[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.easyquotes4you.com\/phoenix-life-insurance-review\/#BlogPosting","mainEntityOfPage":"https:\/\/www.easyquotes4you.com\/phoenix-life-insurance-review\/","headline":"The Best 2025 Review of Phoenix Life Insurance","name":"The Best 2025 Review of Phoenix Life Insurance","description":"Phoenix Life Insurance started covering Americans back in 1851 when they were called American Temperance Life Insurance Company. When they first opened there goal was to sell life insurance to applicants who didn't use alcohol.","datePublished":"2019-08-22","dateModified":"2025-12-03","author":{"@type":"Person","@id":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/#Person","name":"Rob Pinner","url":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Rob Pinner","logo":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2019\/08\/cropped-Phoenix-life-insurance.png","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2019\/08\/cropped-Phoenix-life-insurance.png","height":675,"width":1200},"url":"https:\/\/www.easyquotes4you.com\/phoenix-life-insurance-review\/","about":["Reviews"],"wordCount":1291,"keywords":["nassau life","nassau life insurance","nassau life insurance company","nassau re","phoenix","phoenix life","phoenix life insurance","phoenix life insurance company"],"articleBody":"            Quick Navigation Links                                    Show                                                    1                Phoenix Life Insurance Company Review                                2                History of Phoenix Life Insurance Company                                3                Nassau Life Insurance Company Ratings                                4                Phoenix Life Insurance Products                                5                Phoenix Safe Harbor Term Life                                6                Phoenix Remembrance Life                                7                Phoenix Life Insurance Company Annuity Products                                8                Annuity Products Offered                                9                Advantages of Nassau Life Insurance Company                                10                Disadvantages of Nassau Life Insurance Company                                11                Our Thoughts                                12                Who owns Phoenix Life now?                                13                Is Phoenix Life a good company?                                14                What types of products does Nassau Re sell?        Phoenix Life Insurance Company ReviewWhen you are looking to buy life insurance it is very important to choose the insurance company that best fits your situation and Phoenix Life Insurance Company just be it. A lot of agents try to put consumers in a box when it comes to life insurance by only offering one company. This is a disservice to you and could up costing you money in the long run. At EasyQuotes4You we try to give you as much information as possible on each life insurance carrier, so you can make an informative decision. Today we are going to review Phoenix Life Insurance Company.History of Phoenix Life Insurance CompanyPhoenix Insurance started covering Americans back in 1851 when they were called American Temperance Life Insurance Company. When they first opened there goal was to sell life insurance to applicants who didn\u2019t use alcohol.In 1901 the company changed its name to Phoenix Mutual Life Insurance Company. As the values of the nation changed, Phoenix Life Insurance evolved with it and started covering consumers who drank alcohol.Phoenix Life also offered Andrew Johnson a policy for one year free after Lincoln was assassinated.In 1955, Phoenix Life Insurance led the way by offering cheaper rates to women because they saw that women tended to live longer than men. This still holds true today.Phoenix Life Insurance also began offering group life insurance and health insurance plans in 1957. In 1967, they began to offer lower rates for consumers who didn\u2019t smoke. They also raised rates on smokers, knowing the health risks smoking poses.In 2001, they made the decision to become a stock company. In 2018, they were bought by Nassau Re, which became \u201cthe consumer-facing brand for all insurance sales.\u201dIn 2019 Nassau Re started rebranding Phoenix Life and changed there name to Nassau Life Insurance Company. For this article we will still refer to them as Phoenix Life Insurance and Nassau Life Insurance Company.Nassau Life Insurance Company RatingsWhile most companies that we do reviews on are \u201cA\u201d rated by insurance rating agencies, Nassau Life Insurance Company is not. Due to some recent financial issues, hence that is why they were sold. Nassau Life Insurance Company has the following ratings:Standard and Poor: B+ (Rating of 14 out of 21)A.M. Best: B (Stable) Rating of 7 out of 16Better Business Bureau: A+Nassau Life Insurance Company has been fulfilling it\u2019s financial obligations to its policy holders for years despite their ratings, and we have no reason to believe this will end.Phoenix Life Insurance ProductsEven after becoming Nassau Life Insurance Company, Phoenix Life still offers quality life insurance products and annuities. The coverage has remained the same throughout the name change.Phoenix offers 2 types of life insurance plans:Phoenix Safe Harbor Term LifePhoenix Remembrance LifePhoenix Safe Harbor Term LifeThis is a no exam life insurance policy with coverage from 10-30 years. The Phoenix Safe Harbor Term is unique in that they offer multiple riders for free. They are:Critical IllnessChronic IllnessTerminal IllnessUnemployment RiderThese riders give you added protection to your term life policy that you can benefit from while you are still alive.Phoenix Remembrance LifeThis is the