Phoenix Life Life Insurance Review
This article was last updated:
Our experts review costs, policy features, and customer feedback on Phoenix Life's range of Life Insurance policies.
This article was last updated:
Our experts review costs, policy features, and customer feedback on Phoenix Life's range of Life Insurance policies.
Phoenix Life is a "closed" life insurance company, meaning that it administers life insurance portfolios that have been transferred from other providers.
In this guide:
Phoenix Life traces its roots to Phoenix Assurance, founded in 1786.
However, in recent years it has brought together numerous different life insurance companies through continual mergers and acquisitions (M&A) activity.
You can't buy life insurance from Phoenix Life – as a "closed" life insurance business, they focus solely on servicing the portfolios of existing policies they have acquired.
Information about what existing customers of Phoenix Life are paying for their insurance is not in the public domain.
Because Phoenix Life don't take on new customers, they aren't reviewed by services likfe Trustpilot. However, the company claims to be committed to listening to customer feedback.
The most recent statistics available are from 2010, when Phoenix Life paid out 97.2% of all life insurance claims.
Life insurance can be a tax deductible business expense in certain cases. For example, if the life insurance policy is taken out on a key employee, the premiums can be deducted as a business expense. Additionally, if the life insurance policy is used as collateral for a business loan, the
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