Today we share you about the top 10 life insurance companies in the United state.
Top 10 best life insurance carriers in the United States as of May 1, 2015.
1. American General (AIG)
A.M. Best Rating: A
American General Life insurance can be the right choice for many simply because they seem to be the “Jack of all trades” in the insurance industry. The Company’s underwriting is flexible, their pricing falls right in the upper area of the industry average, and they have exceptional customer service. Top 10 best life insurance in the United States
2. American National Insurance Company (ANICO)
A.M. Best Rating: A
American National Insurance Company is another highly rated insurance company with great customer service that we really like to offer to clients who are looking for traditional term or whole life insurance coverage with or without having to take a medical exam. Top 10 best life insurance in the United States
3. Banner Life
A.M. Best rating: A+
What would a top 10 list of the best life insurance companies in the United States be without Banner? Banner Life is one of our favorite carriers to write with not only because of their A+ rating but also because of their exceptional service and price. Banner will typically be one of the lowest priced insurance product available to our clients. And what is nice about them is that they’re underwriting is typically quite liberal when it comes to qualifying for their Preferred and Preferred Plus rate classes. Top 10 best life insurance in the United States
4. Foresters Life Insurance
A.M. Best Rating: A
Probably the hardest thing about writing a life insurance policy with Foresters Life Insurance company is the work that it takes to familiarize an applicant with who they are. Because the truth is, Forrester’s life insurance company is a really great insurance carrier that is willing to offer traditional term and whole life insurance coverage for even some of the most difficult cases. Top 10 best life insurance in the United States
5. Genworth
A.M. Best Rating: A
With over $100 billon in assets and a global presence in over 25 countries it not hard to see when Genworth made our list as one of the top 10 life insurance companies in the US. That combined with their liberal take on ones “waist band” makes them one of the first companies that we look at here at TermLife2Go for some of our “LARGER BUILD” clients. But let’s back that up with a few numbers. Top 10 best life insurance in the United States
6. MetLife
A.M. Best Rating: A+
Because MetLife is such a great company, it’s one of those few companies that really does need to be “ruled out” before we look anywhere else simply because who doesn’t love “Snoopy”?! But seriously, MetLife is a great insurance company known for their financial strength and great customer service and when competitive in price they’re usually a great fit. Top 10 best life insurance in the United States
7. North American Company For Life and Health Insurance
A.M. Best Rating: A+
Don’t let the name fool you, just because the name North American Company for Life and Health Insurance doesn’t roll off your tongue doesn’t mean you shouldn’t at least check them out before you decide who you want to apply for life insurance with. As a privately owned insurance carrier, North American Company for Life and Health Insurance has consistently demonstrated that through sound investments in secure and stable assets, it can maintain the highest A.M. Best rating in financial strength and stability. Top 10 best life insurance in the United States
8. Protective Life Insurance Company
A.M. Best Rating: A+
Just like Banner Life above, no top 10 list of the best life insurance companies in the United States is complete if it does not include Protective Life. You just gotta love a company whose motto is: “Do the Right Thing, Serve People, Build Trust and Simplify Everything.” And they’ve been doing it that way since 1907. Now throw in fact that they are nearly always the most affordable term life insurance provider in the industry today and it can sometimes be difficult to think of a situation when they shouldn’t at least be considered right from the start. Top 10 best life insurance in the United States
Often people will ask what life insurance companies pay out. The answer would be that all life insurance companies in our list pay out. However, Protective is one of the better companies. According to the Company’s website, the average processing time for a life insurance payout was 5.4 business days. That is a great job by a great company that puts the needs of the client, and his or her beneficiary, first. Top 10 best life insurance in the United States
9. Prudential (Pruco)
A.M. Best Rating: A+
Prudential, Pruco, or, “the Rock”, is just one of those companies that everyone’s heard of, everyone knows, and everyone feels comfortable working with. Because after all, they are a great company! We particularly like Prudential because, even though they are very well known, they seem to have made the financial decision to simply dominate certain “niches” within the insurance industry. Prudential Life Insurance has done this not only by assuming the lowest pricing in certain areas but also by separating themselves from the herd by adopting some unique underwriting guidelines when it comes to:
Travel locales
Tobacco Use
Cancer Survivors
DUI’s
Diabetes.
Actual age instead of nearest age.
Which is why given certain circumstances, Prudential Life Insurance is hands down the best company to choose. Top 10 best life insurance in the United States
10. SBLI
A.M. Best Rating: A+
The self proclaimed “No Nonsense Life Insurance Company”, SBLI, in our experience, is just that. You get what you get! Known throughout the industry as being one of the more customer centric life insurance carriers out there, SBLI seems to have used its smaller size to allow it to not only provide great customer service but also to be a price leader in many categories, particularly for those willing to pay on an annual basis. Top 10 best life insurance in the United States
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