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This article was fact-checked and reviewed by Andrew Flueckiger, a licensed insurance agent and Certified Insurance Counselor. Content has been updated for 2020.
With more than 850 life insurance companies to choose from, there’s a lot to sift through to pick the right life insurance company for you. Compare reviews from the top US insurers with the key factors to consider, including coverage, policy options, support and more.

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Compare life insurance companies

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Sproutt
18 - 60 years old
$50,000
$10,000,000
5, 10, 15, 20, 25 and 30 years
No
This life insurance broker combines technology and the human touch to match you with a policy tailored to your needs.
Bestow
21 - 54 years old
$50,000
$1,000,000
10 or 20 years
No
Affordable 10- and 20-year term life insurance policies with instant quotes and no medical exams.
Policygenius
18 - 85 years old
$50,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare affordable quotes from 12+ A-rated life insurance companies side-by-side.
Everyday Life
20 - 75 years old
$100,000
$10,000,000
10, 15, 20, 25 or 30 years
No
Build a customized laddering strategy to target specific financial responsibilities and save on term life.
Fabric
25 - 60 years old
$100,000
$5,000,000
10, 15, or 20 years
Depends on policy
Get affordable term life insurance with accelerated underwriting or no-exam coverage up to $1,000,000. Available in all states except CA, NY and MT.
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Help me choose: who are the best life insurance companies?

Who are the largest life insurance companies?

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 insurers wrote $166 billion in direct premiums in 2018.

Along with dominating the life insurance market in the US, these companies are highly rated by AM Best. This means they have the cash reserves to pay out claims — which is important because your beneficiaries hopefully won’t have to file a claim for years or even decades to come.

RankCompanyMarket shareDirect premiums writtenAM Best ratingLife insurance types
1MetLife6.53%$10,877,336,635A+Group life insurance:

  • Term life
  • Universal life
  • Variable universal life
2Northwestern Mutual6.33%$10,550,806,418A++
  • Term life
  • Universal life
  • Whole life
3New York Life5.63%$9,385,843,168A++
  • Term life
  • Whole life
4Prudential5.50%$9,170,882,825A+
  • Term life
  • Universal life
  • Indexed universal life
  • Variable universal life
5Lincoln Financial Group5.30%$8,825,313,514A+
  • Term life
  • Universal life
  • Indexed universal life
  • Variable universal life
6MassMutual4.13%$6,874,972,173A++
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
7Transamerica2.92%$4,867,310,545A+
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
8John Hancock2.80%$4,657,312,330A+
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
9State Farm2.78%$4,636146885A++
  • Term life
  • Whole life
  • Universal life
10Securian Financial
(formerly Minnesota Mutual)
2.66%$4,426,864,482A+
  • Term life
  • Whole life
  • Universal life
11Guardian Life2.43%$4,055,519,169A++
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
12Pacific Life Group2.26%$3,770,583,797A+
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
13Nationwide2.02%$3,365,468,867A++
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
14AIG2.01%$3,346,569,919A
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
15AXA1.86%$3,097,395,418A
  • Term life
  • Whole life
  • Universal life
  • Variable universal life
16Voya Financial1.60%$2,668,108,182N/A
  • Universal life
  • Indexed universal life
  • Variable universal life
17Brighthouse1.52%$2,525,047,001A
  • Term life
  • Universal life
18Protective Life1.86%$3,097,395,418A+
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
19Primerica1.43%$2,376,600,888A+
  • Term life
20Globe Life
(formerly Torchmark Corporation)
1.42%$2,367,071,744A+
  • Term life
  • Children’s whole life
21Sammons
(Midland National & North American Company)
1.40%$2,326,222,148A+
  • Term life
  • Whole life
  • Universal life
  • Indexed universal life
  • Variable universal life
22UNUM Group1.38%$2,295,140,931A
  • Term life
  • Whole life
23Mutual of Omaha1.37%$2,287,294,687A+
  • Term life
  • Whole life
  • Universal life
24Principal Financial1.27%$2,108,396,107A+
  • Term life
  • Universal life
  • Indexed universal life
  • Variable universal life
25Penn Mutual1.14%$1,897,658,081A+
  • Term life
  • Whole life
Protect your loved ones
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How to compare life insurance companies

When you’re researching insurers, it’s important to get the whole picture on what each offers.

Policies offered

Does the company offer the type of life insurance policy you need? This includes types of life insurance, such as whole, term and universal policies. It also includes term lengths, riders, policy features and coverage amounts.

Getting the right policy can save you money now and ensure your family is fully protected later. It’s not easy to switch life insurance like it is to swap car or home insurance.

Payments and cost

Check to see if you have multiple billing options, and how long the application process will take. If you want immediate coverage, you’ll probably have to look for a policy that doesn’t require a medical exam.

When you’re comparing costs, make sure you’re comparing apples to apples. Each policy should be about the same so that you’re getting an estimate of the full premiums, including any riders or add-ons. And watch out for premiums that can go up or down over time.

Customer ratings and financial strength

Checking out J.D. Power rankings and customer reviews can give you a good idea about how easy it is to work with a company. Too many complaints may mean a huge headache when managing your policy — or worse, your beneficiaries may have trouble filing a claim.

Look into each life insurer’s financial strength ratings. The ratings from independent agencies like AM Best can help you determine how likely a company is to pay out claims. A financially strong company with a rating of A or greater has a greater chance of paying out the death benefit to beneficiaries.

Bottom line

The right life insurance policy can protect you and your family’s assets, offer peace of mind and provide financial security if there is a sudden loss of income. To make sure you’re choosing a policy that fits your needs at the right price, you’ll want to compare life insurers and get quotes from your top choices.

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