Best Life Insurance Companies for You

Searching for the Best Life Insurance Company can be quite overwhelming; as there are obviously various Life insurance Companies across the world. Each life insurance company provides you with a different Life Insurance quote that might and might not suit your taste or choice.

Best Life Insurance Companies

Besides, there are different factors that must be considered by choosing or shopping for the Best Life Insurance Company. These factors include; weighing Customer service data, Customer experience and reviews, cost of the policy, the insurer’s financial strength.

The earlier mentioned factors and more will help you to evaluate your options while searching for the Best Life Insurance companies.

To make your Life Insurance shopping easier and stress-free, we have compiled a list of some of the Best Life Insurance Companies that provide you with top-notch services at a cheap/affordable rate.

Best Life Insurance Companies

Our ratings are, however, based on elements such as Financial Strength, Cost, Customer Services, and a lot more. Read on to discover which companies made our list of the Best Life Insurance companies today.

1. Haven Life Overview

Overall, Haven Life is the best Life insurance company that has a five-star ranking. The insurance company offers only a term life insurance policy but regardless it still stands out as the best. Haven Life makes use of an online application process without the personal interaction and its online application can be completed within 25 minutes.

Its policy is issued by MassMutual. The aim of this Life insurance company is to provide its customers with affordable, easy to manage online term life insurance policies without hassle or stress.

Available Policy Types;

  • Term life insurance

Pros

Haven Life provides you with an easy and affordable term life insurance policy. Also, you can apply for up to a $1 million term life insurance policy and you don’t need to take any medical exam. And your coverage starts the same day.

Cons

The insurance company only offers a term life. Insurance policy, they do not sell permanent life insurance.

2. Northwestern Mutual Life Insurance Overview

Founded in the year 1867, Northwestern Mutual is amongst the largest sellers of individual life insurance in the U.S based on the recent data from the S&P Global Market Intelligence.

The insurance company has over 160 years of experience in the financial services industry and offers its customers a traditional approach to life insurance. Since its inception, Northwestern Mutual has been able to provide its customer with the best Life insurance policies according to their choice.

Its policy term includes term, Whole, and Universal as well as other wide variety of coverage. Financial advisers are even available to help customers throughout the process.

Available Policy Types;

  • Term life
  • Whole life
  • Universal Life

Pros

Northwestern Mutual has all the experience needed to make your Life insurance policy smooth and easy. They rank high for financial strength, customer satisfaction, and outstanding services.

Cons

However, it is hard to find specific policies due to issues like age range, coverage limit, and available rider for universal and whole life insurance policies via their official website.

3. State Farm Life Insurance Overview

State Farm is another top Life insurance company that offers a wide range of Life insurance coverages as well as other insurance policies such as Auto Insurance. Founded in 1922, State Farm has almost 100 years of experience.

They offer various discounts to customers who purchase multiple insurance policies. Its life insurance policy includes Term, Whole, and Universal Life Insurance. You can simply apply for a quote online and get approved without any medical exam.

Available Policy Types;

  • Termlife
  • Whole life
  • Universal Life insurance

Pros

State Farm has an excellent rating for financial strength and customer service. It universal Life insurance policy is available for applicants from the age of 85 and below. You can get a free quote for term life insurance online.

Cons

The only disadvantage of using state farm is that its life insurance policy is not available in Massachusetts except you apply via an agent.

4. USAA Life Insurance Overview

USAA is popularly known to be a life insurance company and a banking financial institution for the U.S military and Veterans. It was founded in 1922 and ever since its inception, the company has grown to be one of the sellers of Life insurance, Auto insurance, and other wide variety of services.

To purchase or use its auto and home insurance policy as well as its banking products you must be a member. This membership requires you to either be a veteran or a U.S Military. However, USAA life insurance doesn’t require membership and is available to the public.

Its life insurance policies include term, Whole, and Universal Life insurance. USAA term life offers you up to 30 years of coverage and a permanent life insurance product that can last a lifetime. It is possible to get a free quote for both term and permanent coverage online and this shows its transparency.

Available Policy Types;

  • Term life
  • Whole life
  • Universal Life Insurance

Pros

USAA has a high standard ranking and customer satisfaction. Life insurance quotes are available for both military officers and the general public. You can easily get quotes online and they offer permanent life insurance coverage.

Cons

Most coverage is not available in New York or Montana. In addition, USAA’s premium service might be higher than its competitors.

5. New York Life Overview

New York Life insurance has an excellent rating for financial strength and flexible term life insurance which can be changed to a permanent life plan in the nearest future. They have been Operation since 1845 and they offer life insurance policies such as Term life, whole life, Universal Life, and a variable of universal Life.

They also have an array of useful life insurance resources via its website and a chart that enables you to compare its policies and offers.

Available Policy Types;

  • Term Life
  • Whole Life
  • Universal Life
  • Variable Universal Life Insurance

Pros

New York Life as stated has a high ranking for financial strength. They offer four main life insurance policies as Term, Whole, Universal, and Variable universal life insurance policy. They have an average ranking for customer satisfaction.

Cons

It is impossible to get a quote online without entering your information and after which a professional will speak with you to go through your financial plan.

Bottom Line

Purchasing a Life insurance policy is very essential as it can save you from unnecessary or unplanned spending or expenses in times of uncertainty. Shopping for a Life insurance policy is not as expensive as you might think especially if you are using the Best Life Insurance companies.

Don’t forget, before shopping for the Best Life Insurance companies, you need to check out the company’s customer satisfaction score, cost of the policy, policy type, and financial strength. This will enable you to make the right decision when shopping for a Life insurance quote online.

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