NRA Life Insurance: A Detailed Guide to Securing the Best Rates in [2024] + YouTube Video
Ensure your family’s financial security through highly-rated NRA life insurance plans, available to members.
As members of the National Rifle Association, we empathize with our peers and advocate for plans that ensure the highest level of protection at the lowest expense.
Over 40 highly competitive carriers are available through us, providing a wide range of life insurance options, regardless of what your specific goal is.
If you are looking for flexible options or a streamlined application, we can provide an optimal solution for you.
Keep reading and we will show you all your NRA life insurance options along with instant rate comparisons from all the top-rated life insurance companies.
Table of Contents
Depending on your age, the NRA life insurance quoting rates can increase by 3.5 to 9% each year. When you apply, you will be locking in your rates and your premium will not go up.
How the Application Process Works
The first step is to connect with an independent agent, otherwise known as a broker, such as ourselves. We represent
all the top-rated companies and act as your connection between yourself and the insurance company.
Once you know which insurer would be the most applicable to apply with, you can apply by phone. Telephone applications take about 15 minutes, which is a breeze compared to completing 30-page paper applications like in the past.
Once the underwriting process has been completed, the carrier will approve you with a health classification, and that is how your rates will be determined.
Life insurance is not a product directly provided by the National Rifle Association; instead, they partner with licensed insurance agents to market these policies.
How to Secure the Lowest Term Life Insurance Rates in 2024: YouTube Video
Discover How We Help Secure the Lowest Rates
1. All applicants are pre-screened to see if they have any medical conditions, dangerous occupations or sports before applying with any insurer. This will eliminate any underwriting glitches or unwanted surprises later in the application process. Medical conditions, dangerous occupations, or sports can have an impact on your rates.
2. We will conduct a side-by-side rate comparison using our quoting system, showcasing rates from over 40 of the most competitive life insurance companies. We will then provide our clients with a printout of these rates for their review.
3. We typically submit applications to multiple carriers to determine which companies offer the best rates. All life insurance companies process their applications differently.
4. Our clients will then benefit from a quick and straightforward telephone application which usually takes between 15-20 minutes to complete.
5. After you finish the application process, we will examine the proposed rates from the given carriers and suggest the insurer offering the most favorable rates.
What Is the Cost if I Apply for Coverage?
For starters, you may use our instant rate quote system to compare life insurance premiums from over 40 life insurance companies. A verbal pre-screening consisting of a few questions will help us identify any medical conditions, risky sports, or hobby activities that could impact your insurance costs.
The carrier’s underwriters are the only ones that can fully determine an applicant’s premiums, and that is only after the complete application process. Whatever is in your medical records, the Medical Information Bureau report and results from your paramed nurse visit will count as determining factors.
Sometimes medical records and visits from a nurse will not be necessary. Medical conditions are going to be the most common variable among all applicants. Applying does not cost a dime, and your agent does about 90% of the work.
Did You Know That Life Insurance Rates Are Regulated by Law?
Every state has a Department of Insurance Regulation responsible for overseeing insurance-related activities to ensure your safety.
Did you know that all life insurance rates are regulated by law? Running multiple quote engines from one website to another is redundant and a waste of your valuable time. Most NRA members have better things to do than look at duplicate rates on websites.
Insurance companies publish rates, which do not vary regardless of who you apply for. In addition, each state’s Department of Insurance strictly regulates insurance premiums. You can compare all the top insurers in our instant quoting system.
By law, all life insurance rates are regulated to ensure equal protection, resulting in identical premiums for the same plan and insurer, regardless of the purchaser.
How Can I Obtain the Lowest Rates?
The simplest way to ensure you will get the best rates is to compare the rates of all of the most competitive
companies. You can easily do this with our website’s rate comparison system. The rates you will see are pulled directly from each insurer’s data server.
If their rates fluctuate up or down, they will immediately be reflected in our quoting tool. All of the best life insurance rates for NRA members will be visible in our quoting system.
We will also perform this quote comparison process for you at no cost or obligation. Knowing what options you have before you consider completing an application will give you an idea of what companies will offer you the best life insurance rates and be the smartest choice to apply with.
A medical condition or involvement in a dangerous occupation/sport could be a factor in determining your life insurance premiums.
