is an excellent option for applicants who prefer lifetime insurance coverage without lifetime payments.
Vantis Paid-Up at 65
Last but not least, the Paid-Up at 65 option allows the policyholder to pay the entire premium by age 65, which tends to complement retirement years for most individuals.
Paying to age 65 frees up cash flow for policyholders and can actually be accomplished in as few as ten years.
Vantis Guaranteed Golden Final Expense Policy
If permanent life insurance coverage is your goal, but you want a lower face amount, the Guaranteed Golden serves as Vantis Life’s final expense policy.
Although the maximum death benefit is just $20,000, applicants can purchase final expense life insurance with no exams, and no medical questions.
The full death benefit is not available until after the first two policy years unless death is the result of a covered accident.
Vantis Life EstateWise Single Premium Whole Life
Finally, Vantis Life’s EstateWise Single Premium Whole Life policy is designed specifically for applicants who choose to take advantage of funds they have now with a one-time payment towards a life insurance policy.
This will pass along tax-advantaged cash to their beneficiaries in the most effective way possible.