Best Life Insurance Companies

July 27, 2015 - Nobody likes to think about their own mortality and when you have decades to go before you can even think about retirement, let alone preparing for the end of you life, it can seem like a pointless worry, but taking steps to ensure the financial stability of your family now and in the future is something that is better done now than later. We never know what tomorrow may bring. If your life were to end right now, what would it mean for your family? Would they be able to continue paying bills or would they face the prospect of losing their home? Would your spouse and your children be able to continue with the lifestyle they have been accustomed to? Will there be enough cash to take care of your funeral services?

Planning for the day your are gone is something you don't want to put off until it is too late. Every day you wait to purchase life insurance you risk higher rates, a lower payout, and the chance that you could be gone with no policy in place.

Experts suggest that you have at least enough life insurance to cover your existing debt, but many people choose to go beyond this to ensure the financial stability of their families. To help you get started with securing a life insurance policy for yourself or your loved ones, below is a list of the top 10 best life insurance companies providing coverage to consumers in the United States.
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The Top Ten

I totally agree that Primerica delivers it's promise paying a fair claim if one should arise, help family with their overall teachings, and provide financial services that's available. One may need to pay close attention to what one is purchasing. Our experience is different. I love the company and do have 2 policies actually with the company, one policy happens to be a 20 yr term and the other a 30 yr term. My 20 yr term is a 20 yr guaranteed level premium, meaning that I will pay the same monthly payments for 20 yrs. That is awesome right, especially with a A+ Company, who wants to complain about that, not me especially. Let's take a look at my 30 yr Term Policy. The 30 yr Policy is called a 30 yr level term life insurance policy, but did you see. It's missing the word "GUARANTEED". The policy only guarantees the premium for their policy for 20 yrs, meaning that the monthly payments that you are paying now will only be guaranteed to stay the same for 20 yrs. After that, the company "Primerica" can change the rate according to their guaranteed chart assuming their mortality has change drastically. Heads up for many who plan to keep their 25,30, 35 yr term policies. Although Primerica claims that they have never change any rates for more than 30 yrs, it's irrelevant that the company will not in the future. Some of Primerica's term policies are not guaranteed for the entire term as described. Please read your policies or ask your representatives. Do not worry if you have a 20 yr term or lower if it's from Primerica. IT'S GUARANTEED.
I have personally seen how Primerica delivers even when it technically did not have to. A dear friend of mine developed a chronic condition years after signing on to a Primerica policy. Of course that policy stayed in force. However, he neglected to renew before the end of term and missed some months. Primerica decided to stand by him and renew his policy for a reasonable rate for an additional 10 years even though they had no obligation to do so at all. They looked at a client who had stayed with them for years and decided to return the loyalty. It was not about money, it was the right thing to do for a loyal customer. Other companies would either have denied him or forced a very high risk rate on him. The twist to this story is that recently he passed suddenly. Primerica paid the entire claim within two weeks. I know how much that meant to his surviving family. I am emotional now thinking about it and how grateful I know he would be. I can not say enough about this humane and totally different company. As for my family and I we are clients for life!
Primerica comes with no hidden agenda. My family was educated on how life insurance really works. We were not just sold another life policy like the one we had before. Claims are paid the fastest in the industry and you have constant contact with your life insurance rep. Not some person in a customers call center who will tell you they will have your rep give you a call. With Primerica I learned how to TRUELY protect my estate where the other company would have left my estate in Probate court and my family would have lost most everything. Thank you Primerica!
[Newest]The best I have ever seen and am happy to have as my carrier
More comments about Primerica

2New York Life
I had 2 policies with this company. A $10k whole life purchased in 1969 and another whole life for $5k added in 1971. This company has been horrible to me! I was a single mother and took out some loans from both policies. When I was injured at work in 1983 the disability insurance took effect and my premiums stopped. I was unable to repay the loans but for many yrs my yearly dividends were used to pay my interest AND send me a check. Then one day I received a letter from NYL informing me that if I didn't pay them several hundred dollars that my policies would be foreclosed. Policies I had had for 20 years. 'Suddenly" dividends were down and interest rates were up. I could not pay it all and they foreclosed the smaller policy. It also seemed asif they had added the smaller loan to the bigger policy. I felt cheated and will always feel they are crooks.
Quick policy loans turnaround. Not to mention it's knowledgeable staffs and agents to help you better understand your policy. Most definitely a company you keep. It's been around for a long time, and for sure it will most definitely be around when it's time to pass. I know that New York Life will definitely take care of it's promise to my beneficiaries when I pass.
Best company, does the right thing, unlike most insurance companies, great value in the policies, pays claims the quickest, best in financial strength, most reliable when most needed.
[Newest]I know because I work with Max New York Life in India..

His only company to provide need base solution to the customer's

Definitely not the most competitive rates if one is looking for the cheapest term life insurance companies, but you'll be surprised how wonderful a company it can be if one is to have some kind of impaired risk. This is a wonderful company to work with if you may have some kind of health issues that is under control.
Competitive rates, Excellent products, quick claims
Best One Ever I Have. Very Good Product. Not the cheapest, but It's life you talking about.
[Newest]Prudential is customer base company compare to other company prudential has charge low price and their claims settlement ratio also more then 95%...

I am still waiting for Met Life to pay on my husband's death ( going on 6 months now)!
Out of the all the policies we had, Met Life - through his employer- is the only one that has drug it out claiming they didn't have the correct paperwork. They didn't say that for the years we paid the premiums. Then I call to find out anything they always say they don't have any one working in that department with the name that the last person with whom I had spoken had given me. It is way past ridiculous!
They have a snoopy doggie witch is why it is coo


The rates are great for the rating if the company
[Newest]When we need money then we get money...

