Best Life Insurance Companies For February 2024: Reviewed By Agents

Shawn Plummer

CEO, The Annuity Expert

Best Life Insurance Companies By Category

The following list is the best life insurance companies, according to licensed life insurance agents:

  • Best Guaranteed Universal Life Insurance for Seniors: Pacific Life offers top rates. Nationwide features a long-term care Rider.
  • Best Life Insurance for Adults: Banner Life provides the most affordable term rates.
  • Top Life Insurance Companies: Pacific Life & Banner Life are known for competitive term rates and strong financial ratings.
  • Best Life Insurance for Afib Patients: American General is particularly lenient on heart-related conditions.
  • Best Life Insurance for Young Adults: North American caters to a broad age range with competitive rates.
  • Best Life Insurance for Singles: Banner Life features the most affordable term rates.
  • Best Life Insurance for Cancer Patients: Lincoln Financial is generally favorable towards various cancer types.
  • Best Life Insurance for Families: Assurity Life allows the inclusion of all family members in a single policy.
  • Best Life Insurance for Kids: North American offers competitive permanent life insurance policies. Savings Bank Life Insurance (SBLI) will accept kids aged 15 days and older.
  • Best Whole Life Insurance for Children: Assurity Life is renowned for its competitive whole life policies.
  • Best Life Insurance for HIV Patients: Pacific Life is open to considering applicants with HIV.
  • Best Life Insurance for Military Spouses: Prudential is accommodating towards overseas travel.
  • Best life insurance for seniors: North American Company and American Memorial grant eligibility to applicants up to 85. John Hancock’s maximum age is 89.
  • Best life insurance for veterans: Prudential offers advantageous underwriting policies specifically tailored for veterans and active military personnel.
  • Best life insurance with living benefits: Transamerica and North American Companies offer Term and Permanent policies with built-in Riders for Terminal, Chronic, and Critical Illness coverage.
  • Best life insurance for parents: Banner Life provides a Guarantee Issue Child Rider that is accessible on the majority of their term policies.
  • Best life insurance for diabetics: Banner Life and Pacific Life offer advantageous underwriting guidelines for individuals with diabetes.
  • Best for qualifying life events for insurance: Securian Financial and SBLI provide guaranteed purchase options for certain life events, including marriage, divorce, graduation, home purchase, and childbirth.
  • Best life insurance with cash value: North American Company provides an opportunity for high cash value growth alongside guaranteed death benefits.
  • Most affordable life insurance for seniors: North American Company provides affordable coverage with eligibility for applicants up to 85.
  • Cheapest life insurance for seniors over 60: American General provides highly competitive rates tailored for seniors.
  • Best term life insurance for seniors: John Hancock offers term coverage to individuals up to 89 years of age, ensuring comprehensive protection for new applicants.
  • Best life insurance for the elderly: Applicants can apply for coverage with John Hancock until age 89, ensuring that individuals can access insurance options later in life.
The Best Life Insurance Policies

Criteria for Choosing the Best Life Insurance Company

  • Financial Stability: Look for companies with high ratings from independent agencies like A.M. Best or Standard & Poor’s.
  • Policy Options: There is a variety of life insurance products offered, like term life, whole life, or universal life.
  • Premiums: Compare the cost for similar coverage across different companies.
  • Customer Service: Quality of customer support and ease of filing claims.
  • Reviews and Reputation: Customer reviews and company reputation in the market.
The Best Life Insurance Companies

Compare The Best Life Insurance Prices

Compare the best rates for both permanent and term life insurance policies below. Comparisons include life insurance premiums and financial strength ratings.

How We Evaluated the Best Life Insurance: An Independent Perspective Since 2009

Leveraging our extensive experience dating back to 2009, we represent 30 premier life insurance companies as independent life insurance agents. Our evaluations are rooted in comprehensive research, firsthand expertise, and an unwavering commitment to serve your best interests.

Conclusion

Choosing the best life insurance company involves evaluating financial stability, policy options, premiums, customer service, and reputation. Companies like Banner Life, Pacific Life, Nationwide, and North American are notable for their excellence in these areas. Reviewing and comparing these aspects helps ensure you select a provider that best meets your insurance needs. Contact us today for a free quote.

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If you want to buy a life insurance policy, contact us for help. The service is free of charge.

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Frequently Asked Questions

What is the best life insurance to get?

The best life insurance to get depends on an individual’s specific needs and circumstances. Term life insurance, for example, offers affordable coverage for a specific period, while whole life insurance provides lifelong protection with a cash value component. It’s important to consider factors such as budget, coverage amount, and future financial goals when selecting the best life insurance policy.

