Life Insurance Offered By Banks

Aig is a popular insurance company offering a variety of life insurance plans. A question of the week this week is about life insurance offered by a credit union or a bank or some entity like that. Bank s offer of free insurance is dubious way to appreciate customers.

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Bank owned life insurance is a type of life insurance bought by banks as a tax shelter leveraging tax free savings provisions to fund employee benefits.

Life insurance offered by banks - So there aren t a lot of accidental death claims compared to say conventional life insurance or health coverage. So because we re life insurance agents our brains immediately went hmm. Welcome to texas first bank where you can get free no obligation life insurance quotes.

However at their local branches i was told that the bank reps were licensed to sell life insurance. So in the mail we received this offer for life insurance uh from a credit union and on the outside of the envelope it says 25 000 of life insurance for only 13 a month. The upside to all of this is that protective is a great life insurance company.

Based on this information i assume that if they do offer life insurance it either through protective life insurance or like most banks they outsource to a third party. Compare pricing and benefits and then apply online for coverage. In 2019 aig underwrote more than 3 5 million individual life insurance policies in the u s representing 2 7.