Zander Life Insurance Review 2022

Zander Insurance is not one of our top life insurance companies. You can consult our list of best life insurance companies for what we think are better options.

The benefits explained

  • Compare multiple quotes at once: By entering basic information into one form, you can get quotes from multiple insurance companies at once, making it easier to compare and choose the best policy for you.
  • High coverage amounts available: Through Zander, you can purchase up to $10 million in coverage, providing your beneficiaries with a substantial death benefit.
  • Not all policies require medical examinations: While most life insurance policies will require you to undergo a medical exam, some policies offered by Zander use simplified underwriting and allow you to skip the exam.

Disadvantages Explained

  • Policies not underwritten by Zander: Although you can get quotes for term life insurance through the Zander website, Zander does not underwrite any of the policies. It connects consumers with third-party partners who issue the policies.
  • Only term life coverage available: Zander only sells term life insurance; if you are looking whole or universal life policies, you will have to go elsewhere.
  • No optional endorsements: Zander lets you get quotes for term life insurance coverage, but you don’t have the ability to add endorsements to your policy to customize your coverage.

Packages available

Zander Insurance only sells term life insurance. It is not necessary to work with an agent; you can get a quote and submit your application online. There is only one type of plan:

Term life insurance

Term life insurance is frequently recommended by financial experts due to its relatively low cost. It offers your beneficiaries temporary protection; if you die during the covered term, they receive a death benefit. Once the term is over, they are no longer entitled to a benefit.

Zander Insurance coverage amounts range from $50,000 to $10 million, so you can choose the benefit that suits your needs. You can choose a term of 10, 15, 20, 25 or 30 years.

Most policies sold through Zander require a medical exam. However, there are a few that use simplified underwriting, so you won’t have to pass an exam to get coverage.

Runners available

Most life insurance companies have a list of endorsements or insurance endorsements, which you can add to your policy for an additional fee. Riders can add coverage for family members, allow you to access benefits sooner if you become terminally ill or chronically ill, or add to your coverage later.

However, Zander Insurance does not allow you to add endorsements to your policies when obtaining quotes.

Customer service

The Zander Insurance customer service team is available by phone or email. It also has a chat function that you can use during Zander business hours to get your questions answered immediately.

To contact customer service, send an e-mail [email protected] or call 800-356-4282.

If you decide to apply for insurance after you receive a quote from Zander and your coverage is approved, you work with your policy-issuing company for any questions or issues you have with your plan.

Index of complaints

If you are comparing insurance companies, look at their complaint ratios. The National Association of Insurance Commissioners (NAIC) publishes company complaint ratios annually to show the number of complaints received by companies relative to their share of the insurance market.

The industry standard for ratios is 1.0. Companies with ratios above 1.0 received more complaints than is typical for their size. Those with ratios below 1.0 received fewer complaints.

Since Zander does not issue policies itself, it does not have its own complaint rate. Instead, look at the complaint ratios of the companies that issue the policies. Below are the partner company claims ratios for 2021:

  • AIG: 0
  • Insurance : 0.23
  • Banner lifespan: 0.12
  • Lincoln Financial Group: 0.08
  • Omaha Mutual: 0.65
  • Peaceful Life: 0.05
  • Protective Life: 0.15
  • Prudential: 0.67
  • SBL: 0.60
  • Transamerica: 1.85

Third-party reviews

When shopping for insurance, pay attention to the companies’ financial stability and reputation for customer service.

Although there are many credit rating agencies, AM Best is the best known in the insurance industry. The company assesses insurance companies and issues its opinion on the ability of companies to meet their political and contractual obligations through its financial strength ratings. Look for companies that have an “A” rating or higher.

Another resource is the JD Power 2021 US Life Insurance Study. The study evaluated 24 life insurance companies and ranked them based on price, policy options, communication and customer service.

Below are the AM Best Ratings and JD Power Rankings for Zander Partner Companies:

AM Best J.D. Power
AIG A 20
Insurance A- Not evaluated
Banner Life A+ Not evaluated
Lincoln Financial Group A+ 12
Mutual of Omaha A+ 5
Pacific life A+ 4
Protective life A+ 16
Prudential A+ 15
I am sorry A- Not evaluated
transamerica A 19

Cancellation Policy

When you purchase life insurance from Zander or another company, you are entitled to a free 10-day search period. Within the first 10 days of receiving your policy documents, you can cancel your policy and get a full refund of all premiums you have paid.

After the free exam period is over, you can cancel your term life insurance at any time without paying a cancellation fee. However, you will not receive any refund of premiums.

To cancel your coverage, contact the company that issued the policy to you.


The price can vary greatly from company to company, which is why it makes sense to shop around. We used Zander’s quotes feature to get quotes for $500,000 coverage for a 35-year-old woman in excellent health. The rates shown are the monthly premiums:

10 year term 20 year term 30 year term
AIG $13.24 $19.23 $31.37
Insurance $17.84 $26.10 $36.11
Banner Life $14.91 $18.93 $31.37
Lincoln Financial Group $13.93 $20.57 $34.13
Mutual of Omaha $14.84 $22.15 $35.05
Pacific life $13.61 $19.37 $32.72
Protective life $13.58 $18.90 $30.91
Prudential $23.63 $30.19 $42.00
I am sorry $12.62 $19.26 $32.71
transamerica $12.04 $17.63 $30.96

Like all other insurance companies, Zander Insurance requires you to select “male” or “female” when obtaining a term life insurance quote. Being nonbinary does not prevent you from buying life insurancebut you should be aware that most insurance companies have not updated their underwriting processes to reflect current awareness of gender issues.


Although Zander can be a useful resource if you want to compare term life insurance policies, it does have some limitations. We compared it to state farmone of our picks for the best life insurance and term insurance.

State Farm offers more policy options than Zander. In addition to term life insurance, State Farm also sells all the life and universal life insurance policies. While policies purchased through Zander can take four to six weeks to be approved, State Farm has an instant issue policy, allowing you to get coverage in minutes.

Where State Farm really sets itself apart from Zander is its available riders. You can use its endorsements to customize your coverage. For example, State Farm has a term rider for children, a flexible care benefit, and a guaranteed insurability option.

State Farm also has the advantage with its customer service; JD Power ranked State Farm as the best individual life insurance company in its study.

Zander insurance state farm
Number of packages Many ten
Dividends for 2020 Not applicable $600 million
Wellness Program Discounts/Quit Smoking Incentives Not applicable Not applicable
service method On line Officers
AM Highest rating A- to A+ (depending on the issuing company) A++ (Superior)
Price Ranking About average Better than most
Complaint trend Depends on issuing company 0.24

final verdict

If you’re looking for a basic term life insurance policy to get temporary coverage, Zander Insurance is a great tool. You can use Zander to get quotes from several well-known insurance companies, helping you find the best price.

However, Zander only sells term life insurance and does not have options to customize your policy. If you are looking for other types of insurance or multiple insurance endorsements, you will need to work with another insurance company.

Get a quote

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How We Review Life Insurance Companies

Our life insurance company reviews are based on a quantitative approach that analyzes each insurer based on its stability and reliability, customer service, claims experience, diversity of product lines and cost. We compare the terms of each type of policy offered, including available coverage amounts, optional riders and premium payment options, with those of other major life insurance companies. Finally, we look at how the company is rated by third-party organizations to determine its reliability and overall reputation.

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About Tips Clear

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