The 9 Best Whole Life Insurance Policies for 2022

Shawn Plummer

CEO, The Annuity Expert

If you are looking for the best whole life insurance policies, you have come to the right place. This guide will list 9 of the best policies available on the market. We will also provide a brief overview of what whole life insurance is and why it might be a good option for you. Then shop and compare whole life insurance quotes to find the best premium rates. So without further ado, let’s get started!

Transamerica Whole Life Insurance

This policy from Transamerica is one of the best whole life insurance policies available today. It offers a death benefit of up to $1,000,000+ and has a cash value component that can be used for things like retirement planning or college tuition. The policy also has a level premium, which means your rates will never go up as long as you keep the policy in force—non-US citizen-friendly.

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Nationwide Whole Life Insurance

This policy from Nationwide is another excellent option for whole life insurance. It offers a death benefit of up to a million dollars and has a cash value component that can be used for things like retirement planning or college tuition. The policy also has a level premium, which means your rates will never go up as long as you keep the policy in force. In addition, applicants can choose to pay the same premiums up to age 100 or for twenty years (20-Pay Life Insurance).

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Gerber Life Whole Life Insurance For Adults

This policy from Gerber Life is an excellent option for adults looking for whole life insurance. It offers a death benefit of up to $300,000 and has a cash value component that can be used for things like retirement planning or college tuition. The policy also has level premiums, which means your rates will never go up as long as you keep the policy in force.

More Details: Gerber Whole Life Insurance For Adults

Protective Whole Life Insurance

This policy from Protective is one of the best whole life insurance policies on the market. It offers a death benefit of up to $1,000,000+ and has a cash value component that can be used for things like estate planning or college tuition. The policy also has level premiums, which means your rates will never go up as long as you keep the policy in force.

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Baltimore Life Whole Life Insurance

This policy from Baltimore Life is another great option for whole life insurance. It offers a death benefit of up to $500,000 and has a cash value component that can be used for things like retirement planning or college tuition. The policy also has a one-time payments option (single-premium life insurance) or level premiums for ten or seven years (depending on age) for their Generation Legacy policy, which means your rates will never go up as long as you keep the policy in force. Baltimore Life also offers an annuity and life insurance hybrid policy that will accept money from a 401(k) or IRA.

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Oxford Whole Life Insurance

This policy from Oxford Life is a great option for whole life insurance. It offers a death benefit of up to $500,000 and has a cash value component that can be used for things like funeral planning or college tuition. The policy also has level premiums, which means your rates will never go up as long as you keep the policy in force. Oxford Life Insurance Company is owned by the U-Haul moving truck company.

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Gerber Life College Savings Plan Insurance

This policy from Gerber Life Insurance is an excellent option for those looking to save for college. It offers a death benefit of up to $150,000 and has a cash value component that can be used for things like retirement planning or college tuition. The policy also has level premiums, which means your rates will never go up as long as you keep the policy in force. Plus, a college savings plan component can help you save for your child’s education.

More Details: Gerber College Savings Plan

Ethos Whole Life Insurance

This policy from Ethos is one of the best whole life insurance policies on the market for Burial Insurance. It offers a death benefit of up to $30,000 and does not require a medical exam to get a policy. The policy also has level premiums, which means your rates will never go up as long as you keep the policy in force.

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Term Life Insurance No Medical Exam
Life Insurance No Exam
No Medical Exam Life Insurance

Transamerica Final Expense Insurance

This policy from Transamerica Life Insurance is an excellent option for those looking for final expense insurance. It offers a death benefit of up to $50,000 and does not require a medical exam to get a policy. The policy also has level premiums, which means your rates will never go up as long as you keep the policy in force. Plus, living benefit riders will help pay for specific emergencies such as terminal illnesses.

More Details: Transamerica Final Expense Insurance

Compare Rates From All 9 Whole Life Insurance Policies

Now that you know more about the best whole life insurance policies on the market, it’s time to compare rates. Use our free quote tool to compare rates from all of the top insurers in your area. You can find out how much you could save by getting multiple quotes. Contact us today for a free consultation, and we would be happy to help you get started.

The Best Whole Life Insurance Policy

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Frequently Asked Questions

Who offers the best whole life insurance with no medical exam?

Because of their higher maximum coverage levels and “A” (Excellent) rating with A.M. Best, Savings Bank Life Insurance (SBLI) offers the best whole life insurance without a medical exam.

Who offers the best whole life insurance rates?

Because of their affordable rates and “A” (Excellent) rating with A.M. Best, Savings Bank Life Insurance (SBLI) offers the best whole life insurance rates.

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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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