The Best Life Insurance Companies to Consider for Your Needs (2022)

Shawn Plummer

CEO, The Annuity Expert

When it comes to life insurance, there are a lot of different factors to consider. What type of policy do you need? What company should you go with? How much life insurance coverage do you need? These are all critical questions that need answers. This guide will discuss the best life insurance companies (based on a life insurance agent’s opinion) to consider for your needs. We will also provide tips on choosing the right company for you! Then shop and compare life insurance quotes.

How To Find The Best Life Insurance Companies

There are a lot of different life insurance companies out there, so it can be tough to choose the right one for your needs. However, there are a few key factors that you should always keep in mind when you buy life insurance.

  • First, you must ensure that the company is reputable and has an excellent financial stability rating. You can check this by looking at reviews online to ensure the company is paying out the death benefit in a timely manner or talking to a life insurance agent who has experience with the company.
  • Second, you must ensure that the company offers the type of policy you need. There are many different types of policies out there, so you need to ensure that the company offers the one that is right for you.
  • Finally, you must ensure you get a good value for your money. The life insurance premium is the amount of money you will pay for your policy, so you want to ensure that your life insurance premiums are affordable. The bottom line, you should get the highest death benefit at the lowest price.

Compare The best Life Insurance Companies

The Best Life Insurance Companies For Term Insurance

Deciding which individual life insurance company offers the best term life insurance can be a difficult task. There are many factors to consider, such as the company’s financial stability, the level of coverage, and the premiums. However, by researching and comparing different companies, finding the best term life insurance coverage for your needs is possible.

One important thing to consider is the company’s rating from independent agencies such as A.M. Best or Standard & Poor’s. These agencies rate insurance companies on their financial stability, meaning their ability to pay out claims promptly.

It is also essential to look at the coverage levels offered by different companies and compare them side-by-side. However, compare apples to apples, as some policies have different definitions for what qualifies as a “death benefit.” You can compare life insurance rates with our free quoting tool.

Finally, don’t forget to compare premiums! The best term life insurance policy in the world won’t do you good if you can’t afford the premiums. Because term insurance is designed only to leave a death benefit, finding the lowest premium rate with the highest-rated life insurance company is crucial.

By considering all of these factors, you can be sure to find the best term life insurance policy for your needs.

The following are the best term life insurance companies available to purchase. Shop term life insurance quotes and compare rates.

North American

North American Life Insurance is a large and well-known annuity and life insurance provider. They have been operating for over 150 years and are one of the world’s oldest life insurance firms. North American provides a variety of term life insurance plans, including level term, renewable term, and convertible term policies. You can get a life insurance quote from North American online or by calling their customer care phone number.

Lincoln Financial Group

Lincoln Financial Group is a Fortune 500 corporation that provides various financial services, including life insurance. They have earned a stellar reputation for customer care and claims handling. Lincoln offers term life insurance in the form of level term, renewable term, and convertible term policies. You can obtain an online life insurance quote from Lincoln or call their customer service phone number to get started.

Banner Life

Legal & General, a prominent international financial services corporation, owns Banner Life Insurance Company. Banner offers a range of term life policies, including level term, renewable term, and convertible term plans. You can get a life insurance quote from Banner online or by calling their customer care hotline.

John Hancock

John Hancock is a life insurance firm operating in the United States for over 200 years. They are a well-known company in the business and have been operational for more than 200 years. John Hancock provides term life insurance options such as level term, renewable term, and convertible term policies. You may obtain a life insurance quote from John Hancock by visiting their website or calling their customer care number.

Protective

Dai-ichi Life is a large Japanese financial services corporation. Protective Life Insurance Companies are a Dai-ichi Life subsidiary specializing in term life policies of varying durations, including level term, renewable term, and convertible term plans. You may get a quote from Protective online or by calling their customer care hotline.

Transamerica

Another notable life insurance corporation is Transamerica, which provides a variety of term life insurance policies. They have been operating for over 100 years and are well-known in the business. Transamerica has a stellar reputation for client service and claims handling. You can get a life insurance quote from Transamerica online or by calling their customer care number.

Prudential

Prudential is a large and well-known life insurance provider in the United States. They have been operational for over 150 years and are well regarded in the sector. Prudential provides a variety of life insurance solutions, including term life insurance. Customers praise Prudential for their excellent customer care and claims handling. You can obtain a life insurance quote from Prudential online or by calling their customer service phone number.

Pacific Life

Pacific Life, like other major life insurance carriers such as MetLife, Prudential Financial, and MassMutual, is a huge and well-established company. They have provided services for over 150 years and are one of the world’s oldest life insurers. Pacific Life offers term life insurance policies in various formats, including level term, renewable term, and convertible term coverage. You can obtain a life insurance quote from Pacific Life online or by calling their customer care number.

