Settlers Life Insurance Company Review 2026

InsuredBetter's Settlers Life Insurance Company Score

3.4 Stars

We award Settlers Life Insurance Company a final rating of 3.4 out of 5 stars. The insurance company has been around for more than 85 years now, which is significant within the industry. However, it seems the carrier has not used this time to their advantage. Though Settlers Life has received high ratings through AM Best they have had several customer complaints filed against them in recent years due to a change in ownership. While coverage is offered in 47 states, their catalog is extremely limited, with a focus on only final expenses insurance. The insurance company provides 24/7 claims reporting via online form and online bill pay. There is not much information about the carrier’s coverage on their official website, nor is there a claims response time frame promise or an outline of their claims process at all. It is challenging to find any customer feedback about the insurance company online, but the few reviews that are available are pretty good. So, currently it is fairly easy to say positive things about this carrier. So, our recommendation is that if you are in the market for final expense coverage, survey your options for trusted carriers with your independent insurance agent, and perhaps look further into Settlers Life.

Settlers Life Insurance Company at a Glance

Settlers Life Insurance Company Pros and Cons

Pros:	Cons:
Well-established carrier with more than 85 years of experience in the insurance industry	Not accredited by the Better Business Bureau (BBB)
Highly rated by AM Best	Customer feedback can be difficult to find
24/7 claims reporting available via email	Limited information provided about the claims process
Strong financial stability	Official website could benefit from a major update
Coverage available in 47 states	Limited coverage options compared to larger carriers

What Type of Insurance Does Settlers Life Offer?

Settlers Life is a specialized insurance company with a focus toward final expense products. Their only insurance product offered is as follows.

Your independent insurance agent can help you find more information about the coverage offered by Settlers Life, and help you decide if this insurance company is right for you.

Using our insurance company directory can help you find the best insurance companies that specialize in your specific coverage needs. The company directory can also help you get connected to an agent near you.

What to Know about Settlers Life

Settlers Life was founded in 1933, under the name the Huff-Cook Mutual Burial Association, giving the carrier more than 85 year's worth of experience in the insurance industry. The insurance company was changed to Settlers Life in 1984, however, since they are a final expense focused life insurance company, they no longer write new business policies.

Today, Settlers Life still focuses its efforts on providing final expense insurance for consumers in need. Coverage is offered in 47 states across the country. The insurance company's LinkedIn profile states that Settlers Life has between 51 and 200 employees, with 50 of them found on the social media platform. As far as financial size, AM Best places the carrier in the $250 million to $500 million category.

Settlers Life has earned a reputation as a stable insurance company with a positive outlook for the future. AM  Best, the leading global credit rating agency monitoring the insurance industry, gives Settlers Life an “A-” rating, indicating the carrier is an excellent choice for insurance customers. High ratings from A.M. Best assure customers that Settlers Life can offer guaranteed, reliable coverage from a financially sound carrier.

Established in 1899, AM Best is one of the oldest rating companies in the world. Reviews from AM Best indicate an insurance company’s financial strength and creditworthiness and are based on comprehensive evaluations of the company’s operating performance, business profile, and balance sheet. For customers who are not as familiar with insurance companies’ respective reputations, AM Best’s ratings system allows them to make an informed decision about who they can trust to meet their needs in the short term, and also who will  remain a strong, financially sound company in the long term.

What Discounts Does Settlers Life Offer?

Settlers Life does not make information about their specific discounts available on their official website nor their social media pages.

An independent insurance agent can provide better discount and premium information for coverage through Settlers Life. When it comes to coverage, independent insurance agents work hard to help to get you the most out of your money.

Settlers Life Customer Service

Settlers Life offers 24/7 email claims reporting for its policyholders. The carrier also provides the following customer service options.

• Online bill pay
• Email contact option
• Online form claims reporting

Speaking with an independent insurance agent is the best way to ensure a great customer service experience. Independent insurance agents can help handle claims and other matters for you, so you can relax and enjoy your coverage.

Settlers Life FAQs