A comprehensive list of top life insurance companies in the US

When you’re looking to protect your family, you’ve got a choice of brands and providers.

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Life insurance is just one way to protect your loved ones, easing their financial burdens when you’re no longer around to provide for them. But today’s insurance industry includes more than 850 providers that specialize in life and annuities. With so much riding on your decision, it’s a lot to sift through.

We regularly review many of the top US insurers — their history, services, support and what you can expect as a policyholder — to empower you when shopping for a life insurance policy that fits your family’s needs.

60+ life insurance providers

Largest life insurance companies in the US

These are the biggest players in the life insurance game, according to the most recent market share report from the National Association of Insurance Commissioners (NAIC). Together, these providers wrote $166,577,249, 584 in direct premiums in 2018.

Along with dominating the life insurance market in the US, these companies are highly rated by A.M. Best. This means they have the cash reserves to pay out claims – which is important because your beneficiaries might not file a claim for years or even decades to come.

Company, market share and direct premiums writtenA.M Best ratingLife insurance products
1. MetLife
6.53%
$10,877,336,635
A+ (Superior)
  • Group life insurance offered through workplaces: term life, universal life and variable universal life
2. Northwestern Mutual
6.33%
$10,550,806,418
A++ (Superior)
  • Term life
  • Universal life
  • Whole life
3. New York Life
5.63%
$9,385,843,168
A++ (Superior)
  • Term life
  • Whole life
4. Prudential
5.50%
$9,170,882,825
A+ (Superior)
  • Term life
  • Universal life
  • Indexed universal life
  • Variable universal life
5. Lincoln Financial Group
5.30%
$8,825,313,514
A+ (Superior)
  • Term life
  • Universal life
  • Indexed universal life
  • Variable universal life
6. MassMutual
4.13%
$6,874,972,173
A++ (Superior)
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
7. Transamerica (Aegon USA Group)
2.92%
$4,867,310,545
A+ (Superior)
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
8. John Hancock Group
2.80%
$4,657,312,330
A+ (Superior)
  • Term life
  • Whole life (guaranteed-issue)
  • Universal life
  • Indexed universal life
  • Variable universal life
9. State Farm
2.78%
$4,636146885
A++ (Superior)
  • Term life
  • Whole life
  • Universal life
10. Securian Financial (formerly known as Minnesota Mutual)
2.66%
$4,426,864,482
A+ (Superior)
  • Term life
  • Whole life
  • Universal life
11. Guardian Life
2.43%
$4,055,519,169
A++ (Superior)
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
12. Pacific Life Group
2.26%
$3,770,583,797
A+ (Superior)
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
13. Nationwide
2.02%
$3,365,468,867
A++ (Superior)
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
14. American International Group (AIG)
2.01%
$3,346,569,919
A (Excellent)
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
15. AXA
1.86%
$3,097,395,418
A (Excellent)
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
16. Voya Financial
1.60%
$2,668,108,182
N/A
  • Universal life
  • Indexed universal life
  • Variable universal life
17. Brighthouse
1.52%
$2,525,047,001
A (Excellent)
  • Term life
  • Universal life
18. Protective Life
1.86%
$3,097,395,418
A+ (Superior)
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
19. Primerica
1.43%
$2,376,600,888
A+ (Superior)
  • Term life
20. Globe Life (formerly known as Torchmark Corporation)
1.42%
$2,367,071,744
A+ (Superior)
  • Term life
  • Children’s whole life
21. Sammons (Midland National Life Insurance Co. & North Amrican Co. for Life and Health Insurance)
1.40%
$2,326,222,148
A+ (Superior) Midland National:
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life

North American:

  • Term life
  • Universal life
  • Indexed universal life
22. UNUM Group
1.38%
$2,295,140,931
A (Excellent)
  • Group life insurance offered through workplaces: term life, whole life
23. Mutual of Omaha
1.37%
$2,287,294,687
A+ (Superior)
  • Term life
  • Whole life
  • Universal life
24. Principal Financial
1.27%
$2,108,396,107
A+ (Superior)
  • Term life
  • Universal life
  • Indexed universal life
  • Variable universal life
25. Penn Mutual
1.14%
$1,897,658,081
A+ (Superior)
  • Term life
  • Whole life
Protect your loved ones
Affordable 2-, 10- and 20-year term life insurance policies. Instant quotes and no medical exams.

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How to compare life insurance providers

When you’re researching life insurance providers, ask these questions:

  • What types of life insurance do you offer?
  • How much coverage can I buy?
  • What term lengths can I choose from?
  • Do your term policies have age restrictions?
  • Are your rates competitive?
  • What are the key policy features?
  • Can I add riders to my policy?
  • Can I adjust my premium or coverage amount?
  • What are my payment options?
  • Does my policy have the potential to earn dividends?
  • Can I buy coverage without taking a medical exam?
  • Can I purchase a policy today?
  • Can I combine my policy with other insurance products (like disability or critical illness insurance)?
  • Do your policies exclude certain occupations or hobbies?
  • What’s the average turnaround time for applications?
  • How would my beneficiaries file a claim?
  • What kind of customer service can I expect?

Compare life insurance companies

Name Product Issue Ages Coverage Range Medical Exam Required State Availability
18 - 85 years old
$10,000 to $10,000,000+
Depends on provider and policy
All 50 states
Compare affordable quotes from 12+ A-rated life insurance companies side-by-side.
21 - 54 years old
$50,000 to $1,000,000
No
Not available in Alaska or New York
Affordable 2-, 10- and 20-year term life insurance policies. Instant quotes and no medical exams.
20 - 60 years old
$100,000 to $8,000,000
No
Not available in New York
Term life insurance with no policy fees and the freedom to cancel anytime. Simple application process that can get you approved for coverage instantly.
18 - 64 years old
$100,000 to $3,000,000
No
All 50 states
Customized term life insurance policies up to $3 million, no medical exam for certain applicants.
Sproutt
Sproutt
18 - 100 years old
$50,000 to $3,000,000
No
Available in all 50 states
This life insurance broker combines technology and the human touch to match you with a policy tailored to your needs.

Compare up to 4 providers

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