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Brightpeak Financial Life Insurance Review


ConsumersAdvocate.org Rating: 4.5 / 5 (Excellent)
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Minnesota- based Brightpeak Financial is a financial services company that strives to help Christians take control of their money situation so they may live with confidence and generosity. The company feels when the stress and worry that financial difficulties bring are removed; clients will live fuller, more confident lives of service to family and the community.

How is Brightpeak Financial rated?

Breakdown

4.8/5
Company Stability
4.5/5
Reputation
4.0/5
Policies & Coverage

Overall Rating: 4.5 / 5 (Excellent)

Brightpeak Financial is a not-for-profit division of Thrivent Financial, a membership organization for Christians with over a century of experience in the life insurance industry.

They offer straightforward financial guidance along with term life insurance, disability income insurance, and retirement plans, all from a holistic approach that integrates the cultural, spiritual, behavioral, emotional, and practical dimensions of personal finances.

Brightpeak may be the perfect choice for spiritually-oriented consumers looking to support a transparent and ethical company.

Financial Strength

Key Details

Underwriter
Thrivent Financial
AM Best Financial Rating
A++

Company Stability - 4.8 / 5

As a subsidiary of Thrivent Financial, Brightpeak enjoys a strong financial reputation.

The company has received an A.M. Best financial strength rating of A++ (Superior) and a long-term issuer credit rating of aa+ (Stable).
*The above information reflects the market share, premiums, and financial strength of the issuer of the Brightpeak Financial life insurance policies: Thrivent Financial.

Reputation & Customer Experience

National Association of Insurance Commissioners

NAIC Total Complaints 2017
1

Customer Ratings

Trust Pilot Rating
8.7 out of 5
BBB Rating
A+
Number of BBB Neutral Reviews
1
Number of BBB Negative Reviews
4
Date Collected
2017-09-01

Reputation - 4.5 / 5

Brightpeak Financial is accredited by the Better Busines Bureau and currently holds an A+ rating with no customer complaints.

Thrivent Financial, its parent company, has only received only 1 complaint against their individual life policies according to the NAIC's 2017 report.

Brightpeak Financial Policies

Brightpeak Financial offers customers the following life insurance policies: Term.

Term Life Insurance

Minimum Age
50
Minimum Death Benefit
$50,000
Maximum Death Benefit
$6,000,000
Available Terms
10 year
20 year
30 year

Policies & Coverage - 4 / 5

Brightpeak Financial only offers 10, 20, and 30 term life insurance policies for individuals over 50 years of age.

Their coverage amounts range from $50,000 to $6 million, yet don't appear to include any optional riders or additional benefits.

Brightpeak offers a product that is simple, straightforward, and reliable, an excellent option for spiritual-minded individuals looking to sponsor an ethical, family-oriented company.

Flexibility and Available Riders

Flexibility & Available Riders - 0 / 5


Additional Company Information

Homepage URL
Company Phone
(888) 362-5502
Headquarters Address
901 N. 3rd Street #195, Minneapolis, MN, 55401
Year Founded
1902

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Top Rated
Our Partner
  • The only 100% no medical exam term life insurance
  • Ages 18 to 60 are eligible to apply
  • Term life policies $50,000-$1.5 million in coverage
  • Company offers 10, 15, 20, 25, and 30-year terms
  • Monthly premiums as low as $10
  • Featured in WSJ, CNN, Forbes, TechCrunch & Money.com