Expertise.com

Best Life Insurance Companies in Schaumburg

2023

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Website
1111 North Plaza Drive, Schaumburg, IL 60173
  • Whole Life Insurance
  • Long Term Care
  • Term Life Insurance

Why choose this provider?

Service Insurance Agency is a full-service insurance company that serves clients in Schaumburg and nearby localities. The locally owned business protects individuals and families from future uncertainties through a life insurance policy. Its insurance advisors have access to multiple providers that can deliver different types of life insurance coverage, such as term life, whole life, variable life, universal life, and universal variable life insurance. The company was founded by two independent insurance agents. Service Insurance Agency has been serving clients for over three decades.

License Verified:

License: 100692449

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.9
Google
3.0 / 5 (6)
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
2.8
Responsiveness
Friendliness
Helpfulness
––
Detail
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Website
1325 Wiley Road, Schaumburg, IL 60173
  • Life Insurance
  • Health Insurance

Why choose this provider?

R.C. Keller & Company is an insurance agency that provides insurance services to residents and businesses in Schaumburg and the surrounding communities. It is an independent full-service insurance company that carries life insurance plans like term life and whole life insurance. Additionally, it provides commercial insurance packages like employment practices liability insurance, commercial auto, commercial property, errors & omissions, workers’ compensation, and nail salon insurance. Owner Bob Keller is a third-generation insurance agent. It has operated in the Chicagoland area since 1910.

License Verified:

License: 100287733

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
5.0 / 5 (11)
Facebook
4.0 / 5 (7)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
33 East Hattendorf Avenue, Roselle, IL 60172
  • Life Insurance

Why choose this provider?

Midwest Insurance Partners is a multi-location company serving individuals, families, and businesses in the Schaumburg metro. It is a life insurance service provider that offers universal, term, whole, and variable coverages. Midwest Insurance Partners also assists clients in purchasing other personal and business plans such as homeowners', rental property, automobile, general liability, and workers' compensation insurance. It is an independent insurance agency that represents various carriers, including Nationwide and Progressive. The company's principal agent, Patrick Maxwell, has been in the insurance industry since 2008.

License Verified:

License: 100765175

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
40 South Prospect Street, Roselle, IL 60172
  • Life Insurance
  • Health Insurance

Why choose this provider?

Hausman-Kunkel Insurance is a company that has been serving clients located in Schaumburg, St. Roselle, and the nearby areas since 1966. It offers life insurance, individual and group health insurance, workers’ compensation coverage, and commercial insurance policies. Hausman-Kunkel Insurance helps its customers find the right policies, and it aims to provide quality insurance products to individuals, families, and businesses in the area. Moreover, it has partnered with more than 40 long-standing and standard insurance companies.

License Verified:

License: 100292793

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (72)
Yelp
4.5 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
870 East Higgins Road, Schaumburg, IL 60173
  • Life Insurance
  • Health Insurance
  • Term Life Insurance

Why choose this provider?

International Insurance Agency, Inc., is a life insurance company that operates in Schaumburg. It underwrites, examines, and estimates the rates of life insurance plans from multiple carriers. These include regional and national companies like Transamerica and Lincoln Financial. The company also processes the applications and claims for both term life and whole life policies. In addition, its staff provides contracting kits to update the policyholders' background information, such as new addresses or beneficiaries. Established in 1995, its other services include health and disability insurance plans.

License Verified:

License: 100299230

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
999 Plaza Drive, Schaumburg, IL 60173
  • Life Insurance

Why choose this provider?

Northwest Insurance Services is a family-owned and independent insurance agency that has been serving clients in Schaumburg and the surrounding communities since 1973. It offers term, whole, and universal life insurance policies. It also provides condominium, motorcycle, automobile, health, watercraft, and renters' insurance plans. In addition, Northwest Insurance Services customizes commercial and rental property, general liability, commercial auto, and workers' compensation insurance solutions. Its team, led by Gregg A. Germanos and George A. Germanos, Jr., has over 90 years of combined experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.0 / 5 (23)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1931 Prairie Square, Schaumburg, IL 60173
  • Life Insurance
  • Health Insurance

Why choose this provider?

Atomic Insurance Solutions has been assisting locals of Schaumburg and its neighboring areas by handling their insurance needs since its establishment in 2012. Offering a variety of plans from its vast network of known insurance providers, its agents personalize each insurance plan to fit the objectives and circumstances of clients, whether they are in need of short-term or long-term policies. Additionally, Atomic Insurance Solutions offers health insurance policies as well as Medicare assistance to individual clients.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (8)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
33 Walpole Road, Elk Grove Village, IL 60007
  • Life Insurance
  • Health Insurance

Why choose this provider?

