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Life insurance stocks

Ready to invest in the insurance industry? Consider these 9 stocks.

The best life insurance stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

Best for Beginners

CIBC Investor's Edge


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Best for Lowest Commissions

Finder Award

Interactive Brokers


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Best for Easy-to-use App

Questrade


  • Questrade charges lower trading fees than many big banks and private brokers.
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  • The Questrade Edge version of the platform has a highly customizable interface and offers advanced trading tools as well as a profit and loss calculator.

Our picks for the best life insurance stocks

We round up a selection of stocks in or related to the insurance industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Aflac Incorporated (AFL)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U. S.

  • Previous close price: $76.47
  • Market capitalization: $45,427,924,992
  • 1 year performance: N/A
  • P/E ratio: 10.2507
Buy AFL stock on Interactive Brokers

2. Lincoln National Corporation (LNC)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.

  • Previous close price: $24.21
  • Market capitalization: $4,071,311,872
  • 1 year performance: -48.15%
Buy LNC stock on Interactive Brokers

3. MetLife (MET)

MetLife, Inc. , a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.

  • Previous close price: $61.69
  • Market capitalization: $47,302,184,960
  • 1 year performance: -6.93%
  • P/E ratio: 146.2791
Buy MET stock on Interactive Brokers

4. Primerica (PRI)

Primerica, Inc. , together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.

  • Previous close price: $155.38
  • Market capitalization: $7,058,220,032
  • 1 year performance: 45.82%
  • P/E ratio: 18.1379
Buy PRI stock on Interactive Brokers

5. Globe Life (GL)

Globe Life Inc. , through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.

  • Previous close price: $91.74
  • Market capitalization: $10,567,654,400
  • 1 year performance: N/A
  • P/E ratio: 15.1427
Buy GL stock on Interactive Brokers

6. Brighthouse Financial (BHF)

Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off.

  • Previous close price: $41.64
  • Market capitalization: $3,142,150,144
  • 1 year performance: -0.67%
Buy BHF stock on Interactive Brokers

7. Atlantic American Corporation (AAME)

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

  • Previous close price: $1.91
  • Market capitalization: $38,766,412
  • 1 year performance: -34.59%
  • P/E ratio: 190.01
Buy AAME stock on Interactive Brokers

8. Independence Holding Company (IHC)

Independence Holding Company, through its subsidiaries, engages in health, pet, and life insurance businesses. The company's dental portfolio includes indemnity and PPO plans for employer groups of two or more lives, and for individuals; vision plans that offer a flat reimbursement amount for exams and materials; and short-term medical products for people with temporary needs for health coverage. It also provides supplemental products, including hospital indemnity, fixed indemnity limited benefit, critical illness, accident medical coverage, and life insurance products; pet insurance; and occupational accident insurance products, such as accidental death, accident disability, and accident medical benefits for occupational injuries to employees of companies.

  • Previous close price: $45.94
  • Market capitalization: $841,467,584
  • 1 year performance: N/A
  • P/E ratio: 7.988
Buy IHC stock on Interactive Brokers

9. CNO Financial Group (CNO)

CNO Financial Group, Inc. , through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.

  • Previous close price: $22.52
  • Market capitalization: $2,659,949,568
  • 1 year performance: 23.57%
  • P/E ratio: 47.08
Buy CNO stock on Interactive Brokers

How to buy life insurance stocks

With an online trading account, you can buy life insurance stocks in a few simple steps:
  1. Compare online trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like AFL or LNC. Research its history to confirm it's a solid investment against your financial goals.
  4. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
  5. Buy the stock. Congratulations, you own a part of a life insurance company. Optimize your portfolio by tracking how your stock — and even the sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Buy life insurance stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

1 - 5 of 5
Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
Finder Rating:
★★★★★
4.3 / 5
Stocks, Bonds, Options, ETFs, Currencies, Futures
min $1.00, max 0.5%
$0
N/A
Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
CIBC Investor's Edge
Finder Rating:
★★★★★
3.8 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95–$6.95
$0 if conditions met, or $100
N/A
An easy-to-use platform with access to a variety of tools to help you trade with confidence.
Questrade
Finder Rating:
★★★★★
4.3 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95 - $9.95
$0
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.
CASHBACK
Qtrade Direct Investing
Finder Rating:
★★★★★
3.7 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get up to $150 cashback. Use promo code OFFER150. Conditions apply. Ends October 31, 2023.
Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.
Finder Award
FREE TRADES
Wealthsimple
Finder Rating:
★★★★★
3.7 / 5
Stocks, ETFs
$0
$0
Get $25 when you open a Wealthsimple account and fund at least $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in life insurance stocks, keep in mind that — like any investment — life insurance stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the insurance industry, so carefully vet your picks before you invest. And if you're new to investing, or if it's been awhile since you've taken a critical look at your investing accounts, compare brokers to make sure you're getting the best features in your trading account.

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