Principal Life

Principal Life Insurance is a branch of the huge financial services corporation known as the Principal Financial Group. Level term, renewable term, and convertible term insurance policies are among the term life insurance plans available from Principal. You can get a life insurance quote from Principal online or by calling their customer care number.

AIG

AIG is a multinational insurance corporation that has been in operation since 1904. They are a well-known brand and one of the top life insurance companies in the business. AIG provides term life insurance, permanent life insurance coverage, and other products. For claims processing and customer service, they have an excellent reputation. You can obtain a life insurance quote from AIG online or by calling their customer support phone number.

Nationwide

Nationwide is one of the biggest life insurance providers in the United States. For over 80 years, they’ve been providing dependable service to customers across the country. Nationwide provides a wide range of life insurance plans, including term and permanent ones. You can get a life insurance quote from Nationwide by visiting their website or calling their customer care number (toll-free).

Ethos (Best New Company)

Although Ethos Life Insurance is a relatively young life insurance carrier, it is quickly establishing itself as a leader in the life insurance sector. Ethos provides level, renewable, and convertible term life policies, among other permanent and temporary life insurance options. Unfortunately, Ethos does not offer universal life insurance or cash value accumulating policies. You can obtain life insurance from Ethos online or by calling their customer care number.

The Best Life Insurance Companies For Whole Life Insurance

Many life insurance companies offer whole life insurance policies, but not all of them are created equal. Some of the factors you should consider when shopping for a policy include the overall financial stability of the company, the death benefit payout options, the growth potential, and the available life insurance riders (living benefits).

The following are the best permanent life insurance companies. Shop whole life insurance quotes and compare rates from these insurers.

Transamerica Life Insurance Company

Transamerica offers a variety of whole life insurance policy options. Transamerica is rated A (Excellent) by AM Best Company and has been in business for over 100 years, and is a leader in the industry.

Gerber Life Insurance Company

Gerber Life Insurance offers whole life insurance policies designed to help save for a child’s college tuition and financially protect a family in case of premature death. Gerber Life Insurance is rated A (Excellent) by AM Best Company, has been in business for over 50 years, and has a long history of providing quality coverage.

Nationwide Life Insurance Company

Nationwide offers whole life insurance policies designed to provide coverage for a lifetime with the option to pay for twenty years or up to age 100. Nationwide is rated A+ (Superior) by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage.

Protective Life Insurance Company

Protective life insurance is rated A+ by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage. Protective’s niche is cash value life insurance that includes variable universal life insurance, indexed universal life, and a term life insurance policy (no cash value accumulation). However, they do not offer a whole life insurance policy.

AIG

AIG offers a guaranteed issue whole life insurance policy designed to pay for funeral costs. AIG is rated A by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage.

Brighthouse Financial

Brighthouse Financial is another top company in the industry. They offer conversion whole life insurance policies designed to provide financial protection for your family. Brighthouse is rated A (Excellent) by AM Best Company, has been in business for over 50 years, and has a long history of providing quality coverage.

The Best Life Insurance Companies For Universal Life Insurance

The following are the best permanent life insurance companies. Shop universal life insurance quotes and compare rates from these insurers.

Transamerica Life Insurance Company

One of the top life insurance companies in the industry. They offer a variety of universal life policies, including term, permanent, and indexed universal life insurance. Transamerica is rated A (Excellent) by AM Best Company and has been in business for over 100 years, and is a leader in the industry.

AIG

AIG is another top life insurance carrier in the industry. They offer an adjustable death benefit universal life insurance plan that allows you to increase or decrease your coverage as your needs change. AIG is rated A by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage.

Prudential Financial

Prudential Financial is one of the top life insurance companies in the industry. They offer a variety of universal life insurance policies, including indexed universal life insurance. Prudential is rated A+ (Superior) by AM Best Company, has been in business for over 140 years, and has a long history of providing quality coverage.

Midland National

Midland National is the sister company to North American life insurance and one of Sammons Financial’s insurance companies. They offer a variety of universal life insurance policies, including indexed universal life insurance. Midland National is rated A+ (Superior) by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage.

The Best Life Insurance Companies That Require No Medical Exam

There are many different life insurance companies, and it can be difficult to know which is the best for you. However, if you are looking for a life insurance policy that does not require a medical exam, there are a few companies that stand out.

