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The best life insurance companies in the United States in 2019
Standout life insurance providers and what they offer potential policyholders.
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
Best whole life insurance: Guardian
Best for people ages 60 or older: Mutual of Omaha
Best for customization: Northwestern Mutual
Best reputation: State Farm
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
|Company||BBB rating||A.M. Best rating||JD Power rating|
|Life Legal & General (formerly known as Banner Life)||A+||A+||N/A|
|Mutual of Omaha||A+||A+||792|
|New York Life||A+||A++||791|
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
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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