The top 5 best life insurance companies for 2019 | finder.com

The best life insurance companies in the United States in 2019

Standout life insurance providers and what they offer potential policyholders.

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Explore our top picks for life insurance across five categories that include term insurance, whole insurance and insurance for applicants ages 60 or older. Read our methodology.

Best life insurance providers

Best term life insurance: TIAA

TIAA (hero image only)
TIAA is among the highest-rated insurance companies in the US, its financial strength earning a superior rating from A.M. Best and a very strong rating from Standard and Poor’s. It’s among the Ethisphere Institute’s 2017 list of the World’s Most Ethical Companies. TIAA offers nationwide term, whole and universal life insurance with the following perks:

Best whole life insurance: Guardian

Guardian
This nationwide provider boasts that it’s one of the largest mutual life insurers in the US, announcing record earnings and capital in 2017. Those earnings have allowed Guardian to pay dividends to its eligible policyholders annually since 1868. Its cash-building whole life insurance is backed by solid industry ratings, and riders allow you to extend protection for chronic illness or disability. Other highlights include:

Best for people ages 60 or older: Mutual of Omaha

Mutual of Omaha
Mutual of Omaha offers a suite of insurance products that include term life policies of 10 to 30 years and guaranteed cash-building permanent life insurance. New policies are available for ages up to 74 years and terms last to age 80. Additional benefits include:

Best for customization: Northwestern Mutual

Northwestern Mutual
When it comes to customizing your policy, Northwestern Mutual offers a range of riders for highly flexible and versatile coverage. Fortune magazine’s includes the insurer in its January 2019 list of the World’s Most Admired Companies, which ranks corporate reputation. Here are the standout features:

Best reputation: State Farm

State Farm
State Farm stands as one of the largest insurance providers in the US, supported by more than 19,000 nationwide agents and powerful financial-strength ratings. Policies build cash value, and you may be eligible for one of its multiple discounts. Additional perks include:

Must read: How we picked our best providers

Our writers and editors are committed to objectivity that empowers our readers to make a decision that’s free of bias.

When analyzing life insurance providers, we weigh the insurer’s reputation in the industry, product selection, policy customization and underwriting standards.

To determine industry reputation, our editorial team reviews the company’s financial strength, ratings and accreditations and customer reviews.

We base product selection, policy customization and underwriting standards on an in-depth analysis of the insurer’s services and guidelines available on the provider’s website.

Explore more of the best life insurance companies

CompanyBBB ratingA.M. Best ratingJD Power rating
AIGA+A741
AllstateA+A+N/A
AXA EquitableA+A755
BestowA+A+N/A
BrighthouseAA752
Fidelity LifeA+A-N/A
Globe LifeA+A+N/A
Guardian LifeA+A++776
Haven LifeA+A++N/A
Health IQA+A++N/A
John HancockA+A+759
Life Legal & General (formerly known as Banner Life)A+A+N/A
Liberty MutualAAN/A
Liberty NationalA+A+N/A
Lincoln FinancialA+A+788
Mass MutualA+A++781
MetlifeNRA+793
Mutual of OmahaA+A+792
NationwideA+A++810
New York LifeA+A++791
Northwestern MutualA+A++812
Pacific LifeA-A+783
PrimericaA+A+743
Principal FinancialA+A+773
Protective LifeA+A+791
PrudentialBA+784
SBLIA+A+N/A
State FarmAA++825
TIAAA-A++N/A
TransamericaA-A+751
USAAB-A++N/A

How to compare life insurance providers on your own

Finding a policy that works for your situation requires identifying your personal must-haves in advance so you can advocate for yourself while shopping around. Ask yourself:

  • What’s the coverage range? Different providers offer different ranges of coverage. While some policies start at $50,000, others may top out at this same figure. Determine how much coverage you’re interested in and make sure the provider you select can account for your needs.
  • Should I opt for term or permanent insurance? Term life is often more affordable than permanent life but only lasts for a set period of time. It also lacks many of the perks of permanent insurance, such as built in cash value and dividend eligibility.
  • Am I required to take a medical exam? Your provider may ask you to fill out a medical questionnaire or undergo a medical exam during the application process. If you’re concerned about a pre-existing condition, you can find coverage that doesn’t require an exam, but this type of coverage is often more expensive.
  • When are my premiums due? Many policy premiums are paid monthly, but you may be able to opt for annual or semiannual payments to pare down your payment schedule. Some providers offer a discount for paying on an annual or semiannual basis.
  • What policy riders are available? Policy riders can be added to your policy to customize and augment your coverage depending on your personal needs. Ask your provider what riders are available and what the cost is to have a rider added to your policy.

Find a policy today

Name Product Issue Ages Coverage Range Medical Exam Required
Lifefy
Lifefy
18 - 60 (or 55 for smokers)
$50,000 to $350,000
No
Offers quick, affordable and completely paperless solutions. Coverage up to $350,000
18 - 85 years old
$10,000 to $10,000,000+
Depends on provider and policy
Compare quotes from 16 life insurance companies side by side.
18 - 64 years old
$100,000 to $3,000,000
No
Customized term life insurance policies up to $3 million, no medical exam required.
20 to 60 years old
$100,000 to $8,000,000
No
Term life insurance with no policy fees and the freedom to cancel anytime. Simple application process that can get you approved for coverage instantly.
21 - 54 years old
$50,000 to $1,000,000
No
Affordable 2-, 10- and 20-year term life insurance policies. Instant quotes and no medical exams.
25 - 60 years old
$100,000 to $5,000,000
No
Offers term life insurance with accelerated underwriting. No-exam coverage up to $1,000,000 for those who qualify.
20 - 85 years old
$100,000 to $1,000,000
Depends on policy
Get a term or whole life insurance quote from Fidelity Life - starting as low as $15/day.

Compare up to 4 providers

Bottom line

Choosing a life insurance policy may feel overwhelming, but there are plenty of standout providers with unique benefits to offer.

Whether you’re drawn to top notch customer feedback, rider add-ons or policy guarantees for more peace of mind, review your life insurance options with multiple providers before you apply.

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