Western Reserve Life

Western Reserve Life sells term, universal variable, and variable life insurance, plus fixed and variable annuity plans. Western Reserve was founded in 1957 in Cleveland, OH, and they sell through independent agents and brokers. Their parent company is AEGON USA Group. Read the Western Reserve life insurance reviews below to find out if this is the right life insurance company for you.

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Feb 20, 2021

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Company Details
Address: 4333 Edgewood Road N.E.
City: Cedar Rapids
State: IA
ZIP Code: 52499
Phone Number: 800-851-9777
AM Best Rating: A+
URL where was collected the AM Best Rating: http://www.ambest.com/ratings/
Lines of Insurance: life
States Licensed To Sell Insurance In: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Type of Insurance Company: Stock (parent)
Parent Company: AEGON USA Group
Top executive Contact: Ronald F. Wagley
Title of Top executive: CEO
Assets & Premiums:

S&P rating: AA (very strong)Moody’s rating: Aa3 (excellent)Fitch rating: AA+ (very strong)

Company Rating 2.53 (99 reviews)

Company Overview:



Company History: Founded 1957, Cleveland, OH. The company took its name from an area in northeast Ohio once known as the Western Reserve. In five years, Western Reserve Life operated in five states. In the 1960s, changing consumer needs altered the company’s products. The stock market and mutual funds became appealing; however, it was not affordable for traditional and various other investments. To rectify this issue, The Balanced Program was created. This allowed consumers to afford both term life insurance and the benefits of mutual funds.

Principle Sales Methods: Independent agents and brokers.

Life Annuity Business: Western Reserve Life sells Term, Universal Variable and Variable Life Insurance, plus Fixed and Variable Annuity plans.

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