Howe Insurance Services

Howe Insurance Services Insurance Review

Brief Introduction and Overview of the Company

Howe Insurance Services is a national insurance agency specializing in final expense life insurance. Established in 1981, this veteran-owned company has a proven track record of assisting individuals aged 40 to 85 in securing cost-effective, easy-issue life insurance policies. Their focus is on providing accessible and affordable coverage to help families manage the financial burdens associated with end-of-life expenses.

Key Highlights of the Company’s Market Position and Reputation

• Rated A+ by the Better Business Bureau: This prestigious rating signifies a high degree of customer satisfaction and reflects the company's commitment to ethical business practices and reliable service. This rating is a strong indicator of trustworthiness and a positive customer experience.
• Issued and Paid Over $1 Billion in Life Insurance: This impressive figure underscores Howe Insurance Services' substantial experience in the industry and demonstrates their financial stability and capacity to fulfill their policy obligations.
• Representing Over 100 Different Programs: By collaborating with numerous insurance providers, Howe Insurance Services offers a diverse range of policy options, ensuring clients can find coverage that best aligns with their specific needs and budgetary constraints. This broad selection enhances their ability to cater to a wide spectrum of customer requirements.

Overview

Year of Establishment and Background Story

Founded in 1981 by Don Howe, a veteran who served in the United States Air Force from 1972 to 1976, the company's origins are rooted in a commitment to service. Following his honorable discharge, Don Howe pursued higher education, started a family, and subsequently established Howe Insurance Services, leveraging his dedication and experience to build a reputable insurance agency.

Key Milestones in the Company’s History and Growth

• Established in 1981: More than four decades of continuous operation demonstrates longevity, stability, and a consistent track record of serving clients' insurance needs.
• Veteran-Owned: This aspect of the company’s identity speaks to its values and its potential commitment to serving veterans and the broader community.

Regulatory Compliance and Licenses

While specific details regarding licenses and certifications aren't readily available on their website, it's understood that as a licensed insurance agency, Howe Insurance Services adheres to all relevant state and federal regulations. This compliance is crucial for ensuring legal operation and protecting policyholders' interests.

Insurance Products and Services

Main Insurance Products

Types of Insurance Offered

Howe Insurance Services primarily focuses on final expense life insurance, a crucial type of coverage designed to alleviate the financial burden on families following the death of a loved one. This insurance covers funeral costs, outstanding debts, and other final expenses, providing peace of mind and financial protection.

While final expense life insurance constitutes their core offering, the company may also offer other types of insurance, possibly including auto, home, and business insurance, though details on this broader portfolio remain limited on publicly available information.

Coverage Options and Policy Details

A significant advantage of Howe Insurance Services' policies is the inclusion of three key guarantees, offering clients significant security and predictability:

• Premiums Never Go Up: This guarantee ensures that policy premiums remain consistent throughout the policy's duration, protecting clients from rising costs as they age.
• Benefits Never Go Down: This assurance guarantees that the death benefit remains unchanged, regardless of changing circumstances or health conditions.
• Policy Never Cancels: This provides further security, ensuring the policy remains active unless premiums are not paid. This protection safeguards the policy's value.

Additional Services

Other Services Provided

Although not explicitly detailed on their website, the nature of their business suggests that Howe Insurance Services likely provides additional services. These could reasonably include:

• Financial Advisory: Given their focus on final expense planning, it's probable they offer some degree of financial guidance to help clients prepare for end-of-life expenses.
• Claims Assistance: Assisting policyholders with the claims process is a vital service, simplifying a potentially difficult time and ensuring a smoother experience for families.

Premiums and Pricing

Pricing Structure

Overview of Premium Rates for Different Types of Insurance

Premium rates for final expense life insurance from Howe Insurance Services are determined by several factors, principally the applicant's age and health status. While specific rates aren't publicly listed, they're generally considered competitive within the industry.

