Insurance companies work on the basis of turnovers and if you are looking for the best life insurance company this year then it will be decided on the basis of last year’s turn over. But the major thing one must believe is the quality of service a company provides, and if you can really trust the company for the future of your family. Getting the best policy is not the only thing, but also catering the best of the services when someone is in need is also important.
If you are going to take a decision for yourself and your family about taking the best of the available life insurance, then first you must decide on the provider you will be looking for. Today we are going to help you take the decision by giving you the Top 12 Life Insurance Companies currently operating in the US. These companies are shortlisted on the basis of product availability, customer ratings, and also in terms of the time they take to finish the claim process.
1. MassMutual
They have been compared with the top of the companies with the majority of the people. They are offering insurance for over 160 years which is a huge deal in terms of reliability. The products they have for ensuring the people are competitive and diverse which makes their portfolio really strong. The company also have backing from the best in class Life Insurers Haven Life. They have been making the people feel safe under their roof and have been offering unparalleled support for a long while. They have also been the best in covering the full retirement plans.
2. Northwestern Mutual Life Insurance Company
Another top-rated life insurance carrier from the last two years. They have not been innovating with the market trends and this leads to the company being the best in class in terms of Mutual Life Insurance Company. The availability of the product is huge but they have a complex Comdex score which might stop someone from getting the term life insurance. Their financial portfolio has been great which makes it have a promising future for its customers.
3. Haven Life Insurance
If you are asking someone for the best life insurance company then it is for sure going to be the Haven Life Insurance. Mostly the policies are sold by agents but this is not the case with them. They offer the best in the class online application that is convenient and at the same time doesn’t require an agent to work for that. This makes it continent for both the company and the customer as the terms and conditions are not hidden and all the things are done by the customer itself. They have a limited portfolio for the policies which falls it back with the other companies.
4. Principal Life Insurance Company
They are again on the rise and have been quoted as in the Top 10 by a majority of the comparing magazines and other brands. We cannot say the company is best in class although they have the best footprint until now than the competing companies. The people can choose any type of products up to 1,000,000 in coverage regardless of any type of insurance which is the downside of their no exam life insurance underwriting. The prices are a bit upwards when compared to others.
5. Banner Life Insurance Company
If you are looking for the best company in life insurance then it is the Banner Life Insurance Company. They are also said to be the slowest of the company for the procedural part. They are known to be offering the best in class and the cheapest life term insurance. They are not offering instant issues which makes it worst in terms of anyone’s demise. Another downside of the company is the brand name which is not that great but most of the people go with them as they are offering life insurance for any particular event in the most affordable price tag.
6. Protective Life Insurance Company
They have been protecting the household and businesses all across the United States for a long time. Now they have even stepped into the sector of the life insurance industry too. As this company has an international presence they offer the best of the ratings in terms of policyholders. They also lack in terms of the demise of any person as the family members don’t get an instant issue and it becomes a major issue for them. Another major con of the company is the unfamiliar brand name which people get with other brands.
7. Prudential Life Insurance Company
They have come to the top 10 list this year. They have been bumping their name in the industry and even the portfolio from quite a few time. The company is successful in a majority of the insurance sector and have been increasing their range. The company is over 140 years old in terms of a financial institution where they get A rating for most of their works. They have the highest of premiums which tops up to 13 billion dollars. It is the best company when it comes to Risk Underwriting and is also great for people who love smoking.
8. MetLife
They are the largest and the top ranking insurance provider in the states. From last 10 years, they are scoring a place in the top 5 insurance providers. They have their name in the industry and that makes it possible for most of the people to trust them. Even the dental and disability insurance products are available under the same roof. They have also been securing the ‘A’ rating across the board.
9. Transamerica Life Insurance Company
Another old life insurer in the game which has their product choice for every type of customer. They have been serving the people for over 110 years and this makes it possible for them to achieve the ’A’ rating for most of the services they offer. They have additional other policies which offer investments and other different types of resources available with their subsidiaries which are providing competitive benefit. The product option available with them is the best and the most affordable one in the range.
10. AIG – American General
Another great company which is also referred to just as AIG and comes with an ‘A’ rating for most of the part. They have the best of presence in the market, while it can get complex for the person to understand their policy. Hence we recommend you to get in touch with a good agent if you are looking forward to their policy. Their product lineup has always been complex although the prices have always been the most competitive one.
11. Genworth
They have been giving others the privilege to insure your life since 1871 earlier they had the name Life Insurance company of Virginia but later it was changed. The company has the best Long Term Care and Mortgage insurance facility available. Do note that if you are getting any life insurance from them try to bargain and get the prices down, this will enable you to get the best deal and this has been the key point of their sales since 1871.
12. New York Life
Although it is last on the list still they have been working quite great in the states. They are in the business for over 170 years, they were offering the best of life insurance policy for a long time, and the first policy was purchased by their own secretary of the company. It has grown really large in the meantime, and they have been securing all your future needs from education to other financial troubles of any particular family after the demise of the main person. They have been the largest and the most secure player in the life insurance market and that makes it always the best choice among the people.
These are the top 12 insurance companies that have been operating in the United States, these companies offer the best in class policies and have been protecting the living of the people after the demise of their main pillar of the house. What do you think is the best company offering the life insurance from the above 12 companies? If you have any other company in mind than do let us know along with the reason why it is the best and better one from the above comparison