Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more.
Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.
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Our take: Vantis Life’s comprehensive coverage is what makes it stand out from the rest. Alongside the death benefit, policyholders can add on riders and supplemental features that create a robust life insurance policy and plan for the unexpected. And while family is the priority — that coverage can extend to a charitable organization of your choice. When you pass, Vantis Life will donate a lump sum to your chosen charity at no additional cost to you.
Vantis Life doesn’t just offer contact-free life insurance; it offers supplemental coverage that enhances your policy. You can add riders to your coverage to build a robust policy that enhances your protection. And at the end of your policy’s term, you can convert it to a permanent policy if you need to extend your coverage.
What Vantis Life has to say: “[What] set us apart is our product offering. Vantis Life offers a life insurance solution to meet a variety of financial needs and goals no matter what stage of life people are in,” says Manny Lirio, assistant vice president of e-commerce and sales acquisition at Vantis Life.
In addition to term life insurance, Vantis Life offers permanent life insurance solutions up to $2.5 million of whole life coverage and up to $25,000 of final expense coverage – all online with no agent involvement and all available 24/7/365, Lirio says.
Trustworthiness: The Better Business Bureau evaluates businesses on their behavior, trustworthiness, and performance. A business with a high ranking from the BBB can be trusted to meet its commitments. The BBB gives Vantis Life an A+.
Financial strength: A.M. Best evaluates a company’s financial health and its ability to meet its financial obligations. A.M. Best gives Vantis Life an A+.
Customer experience: Trustpilot is an online platform for individuals to provide reviews of companies and their customer experience. Trustpilot gives Vantis Life a rating of 4.7 out of a possible 5. Scores as of October 4, 2022.
Vantis Life offers a number of riders, including:
Its whole life product is available for people ages 21 to 70 and offers up to $50,000 to $2.5 million of coverage through its accelerated underwriting platform.
Final expense is available for ages 50 to 80 and offers $5,000 to $25,000 of coverage.
Additional product line details:
Alongside its term life insurance offerings, Vantis Life also offers two types of permanent life insurance: final expense insurance and whole life insurance. Vantis Life’s final expense product, Guaranteed Golden final expense, does not require a medical exam and is designed to provide low coverage for end-of-life expenses, such as funeral costs. Its whole life product, Velocity Whole Life Flex Complete, offers higher coverage amounts (up to $2 million) and comes with a cash value component.
For healthy non-smokers:
The following table shows Vantis Life’s monthly rates by age and gender for healthy non-smokers purchasing 20-year term policies.
How its rates stack up:
The following table shows how Vantis’s monthly rates for a healthy 35-year-old compares with selected competitors for $500,000 in coverage.
Company background: Vantis Life is a wholly-owned subsidiary of The Penn Mutual Life Insurance Co. Its primary focus is providing families with life insurance and annuity products that provide protection and guarantees. Vantis Life prides itself on offering easy-to-afford products with convenient service and a simple application process.
Interesting tidbit: Vantis Life offers a charitable giving rider for free to its policyholders. When the insured dies, Vantis Life pays out to a charity of the policyholder’s choice.
“At no additional cost, this rider provides our customers the opportunity to leave behind a sizable donation to a charity they love. If the customer passes away while their policy is still active, Vantis Life will pay an additional 1% of the policy’s death benefit – up to $100,000 – to a qualified charitable organization of the policyholder’s choosing,” says Lirio.