Lively Insurance Agency offers life coverage options to communities in Schaumburg. Its products include whole, term, and index-universal life insurance, as well as plans tailored to college students, persons with disabilities, children, and retirees. Its healthcare options include policies securing prescriptions, accidents, hospitalization, and travel insurance. It also has services for Medicare and dental coverage such as cleanings, fillings, x-rays, and root canals. An independent agency, Lively offers options from Transamerica, Gerber Life, and Mutual of Omaha.

License Verified:

License: 17172228

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (2)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1300 Greenbrook Boulevard, Hanover Park, IL 60133
  • Life Insurance
  • Health Insurance
  • Long Term Care

Why choose this provider?

Multi-Lines Insurance and Investment Service, Inc., is a company offering its services to individuals and businesses in Schaumburg. It provides insurance products such as life insurance policies, individual health plans, umbrella liability, and homeowners' insurance. Multi-Lines Insurance and Investment Service was established in 1990 and has since served the insurance needs of over 1,000 families and individuals. Gregory M. Costalis, its president and principal agent, reviews the needs of the customers to find a product suited to their situation.

License Verified:

License: 100299663

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Website
911 South Main Street, Lombard, IL 60148
  • Life Insurance
  • Health Insurance

Why choose this provider?

The Nolan Agency, Inc., is a locally owned company delivering life insurance policy plans that safeguard families in Schaumburg since 1985. It offers customized term, whole, and universal life coverage options flexible to meet the continuing changes in every person's life. Home, auto, and business insurance products are also available. The Nolan Agency has a team of local professionals with solid ties to the community and their clients. It aims to provide insurance options that can help individuals and business owners make informed decisions.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.8
Responsiveness
Friendliness
Helpfulness
Detail

Website
11 North Roselle Road, Roselle, IL 60172
  • Life Insurance
  • Health Insurance

Why choose this provider?

Anthony DeGrado is a State Farm insurance agent serving clients in the city of Schaumburg. He helps clients in acquiring life insurance, covering term, whole life, and universal life insurance policies. DeGrado and his team also provide coverages for home, renters', auto, and boat insurance. His office caters to enterprises as well and has expanded to insure clients throughout Illinois and Wisconsin. DeGrado has 25 years of customer relations expertise and 15 years of State Farm Insurance experience.

License Verified:

License: 17582746

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (118)
Facebook
5.0 / 5 (3)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1250 West Lake Street, Addison, IL 60101
  • Life Insurance
  • Health Insurance

Why choose this provider?

Gary Lemenager is a State Farm insurance agency owner that provides services in Schaumburg and its surrounding areas. He offers life, health, home, and pet insurances. He also works on auto and business insurance matters. His office is available for calls 24 hours a day. His team handles client concerns in English, Spanish, Polish, and Portuguese for clients who are more comfortable in relaying their concerns in their preferred language. Gary Lemenager has been with State Farm for over 15 years.

License Verified:

License: 8261588

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.0 / 5 (58)
Facebook
5.0 / 5 (10)
Yelp
3.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1900 South Highland Avenue, Lombard, IL 60148
  • Life Insurance
  • Health Insurance

Why choose this provider?

John Early is an independent insurance agent serving businesses, families, and individuals in the Schaumburg metro and the surrounding communities. He accommodates clients who need assistance in purchasing life insurance plans. In addition, he offers other personal plans such as dental and Medicare Supplement insurance coverages. As a part of the Healthcare Solutions Team, he can access different kinds of insurance products from various carriers. John has been providing insurance solutions for more than 12 years.

License Verified:

License: 12924384

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Facebook
4.0 / 5 (28)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
Eastview Terrace, Lombard, IL 60148
  • Health Insurance

Why choose this provider?

Wehrle Insurance Network is a team of insurance professionals and financial advisors that specializes in insurance services in the Schaumburg metro. The firm is connected with over 20 A-rated insurance providers and can provide diverse options for personal and business insurance products. Its life insurance products include Medicare insurance, retirement insurance, and non-Medicare health insurance plans. It also offers specialized health insurance plans that cover recovery and hospitalization expenses for injuries related to vision, hearing, and dental health.

License Verified:

License: 3000074085

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
610 East Roosevelt Road, Wheaton, IL 60187
  • Life Insurance

Why choose this provider?

Since 1991, R M LeDonne Insurance has been specializing in life insurance services. It assists clients in Schaumburg who are seeking financial security for their loved ones. It offers various insurance options, such as mortgage protection, disability, second-to-die policy, key person, and long-term care insurance. In addition, the team of insurance agents caters to clients needing individual or group insurance services. R M LeDonne Insurance partners with National General, Progressive, Foremost, and Nationwide insurance carriers.

