Sara Routhier, Managing Editor of Features and Outreach, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming worl...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Feb 18, 2021

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The Brief

  • Prosperity Life Insurance Group has private insurance rates
  • You can download Prosperity Life Insurance claim forms online
  • Prosperity Life policies are available in 35 states and Washington, D. C.
  • The latest A.M. Best rating on Prosperity Life is an A-
  • Three smaller companies underwrite for Prosperity Life Insurance

Smaller life insurance companies, such as the Prosperity Life Insurance Group, can be just as good as more prominent providers. Prosperity Life Group carries a stable financial outlook under the A.M. Best, but you won’t find any cheap term life insurance rates from this company online.

Our Prosperity Life insurance guide explains what this company provides, how to find the cost of monthly premiums, how to file claims, and explores other general information to help you make a confident decision.

Before you read more about Prosperity Life, see what life insurance rates look like for you. Enter your ZIP code in the free comparison tool above to compare life insurance quotes now.

What products does Prosperity Life Insurance Group offer?

Prosperity Life Insurance reviews and manages annuity, health, and life insurance policies. Here’s a complete list of the insurance products you can purchase at Prosperity Life Insurance Group.

Prosperity Life Insurance Products
Life Insurance PoliciesAnnuities (Asset Accumulation)Health Insurance (Supplemental)
Final ExpenseFixed Index AnnuityMedicare Supplement
Graded Death Benefit TermSingle Premium Deferred AnnuityVoluntary Group Accident
Income Continuation TermVoluntary Group Cancer
Renewable & Convertible TermVoluntary Group Critical Illness
Simple Issue TermCombo Life
Whole Life
Single-Premium Universal Life
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Prosperity Life Group has three permanent life insurance policies and four term life insurance policies. It also has a Medicare Supplement service, which may work out perfectly for some policyholders.

Single-premium universal life cost and whole life insurance cost is typically more expensive than term life insurance.

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How much are Prosperity Life Insurance rates?

Prosperity Life Insurance is one of many companies that doesn’t provide policy costs online. We searched through search engines and databases, but we couldn’t locate reliable Prosperity Life insurance quotes.

However, SBLI Insurance (an underwriting company for Prosperity Life) has life insurance rates that we can pull to get a general idea. Let’s examine how much life insurance costs for nonsmokers and smokers.

Age of Non-SmokersLife Insurance Rates of a 10-Year Term Life Policy w/ $100K Death BenefitLife Insurance Rates of a 20-Year Term Life Policy w/ $100K Death Benefit
25$8$9
30$8$9
35$8$9
40$10$11
45$12$16
50$15$21
55$19$32
60$28$51
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Policyholders who don’t smoke and are 25 to 35 years old pay the least for term life insurance regardless of the term. Meanwhile, 20-Year policies generate more expensive rates.

What about smokers? Let’s look at the cost of term life insurance for smokers.

Monthly SBLI Term Life Insurance Rates for Smokers (Prosperity Life Insurance)
Age of SmokersLife Insurance Rates of a 10-Year Term Life Policy w/ $100K Death BenefitLife Insurance Rates of a 20-Year Term Life Policy w/ $100K Death Benefit
25$19$22
30$19$23
35$19$27
40$24$35
45$32$48
50$45$69
55$72$107
60$127N/A
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Smokers pay more overall. The trend continues where younger policyholders pay more than senior policyholders, such as smokers who are 60 years old and older.

If you want to talk to Prosperity Life Insurance Company by phone to determine how much you’ll pay for its policies per month, contact Prosperity Life Insurance Group’s contact information.

  • Prosperity Life Insurance Phone Number – 1-877-725-4872
  • Prosperity Life Insurance Address – 4415 Pheasant Ridge Rd Suite 300 Roanoke, VA 24014 United States

If you decide to get a Prosperity Life Group policy, you can manage your account online. The company has a policyholder login and Prosperity Life agent login.

How do you make a Prosperity Life insurance claim?

Did you recently buy a Prosperity Life insurance policy? If yes, you’ll need to know how to file a claim. We researched for you and summarized the steps to filing Prosperity Life Insurance claims.

Step #1 – Visit the Prosperity Life Website

Go to https://www.prosperitylife.com/ and click “Claims” that’s located on the banner. This link opens a selection that says “Start a Claim.” Click the “Start a Claim.”

