The finest life insurance companies are financially stable, offer the life insurance policies you want, provide excellent customer service, and offer competitive rates. Nationwide was deemed to be the top overall life insurance provider, but other alternatives may be a better fit based on your needs. For example, Protective is our top pick for term coverage, and State Farm is our top pick for customer satisfaction.
We assessed hundreds of life insurance carriers in the following categories
for our life insurance ratings, assigning each category a certain weight %
depending on its importance: Financial stability (17%), application
procedure (16%), customer satisfaction (15%), customer service (14%), riders
and living perks (9%), and life insurance premiums (8%). Analyzing these
major areas assists us in identifying
NAIC complaint index scores are included in the corporate information below.
The National Association of Insurance Commissioners (NAIC) complaint index
is a measure that displays whether a firm has received more or fewer
complaints than other insurers after adjusting for market size.
The Top 12 Life Insurance Companies in July 2023
- Overall winner: Nationwide
- Protective Best Term Life Insurance
- Haven Life has the best purchasing experience.
- MassMutual offers the best convertible term life insurance.
- Mutual of Omaha has the best return-on-premium term.
- Guardian is a fantastic traditional insurer.
- USAA is the best option for military personnel.
- Penn Mutual is an excellent choice for dividends and no-medical-exam life insurance.
- Banner has the lowest term premiums.
- State Farm Life Insurance is the best in terms of customer satisfaction.
- New York's Best Whole Life Insurance Northwestern Mutual is the world's largest life insurance company.
Where Can You Find the Best Life Insurance Companies?
As previously said, there are several life insurance companies
available, making it difficult to select the best one for your needs.
However, there are a few critical aspects to consider when purchasing
life insurance.
- First, be certain that the firm is respectable and has a high financial stability rating. You may check this by searching internet reviews to see that the company pays out the death benefit on schedule, or by speaking with a life insurance agent who has expertise with the company. Learning how other people see their interactions with the firm can inform you how well they are performing in terms of customer satisfaction.
- Second, be certain that the provider provides the sort of insurance you want. There are many various types of plans available, so be sure the firm offers the one that is best for you. Some businesses, for example, may only provide one type of coverage, such as just term life insurance or permanent life insurance. Also, consider the kind of riders they provide.
- Finally, be certain that you are getting good value for your money. Because the life insurance premium is the amount of money you will pay for your policy, you should make sure that it is cheap. Furthermore, various firms may give the same amount of coverage at varying costs, which is why it's essential to examine the pricing situation among different life insurance carriers. In the end, you should acquire the maximum death benefit at the lowest cost.
The Best Term Life Insurance Providers
If your responsibilities are transitory, such as a mortgage to pay off
or raising a kid, term life insurance might be an excellent
alternative.
It might be tough to determine which individual life insurance company provides the finest term life insurance. Many considerations must be considered, including the company's financial viability, the quality of coverage, and the premiums. However, by studying and comparing several firms, you may obtain the finest term life insurance coverage for your circumstances.
The company's rating from independent organizations such as A.M. Best or Standard & Poor's is an important factor to examine. These organizations evaluate insurance firms based on their financial stability, which indicates their capacity to pay claims on time.
- It is also critical to consider the Coverage levels provided by various providers are compared side by side. Compare apples to apples, though, because some policies have varying definitions of what constitutes a "death benefit." Our free quotation tool allows you to compare life insurance prices.
- Finally, remember to compare premiums! If you can't afford the premiums, even the finest term life insurance coverage in the world won't help you. Because term insurance is only intended to provide a death benefit, it is critical to choose the lowest premium rate with the highest-rated life insurance provider.
- By taking into account all of these aspects, you can be certain to find the finest term life insurance coverage for your needs.
- When you require term life insurance, the top life insurance providers are listed below. Shop for and compare term life insurance quotes.
The North American continent
Lincoln Financial Group is a financial services firm.
Lincoln Financial Group is a Fortune 500 company that offers a variety of financial services, including life insurance. They have a fantastic reputation for customer service and claims management. Lincoln Life Insurance Company provides term life insurance in the form of level term, renewable term, and convertible term plans. To begin, you may receive an online life insurance quotation from Lincoln or call their customer care phone number.
John Hancock's signature
John Hancock is a well-known life insurance company that has been
in business for almost 200 years in the United States. They are a
well-known corporation that has been in business for more than 200
years. John Hancock offers term life insurance products including
level term, renewable term, and convertible term. By visiting their
website or phoning their customer service number, you may get a life
insurance quotation from John Hancock.
Transamerica
Transamerica is another well-known life insurance company that offers a choice of term life insurance coverage. They have been in business for almost a century and are well-known. Transamerica has an excellent reputation for customer service and claims management. Transamerica offers life insurance quotes online or by contacting their customer service hotline.
Banner Living
Banner Life Insurance Company is owned by Legal & General, a major worldwide financial services firm. Banner provides a variety of term life insurance products, including level term, renewable term, and convertible term policies. Banner offers life insurance quotes online or by contacting their customer service hotline.
Protective
Dai-ichi Life is a major Japanese financial services firm. Protective Life Insurance Companies is a subsidiary of Dai-ichi Life that specializes in term life insurance of various lengths, such as level term, renewable term, and convertible term plans. Protective offers quotes online and through their customer service hotline.
Prudential
Prudential is a significant and well-known supplier of life insurance in the United States. They have been in existence for more than 150 years and are well-known. Prudential offers a wide range of life insurance products, including term life insurance. Customers compliment Prudential for providing good customer service and managing claims. Prudential offers life insurance quotes online or by contacting their customer service hotline.
Pacific Life Insurance
Pacific Life, like other major life insurance carriers such as
MetLife, Prudential Financial, and MassMutual, is a large and
well-established firm. They have been in business for more than 150
years and are one of the world's oldest life insurers. Pacific Life
provides term life insurance plans in a variety of styles, including
level term, renewable term, and convertible term. Pacific Life
offers life insurance quotes online or by contacting their customer
service hotline.
Nationwide
Nationwide is a major supplier of life insurance in the United States. They've been providing trustworthy service to consumers all around the country for almost 80 years. Nationwide offers a variety of life insurance options, including term and permanent policies. Nationwide offers life insurance quotes by visiting their website or phoning their toll-free customer service line.
Ethos (Best New Business)
Although Ethos Life Insurance is a relatively new life insurance company, it is swiftly establishing itself as a market leader. Ethos offers level, renewable, and convertible term life insurance plans, as well as additional permanent and temporary life insurance solutions.
Unfortunately, Ethos does not provide universal life insurance or cash value accumulation products; but, if you're seeking term insurance, you'll be pleased with what they have to offer. Ethos offers life insurance through its website or by phoning its customer service hotline.
AIG
AIG is an international insurance firm that was founded in 1904. They are a well-known brand and one of the most reputable life insurance firms in the industry. AIG offers term and permanent life insurance, as well as other products. When it comes to claims processing and customer service, they have a good reputation. AIG offers life insurance quotes online or by contacting their customer service hotline.