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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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Jun 22, 2023
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: Jun 22, 2023
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.
| Age | $100,000 Policy, Male | $100,000 Policy, Female | $250,000 Policy, Male | $250,000 Policy, Female | $500,000 Policy, Male | $500,000 Policy, Female |
|---|---|---|---|---|---|---|
| 25 | $94 | $85 | $225 | $203 | $444 | $400 |
| 30 | $108 | $97 | $260 | $234 | $514 | $462 |
| 35 | $128 | $113 | $311 | $273 | $617 | $540 |
| 40 | $154 | $132 | $376 | $321 | $745 | $636 |
| 45 | $191 | $156 | $468 | $381 | $930 | $756 |
| 50 | $235 | $192 | $578 | $470 | $1,150 | $934 |
| 55 | $295 | $243 | $728 | $599 | $1,450 | $1,191 |
| 60 | $399 | $312 | $989 | $770 | $1,972 | $1,534 |
| 65 | $528 | $422 | $1,311 | $1,045 | $2,616 | $2,084 |
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.
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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.
Frequently Asked Questions
What is Wilco Life Insurance Company?
Wilco Life Insurance Company is an insurance company that provides life insurance products and services to individuals and families. It offers a range of life insurance policies designed to meet various coverage needs and financial goals.
Is Wilco Life Insurance Company reputable?
Wilco Life Insurance Company’s reputation may vary depending on factors such as customer experiences, financial stability, and industry ratings. It is advisable to research and evaluate the company’s reputation by considering customer reviews, ratings from independent rating agencies, and the company’s history and financial strength.
How can I check the financial stability of Wilco Life Insurance Company?
You can check the financial stability of Wilco Life Insurance Company by reviewing its financial ratings from independent rating agencies such as A.M. Best, Standard & Poor’s, and Moody’s. These agencies assess the financial strength and claims-paying ability of insurance companies based on various factors. It is recommended to consider ratings from multiple agencies for a comprehensive evaluation.
What factors should I consider when reviewing Wilco Life Insurance Company?
When reviewing Wilco Life Insurance Company, consider the following factors:
- Financial Strength: Assess the company’s financial stability and ability to meet its obligations by examining its ratings from independent rating agencies.
- Product Offerings: Evaluate the range of life insurance products offered by the company and whether they align with your coverage needs and financial goals.
- Customer Service: Research customer reviews and feedback to gauge the company’s reputation for customer service, claims handling, and responsiveness.
- Policy Features and Options: Consider the features, options, and flexibility of the policies offered by Wilco Life Insurance Company to ensure they meet your specific requirements.
- Pricing: Compare the premiums and pricing of Wilco Life Insurance Company’s policies with other insurance providers to ensure they are competitive and offer value for the coverage provided.
Can I purchase life insurance directly from Wilco Life Insurance Company?
The availability of purchasing life insurance directly from Wilco Life Insurance Company may vary. Some insurance companies sell policies directly to consumers, while others work through independent agents or brokers. It is recommended to contact Wilco Life Insurance Company directly or visit their website to determine if they offer direct purchasing options.
How do I obtain a quote from Wilco Life Insurance Company?
To obtain a quote from Wilco Life Insurance Company, you can visit their website or contact their customer service department. They will typically require you to provide relevant information such as age, gender, health history, and coverage amount desired. By providing this information, you can receive a customized quote based on your specific circumstances.
Are there any notable features or benefits of Wilco Life Insurance Company’s policies?
The features and benefits of Wilco Life Insurance Company’s policies can vary based on the specific products they offer. It is advisable to review their policy offerings to identify any unique features or benefits that may be of interest to you. Some common features that life insurance policies may include are level premiums, flexible coverage options, accelerated death benefit riders, and policy conversion options.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
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.
