Does Citibank Offer Life Insurance?

  1. 11783 POINTS
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Citibank may very well offer some form of life insurance through an affiliate company. Possibly credit life or accidental death and dismemberment. Citibank it's self is not an insurance company and I believe by law they cannot operate directly as an insurance company. That said through the use of "other" companies, they can offer insurance.
    Answered on April 28, 2013
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  2. 5877 POINTS
    Stan Cox II
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    Life Insurance is ONLY provided by authorized life insurance companies. Banks like CitiBank and others may have arrangements with one or more insurance companies to make offers to their customers similar to AARP. It's like they're endorsing a particular insurance company to their customers. But banks do not sell or provide insurance. Sometimes a bank will provide an offer for a particular guaranteed term insurance policy for a small amount, but again they're just sending out the offer which is being made by an insurance company.
    Answered on October 30, 2015
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