Let’s take a look at “Best Life insurance Companies: The Top 10 Life Insurance Companies” While the word “top” can be subjective, there are objective standards by which companies can be measured.
Here is a list of ten companies that have passed certain criteria for the top ten carriers for life insurance.
Table of Contents
Haven
Haven has reached the status of the best “new” life insurance company. Haven light has embraced the internet age and made an online application that can be filled out and submitted without the need for an agent. Haven is backed by Mass Mutual who is next on this list. Mass Mutual has over 165 years of stability, so “new” is in quotes. Offering the finest of both worlds is Haven.
Mass Mutual
Mass Mutual has a proven over 165-year history of serving individuals’ life insurance needs. They even offer a full financial portfolio, which is a real advantage if you want to keep all your financial resources in one place.
Banner
Though Banner doesn’t have the flash/bang of the instant insurance groups and does not provide instant acceptance, the strength of Banner is that they have the cheapest term life insurance rates of any carrier.
They have a wide range of riders, options, and low prices, especially for those who may not be in the top 1% of gym rat Olympiad health.
Proactive
Proactive has been providing household and business insurance for over a century and is fiercely competitive. They have a huge list of policyholders, and four separate “A” ratings, and their competitive streak makes them among the most cost-effective choice for universal insurance policies.
Prudential
Prudential is well known, even to the point where it’s become a household name. Prudential is a 140+-year-old institution with a proven track record and is in a heavily competitive battle with Met Life for most policies sold. They offer Term and Universal, but not Whole Life Insurance.
AIG- American General
AIG has a bewildering array of Universal and Indexed Universal options available. It might be best to work with an agent for this, but it is their wide range of options that puts them on this list. They offer a very competitive pricing structure and are an “A” rated carrier.
Principal Life
Principal Life Insurance has a staggering verity of terms, universal, and variable life insurance options, and a no-exam life insurance underwriting. They also offer up to one million dollars in coverage. This doubled the industry standard at the time.
Northwestern Mutual
Northwestern has been around for over a century, supplying a wide variety of coverage options. They have $220 billion in assets and a stable reputation.
MetLife
MetLife has been offering life insurance since the Civil War and have a wide variety of options, making them the leader in the U.S. as the largest provider of life insurance. They also offer other insurance including dental and disability.
Transamerica
Transamerica is an international company with more than 100 years of experience. What makes them special is the fact that not only do they offer the usual term and whole life insurance policies, but they also provide universal and even accidental insurance. They also have resources for investors as well.