Step #2 – Choose the Claim Type

There are three selections on the next webpage: individual life claim, individual annuity claim, and group claim. Click the claim type that you need, and you’ll be sent to the next page.

Step #3 – Follow the Instructions

Prosperity Life has specific instructions for each claim type. Since each service requires something different from customers, the process varies.

Read each section carefully or contact Prosperity Life using its contact prompt. You can find Prosperity Life’s contact form at https://www.prosperitylife.com/contact.

Step #4 – Download and Complete the Release Form

Once you’re done, download the claim package that’s provided at the bottom of the webpage. Print out the form and fill out the details. If you need help, contact Prosperity Life customer service.

What are the financial ratings for Prosperity Life Insurance?

According to A.M. Best, Prosperity Life Insurance Group has an A-. That’s an excellent score, which means Prosperity Life has a stable financial outlook and low credit risk for investors.

We searched for Moody’s and S&P ratings, but Prosperity Life only participated in AM Best research.

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What is Prosperity Life Insurance Group?

Prosperity Life Insurance Group was founded in 2009 and has expanded its policies to 35 states and Washington D.C. Three companies underwrite for Prosperity Life Group, and they are:

  • Shenandoah Life Insurance Company
  • SBLI USA Life Insurance Company, Inc.
  • S.USA Life Insurance Company, Inc.

On Jan.4, 2019, Elliott Management acquired Prosperity Life Insurance Group, LLC and all its members (Shenandoah, SBLI USA, and S.USA). Despite the acquisition in 2019, Prosperity Life still maintains a strong presence.

Check out this quick summary to see where Prosperity Life stands.

Prosperity Life Insurance Group Summary
Prosperity Life SummaryProsperity Life Stats
CEO/PresidentNicholas Von Moltke
Senior VPsMichal Ryduchowski
Kathleen Kronau
Address4415 Pheasant Ridge Rd Suite 300
Roanoke, VA 24014 United States
Phone NumberShenandoah: 1-800-848-5433
SBLI USA: 1-877-725-4872
S.USA: 1-866-787-2123
Websitehttps://www.prosperitylife.com/
Direct Premiums$13 billion (Life Insurance)
Total Assets$2.7 billion
Best ForAnnuity, Health, Life
AM Best RatingA-
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Prosperity Life maintained its AM Best rating and continues to manage over 300,000 policies. Since the increase of more life insurance policies due to the COVID-19 pandemic, Prosperity Life Insurance Group may see more earnings in 2021.

Prosperity Life Insurance: The Bottom Line

You can find various products at Prosperity Life Insurance Group, but it may be difficult for you to determine the price without talking to a Prosperity Life agent. Overall, Prosperity Life appears to be a reliable insurance company. Its stable financial outlook is a good look for the company, but it lacks wider availability across the United States.

If you want to compare life insurance quotes outside of our Prosperity Life insurance overview, enter your ZIP code in the free online quote tool below.

Frequently Asked Questions: Prosperity Life Insurance

Did we miss something? We’ll answer a few frequently asked questions to wrap up the Prosperity Life Insurance Group review.

#1 – What’s Prosperity Life’s phone number?

You can reach Prosperity Life Group at 1-800-848-5433, 1-877-725-4872, or 1-866-787-2123. These phone numbers are from different companies, but they’re all connected to Prosperity Life Insurance.

#2 – Does Prosperity Life sell health insurance?

Prosperity Life sells supplemental health insurance. When your separate health insurance policy doesn’t cover certain expenses, Prosperity Life’s supplemental insurance program can cover those gaps.

#3 – Who owns Prosperity Life Group?

Prosperity Life Group is a subsidiary of Prosperity Group Holdings, LP. As of Jan 2019, the investment group known as Elliott Management owns Prosperity Life.

#4 – How do you cancel a Prosperity Life insurance policy?

Here are the steps you should take when canceling your Prosperity Life policy.

  • Step #1 – Contact Prosperity Life and tell them you want to cancel.
  • Step #2 – Give them your personal information, policy number, and cancellation date.
  • Step #3 – While you wait for your cancellation date, set up a new policy to remain insured.

Setting a date will give you time to find a cheaper policy, and it gives you time to reconsider if you can’t find a better insurance policy.

#5 – What companies make up Prosperity Life Group?

Shenandoah, SBLI USA, and S.USA underwrite for Prosperity Life Insurance. These companies are not listed as subsidiaries, but they’re called members of Prosperity Life Group.