Everything to Know About Life Insurance Company of The Southwest

Life Insurance Company of the Southwest, a Texas-based company, operates under National Life Group. With an A+ A.M. Best rating, they offer an assortment of term and permanent life insurance options.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Written by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Apr 21, 2022

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Quick Facts

  • Life Insurance Company of the Southwest is a subsidiary of National Life Group
  • You can find a wide variety of policies from Life Insurance Company of the Southwest
  • The company has strong ratings overall, which include an “A+” A.M. Best rating for financial strength

There are many life insurance company options with various types of term life insurance policies, and Life Insurance Company of the Southwest could be one underrated competitor.

Most people wouldn’t be opposed to a smaller life insurance company if they offered the cheapest rates. Here, we’ll break down the policy options, ratings, and more about Life Insurance Company of the Southwest.

Excited to read our Life Insurance Company of the Southwest review? Keep scrolling or take advantage of our free quote tool to get instant rates from the top life insurance companies near you.

Should I buy a policy from Life Insurance Company of the Southwest?

Life Insurance Company of the Southwest is a subsidiary of National Life Group which has a long-standing history of providing life insurance products.

Founded in 1955, Life Insurance Company of the Southwest has clearly become an established insurance provider that has valuable ties to a larger entity.

From the looks of it, National Life Group is a large company that offers an assortment of insurance and retirement-based products such as retirement insurance and IRAs.

The life insurance policies that the company provides are underwritten by Life Insurance Company of the Southwest. An insurance provider with a variety of products can sometimes be a good thing as they generate multiple streams of revenue.

This can typically be validated when researching a life insurance company and their ratings and reviews.

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Does Life Insurance Company of the Southwest have good ratings?

Because Life Insurance Company of the Southwest is a subsidiary or entity rather than a parent company, you’re unlikely to find many direct ratings or reviews for the company itself.

Instead, you may have to rely on National Life Group’s ratings as a representation of Life Insurance Company of the Southwest’s reviews.

Below, you’ll find a list of the most relevant ratings and reviews for Life Insurance Company of the Southwest.

  • A.M. Best: Financial Strength Rating A+ / Long-Term Issuer Credit Rating a+
  • Standard & Poor’s (S&P): BBB+
  • Moody’s: Baa1
  • Better Business Bureau (BBB): A+
  • NAIC Complaint Index: 0.20

As expected, there were very few direct reviews and ratings available for Life Insurance Company of the Southwest. National Life Group’s ratings were used in their absence to provide some context on the company’s reliability.

The ratings above show some good and some bad. There appears to be some variance in the quality of ratings for financial strength between the top rating organizations for financial strength.

For example, A.M. Best rated National Life Group with an excellent financial strength rating while Moody’s suggested the company was merely adequate for financial strength.

Each of these organizations is trustworthy, but it does cast a shadow of doubt on the actual financial status of National Life Group and its subsidiaries.

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As for customer service, there were only positive reviews, albeit those were still limited in number. Both the BBB and the NAIC ratings suggest you shouldn’t fear Life Insurance Company of the Southwest complaints.

The BBB rating indicates that complaints are resolved promptly, while the NAIC Complaint Index indicates that National Life Group fields fewer complaints than similar life insurance companies.

Overall, you should feel fairly confident investing in Life Insurance Company of the Southwest solely based on the company’s ratings and reviews.

What policies does Life Insurance Company of the Southwest offer?

If you’re looking for a life insurance company with a variety of policy options, Life Insurance Company of the Southwest is a great place to look. As mentioned earlier, these policies are found on the National Life Group website.

Life Insurance Company of the Southwest offers life insurance policies for virtually anyone since they offer a myriad of term and permanent life insurance options, listed below.

  • Whole life insurance
  • Universal life insurance
  • Indexed universal life insurance
  • Variable universal life insurance
  • Term life insurance

Whole life insurance and term life insurance both offer level premiums, meaning your monthly payments won’t ever change. The big difference is that whole life insurance also has a cash value component.

Term life insurance is almost always the most affordable, but the policyholder sees little to no benefit other than peace of mind knowing that their beneficiaries will be financially stable when the time comes.

Whole life insurance and each of the different universal life insurance variations include a cash value component that is somewhat like a savings account. This can be accessed in emergencies with most companies.

The primary difference between these permanent life insurance options is how you pay and how the cash value and associated interest are treated. Universal life insurance is typically more flexible than whole life insurance.

In any case, it would be good to learn more about term vs. permanent life insurance if you are still unfamiliar with the difference.

More About Life Insurance Company of the Southwest

Life Insurance Company of the Southwest is a unique subsidiary that has respectable ratings and review and life insurance policies options. The Texas-based company seems to be fairly reliable.

What’s interesting is that you won’t find a Life Insurance Company of the Southwest website. Instead, all information is tied to the National Life Group website.

National Life has recently invested in a mobile app to complement the company website. With your Life Insurance Company of the Southwest policy, you should be able to use the app to make payments or change policy details.

To further boost the overall user experience, the Life Insurance Company of the Southwest claims process is able to be done primarily online instead of via mail.

You can file a death claim directly on the company website as long as you have their name, policy number, and information about their death. Some companies still make this process a challenge for beneficiaries.

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Life Insurance Company of the Southwest: The Bottom Line

Life Insurance Company of the Southwest appears to be a fairly reliable company that has plenty of policy options and convenient features for both the policyholder and their beneficiaries.

We hope you enjoyed reading our Life Insurance Company of the Southwest review. Use our free quote tool to start collecting rates from the top life insurance companies in your area in minutes.

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