Who has the best life products with cash value?

Savings Bank Life Insurance Company (SBLI) and The Lafayette Life Insurance Company have some of the best life policies with cash value, which offers both a death benefit and cash value accumulation.

Who is the best company for applicants who are bipolar?

Pacific Life Insurance Company is the best company for underwriting applicants with bipolar depression.

Who is the best company for diabetics?

Banner Life and AIG offer the best products for those with diabetes. Type 1 and Type 2 diabetics can find great coverage and rates with these companies.

Who offers the best life insurance for stroke survivors?

Pacific Life and Banner Life offer the best products for stroke survivors.

Who offers the best life insurance for non-US- citizens?

Bestow life insurance offers the best for non-US citizens, foreign nationals, and immigrants.

What is the best life insurance policy with a long-term care rider?

OneAmerica AssetCare Recurring Whole Life Insurance is the best product with a long-term care rider.

Which life insurance company accepts felons?

Foresters is the best insurance company for felons wanting to apply for a life insurance policy.

Which life insurance company is the best for teachers?

Banner Life and AIG offer the best products for teachers.

Who is the best company for physicians?

Pacific Life and Lincoln National are the two best companies for physicians applying for a policy.

Who offers the best life insurance for obese adults?

Prudential and Banner Life are the best companies for people who are obese.

Which life insurance company is best for pilots?

Pilots should apply for life insurance through AIG and Banner Life.

Who has the best life insurance if I’m HIV positive?

American National and John Hancock are the best companies for HIV-positive applicants.

Who is the best company for federal employees?

Banner Life is an excellent company for federal employees.

Who provides the best life insurance for applicants over age 80?

Life insurance applicants over age 80 should apply for coverage Nationwide.

For low-income applicants, who offers the best life insurance?

Low-income applicants should apply for life insurance products at Banner Life.

Who is the best company for smokers?

Marijuana and tobacco smokers should apply for life insurance with Banner Life or AIG.

Who is the best company for cancer survivors?

We recommend AIG, Pacific Life, and Lincoln Financial as the best companies for cancer survivors.

Which companies are the best for married couples?

Banner Life is our recommendation for married couples because of its affordable prices.

What is the best and cheapest life insurance?

The best and cheapest life insurance is a term insurance policy with an A-rated company.

What does the best life insurance for young adults include?

The best life insurance for young adults often includes term life policies, as they provide coverage for a specific period at an affordable price. These policies offer financial protection for dependents and can help cover debts in the event of untimely death. Young adults need to compare quotes from reputable providers to find the most suitable coverage for their needs.

What is the best term life insurance?

The best term life insurance provides coverage for a specified period, typically 10-30 years, at a fixed premium rate. It offers a death benefit to the policyholder’s beneficiaries if they pass away during the term. This type of insurance is affordable and straightforward, making it a popular choice for those seeking temporary coverage.

What is the best whole life insurance?

Best whole life insurance is a type of permanent life insurance that offers lifelong coverage and a cash value component. It provides financial protection for loved ones and can also be used for estate planning or as an investment tool. The policyholder pays premiums throughout their life, and beneficiaries receive a death benefit when the insured passes away.

Who provides the best life insurance for veterans?

The best life insurance for veterans is often provided by specialized insurance companies that cater specifically to veterans’ unique needs. These policies typically offer competitive rates and comprehensive coverage options, considering veterans’ health history and military service. Veterans need to compare quotes and consider factors such as financial stability and customer reviews when choosing the best life insurance policy.

What is the best life insurance for seniors?

The best life insurance for seniors is typically guaranteed issue or final expense insurance. Guaranteed issue policies don’t require a medical exam and have guaranteed acceptance, but they usually have lower benefit amounts. Final expense policies are designed to cover end-of-life expenses and have higher benefit amounts, but may have a waiting period. Seniors need to evaluate their needs and compare quotes to find the best option for them.

Why get life insurance for my parents?

Life insurance for parents is a financial safety net that protects them in the event of their death. It offers coverage to cover funeral expenses and outstanding debts and provides financial support for the surviving family members. Whether it’s term life or whole life insurance, it offers peace of mind and financial stability during difficult times.

How to select the best life insurance for singles?

The best life insurance for singles is a policy that offers adequate coverage and flexibility. It should provide financial protection to cover outstanding debts, and funeral expenses, and support loved ones in case of an unfortunate event. Additionally, singles should consider policies that can be converted to joint coverage if their relationship status changes in the future.

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

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

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