State Farm
5State Farm
Very Poor company to deal with. Paid supplemental health insurance for 6 years. Changed the rate mid year without sending a separate notice. We pay bills by banks electronic payments. Raised bill by less ten dollars. Received first cancellation notice three months after the fact would not let me send the $30.00 to fix the problem. This company sucks.
I have to say that State Farm agents are the most professional insurance representatives that I've ever dealt with. They are so knowledgeable on auto, home, life insurance even with retirement. I gotta say that it is a peace of mind to be able to count on just one person to handle your insurance and financial needs. They will come to your house if you preffer and will educate you like no other agent would. They also like to meet with you every year to make sure your policies are up to date and to you give you a little refresh.
Best educators in the business! Made my policy easy to understand and offered payment plan. Helped resolve all insurance and retirement needs too!
[Newest]Great Company!
Visit State Farm Website

ING my term plan is very good plan with reasonable price and good claim ratio.
ING has the best life insurance products available in the industry. I recommend them highly.

7Northwestern Mutual
If you are a person that likes to dig deep and look at the financials of a company, then it will be very clear after a few minutes of research that this is the best run company in the industry. It's really not even close. They have substantial dividend payouts and extremely favorable mortality and expense. It's the actuaries company, and if any of them buy from a different carrier they need to have a job review. Expense is one thing, but this company has decades of conservative underwriting on its target of upper middle class individuals. That can't be duplicated. Even if they hang on to those premium dollars for just a couple extra years of interest... It's a beautiful thing.
Carries the highest financial strength rating of any insurance company in the country by all four rating agencies. The company is owned by its policy owners. This leads to the company focusing on taking care of it's clients instead of outside shareholders.
More dividends than the second, third, and fourth companies combined
[Newest]First company to declare that they would pay death benefits to beneficiaries of 9/11 victims regardless of the fact that it was an act of war exempting them from that obligation. In addition, every single benefit was paid within the first week of what happened. Best company for many many reasons to work with.

8Lincoln Benefit Life (Allstate)
We chose Allstate because of the strong financial history and friends who had received a life insurance payout due to a relative dying within a couple weeks. Also liked we had access to a local agent who answered questions since there are several products to choose from. With so much on the line we didn't feel comfortable purchasing online without having the ability to state our understanding and have that reaffirmed by a live person.
An Allstate Agent is the best advisor when it comes to protecting your family. They'll protect your family as well as they protect their own.
This company gives attention to your clients and all assistance to I can sleep very well
[Newest]Great company... Great Agents... Great selection of products!

Number one broker dealer out of over 8,000 in the U.S. They only offer the best A-rated products from the best companies, that are best suited for the client. They are a non-captive broker dealer which allows for the freedom of choice rather than "shoehorning" you into products that may not be the best for you and your family. I trust my family and financial future to professionals who are honest, have integrity, and have a heart for helping people.
Best ever! Number 1 hands down
Simply stated, it provides all around services and served all my needs and more
[Newest]Best in the world.

10MassMutual Financial Group
I loved how quickly they were able to pay my mothers death benefit, it was a very difficult time for my family, we were scratching pennies together to take care of her bills and provide a decent funeral for her. Then my sister was going through her paperwork and found a whole life policy from MassMutual in her drawer. We provided the death certificate and with in 2 days we received a very sizable check and now all we had to worry about was the loss of mom. Thanks MassMutual!
It's mutual company owed by its own policy holders. Great product lines - from basic protection products to complicated investment options. Great leadership.
Mutual companies are always the best companies to purchase your life insurance policy from. If the company is a stock company such as Primerica, the stock market dictates their ability to pay.

The Contenders

Higher than expected dividends has made simple whole life policies perform extremely well.
Best mutual company who put their policy holders needs first and never project fake numbers like other top companies
Policy owners are in a win win situation...
[Newest]I work for Guardian, I think it's great

12Allianz Insurance
Best insurance company

13Liberty Direct

14American Family Insurance

We Vote Generali because it's ARMS (Automatic Risk Management System)

16Farmers Insurance Group
When my dad died, he had a farmers life insurance policy. They were easy to deal with and there was no problems with the pay out. I have a farmers insurance policy also, it gives me peace of mind knowing there are no problems with them paying out in case of my passing.

17Colonial Penn
My Mother passed leaving 2 policies and I the beneficiary. They were small claims but I received the funds within a month of her demise. It was well needed. Well handled. Courteous and compassionate. Thank You Colonial Penn

18Globe Life Insurance
I have Globe life and fortunately, I have not had to file a death claim for benefits. But I strongly suggest all policy holders to read their policy because they have a age attached.
Took over 4 months to get my late husbands insurance money. thanks a lot Globe Life, not!
For adults or children. Good service, straight player.

19Mutual of Omaha
My mother a policies from Mutual of Omaha, when she passed away the check was in my mailbox 2 days after. They took care of getting the death certificate and everything else. I was on the phone with them for around 3 minutes total. Really helped with final expenses. Mutual of Omaha was great. Glob Life and Mass mutual on the other hand left a lot to be desired.

20Life Insurance Corporation Of India
It is the best, fantastic, trustworthy, reliable, excellent, very very strong, superb Life Insurance Company in the world. I would like to say that we can take life insurance policy from this company without any doubt. Almost all the policies from this company has excellent returns. And some special policies have guaranteed returns also. Means there is guaranteed returns at the time of maturity. So conclusion is we can trust on this company any time.

Yes this is a very good insurance company known for its reliability and excellent service, claim settlement
Life Insurance Corporation has the BIGGEST POLICYHOLDER base in the world. It is number ONE on number of policy basis.

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This list was created 4 years, 309 days ago and has been voted on over 1,000 times. This top ten list has been remixed 4 times.

Updated Monday, July 27, 2015

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