Aetna Life Insurance Review

Here’s our Aetna Life Insurance Review for you. Employer-provided life insurance via Aetna should be fully utilized. Because the insurer requires your employer to cover at least half of your insurance expenses, this is the most cost-effective choice for the majority of policyholders. Aetna, on the other hand, does not allow you to customize your child’s insurance coverage.

Pros and Cons of Aetna

Aetna Life Insurance Review - Aetna Life Insurance Logo

Pros

  • Plans cover you and any dependents you may have.
  • Half of the expenditures are borne by your business.
  • Aetna is well-known in the insurance industry.
  • It’s transportable in case your career path changes.

Cons

  • Plans do not provide you enough flexibility to customize your experience.
  • The core service provided by a group health plan is not life insurance.

Aetna life insurance rates

Additional information regarding Aetna’s expenses might be obtained from your employer. Additionally, bear in mind that your premium will vary based on a number of factors, including your age and gender, as well as your health, geographic area, and lifestyle.

Aetna requires employers to fund at least half of the cost of an employee-only insurance, or $75,000, for employee-only coverage. As a result, you will qualify for a low interest rate.

How to get a quote from Aetna life insurance

It is critical to speak with your organization because Aetna only sells insurance via companies.

What types of life insurance coverage does Aetna offer?

Aetna uses the phrase “group life insurance” to refer to the fact that you’ve selected a policy type for your employees as well. Aetna may provide the following service, using your business as an example:

  • Basic Group Life Insurance. It protects your dependents, like your husband and children, in the event of your death. The benefit may be up to one or two times your annual pay, depending on your organization, with your employer covering the monthly expenditures.
  • Optional Group Life Insurance. Add this to your basic plan to increase your benefit and, if desired, cover yourself or your family members as well. Monthly premiums must be paid, and your rates may increase as you age.

When you leave your employment, you have the option of converting your group whole life insurance to an individual whole life insurance policy. A policy of long-term care insurance is one that may be renewed at any time.

What riders can I add to my policy?

Aetna offers a variety of riders to meet your specific requirements, including the following:

  • Accelerated death benefit rider. When a terminal illness is diagnosed, a clause in your policy kicks in and a portion of your death benefit is paid out.
  • Accidental death insurance rider. If you are killed in an automobile accident, this add-on will provide your dependents with an additional benefit.
  • The conversion process’s rider. You can convert your term life insurance policy to permanent coverage as long as this add-on is active.
  • Rider has wheels for transportation. This rider ensures that you will retain your Aetna group life insurance coverage if you move employment.
  • Rider renounces his or her claim to a higher fare. If you become disabled as a consequence of the accident and are unable to work, this rider will waive your premiums.

Aetna life insurance reviews and complaints

Even though the BBB does not acknowledge it, a good rating indicates stability and good status with the government. Consumers have claimed that Aetna has failed to respond appropriately, earning the business poor star ratings.

Even though AM Best assigned the corporation a positive grade, the company maintains a solid financial position. CVS Health, a Fortune 500 business, owns it and has done so for 18 years. CVS Health is a well-known leader in the sector.

About Aetna

In the United States, Aetna has a substantial presence, having its headquarters in Hartford, Connecticut. Mount Etna, a still-active volcano off the coast of Sicily, inspired the fund’s name. It was established in 1850 as an annuity fund.

Aetna’s primary offering, healthcare, covers more than 23.5 million individuals in 19 states throughout the United States. CVS acquired it in 2018 with the stated objective of establishing “a community-based, open health care paradigm”. It was placed 43rd on the Fortune 500 list at the time of this writing.

How does Aetna protect my data?

According to Aetna, it will not disclose your personal information with other parties for marketing purposes and will keep all correspondence password-protected. Aetna commits to using your information solely for internal reasons, including as processing transactions and maintaining membership records.

Due to the fact that it complies with federal security laws, no one else will be able to access your data without your approval. While on the website, your data is safeguarded by a valid security certificate; nonetheless, cookies are used to track your movements. Aetna commits to using the fewest possible Social Security numbers.

Aetna Life Insurance Claim

From 8 a.m. to 7 p.m. ET everyday, call 800-523-5065 to check the status of your claim or to initiate one.

Depending on the circumstances, the insured’s employer may also initiate the claim.

For another insurance review, visit our review of AccuQuote Life Insurance Review.

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