Navigating the myriad options of term life insurance can often feel like walking through a maze. With many companies vying for your attention, each promising competitive rates and comprehensive coverage, how do you identify the one that perfectly fits your unique needs? The good news is that we’ve taken the guesswork out of the equation. In this comprehensive review, we’ll explore the 12 best term life insurance companies, each with a proven track record of reliability, performance, and customer satisfaction. Let’s dive in!
- 1. Banner Life
- 2. North American Company
- 3. Lincoln Financial
- 4. Protective
- 5. Midland National
- 6. Transamerica
- 7. Prudential
- 8. Pacific Life
- 9. AIG
- 10. Nationwide
- 11. Mutual of Omaha
- 12. SBLI
- Compare Rates From All 12 Companies
- Next Steps
- Need Help Getting Life Insurance Coverage?
- Frequently Asked Questions
- Related Reading
1. Banner Life
Banner Life is often considered a premium choice for term life insurance due to its financial stability, competitive pricing, and wide range of policy options. Their underwriting is considered flexible, potentially benefiting individuals with different health conditions. Their customer service is often highlighted for responsiveness and efficiency, and the electronic application process makes obtaining coverage more convenient. The reputation of Banner Life, backed by strong ratings from financial rating agencies, often instills confidence in customers looking for dependable term life insurance.
You can get a quote from Banner Life online or by calling their customer service number.
2. North American Company
North American is recognized as one of the better companies for term life insurance due to its financial strength, competitive rates, and variety of term options. Its customizable policies allow customers to tailor coverage to individual needs. Known for its streamlined application process and strong customer support, North American maintains a reputation for reliability, backed by high ratings from major financial rating agencies, making it a preferred choice for many seeking term life insurance.
You can get a quote from North American Company online or by calling their customer service number.
3. Lincoln Financial
Lincoln Financial is considered one of the best companies for term life insurance because of its solid financial stability, diverse policy options, and competitive pricing. They offer customizable term lengths and riders to fit individual needs. Known for excellent customer service and a user-friendly application process, Lincoln Financial’s reputation is further bolstered by strong ratings from key financial agencies. Their commitment to meeting customer needs makes them a top choice in the term life insurance market.
You can get a quote from Lincoln Financial online or by calling their customer service number.
4. Protective
Protective is a top choice for term life insurance because of its affordability, flexible policy options, and strong financial stability. They offer a range of term lengths and coverage amounts to suit various needs. Their straightforward application process and responsive customer service add to the appeal. With a reputation for reliability, underlined by high ratings from major financial rating agencies, Protective is a preferred choice for those seeking term life insurance.
You can get a quote from Protective online or by calling their customer service number.
5. Midland National
Midland National excels in term life insurance due to its robust financial strength, competitive rates, and diverse policy options. Their longstanding reputation, bolstered by high ratings from financial agencies, ensures trustworthiness. Their customer-focused approach and flexibility make them a standout choice in the term life insurance arena.
You can get a quote from Midland National online or by calling their customer service number.
6. Transamerica
Transamerica ranks as one of the best term life insurance companies because of its wide variety of term options, competitive pricing, and strong financial standing. The company is known for its innovative underwriting practices that cater to different needs and its commitment to customer service.
You can get a quote from Transamerica online or by calling their customer service number.
7. Prudential
Prudential stands out as a top company for term life insurance due to its century-long reputation, financial strength, and diverse policy offerings. They are known for accommodating clients with varied health histories through flexible underwriting. Competitive pricing and a suite of rider options ensure tailored coverage. Recognized globally and supported by high ratings from financial agencies, Prudential remains a trusted choice for those seeking term life insurance.
You can get a quote from Prudential online or by calling their customer service number.
8. Pacific Life
Pacific Life is esteemed as one of the best term life insurance companies due to its strong financial stability, competitive rates, and comprehensive policy options. Its longstanding reputation, backed by high industry ratings, assures policyholders of its reliability, making it a preferred choice in the term life insurance sector.
You can get a quote from Pacific Life online or by calling their customer service number.
9. AIG
AIG is one of the best term life insurance companies because of its extensive range of policy options, competitive pricing, and strong financial stability. Their flexibility in underwriting caters to various health profiles, enhancing accessibility. Renowned for quality customer service and backed by high ratings from major financial agencies, AIG’s commitment to policyholder needs has solidified its reputation as a leader in the term life insurance market.
You can get a quote from AIG online or by calling their customer service number.
10. Nationwide
Renowned for excellent customer service and backed by strong ratings from key financial agencies, Nationwide commits to customer satisfaction, making it a reliable and preferred choice for term life insurance.
You can get a quote from Nationwide online or by calling their customer service number.
11. Mutual of Omaha
Mutual of Omaha is a top-tier term life insurance company known for its strong financial stability, affordable pricing, and customizable policy options. Their customer-centric approach is reflected in responsive service and flexible underwriting. The company’s longstanding reputation and high ratings from major financial agencies underscore its reliability, making it a favored choice for those seeking term life insurance.
You can get a quote from Mutual of Omaha online or by calling their customer service number.
12. SBLI
SBLI is considered one of the best companies for term life insurance due to its competitive pricing, financial stability, and focus on customer needs. With various term options and a streamlined application process, SBLI offers flexibility to policyholders. High ratings from financial agencies and a strong reputation in the industry since 1907 further solidify SBLI’s position as a preferred choice for term life insurance.
You can get a quote from SBLI online or by calling their customer service number.
Compare Rates From All 12 Companies
Now that you know the 12 best companies for term life insurance, it’s time to compare rates and find the right policy.
You can compare rates from all 12 companies using our free online tool. Just enter some basic information about yourself, and we’ll show you the best rates from each company. Then, apply for a policy in under 10 minutes.
Next Steps
These are just a few of the best companies for term life insurance. There are many other great companies out there that offer term life insurance. Be sure to shop around and compare rates before you purchase a policy. Term life insurance is essential, so choose the right company.
Need Help Getting Life Insurance Coverage?
Feel free to contact us if you need help purchasing a life insurance policy. The service is free of charge.
Frequently Asked Questions
What company is best for term life insurance?
There are many reputable companies for term life insurance. They will be the ones that offer financial stability, competitive rates, customizable policy options, and reliable customer service, as well as high ratings from financial agencies and a strong industry reputation.
What company is the worst for term life insurance?
Be cautious of companies that suffer from weak financial stability, high premiums, limited policy options, and poor customer service. They may also have complicated underwriting processes, hidden fees, low ratings from financial agencies, and a lack of transparency.