Phoenix Life Insurance Company permanent insurance product. It has simplified underwriting which means fast approval. These policies are used to for funeral costs or minor debt left behind after you pass. Face amounts range from $10K-$50K with guaranteed premiums and death benefit to age 120.This policy includes three free riders:Accidental Death Benefit RiderCritical Illness RiderTerminal Illness RiderPhoenix Life Insurance Company Annuity ProductsWhile Phoenix Life Insurance Company offers competitive life insurance products, they also have a portfolio of retirement products to help with retirement and beyond.Annuity Products OfferedPhoenix Personal Income Annuity- A single premium fixed indexed annuity with a 10 year back end surrender charge. Phoenix Personal Protection Choice \u2013 A single premium fixed indexed annuity with a suite of optional riders.Guaranteed Withdrawals for LifeEnhance Death BenefitsAccelerated Benefits for Chronic CareNassau MyAnnuity 5X, 7X: Single premium, multi-year guaranteed that offers protection from market uncertainties. You can have a choice of 5 years of guaranteed interest or 7 years. Nassau Simple Annuity:  A single-premium, multi-year guaranteed\u00a0annuity that provides you protection from market uncertainties. You are given the choice of 4 years of guaranteed interest or 6 years.The Phoenix Personal Retirement Choice\u00a0\u2013 The Phoenix Personal Retirement Choice is a deferred annuity that provides its holder with the ability to build up long-term savings over time on a tax deferred basis. Deposits can be made into the annuity over time, prior to converting the annuity to an income stream. This annuity has several different income options to choose from as well. All of Phoenix Life annuities come with withdrawal options.Advantages of Nassau Life Insurance CompanyOne of the main advantages with Nassau Life Insurance Company are their rates. Nassau Life Insurance Company is always in the top 5 when it comes to their term life insurance product. Nassau Life also has an easy application process and can be done over the phone in less than 15 minutes. Also, Nassau Life Insurance has great customer service which is why they boast an \u201cA+\u201d with the BBB.Disadvantages of Nassau Life Insurance CompanyThe main disadvantage of Nassau Life Insurance Company is they just don\u2019t have a lot of products to choose from. Applicants are now limited to just two plans.While Nassau Life has an easy application, their underwriting sometimes can be lengthy. Some of our applicants have had to wait over two months to get approved.The standard time with most life insurance companies is 1 month if the case is fully underwritten.Our ThoughtsNow that you know the history, ratings, and products offered from Phoenix Life Insurance Company, it\u2019s our turn to tell you what we think. We like Phoenix Life Insurance, but think they do have some room for improvement. We would like to see them get there ratings up with the credit agencies first.Next we would like them to add more products. With only two products, consumers are limited and usually purchase elsewhere.We do like the application process and the two products they do offer work well with some of our clients. Overall Phoenix Life Insurance Company is good company to have a policy with, but it\u2019s important to look at all the companies.At EasyQuotes4You we do the shopping for you. If you need a quote or have questions, please give us a call.\t\t\t\t\t\tWho owns Phoenix Life now?\t\t\t\t\t\t\t\t\t\t\t\t\t\tIn 2001, Phoenix Life Insurance made the decision to become a stock company. In 2018, they were bought by Nassau Re, which became \u201cthe consumer-facing brand for all insurance sales.\u201d \t\t\t\t\t\t\t\t\t\t\t\t\t\t\tIs Phoenix Life a good company?\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhile most companies that we do reviews on are \u201cA\u201d rated by insurance rating agencies, Phoenix Life Insurance is not. Due to some recent financial issues, hence that is why they were sold.  Nassau Re ratings are:\u2013Standard and Poor: B+ (Rating of 14 out of 21)\u2013A.M. Best: B (Stable) Rating of 7 out of 16\u2013Better Business Bureau: A+ \t\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhat types of products does Nassau Re sell?\t\t\t\t\t\t\t\t\t\t\t\t\t\tNassau Re, formerly Phoenix Life sells term life insurance, simplified issue whole life insurance, and fixed annuities.\t\t\t\t\t\t\t\t\t\t{\t\t\"@context\": \"https:\/\/schema.org\",\t\t\"@type\": \"FAQPage\",\t\t\"mainEntity\": [\t\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Who owns Phoenix Life now?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"In 2001, Phoenix Life Insurance made the decision to become a stock company. In 2018, they were bought by Nassau Re, which became \\\"the consumer-facing brand for all insurance sales.\\\" \"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Is Phoenix Life a good company?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"While most companies that we do reviews on are \\\"A\\\" rated by insurance rating agencies, Phoenix Life Insurance is not. Due to some recent financial issues, hence that is why they were sold.  Nassau Re ratings are:-Standard and Poor: B+ (Rating of 14 out of 21)-A.M. Best: B (Stable) Rating of 7 out of 16-Better Business Bureau: A+ \"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"What types of products does Nassau Re sell?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Nassau Re, formerly Phoenix Life sells term life insurance, simplified issue whole life insurance, and fixed annuities.\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t\t\t\t]\t}"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"The Best 2025 Review of Phoenix Life Insurance","item":"https:\/\/www.easyquotes4you.com\/phoenix-life-insurance-review\/#breadcrumbitem"}]}]