Zander Insurance is one of the oldest independent life insurance agencies in America, dating all the way back to the 1920s.<\/p>\n
Independent life insurance agencies are nothing new. But Zander Insurance has taken its business to the next level.<\/p>\n
They offer their services online to a nationwide market.<\/p>\n
No matter where you live, you\u2019ll be able to obtain life insurance from Zander Insurance.<\/p>\n
As an insurance agency, they offer access to policies provided by a large number of companies.<\/p>\n
That will give you the advantage of getting life insurance quotes from multiple providers by using the quoter on their site.<\/p>\n
You\u2019ll then be able to select the provider with the lowest premium.<\/p>\n
In this review:<\/strong><\/p>\n Zander Insurance is based in Nashville, Tennessee, and has been in business since 1925.<\/p>\n The company is 49% employee-owned, which means when you deal with company staff, you\u2019ll be dealing with the owners.<\/p>\n The company provides multiple insurance policy types. These include life insurance, disability, auto, health, homeowners, and long-term care insurance.<\/p>\n They also provide business insurance.<\/p>\n Zander Insurance is an independent agency that does not offer its own insurance products.<\/p>\n Instead, they offer insurance policies provided by major life insurance companies<\/a>.\u00a0 Some of their providers include:<\/p>\n Zander Insurance seems to be a favorite of the personal-finance and insurance guru Dave Ramsey.<\/p>\n He frequently recommends the company and is extensively quoted on the Zander Insurance website.<\/p>\n The company is not rated by major insurance rating services, like A.M. Best, since it isn\u2019t a direct insurance provider.<\/p>\n But it does have a Better Business Bureau rating of A+, which is the highest rating the BBB has.<\/p>\n The agency has accredited the company since 2004.<\/p>\n On the life insurance front, Zander Insurance offers only term life insurance coverage<\/a>.<\/p>\n Cash value policies, like whole life and the various universal life products, are not available.<\/p>\n Specifically, term policies are available in terms ranging from 10 years to as long as 30 years.<\/p>\n Policy death benefits range from a low of $50,000 to as high as $10 million.<\/p>\n When you complete an online quote request through the site, you\u2019ll receive quotes from multiple participating providers.<\/p>\n You can then choose the policy that will work best for you.<\/p>\n Each insurance company participating on the Zander Insurance website will likely offer its own menu of term life insurance riders.<\/p>\n But the company recommends only child term riders.<\/p>\n These are riders that extend life insurance coverage to your dependent children.<\/p>\n For example, let\u2019s say you have a $500,000 policy on your own life. If so, you can also add smaller policies for your children. You might add $25,000 or $50,000 to each child.<\/p>\n You can add a child rider as soon as a child is born. And it will remain in force until the child reaches age 21, 23, or 25 (depending on the company issuing the policy).<\/p>\n No other policy riders are described on the website. And Dave Ramsey is even quoted on the site as recommending against all riders except child riders.<\/p>\n Ramsey suggests that riders are designed primarily to increase the premium. And thus, increase the revenue to the insurance company and agent of the policy.<\/p>\n The Zander Insurance website isn\u2019t entirely clear on eligibility requirements. For example, there\u2019s no indication of what the specific health qualifications are.<\/p>\n It doesn\u2019t indicate exclusions for certain chronic health conditions, or even age ranges.<\/p>\n To get quotes, you\u2019ll need to provide the following information:<\/p>\n The health questions are particularly vague. You\u2019ll have the option to enter one of four categories: preferred plus, preferred, standard plus, and standard.<\/p>\n Those are insurance industry terms that won\u2019t be familiar to the average consumer.<\/p>\n There is a link just below the question that provides instructional information on the requirements for each classification.<\/p>\n For example, a classification of preferred plus will be evidenced by the following:<\/p>\n A preferred plus rating will also exclude any previous episodes of cancer, except certain types of skin cancer, as well as no diagnosis of (or death from) heart disease in either parent before age 60.<\/p>\n There\u2019s also some limitation if one or more parent was either diagnosed with cancer or died from the disease before the age of 60.<\/p>\n In completing the application, you\u2019ll need to be very careful which of the four health classifications you list yourself as.<\/p>\n If you describe yourself as preferred plus, when you would be better classified as standard plus, any insurance quotes you receive will be inaccurate.<\/p>\n The company you make a formal application with will do an investigation of your true medical condition. They may even require a medical exam.<\/p>\n So the final premium may be significantly higher than any quotes you receive.<\/p>\n\n
About Zander Life Insurance<\/h2>\n
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Zander Life Insurance Ratings<\/h2>\n
Life Insurance Products Offered<\/h2>\n
Life Insurance Riders Offered<\/h2>\n
Eligibility and Application Process<\/h2>\n
How to Get Quotes<\/h3>\n
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Health Questionnaire<\/h3>\n
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Medical Exam<\/h3>\n