Factors Carriers Use to Calculate Your Premiums
Insurers consider several essential aspects when determining your health classification, as detailed here:
Health History:
Life insurance underwriters must know and understand your overall health in order to approve you for the best health classification. Your current health status is the single most important factor in determining your premiums.
Tobacco Use:
If you smoke cigarettes you will be issued a smoker rate classification. Any other form of tobacco use can affect your rates, even chewing tobacco.
Occupation:
Dangerous occupations can also affect your application if there is a higher risk of being killed on the job. You can refer to our blog post dedicated to dangerous occupations with a higher probability of job related accidents.
Sports & Hobbies:
Hazardous sports and hobbies that could be life threatening have to be taken into consideration. On average, the latest statistics show that 11% of deaths in the United States each year are as a result of someone’s hazardous sport or hobby.
Driving Record:
Applicants that drive with a history of alcohol or drug use will be considered high-risk applicants and could possibly be declined. Even a record of back-to-back speeding violations can affect your premiums.
Parental Health History:
If your parents pass away before age 50 from heart disease or cancer, it may indicate a possible genetic transfer to your health in the future. This risk is something insurers have to consider when underwriting an application for life insurance.
Medication Use:
The type of medication you take may be a concern but sometimes it will be considered a plus to have on your application. Life insurance carriers often appreciate applicants who use medication, which shows that they take an interest in preserving their health.
Height & Weight:
If you are overweight or obese, your health classification could possibly be affected depending on your specific height and weight. A person that is overweight is at a greater risk of heart attacks or strokes.
What Life Insurance Alternatives Should I Explore?
You have three main choices in plan designs:
Term Life Insurance:
Keep in mind that term life insurance is a temporary product. These types of plan designs will pay a death benefit for a specified period of 10-30 years. Banner Life now also offers 35 and 40-year term policies also. Term life insurance will offer you the best NRA life insurance quotes with no close second.
Universal Life:
This permanent form of coverage, referred to as universal life, will stay in force for the entire length of the insured’s life. You can purchase it with either a cash-value option that builds interest or an inexpensive option with no cash value.
Whole Life:
This is the oldest form of life insurance in existence. The plan, designed to be known as Whole Life Insurance, provides permanent coverage with a cash value savings component. The issue is that whole life policies are too expensive.
If you find you need a permanent policy, Universal Life will be your product. Whole Life insurance is mainly used for final expense policies for seniors, babies, and young children.
Which Companies Provide the Lowest Rates?
There are many excellent life insurance companies you can choose from. The best life insurance company will be the one that offers you the lowest rates. This will depend on your specific age, health, occupation, and lifestyle.
We work with over 40 top-rated companies, but here is an essential list of some of the ones with the lowest rates. You can compare NRA term life insurance quotes from these companies and many more on our instant quoting system.
1. AIG American General
2. Protective Life
3. Prudential
4. Transamerica
5. John Hancock
6. American General
7. Assurity Life
8. Principal Financial
9. North American
10. Lincoln Financial
How Can I Apply for an NRA Life Insurance Policy?
Regardless of whether you’re an NRA member or not, you can apply for life insurance using any of the following three methods:
Paper Applications:
Paper applications are obsolete by today’s standards. Completing a 25-page application is far too
time-consuming, not to mention the case writer cramp you will have.
In addition, nobody ever enjoys completing a paper application, and they deter some people from even applying.
Online Applications:
Online applications are acceptable, but some people find that their internet connection can slow the application. Sometimes, there will be software bugs that can create a headache for the applicant. We try to avoid these types of applications.
Telephone Applications:
Your third and best choice is the telephone application, which is the application for you, especially if you want simplicity and a considerable time-saving bonus. We use the “Snap-App” telephone application system, which makes applying for life insurance simple and fast.
Our Final Thoughts
If you want to know more about NRA life insurance, don’t hesitate to contact us today; we will answer your questions and get you pointed in the right direction.
In addition, we will show you all your options so you can feel confident in what product would be a good fit for you.
If you decide to apply, we will walk you through the simple process one step at a time. Remember, we will be happy to answer any of your questions concerning life insurance at no cost or obligation.
I hope this blog post has helped you and other members learn about the best NRA life insurance plans and how to get the lowest rates. So don’t forget to keep your powder dry and always renew your National Rifle Association dues.
All the best,
Jack Venturi
Should you have any questions or need further assistance, please don’t hesitate to call us at 815-390-7545 for a prompt response.