License Verified:

License: 100300006

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (23)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
85 West Algonquin Road, Arlington Heights, IL 60005
  • Life Insurance
  • Health Insurance

Why choose this provider?

Kappel & Apple is an independent insurance agency in Schaumburg that specializes in insurance services and strategies. The firm has been operating for more than 25 years and provides insurance products and concierge human resources services to individuals and businesses. It offers life insurance products, such as level term life insurance and permanent life insurance. Kappel & Apple carries products from providers like John Hancock Life Insurance, Minnesota Life, and Mutual of Omaha for its life insurance lines.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
14 North York Road, Bensenville, IL 60106
  • Life Insurance
  • Health Insurance

Why choose this provider?

Armando Perez is an insurance agent serving clients in Schaumburg and nearby areas. He provides a variety of life insurance options, including whole, term, and universal. He also offers a wide selection of other policies for businesses, homes, vehicles, properties, and health. Perez has been crafting insurance solutions for the community for more than 30 years. He is a State Farm insurance agent who leads his own agency called Perez Insurance and Financial Services, Inc.

License Verified:

License: 7011454

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (20)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1 Tiffany Pointe, Bloomingdale, IL 60108
  • Life Insurance
  • Whole Life Insurance
  • Long Term Care
  • Term Life Insurance

Why choose this provider?

Fairoaks Insurance Agency offers a variety of insurance options in the Schaumburg area. It crafts multiple life insurance policies that may include whole, variable, term, universal, and group health coverage. It also secures individuals and families from financial burdens caused by illnesses and injuries. In addition, businesses can find health benefit solutions for their employees who have disabilities or troubles with medical expenses. The agency's other specialty areas are property, auto, business, motorcycle, and ATV insurance.

License Verified:

License: 100298109

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
101 22nd Street, Lombard, IL 60148
  • Life Insurance
  • Health Insurance

Why choose this provider?

For over 30 years, Soarella has been providing Schaumburg and other nearby metros with insurance products. It works with clients in finding the best coverage that matches their current situation and financial goals. The company offers life insurance which includes term insurance and permanent insurance. In addition, it offers health insurance for individuals and for employees of organizations. Soarella also provides protection and personal liability coverage for the personal possessions, automobiles, boats, and homes of its clients.

License Verified:

License: 100375544

Illinois Department of Insurance

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • What organization in Schaumburg protects policyholders financially regarding their life insurance policies in Illinois?

    Schaumburg residents gain assurance through the Illinois Life and Health Insurance Guaranty Association. This entity ensures a cash value of their policy of up to $100,000 and a death benefit of up to $300,000. These limits are individual-centric, remaining constant irrespective of the quantity or scale of policies owned beyond these specified amounts. Such measures strengthen trust and deter deceptive practices by insurers.

  • For Schaumburg residents, can life insurance offer benefits during the policyholder's lifetime?

    Yes. Schaumburg policyholders can access various living benefits with certain life insurance plans. If terminally ill, they might exchange their death benefit for the policy's face value through an Accelerated Death Benefit. Portability ensures continued coverage with group rates upon retirement or job changes. If a serious illness or disability strikes, the Waiver of Premium keeps the policy active. Moreover, overpaying premiums can boost the death benefit or increase loan availability.

  • How does universal life insurance offer flexibility to Schaumburg residents in terms of premium payments and interest?

    Universal life insurance grants considerable adaptability for Schaumburg policyholders. They can choose both the value and regularity of their premium contributions. These premiums fund the coverage, the savings or investment component, and associated expenses. Notably, the interest assigned to the investment portion adjusts in tandem with prevailing interest rates, typically shifting in increments of 1/4%. Such fluctuations mirror those observed in banks and similar institutions.

  • What should Schaumburg residents know about the timelines for receiving cash surrender values from insurance companies in Illinois?

    In Illinois, insurers can legally delay cash surrender value payments from a life insurance policy for up to six months after receiving a surrender application. While most insurers in Schaumburg generally process payments promptly, they aren't mandated to add interest for cash surrenders. Individuals facing prolonged wait times should reach out to the state's Department for aid in expediting their payments.

  • How is the cash value determined in a whole life insurance policy for Schaumburg residents?

    For Schaumburg policyholders, the cash value in whole life insurance represents the refund amount if the policy is canceled prematurely. It's influenced by the policy's face amount, its duration, and the premium payment period. Over time, this cash value rises, equating to the policy's face amount typically when the insured reaches the age limit set by the mortality table, often age 100.

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.