Motorists Insurance Group Review - Rates & Approval Process
Motorists Insurance Group or Motorists Life is a mutual company that has been in business nearly 100 years.
They offer a variety of products including term life insurance that can be purchased online in a matter of minutes.
These policies do not require a medical exam, or even an in-person meeting with a life insurance agent.
This review provides a brief history of the Motorists Insurance Group and explains the life insurance products they offer. We've also explained their approval process and included some sample monthly rates to help you estimate the cost of your policy.
Motorists Life Insurance Company is an A- (Excellent) rated insurance provider that was initially founded in 1928 as Motorists Mutual. The company’s founder, Carl Crispin, created the company in Columbus, Ohio when he saw the need for affordable automobile insurance with “prompt service and fair claims.”
In 1965, Motorists Mutual founded the Motorists Life Insurance Company, which is currently offered by more than 14,000 independent life insurance agents in 16 different states. Motorists Life has approximately 98,000 clients and $6 billion dollars of life insurance in force.
As of May 2022, the 16 states working with Motorists Life include: Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Nebraska, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia, and Wisconsin.
Motorists Life Insurance offers quite a few different services and products, which include:The company’s most popular product is term life insurance, in which they offer a no-exam (called Real-Time Term) and exam option. The no-exam option is good for those folks who are not in very good health, have white coat syndrome, or simply don’t have time to complete a medical exam and are looking to get coverage fast. You can get up to $500,000 of coverage with a Real-Time Term policy.
For qualifying applicants, Motorists Life offers term coverage from ages 15-80. You can purchase a 30-year term up until age 48, a 20-year term up until age 65, and a 5 or 10-year term up until 70.
If you’re looking for permanent coverage, Motorists Life offers whole and universal life. Their universal life policy is available from those ages 0-80. Their whole life policies offer a little more variety - you can choose non-par, par, single premium, simplified issue, or graded benefit whole life.
In addition to your policy, life insurance companies offer products that can be added to them, called riders. Some riders require an additional cost, and must be added at the initial issue of the policy. Notable riders from Motorists Life Insurance include:
Accidental Death Benefit Rider: This rider provides additional coverage if you die from an accidental bodily injury or drowning. The minimum issue amount is $10,000 and the maximum amount is the face amount of your initial policy. It automatically terminates on your 65th birthday.
Children’s Rider Conversion: For an added fee, this rider provides coverage on the lives of all of your dependent natural, legally adopted, and step-children.
Chronic Illness Rider: If you become diagnosed as chronically ill, this rider gives you the option to receive an accelerated payment of the policy’s death benefit.
Note: This rider is only available on Non-Par Whole Life policies.
Disability Income Rider: If you were to become completely disabled during the span of your policy, this rider can help supplement your lost income. Benefits are available for 24 months or 60 months for any one period of total disability, with a minimum benefit of $250/month, and a maximum benefit of $2,500/month.
Note: This is not available in Florida or Minnesota, and the Waiver of Premium rider must be purchased along with this.
Below we’ve shared some sample rates from Motorists Life to help you estimate the cost of your policy. The monthly rates we’ve displayed are for a 20-term, but depending on your age, other term lengths may also be available.
Monthly Rates for A Non-Smoking Male in Excellent Health – 20 Year Term
Monthly Rates for A Non-Smoking Female in Excellent Health – 20 Year Term
*Sample rates are provided for illustrative purposes only and are accurate as of 08/01/2018.
Motorists Life Insurance provides applicants with some underwriting niches that may be much more affordable than their competitors’ rates. They have six basic underwriting classes: preferred best, preferred plus, preferred, preferred smoker, standard non-smoker, and standard smoker. Some of the niches that Motorists Life are more lenient of include:
Motorists Life is relatively tolerant when it comes to their build charts. As an example, a 5’10 male who weighs 209 lbs can still qualify for their preferred plus category, and that translates to a BMI of 30.0 (which is deemed an overweight BMI). We have provided a small sample of Motorists Life’s build charts to demonstrate their leniency.
|Height||"Preferred Best" Weight Limit||"Preferred Plus" Weight Limit||Weight Limit For All Other Classifications|
For “preferred best” rates, applicants can have average (untreated) blood pressure levels of 135/80 or lower. To rank in the “preferred category,” applicants can have average levels up to 145/90 or lower (treated), and preferred applicants can have levels up to 150/95 (treated). Considering a healthy blood pressure reading is 120/80, Motorists Life is considerably more lenient than other companies.
Common Blood Pressure Medications Include:
Unfortunately, aviators don’t typically qualify for very good life insurance rates, due to their high risk occupation. However, Motorists Life allows commercial pilots and crew members to qualify for any of their preferred and standard ratings without any added fees.
If you like to find out more about Motorists Life or obtain a free quote based on your unique health profile, please feel free to call us toll-free at 855-247-9555. Our agents have more than 50 collective years of experience and we work with 63 top-rate life insurance carriers.
Applying with Motorists Life is a very easy process, takes less than 20 minutes, and you don’t even need to speak with an agent to do so.
All you need to do is fill out the form on the top right of this page. The application will take you a few minutes to fill out, and it’ll ask you some questions about your health and lifestyle, as well as some personal information questions like your telephone number, address, and beneficiary.
If you’re in good health, and can answer no to all the questions in this article, then you’ll be approved in less than three minutes!
After applying, you will receive one of the following four responses:
- Accepted: “Congratulations! You have been approved at our premiere rate!” This means your application was approved at the best rate class available.
- Accepted other than applied for: “Congratulations! You have been approved at our preferred rate!” The preferred rate is the second-best rate class available to applicants in “good” health for their age group.
- Application is in process: Roughly 10% of the applications submitted online require further review from a life insurance underwriter. In most cases, you’ll receive a response within 24 hours.
- If for some reason your application is declined, we can follow up with you to provide you with your next best option from another provider.
In this article, we’ve discussed Motorists Insurance Group’s history, underwriting leniencies, sample rates, and approval process. Let’s look at what else makes them a good pick:
- Multiple underwriting leniencies
- Life insurance options for commercial pilots/crew members
- Competitive pricing
- A 94-year history of success
- Term life, whole life, and universal life insurance options
- Additional policy benefits/riders
About JRC Insurance Group
At JRC Insurance Group, we have helped thousands of families and businesses with their life insurance needs, and we can help you too! Our agency is licensed in all 50 states and we’re independently owned and operated.
As a non-partial, no-fee brokerage, our goal is match our clients with the best life insurance options available by shopping and comparing rates from 63 highly-rated insurers. By having access to dozens of companies and their guidelines, we’re able to save our client’s time and money.
Most importantly, our services as completely free, and there is no cost to apply for coverage. Give us a call toll-free today at 855-247-9555, or you can request a free quote online to compare rates and options from dozens of insurance companies in less than a minute.
Managing Partner and Co-founder
Cliff is a licensed life insurance agent and one of the owners of JRC Insurance Group. He has helped thousands of families of businesses with their life insurance needs since 2012 and specializes with applicants who are less than perfect health. In his spare time he enjoys spending time with family, traveling, and the great outdoors.