Wilco Life Insurance Company Review [2023]
If you're looking for life insurance, you will have to call the Wilco phone number on the Wilton Re website to learn more about policies and request a quote. Our Wilco life insurance review covers everything you need to know.
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Written by
Rachael Brennan |
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Reviewed by
Benjamin Carr
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UPDATED: Jul 30, 2022
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jul 30, 2022
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Wilco does not offer much information online in terms of its available insurance products
- Wilco is a subsidiary of Wilton Re
- You have to contact Wilco directly to get more information on products or a quote on coverage
If you’re searching for term or permanent life insurance, you are probably considering several options. Wilco life insurance is one option available throughout the U.S., but there is little information online about what the company offers in terms of life insurance products.
Wilco is a subsidiary of Wilton Re, a New York-based reassurance company. And while Wilton Re is a fairly popular company, Wilco is not as widely known.
As you search for life insurance, you will have to contact Wilco to see what products the company offers its policyholders. Unfortunately, you cannot contact Wilco through the Wilco life insurance company website, as there is not a company website that provides any contact information.
Instead, you will have to call the Wilco phone number offered on the Wilton Re website to learn more about policies and get a quote for coverage based on your unique circumstances.
Does Wilco offer life insurance?
Wilco offers life insurance, but the specific products are challenging to decipher. In addition, the company does not provide a website with any valuable information on insurance coverage.
Wilton Re’s website states that Wilton Re has acquired Wilco and its policyholders. The Wilton Re website also offers the following phone number to any current Wilco customers who need more information or have questions: 844-877-6907.
Wilco was previously a subsidiary of Conseco Insurance, and Conseco offers the following options for life insurance coverage:
- Term life insurance
- Whole life insurance
- Universal life insurance
- Juvenile life insurance
In addition, Conseco offers health insurance, annuities, financial services, and workforce benefits. Wilco may not provide all of the same products, but it seems likely that the company offers options for both term and whole life insurance.
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How much does Wilco life insurance cost?
Wilco does not offer information on its life insurance products or a way to get a quote for coverage online. Your premiums for life insurance will depend on several different factors, such as:
- Age
- Gender
- Health status
- Health history
- Family health history
- Tobacco use
- Occupation
- Lifestyle
- Hobbies
- Coverage(s)
The table below shows the average monthly rates for a 20-year term life insurance policy based on age, gender, and the coverage amount.
| Policyholder Age | $100,000: Male Average Term Life Monthly Rates | $100,000: Female Average Term Life Monthly Rates | $250,000: Male Average Term Life Monthly Rates | $250,000: Female Average Term Life Monthly Rates | $500,000: Male Average Term Life Monthly Rates | $500,000: Female Average Term Life Monthly Rates |
|---|---|---|---|---|---|---|
| 25 | $14.53 | $12.70 | $23.27 | $18.72 | $34.79 | $27.39 |
| 30 | $14.96 | $13.22 | $24.59 | $20.44 | $37.39 | $29.59 |
| 35 | $17.57 | $15.40 | $26.09 | $22.19 | $40.04 | $32.19 |
| 40 | $21.40 | $18.62 | $33.72 | $28.49 | $54.79 | $45.69 |
| 45 | $26.54 | $22.97 | $45.47 | $37.42 | $79.19 | $66.14 |
| 50 | $36.02 | $29.32 | $69.59 | $54.59 | $126.14 | $96.99 |
| 55 | $50.98 | $38.11 | $105.72 | $78.97 | $203.14 | $143.99 |
| 60 | $84.91 | $60.20 | $183.79 | $131.17 | $355.39 | $248.84 |
| 65 | $144.51 | $97.44 | $323.42 | $220.99 | $625.09 | $432.84 |
In comparison, the following table shows average monthly life insurance rates for a whole life policy based on age, gender, and the coverage amount.
| Policyholder Age | $100,000: Male Average Monthly Rates | $100,000: Female Average Monthly Rates | $250,000: Male Average Monthly Rates | $250,000: Female Average Monthly Rates | $500,000: Male Average Monthly Rates | $500,000: Female Average Monthly Rates |
|---|---|---|---|---|---|---|
| 25 | $93.70 | $84.91 | $225.12 | $203.14 | $444.14 | $400.19 |
| 30 | $107.71 | $97.35 | $260.14 | $234.24 | $514.19 | $462.39 |
| 35 | $128.24 | $112.93 | $311.47 | $273.19 | $616.84 | $540.29 |
| 40 | $153.90 | $132.15 | $375.62 | $321.24 | $745.14 | $636.39 |
| 45 | $190.79 | $156.17 | $467.84 | $381.29 | $929.59 | $756.49 |
| 50 | $234.90 | $191.66 | $578.12 | $470.02 | $1,150.14 | $933.94 |
| 55 | $294.84 | $243.17 | $727.97 | $598.79 | $1,449.84 | $1,191.49 |
| 60 | $399.24 | $311.63 | $988.97 | $769.94 | $1,971.84 | $1,533.79 |
| 65 | $528.00 | $421.69 | $1,310.87 | $1,045.09 | $2,615.64 | $2,084.09 |
Whole life insurance costs substantially more than term life. Depending on your needs and your family’s needs, this will likely be a deciding factor in the type of policy you choose with Wilco or another life insurance company. Remember that additional products, such as riders, add-ons, or annuities, may increase your monthly premiums for life insurance coverage.
Does Wilco have good ratings online?
Wilco does not have any ratings online, but its parent company, Wilton Re, has an A+ (Superior) financial strength rating with A.M. Best. But Wilton Re’s C rating with the Better Business Bureau (BBB) suggests the company has room for improvement. While Wilton Re is not accredited with the BBB, it received a C rating because of a failure to respond to a complaint filed against the company.
Reviews for Wilco are just as challenging to find as company ratings, so it’s challenging to know whether the company would be a good fit for anyone on the search for life insurance coverage.
Is Wilco Life Insurance right for me?
Unfortunately, Wilco does not offer enough information online to know whether the company would be the right option for you. Other life insurance companies usually make it easy to learn about their policies and options for coverage, and many companies allow prospective policyholders to obtain and compare quotes online.
Because information on Wilco life insurance products is so scarce, you may want to consider other companies that clearly state coverage options online and make it easy for you to learn more.
Your life insurance quotes are always free.
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Wilco Life Insurance: The Bottom Line
Previously owned by Conseco, Wilco is now owned by Wilton Re. While Wilco does offer life insurance, not much else is evident about the company. Wilton Re has an excellent financial strength rating with A.M. Best but a less-than-ideal rating with the BBB.
If you are searching for life insurance, you may want to pursue another life insurance company that makes learning about products and options user-friendly and straightforward. Wilco may offer different types of term life insurance, whole life insurance, and more, but it’s difficult to know exactly your options.
Your rates for coverage will vary depending on your age, gender, health, and more. And the type of policy you choose for life insurance will also impact your monthly rates.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
|
Written by
Rachael Brennan |
|
Reviewed by
Benjamin Carr
|