  • Ethos life insurance offers no exam life insurance policies with A+ rated insurance companies (A.M. Best). You can get a quote from Ethos online or by calling their customer care number. Ethos only offers term life and final expense whole life insurance with no cash value component. They do not offer universal life insurance.
  • Bestow life insurance is an A+ rated insurance company (A.M. Best) that offers a no-exam life insurance policy. You can apply for coverage online in just a few minutes and instantly get a decision. However, Bestow only offers a term life insurance policy. They do not offer a whole life insurance policy or universal life insurance with a cash value component.

Other notable mentions include Sproutt and Haven Life.

The Best Life Insurance Companies For Seniors

Many life insurance companies offer policies specifically for seniors. However, not all of these policies are created equal. Some companies may have higher premiums, while others may have more restrictive eligibility requirements. To find the best life insurance for seniors, it is important to compare the options and choose the policy that best meets your needs.

The following are the best life insurance companies for seniors. Shop senior life insurance quotes and compare rates from these insurers.

Assurity

Since 1890, Assurity has been a stable and robust company. They have always been able to provide benefits to protect you and your family. We also offer service with a human touch. We are committed to giving back to our community and practicing sustainability for the good of our planet.

Transamerica

Since 1906, Transamerica has been a company that encourages innovation. They strive to be at the forefront of new product development to provide you with the best options. Transamerica offers a wide range of life insurance policies, including whole life, term, and universal life policies.

Nationwide

Since 1925, Nationwide has been committed to providing quality protection for our policyholders. We offer a variety of life insurance policies, including each type of permanent life insurance policy: whole life, term, and universal life insurance policies. We are also one of the largest providers of annuities in the United States.

New York Life

New York Life is one of the oldest and most respected life insurance companies. They have been serving policyholders since 1845. They offer a wide range of life insurance policies, including whole life, term, variable, and universal. We also offer a variety of annuities and investment products.

AIG

Since 1919, AIG has been providing quality protection for our policyholders. We offer a wide range of term life insurance plans, universal life insurance, and a guaranteed issue whole life insurance. We are also one of the largest providers of annuities in the United States.

Prudential

Prudential was founded in 1875 to provide quality protection for our policyholders. We offer a wide range of life insurance products, including whole life, term, and universal policies. We are also one of the largest providers of annuities in the United States.

MetLife

MetLife was founded in 1863 to provide quality protection for our policyholders. We offer a wide range of life insurance products, including whole life, term, and universal policies. We are also one of the largest providers of annuities in the United States.

Banner Life

Banner Life is another top company in the industry. They offer a variety of life insurance products, including whole life, term, and universal policies. Banner is rated A by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage. Banner is known for their affordable life insurance policy cost.

Lincoln National Life Insurance Company

Lincoln National Life is another top life insurance carrier in the industry. They offer a variety of permanent life insurance and term life policies. Lincoln National is rated A+ by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage.

North American Company for Life and Health Insurance

North American Company for Life and Health Insurance is another top company in the industry. They offer a variety of life insurance types, including permanent life insurance policies and term life insurance policies. North American is rated A+ by AM Best Company, has been in business for over 100 years, and has a long history of providing quality coverage.

Guardian Life Insurance Company of America

Guardian is another top life insurance provider in the industry. They offer a variety of permanent life insurance policies and term life plans. Guardian is rated A++ by AM Best Company, has been in business for over 150 years, and has a long history of providing quality coverage.

The best life insurance companies for seniors also include:

  • Protective
  • National Western
  • Baltimore Life
  • Ethos
  • Sons of Norway

The Best Life Companies For Young Adults

For young adults wanting to reduce the life insurance policy and only want to leave a death benefit for heirs is:

  • AIG
  • Banner Life
  • Nationwide

For young adults wanting to invest in a life insurance policy with the intent of growing a tax-free retirement and death benefits, the best life insurance company is:

  • North American
  • Midland National
  • Allianz

The Best Life Insurance Companies For Final Expenses

Final expense insurance is a type of life insurance that covers the costs of your funeral and other end-of-life expenses. This can help to ease the financial burden on your loved ones after you pass away. Most policies have no health questions or medical exams, which makes them accessible to people of all ages and health levels.

With final expense insurance, you can have peace of mind knowing that your loved ones will be taken care of financially when you’re gone.

The best burial insurance companies include:

Next Steps

These are just a few of the best life insurance companies to consider for your needs. These companies are rated highly by independent rating organizations and have a long history of providing quality coverage with high financial strength ratings. When purchasing life insurance coverage, comparing quotes from several companies is essential to find the best life insurance policy that meets your needs. Be sure to consult with us, a licensed life insurance agent, to ensure that you get the best policy for your needs at the cheapest premium payments possible.

The Best Life Insurance Companies

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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