Is Matrix Direct a good insurance company?
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Asked September 26, 2011
1 Answer
Matrix Direct life insurance company boasts having more than $120 billion in insurance policies in effect, making it one of the top insurance underwriters in the country. They are operated by AIG Direct Insurance Services, Inc. Their insurance lines are offered through a diverse group of partner companies which include Gerber, American General IMatrix Direct is not an insurance company, but rather an online insurance agency that specializes in helping consumers find and compare insurance policies from various insurance providers. Matrix Direct was founded in 1995 and is based in San Diego, California. As an agency, Matrix Direct's quality of service and reputation depend on the insurance providers they work with, as they do not underwrite or issue policies themselves. The quality of coverage and pricing can vary greatly depending on the individual insurance company and policy selected by the customer. Matrix Direct has an A+ rating from the Better Business Bureau and positive customer reviews for their customer service and assistance in finding affordable insurance options. However, as with any insurance agency or provider, it is important for consumers to do their own research and compare policies and prices before making a decision.nsurance, and Fidelity Life. What are the company's financial ratings? Matrix Direct has a Better Business Bureau financial rating of A+, only one notch from being at the top of the financial ratings. This indicates that the company is on firm financial ground, suitable both for purchasing insurance policies and investing options. Matrix Direct is not rated by A.M. Best due to the nature of the corporation as an insurance reseller rather than a primary underwriter. How satisfied are the life insurance company's customers? Customer satisfaction of Matrix Direct is difficult to establish because the company does not sell its own insurance but rather markets insurance lines for other leading companies. Matrix only sells life insurance coverage, and boasts more than 5 million currently active policies. Where are the company's products available? The life insurance company is licensed to sell insurance in all 50 states plus the District of Columbia. The company sells insurance policies for other leading underwriters, but does not own any insurance underwriters directly. Matrix Direct prides itself on being a new kind of insurance distributor, and their business methods seem to back up the claim. What's the bottom line on AIG Direct's Matrix? This company is a large life insurance policy reseller. They do not offer multiple lines of insurance, which limits their appeal in the consumer market compared to other life insurance carriers. The company has a high rating from the Better Business Bureau, but should be investigated closely before committing to long term life insurance policies or large scale investment plans. There is nothing to indicate a problem with Matrix Direct, but it is still a wise decision to invest cautiously.
Answered September 26, 2011 by Anonymous