Madison National Life Insurance Company Review

When it comes to financial ratings, it’s hard to find one that has the reputation of A.M. Best so this is where we’ll start. Luckily for us all, Madison National has been given an ‘Excellent’ rating of A- and this is one of the highest ratings you can get. Considering not all life insurance companies get into the ‘A’ bracket, we can trust in Madison National’s ability to keep covering people in the short-term while paying out all claims in the long-term.

After their finances, we need to know just how well they deal with customers. With some companies, they have some fantastic products and even the finances to back them up but this means nothing if the customer service doesn’t exist because this is something we take seriously. Although not accredited, the Better Business Bureau (BBB) score for Madison National is actually another great score in an A-. Once again, this is one of the highest scores you can achieve with the BBB and it means the company scored between 90 and 94 from a total of 100.

In addition to the rating of the two trusted agencies, we also like to look at the general customer service of a brand and it’s fair to say Madison National does well in this regard. When on the website, you can select the area for which you need help before then being provided with all sorts of contact information including specialized phone numbers and mail addresses.

It should be noted that, although A.M. Best and BBB has given the company good ratings, we also came across this site in our research that had many negative reviews from alleged customers.

Nowadays, Madison National Life Insurance Company tends to focus on group insurance for employers. Available at competitive prices, their service, along with the disability insurance options, are one of the best in the industry.

Thanks to exclusive partnerships, Madison National is able to offer:

• Accidental Death and Dismemberment
• Child Life
• Spouse Life
• Group Term Life
• Group Short-Term Disability
• Group Long-Term Disability Insurance
• Supplemental Life
• Dependant Life

At this point, we should note that not all services will be available in every single state so this is one downside to choosing Madison National. However, you can get in contact with a local advisor to see what is available and whether they can meet your needs moving forward.

As mentioned previously, Madison National is also available in the health insurance market.

Whether you want insurance for just yourself or your family too, the Fixed Indemnity option is a guaranteed-issue supplemental health insurance policy for those looking for a little extra coverage on top of another policy (possibly one provided by an employer).

In addition to health coverage, you’ll find dental insurance as the company works with over 130,000 dentists across the country.

Finally, critical illness insurance is another option which pays out a lump sum should you come down with a critical medical condition.

If you are considering employer sponsored group life insurance and disability, Madison National is a great option. With an A- 'Excellent' rating from A.M. Best and a large product line, Madison National will be an excellent choice for many companies.