Comparative Analysis with Industry Averages

Howe Insurance Services is recognized for offering competitive premium rates, making their final expense life insurance policies an attractive option for those seeking affordable and effective coverage.

Discounts and Special Offers

Available Discounts

The possibility of various discounts exists, including:

• Multi-Policy Discounts: Bundling multiple insurance policies, such as auto and home, might result in cost savings.
• Safe Driver Discounts: For auto insurance, safe driving records could lead to premium reductions.
• Loyalty Rewards: Long-standing clients might benefit from loyalty programs or special offers.

Promotional Deals and Limited-Time Offers

Specific details on ongoing promotional deals or limited-time offers are not currently available through public sources. It is advisable to contact Howe Insurance Services directly to inquire about any active promotions.

Customer Service and Support

Contact Methods

Available Customer Service Channels

While specifics may vary, clients can typically expect to reach Howe Insurance Services through the following channels:

• Phone: Telephone support is likely the primary contact method for immediate assistance.
• Email: Email support is a common feature for insurance providers, allowing for non-urgent inquiries and follow-ups.
• Live Chat: The availability of live chat support is uncertain; confirming its existence would require contacting the company.

Availability of 24/7 Support and Multilingual Assistance

Information regarding 24/7 support and multilingual assistance is not readily available. Directly contacting Howe Insurance Services is necessary to clarify the availability of these features.

Pros and Cons of Howe Insurance Services Insurance

Pros

Advantages of Choosing This Insurance Company

• Comprehensive Coverage: The policies provide comprehensive coverage for final expenses, relieving families of significant financial burdens.
• Competitive Premiums: The competitive pricing makes their insurance accessible to a wider range of individuals.
• Guarantees: The three key guarantees (premiums, benefits, and policy cancellation) offer invaluable security and peace of mind.

Cons

Potential Drawbacks or Areas for Improvement

• Limited Information on Additional Services: More detailed information regarding additional services like financial advisory or claims assistance would enhance transparency.
• No Specific Information on Promotional Deals: Publicly available information on promotional deals and special offers is limited.

Conclusion

Summary of the Main Points Covered in the Review

Howe Insurance Services, a veteran-owned company with a 40+ year history, offers specialized final expense life insurance policies. Their competitive rates, comprehensive coverage, and three key guarantees (premiums, benefits, and policy cancellation) are key selling points. While more information on certain services and promotions would be beneficial, their strong reputation and positive BBB rating speak to their commitment to customer satisfaction.

Recommendations on Who Would Benefit Most from the Company’s Insurance Offerings

Howe Insurance Services' offerings are most beneficial for individuals aged 40-85 seeking affordable and reliable final expense life insurance. This is especially true for senior citizens looking to secure their legacy and safeguard their families from the financial burden of funeral and final expenses.

Frequently Asked Questions about Howe Insurance Services Insurance

Answers to Common Questions about the Company’s Policies, Claims Process, and More

1. What types of insurance does Howe Insurance Services offer? Their primary focus is final expense life insurance, but they may offer other types of insurance as well.
2. How do premiums work for final expense life insurance? Premiums are generally based on age and health; however, Howe Insurance Services guarantees that premiums will never increase.
3. What guarantees are included with each policy? Three key guarantees are provided: premiums never go up, benefits never go down, and the policy never cancels (excluding non-payment).
4. How does the claims process work? Specific details are not available publicly, but it is expected that they assist in claims processing.
5. Are there any discounts available? Possible discounts might include multi-policy discounts, safe driver discounts, and potential loyalty rewards; however, confirmation requires contacting the company.
6. Is there 24/7 support available? The availability of 24/7 support and multilingual assistance is unclear and requires direct confirmation from Howe Insurance Services.

References

• [1] https://www.howeinsuranceservices.com/about/
• [2] https://getkoala.com/companies/howeinsuranceservices.com
• [3] https://insurewithhowe.com
• [5] https://www.howeinsuranceservices.com