With the backing of a Fortune parent company, Lafayette Life Insurance is a great choice when you are looking for several options for term or whole life insurance. However, these are the only products that it offers, making it ill-suited for those looking for other options like variable or universal life insurance. Established in , Lafayette Life Insurance Company offers life insurance and annuity, retirement, and business products.
It is also a Fortune company, giving Lafayette added support and resources. Lafayette policies are available via a national network of independent agents. Lafayette Life services 49 U. However, coverage is not available in New York. Lafayette is not one of our top-rated life insurance companies. You can review our list of the best life insurance companies for what we think are better options.
Lafayette has limited options when it comes to its life insurance options. There is also a level death benefit to age This can be converted into a permanent life policy without proof of a medical exam. Lafayette offers seven plans for whole life insurance:. Not every policy may be perfect, but the addition of riders could make a good policy even better for your needs. Lafayette offers three different riders for its life insurance policies. Rider availability may vary by state, so be sure to inquire about which options are available for your policy.
If you need help with your Lafayette life insurance policy, you can call Monday through Thursday between 8 a. EST and Fridays from 8 a. Lafayette does not offer chat support, but there is a contact form available on the website if you prefer to send an email. The National Association of Insurance Commissioners NAIC complaint index weighs the number of customer complaints that a company receives against its market share.
The industry baseline score is 1. This is an increase from when Lafayette did not receive a single complaint and when it received just three. Still, these are impressive scores when compared to other life insurance companies. Lafayette is not rated in J. The J. Power survey rates companies based on customer satisfaction, price, service, and more. Those who make the list are considered the top echelon of companies in the industry. Lafayette offers a "free look" period, which allows you to close your account without penalty when you cancel within the specified amount of time.
