Wilco Life Insurance Review [2021]

Our Wilco Life Insurance Review will discuss what products you might find from the company and whether it's the right choice for you. However, Wilco Life Insurance Company is challenging to learn about because of its lack of marketing and information available. Wilco and its parent company, CNO Financial Group, may have excellent life insurance products, but it's hard to say for sure.

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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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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

UPDATED: Feb 12, 2021

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Quick Facts

  • Wilco Life Insurance Company was founded in 1962 and is owned by CNO Financial Group.
  • While Wilco lacks ratings from industry experts, CNO has an A- rating from the BBB and a bbb- long-term issuer credit rating from A.M. Best.
  • Wilco does not seem to make information about the company or its products available online.

Wilco Life Insurance Company is owned by CNO Financial Group, but we had a difficult time finding information about the company. Our Wilco life insurance review covers some basic information regarding the products you might be able to find from Wilco, such as term life insurance.

To compare life insurance quotes from companies in your area, enter your ZIP code into our free quote comparison tool above.

What is Wilco Life Insurance?

It’s fairly difficult to find information about Wilco Life Insurance Company online. What we do know is that it was founded in 1962 and that it is owned by CNO Financial.

It is headquartered in Carmel, IN, and there are approximately 190 employees across its locations. They generate around $127 million in sales.

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What life insurance products do they offer?

We couldn’t find a Wilco Life Insurance Company website or any other website that listed Wilco’s products. Therefore, all we can tell you is that you might be able to get some of the basic life insurance offerings.

Wilco offerings might include term life insurance and whole life insurance. It may also offer some other smaller life insurance policies, such as final expense insurance.

Term life insurance is a type of policy that gives coverage for a set amount of time, generally ranging between 10 and 30 years. You pay your premium, and if you pass away during the term, you will receive a death benefit. Some term life insurance policies can be converted to a permanent policy.

Whole life insurance is a permanent life insurance policy, meaning it will last as long as you pay your premium or until you reach the maximum age, which is usually around age 121. Whole life insurance policies may offer a cash value that you can borrow against, almost like a loan.

Final expense insurance offers enough coverage to cover final expenses, such as burial and funeral costs. While these policies are generally more affordable, they will not offer long-term financial protection for your family.

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How much is Wilco life insurance?

Again, we could not find any specific information regarding Wilco’s life insurance rates. However, we can give you a look at some of the average life insurance rates.

The average rates for term life insurance are:

Average Monthly 20-Year Term Life Insurance Rates by Age and Gender
Term Life Insurance 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
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The average rates for whole life insurance are:

Average Monthly Whole Life Insurance Rates by Age & Gender
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
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The average rates for final expense insurance are:

Average Monthly Final Expense Life Insurance Rates by Gender: $10,000 Policy
Policyholder Age$10,000 Policy: Male Average Monthly Rates$10,000 Policy: Female Average Monthly Rates
40$24.02$20.43
45$27.16$22.65
50$43.20$32.91
55$50.06$38.89
60$57.86$45.98
65$71.02$55.60
70$88.55$69.69
75$114.80$91.51
80$163.18$126.89
85$230.74$181.52
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You should keep in mind that your rates will depend on many factors including your age, gender, health, location, and more.

Are Wilco Life Insurance Company ratings positive?

Wilco Life Insurance Company does not have a BBB rating. Its parent company, CNO Financial, has a BBB rating of A-. It has 5 customer complaints in the last year and a 1/5 star rating.

Wilco also does not have a financial strength rating from A.M. Best. CNO Financial’s long-term issuer credit rating from A.M. Best is bbb-, which means it has a good ability to meet its long-term debt obligations.

Wilco Life Insurance doesn’t appear to have an NAIC number anymore.

One of CNO Financial Group’s primary subsidiaries, Bankers Life, is registered with the NAIC under the name of Bankers Conseco (Conseco being a company that CNO sold in 2014).

Bankers Conseco has a 1.59 complaint index, which is significantly higher than the national median of 1.00, meaning it gets more complaints than other companies of a similar size.

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How can I get a quote or file a claim?

Wilco life insurance quotes seem hard to come by. Since we couldn’t find a website for them, we didn’t find any way to receive quotes online. You may be able to get a quote by calling (317) 817-6100 or finding an agent who sells Wilco insurance products.

We also could not find any information on how to file a claim with the company. Again, we recommend calling the phone number above to speaking with your insurance agent.

How can I contact Wilco?

You can contact Wilco by calling the Wilco life insurance customer service phone number at (617) 817-6100.

The company is located at 11825 Pennsylvania Street, Carmel, IN 46032.

Should I buy Wilco life insurance?

Since we could find so little information about Wilco, we have a hard time making a recommendation on whether or not to buy. The company may offer great products with great rates, but we can’t know for sure.

Because of the lack of information, we lean toward this not being a completely reputable company or one that makes happy customers. It is important to do thorough research before choosing a life insurance company, so one you can’t research might not be the best choice.

If you need help finding affordable life insurance near you, enter your ZIP code into our free quote comparison tool below.

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