List of The Top 10 Life Insurance Companies

Life insurance is guaranteed money for the loved ones who are left behind when you die. This money is paid out by the life insurance company that holds the policy. The money from these policies is generally used to pay for funeral expenses and outstanding bills of the deceased. There are numerous life insurance companies to choose from when deciding where to purchase your policy from. Here is a list of the top 10 life insurance companies. These companies are the most popular and have the most amounts of people holding life insurance policies with them.

The Top 10 Life Insurance Companies With Great Reputation

Top Ten Life Insurance Companies That Can Be Trusted

  1. Metlife is the largest life insurance company in both the United States and Mexico. Metlife offers guaranteed acceptance. They also boast no health questions or physical exam, quick benefits pay out and low monthly rates. With Metlife being such a large company, it does not have a personal feel and questions could take a little longer to get answered.  Their policies do contain exclusions or limitations and there could also be a reduction of benefits for keeping them in force.
  2. Prudential Financial is made up of hundreds of subsidiaries and is one of the largest companies in the world. Prudential Financial offers low, competitive rates for both their term and whole life insurance policies. They also offer full online service and the ability to check your account information any time of the day or night. Because they are such a large company you do lose the personal feel, especially since everything can be accomplished online. Their policies will have limitations or exclusions such as a suicide clause whereas if the insured commits suicide, it is at the company’s discretion as to the payout.
  3. Aflac is rapidly becoming a front runner in life insurance. They offer life insurance through their subsidiary, American Family Life Assurance Company.  Aflac offers coverage of up to $250,000 for people between the ages of 18 and 50. They have a matching life insurance spouse rider. Aflac has extended their age coverage to 70 years old with a policy up to $100,000. The downside of Aflac is that it offers the lower policy amount to those over 50 years of age. The price for their policies on people over the age of 50 can be costly.
  4. Northwestern Mutual offers direct life insurance coverage. They offer the highest amount of dividend payouts than any other life insurance company. Northwestern Mutual offers a wide array of policies that are affordable. Their advisors will work directly with you to find the right solution for your needs. They do have exclusions within their policies and they do require a physical examination plus ask specific health questions about the person who is to be insured.
  5. Massachusetts Mutual Life Insurance or MassMutaul, has a global presence. MassMutual offers several different types of life insurance to fit anyone’s needs. They have low cost plans with basic coverage.  MassMutual does require a person to answer health questions and for certain plans, a physical examination is required. Within their policies, there will be certain limitations outlined.
  6. Reinsurance Group of America offers a large range of plans and services. Their advisors and agents are knowledgeable and will find the best plan for your needs. They offer basic plans at an affordable rate. There are exclusions and limits on their plans. Physical examinations and health questions are required prior to approval of a plan.
  7. New York Life Insurance Company offers a variety of insurance plans and is one of the oldest insurance companies still in operation. They also hold the highest rating from rating agencies such as Standard & Poor’s. There website boasts a member’s area where policy holders can view details of their account. Like most insurance companies, they do have certain exclusions to their policies including suicide.
  8. Principal Financial Group offers not just life insurance for individuals; they offer life insurance planning for estates and business. Along with life insurance, they offer several other services. They offered personalized customer service and a website that allows customers to log in and view their plans or ask questions. Principle Financial Group has age limits and exclusions. To learn more about their plans you must contact one of their agents.
  9. Gerber Life Insurance Company offers plans starting with their Grow-up Plan for children. They also offer life insurance for adults even if they did not have a Grow-up Plan. Costs are low and coverage is pretty comprehensive. They do not require a physical exam or ask in-depth health questions. They offer plans starting at $5,000 and go up to $150,000. Gerber Life is not as well known and many people still assume they only offer life insurance for children. They only offer term life insurance.
  10. Lincoln Financial Group boasts a large selection of life insurance options. They have several options to choose from and will work with you to select the best plan for you and your family. Prices a reasonable for basic coverage or a small policy. Prices do become more expensive as the amount of coverage increases and can become pricey.  Lincoln Financial Group does require for higher coverage a physical examination as well as comprehensive health questions.

While the above is a list of the top 10 life insurance companies, there are lots more life insurance companies available. When trying to decide which company to purchase a plan from remember to research the company. There are several reviews posted online and also check with the Better Business Bureau to make certain that the company is legitimate and in good standing.

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