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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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jun 9, 2021

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The Facts of Life

  • Prosperity Life offers more life insurance options than Oxford Life, but both companies have the same A.M. Best rating
  • Overall, Oxford Life burial insurance is cheaper
  • Your life insurance rates are determined by age, gender, health, policy type, and coverage amount

Comparing Oxford vs. Prosperity Life insurance is like comparing red apples to green apples — they’re pretty similar, but there are some key distinctions.

Oxford Life insurance focuses on a few specific policies, such as whole life insurance and final expense burial insurance. However, Prosperity Life insurance has a bigger selection of policies, including term life insurance.

If you’re having a hard time deciding which one is best, don’t worry — we’re here to help you compare Oxford vs. Prosperity Life life insurance quotes, products, and third-party ratings.

Continue reading to learn more about affordable Oxford vs. Prosperity Life life insurance. Enter your ZIP code in the free online quote tool to compare the top companies near you.

Oxford vs. Prosperity Life Insurance: Which company has more life insurance products?

Prosperity Life has more life insurance options. The website has four term life insurance policies, two permanent life insurance plans, and a final expense burial insurance option.

Oxford Life only has three policies: a whole life insurance policy and two burial insurance policies.

Before you decide between Oxford vs. Prosperity Life insurance, you’ll have to determine what type of life insurance policy you need.

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Oxford vs. Prosperity Life: How much are their insurance rates?

Oxford Life doesn’t have term life insurance, and its whole life insurance rates are private. Prosperity Life also has private life insurance rates. However, we managed to locate some sample rates from both companies.

Let’s compare Oxford vs. Prosperity Life life insurance rates.

Oxford Life vs. Prosperity Life Average Monthly Burial Insurance Rates by Age and $5,000 Policy Limit
Age of PolicyholdersOxford Average Monthly Burial Insurance Rates (Non-Smoking Females)Oxford Average Monthly Burial Insurance Rates (Non-Smoking Males)Prosperity Life Average Monthly Burial Insurance Rates (Non-Smoking Females)Prosperity Life Average Monthly Burial Insurance Rates (Non-Smoking Males)
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Like most life insurance plans, your burial life insurance rates increase as you get older. Burial life insurance is known for its low policy benefits compared to term and permanent life insurance.

If you want a little more in terms of death benefits, you’ll need to increase your coverage amount. Oxford Life and Prosperity Life provide up to $30,000 in burial insurance.

Policyholders can use the Oxford or Prosperity Life provider portal to review life insurance premiums, but potential customers won’t get any accurate premiums until a quote is approved through an agent.

Do Oxford and Prosperity Life insurance have good ratings?

Knowing about the cost of premiums is important, but your comparison shouldn’t stop there. Always look into an insurance company’s financial strength and customer service ratings to get a more comprehensive picture.

According to Business Wire, Oxford Life has a rating of “A-” from the credit rating agency A.M. Best, which is the fourth-highest rating. Prosperity Life also received an “A-” from A.M. Best.

What does this mean? The “A-” with A.M. indicates that both companies have a stable financial outlook and no problem meeting their obligations to customers.

Neither Oxford Life nor Prosperity Life appears on the J.D. Power Life Insurance Study, either because their customer satisfaction scores are too low to compete with the best life insurance companies, or because they didn’t meet the study’s participation criteria.

Can I file a life insurance claim online with Oxford and Prosperity Life?

You can’t file an Oxford Life claim online, but you can file a claim through Oxford Life Insurance Company customer service. Call the Oxford Life insurance phone number at 866-641-9999.

Prosperity Life insurance allows you to start on a claim through its website. Click on the “Start A Claim” link at the top right of the page and follow the instructions to begin your Prosperity Life claim.

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Oxford vs. Prosperity Life Insurance: What’s the bottom line?

So, should you buy Oxford vs. Prosperity Life life insurance? Prosperity Life insurance has more Medicare supplement and life insurance products than Oxford Life, but Oxford Life has more annuity programs and cheaper burial insurance rates.

Now that you’ve compared Oxford vs. Prosperity Life insurance, use our free comparison tool below to compare multiple companies in your area.