Degree Of Honor Life Insurance Review In 2023
Posted in Final Expense Life Insurance Reviews last updated on January 3, 2023
Degree Of Honor Life Insurance Review
Summary
Degree Of Honor life insurance has above-average prices but great customer service and a wide variety of life insurance products.
| Pros | Cons |
|---|---|
| ✅ Wide variety of products | ❌ Above-average prices |
| ✅ Small company – good customer service | ❌ Can’t offer multiple companies products |
| ❌ Not available in many states |
Degree Of Honor Life Insurance is a subsidiary of Catholic Financial Life. If you’re wondering if Degree Of Honor is a good company and how it stacks up to competition you’ve come to the right place.
In this article, we will go over what Degree Of Honor offers and our recommendation for their products.
Table Of Contents
Who Is Degree Of Honor?
Degree Of Honor is a faith-based fraternal organization and has been in business for over 140 years. They are now a subsidiary of Catholic Financial Life.
They sell life insurance, annuities, IRAs, and have affiliates who sell Medicare supplements.
Life Insurance Products
Degree Of Honor has a variety of life insurance products.
Universal Life
Their universal life product is a standard product that lasts for life at lower premiums than a traditional whole life policy and more flexibility if you need to change your policy. Most of the time, only younger people qualify for universal life as the requirements are more strict.
Whole Life
Again Degree Of Honor has a variety of whole life products.
- Traditional Whole Life
- 20 Pay (Paid up after 20 years)
- Single Pay (Large lump sum payment)
Final expense/burial insurance policies are a type of whole life product.
These are pretty standard in the industry.
Term Life
Their term life product has terms for 10, 20, and 30 years and they even have term life for children for up to $25,000. Term life will be the cheapest option, but doesn’t grow in cash value and will expire at the end of the term.
Cost
Degree Of Honor doesn’t have bad prices but they are not great either. We’ve found from sample quotes for all of their products that their prices are average at best.
The truth is you can find better rates with many companies we work with like Mutual Of Omaha, Aetna, GCU, Foresters, just to name a few.
If you want free quotes you can simply fill out the quoter to get quotes for you and your loved ones.
Is Degree Of Honor A Good Company?
Degree Of Honor seems to be a reputable company, even if they have higher prices than usual. Since they are small, they will probably have good customer service and answer their phone quickly. They also have member benefits since they are a fraternal organization.
Degree Of Honor is a small local company that doesn’t operate in many states, but they seem like good people to work with.
Summary
We recommend at least shopping around at other companies before buying any type of financial product because there are so many companies out there at different rates.
You can shop around all of the top companies nationwide by filling out our quoter on this page to see final expense whole life rates instantly.
If you want term life rates instead click here.
If you want Medicare supplement rates click here.
And if you have any questions or just want to talk to someone, give us a call. Seniors Mutual is an independent insurance brokerage that can find the best prices or most amount of benefits for anyone, no matter your income, location, or health status.
We look forward to speaking with you!
