Top 10 Best Life Insurance Companies in USA 2022

Best Life Insurance Companies in USA: What are the best life insurance policies in the United States? If you are looking to protect the financial future of your children, you are going to want to choose the best life insurance. Keep reading!

Whether for educational expenses or debts that they will face if you die, here we will show you a list of the best insurers to acquire life policies since these will adapt to your needs.

Best Life Insurance Companies in USA

One of the best news when choosing a life insurer is that their coverage plans do not usually have such a high cost.

According to the Insurance Information Institute, they even assume that life coverage is worth much more than its actual price.

However, this does not mean that you should not take the task of investigating which company you can mean being in the best hands, let’s see below what they are and why:

1. Prudential

In this list, Prudential life insurance remains in the first place.

The Reasons:

  • Its trajectory in the market covering individuals and companies is more than 140 years.
  • You have the ability to add multiple riders to your coverage plan.
  • It has excellent temporary and universal coverage plans.
  • You can customize your coverage plan in many ways.
  • You have the option to quote term life plans online.

As if the above were not enough, this company has excellent ratings by AM Best for being a financially sound company.

2. StateFarm

State Farm has an A++ rating based on AM Best ratings for financial strength but has also been rated the best-rated life insurance company in the US in 2020 by JD Power.

When it comes to choosing a life policy, you can find products from this company such as:

Products they offer:

  • Term life insurance.
  • Whole life insurance.
  • Universal life insurance.

Advantages:

  • Instant Answer Term life policy without submitting a medical exam.
  • You can choose life coverage in terms of 10, 20, or 30 years.
  • With their 20-year or 30-year term coverage plan, if you outlive the term you originally chose, you can receive a refund of your premiums.
  • Whenever you want, you can convert your term coverage plan to permanent coverage without the need for medical or physical exams.
  • You can quote your term life coverage online.
  • Discounts when you buy a combination of life coverage and State Farm car insurance.

3. Transamerica

If you are looking for a company with easily accessible coverage plans and with great experience in the market, then you can think of Transamerica life insurance.

Types of life coverage offered:

  • Temporary life coverage.
  • Whole life coverage.
  • Universal life coverage.
  • Indexed Universal Life Coverage.
  • Life coverage for final expenses.

Advantages:

  • You can quote online, but only applicable for some policies.
  • It has an online tool to choose the life coverage that best suits you.
  • You do not need to submit medical exams to purchase up to $50,000 in your final expense life coverage plan.
  • Coverage for smokers.

4. Northwestern Mutual

Northwestern Mutual is especially noted for its whole-life coverage plans.

Although it is worth mentioning that its products are of great quality, it should be noted that throughout the year 2020, this company paid a total of $6.2 billion among all the benefits granted to each of its policyholders with a health plan. whole life coverage.

Life Coverage options include:

  • Temporary life insurance.
  • Permanent life insurance.
  • Universal life coverage.

Advantages:

  • It pays good sums of money to its whole-life policyholders.
  • Provides a personalized financial advisor so you can acquire better comprehensive life coverage.
  • Company with financial strength.

5. HavenLife

Haven Life is an ideal life insurer for those looking for term coverage.

Products they offer:

  • Haven Term coverage plan.
  • Haven Life Simple coverage plan.

Advantages:

  • You can submit your coverage request online.
  • Purchase the Haven Simple plan without having to take exams.
  • There are no commission charges.
  • He has good marks in customer service.
  • Rated A++

6. BannerLife

If you find yourself looking for coverage plans to protect the financial well-being of your loved ones at a low price, then Banner Life may be what you’ve been looking for.

Products they offer:

  • Term life coverage.
  • Universal life coverage.

Advantages:

  • You can purchase life coverage for rates as low as $7 per month.
  • Allows you to customize plans with accelerated death benefits.
  • Variety in durations of temporary life coverage plans.

7. Main

With Principal Seguros de Vida you can find financial protection for your children for prices of $47 per month.

Products they offer:

  • Term life coverage.
  • Universal life coverage.
  • Survival coverage.

Advantages:

  • Accelerated underwriting policy.
  • Those eligible can purchase their coverage plan without the need for medical examinations.
  • You can easily calculate your policy online.
  • Simple and direct coverage plans.
  • Allows you to convert term coverage plans without submitting medical exams and without charges.
  • Life insurance benefits for death without paying taxes.

8. New York Life

New York Life has been protecting the financial future of the family of its policyholders for more than 175 years.

New York Life life insurance options:

  • Term life coverage.
  • Whole life coverage.
  • Universal life coverage.
  • Variable universal life coverage.

Advantages:

  • You can customize your term life coverage.
  • Good financial reputation.
  • Personalized attention through financial advisors.

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9. Mutual Of Omaha

This company has been in the market for more than 100 years protecting the life and financial future of people from unexpected situations.

Life coverage options include:

  • Temporary life coverage.
  • Full life coverage.
  • Universal life coverage.

Advantages:

  • If you qualify you can acquire your life policy without exams.
  • Protect your children from funeral expenses for only $8.80 per month.
  • They have customer service in English and Spanish.

10. USAA

USAA usually has most of its coverage plans available only to members of the military force, however, its life coverages are open to the public.

Life coverage plans that offer:

  • Term Life Policy.
  • Permanent life policy.

Advantages:

  • Flexible to make changes to your life coverage plan.
  • Benefits for military members.
  • Financial strength for more than 60 years.
  • Protect the financial well-being of those you love for as little as $12 a month.

FAQ About Life Insurance in The United States

How Does Life Insurance Work in The United States?

Life coverage plans serve to financially protect your family in the event of your death, thus allowing you to pay outstanding balances, educational expenses for your children, and funeral expenses.

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