Best life insurance companies

Best Life Insurance Companies List You Must Check Before Buying

Life insurance policies can be understood as a deal between two parties; one is an individual signing up for the insurance while the other party is the firm; which is bound to provide the customer with death benefits when the insured person deceases. One of the traits that a good life insurance company holds is that it can help an individual obtain sufficient coverage. Sufficient coverage can replace the insured’s income, repay debts, or cover expenditures that the insured’s family may have to encounter, such as paying for children’s school or caring for aged parents, amongst others. This list consists of the best life insurance companies out there with a lot of in-depth analysis of the firms in the country, and here’s what we have concluded:

  • State Farm is the best instant issue.
  • North-western Mutual is the best whole life insurance company.
  • Prudence is the best life insurance firm Overall
  • New York Life has the best term policies.
  • USAA is the best firm providing life insurance for military
  • Transamerica is the best value
  • One may trust Mutual Omaha for options without medical exams.

Best Life Insurance Companies List


This Financial firm was founded in the year 1873, and to date is known for its dependability. Its ratings depict the financial strength of the company. This firm has received A+ and AA ratings from AM Best and Standard & Poor’s, respectively. The company provides as follows:

  • Term life insurance
  • Indexed universal life insurance
  • Variable universal life insurance
  • Universal life insurance

There’s a provision to add riders to one’s policy like an accidental death benefit, a living needs benefit, and a children’s protection rider. Prudential doesn’t offer customers an immediate online quotation for term life insurance.

Primerica Life Insurance Review

State Farm

The firm was found in 1922 and at present provides a wide range of insurance policies. State Farm is now ranked 39th on the Fortune 500 list of the world’s largest corporations. The firm also has received excellent ratings from AM Best for its financial strength. In addition to this, the business too has received the highest rating in the JD Power 2020 US. Customers at States Farm get an option to purchase the following: 

  • Term life insurance
  • Universal life insurance.
  • Whole life insurance

The process at the firm is straightforward to follow; all you need to do is submit your information and obtain a free term life insurance quotation online. Option for instant answer term life insurance is also available, and one may apply for it online itself; at the same time, people can acquire these plans with no medical exam.


Tansamerica has been in the market since the year 1904 and has excellent ratings for financial strength from AM Best and S&P Global. However, its ratings by JD Power 2020 US Life Insurance Study is below average. There is a variety of coverage provided by the firm, some of which includes:

  • Term policies
  • Whole life insurance
  • Universal life insurance
  • Index universal life insurance
  • Final expense life insurance.

If you want to get insured by the firm, the procedure starts with contacting an agent to get a quote. Nonetheless, there’s an exception for term life insurance, which you can get online. The premium charged by the firm is considered an excellent value.

Northwestern Mutual

This company was found in 1857 and had excellent ratings showing its commitment to offering quality products and services. The company has received an A++ and AA+ ratings from both AM Best and S&P Global respectively. It also has earned high marks for customer satisfaction in the JD Power 2020 US Life Insurance StudyThe firm offers term life insurance coverage, whole life insurance coverage, and universal life insurance coverage. In case one needs a quote, they’ll have to go through the entire financial review process. The financial advisors at the firm help you with comprehensive financial planning and help in making one whole life insurance a part of their overall financial picture.

New York Life

Found in 1845, and stands as one of the most reliable firms in the market. The company has received excellent ratings from both AM Best and Standard & Poor’s. At the same time, it has taken up the 6th spot in the JD Power 2020 US Life Insurance Study. The coverage provided by the firm are as follows:

  • Term life insurance
  • Whole life
  • Universal life
  • Variable universal life.

Charts provided on the site helps customers compare it with other rivals of its. The firm offers the conversion of term life insurance into permanent. One can also add variously customizable to make your coverage wholesome. The application to the firm isn’t online; one needs to fill a form post which an official contacts the person.

Mutual of Omaha

The firm was found in 1909. And is known for providing: long-term care insurance, annuities, investments, and more. The firm received A+ ratings for its financial strength from AM Best and S&P Global. The firm has secured fifth rank by the JD Power 2020 US Life Insurance Study. The firm provides term life insurance, whole life, universal life, children’s whole life insurance, and accidental death insurance. One can either apply online or speak to an agent in the region to get a free quote or apply for policies. Individuals are offered no medical exam terms and whole life insurance options. However, only a few qualify for the same.  

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This firm was founded in 1922 and provided insurance and banking choices for US military members and veterans. The firm’s life insurance area is performing well, with excellent ratings. The firm has received A++ and AA+ ratings from AM Best and Standard & Poor’s, respectively. The term life insurance’s coverage period goes up to 30 years, while the options for permanent life insurance last for a lifetime. The firm also provides an opportunity to get a free quote for both terms and permanent coverage online, making the prices affordable. Option for a premium too is available. However, the membership isn’t available to the public but the ones associated with the military.


No matter what firm you end up choosing, make sure that the company providing you with life insurance holds with itself not just strong but a stable history. Along with that, it should offer the insured various insurance options and additional resources and support. 

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