Life Insurance Companies in the United States... The search for life insurance can be hectic. However, there is one thing that life insurance consumers get excited about buying life insurance that takes a huge burden off you.
The Best Life Insurance Companies in the United States
The moment you pay your first premium with a good life insurance policy, you can rest assured that your loved ones will stay safe no matter what. Life insurance is a vital part of preparing for an unpredictable future.
However, selecting the right life insurance company is not always easy. America is home to many of the leading life insurance providers.
Some of these life insurance companies are dubious – they will take any excuse to diminish or deny your claim and leave your loved ones with nothing. Other life insurance companies distribute products as advertised: You pay a premium today to ensure your loved ones are safe no matter what.
Why Get Life Insurance?
Life insurance is meant to help ease the financial burden that falls on families after the death of a loved one.
A life insurance policy can help you cover unforeseen expenses, such as hospital bills, funeral expenses, and outstanding debts, and provide them with additional income for future expenses such as the cost of tuition for growing children.
Life insurance can provide families with a measure of comfort in the face of uncertainty and pain by allowing them to plan for the future and meet their loved ones' final obligations.
How does life insurance work?
Life insurance is a means of financial protection that pays a sum of money after the death of an insured.
A person who purchases life insurance establishes a contract with an insurance company that promises to disburse a predetermined death benefit amount to the insured's beneficiaries in exchange for a fixed premium.
Life insurance companies base premiums on the amount of the benefit, as well as a risk assessment that takes into account the insured's age, medical history, and lifestyle choices.
Insurers will also stipulate exclusions or conditions under which they will not be responsible for approving a death benefit, such as in the case of suicide or fraud.
Today, I want to help you choose the best life insurance company for your unique needs. Read on to find out which of the life insurance companies you can trust to protect your loved ones if something goes wrong.
Below are the top ten insurance companies in the United States that make payments.
1. Securian Financial (Minnesota Life Insurance Company)
This company, or Minnesota Life, is currently renamed after its parent company: Securian Financial. Today, Securian Financial continues to offer the same popular life insurance products after 140 years of doing business under the Minnesota Life name.
The company offers a wide range of insurance, investment and retirement solutions to safeguard your financial future and the financial futures of your loved ones.
The company's term life insurance protects customers for a fixed period of time, i.e. 10 to 20 years. Securian's permanent life insurance policies temporarily protect you for life and store cash value over time.
Securian offers two main types of permanent life insurance, including whole life insurance that offers guaranteed protection for your entire life and a growth in fixed cash value, and universal life insurance that comes with some flexibility to change premiums and death benefit.
2. John Hancock Life Insurance
This is one of the most popular insurance and financial services providers in America. Today, John Hancock Life Insurance's goal is to offer competitively priced policies that cover your family's well-being and assets.
John Hancock has something called "the John Hancock Vitality program," which allows you to reduce the cost of your coverage by earning points for healthy daily activities.
If you eat right, exercise, meditate, and practice good sleep habits, for example, you'll earn vitality points for your John Hancock life insurance policy.
The cheapest premiums are rewarded to healthy customers by all insurance companies. John Hancock, however, is one of the few life insurance companies that actually offers an official program that rewards people for healthy living.
3. Haven Life
This company emphasizes simple life insurance at a competitive price. You can get up to $2 million in term coverage at a cheap rate. Today, Haven Life runs under its own brand and has its own website in HavenLife.com.
However, the company's policies are given by Massachusetts Mutual Life Insurance Company (MassMutual). However, better life insurance quotes can also be found when applying for a policy through Haven Life than if it were verified directly with MassMutual.
4. AXA Equitable Life Insurance Company
This is a popular American life insurance company. The company offers four general types of life insurance, including term life insurance, whole life insurance, universal life insurance and variable life insurance.
In addition, AXA Equitable offers retirement planning, brokerage and advisory account services, and mutual funds, among other services. AXA is a multinational insurance company based in Paris, France, founded in 1816, making it one of the oldest companies on the list.
In addition, the company offers financial planning, investment management and general insurance throughout Western Europe, North America, the Asia Pacific region and the Middle East.
5. Life Insurance Banner
The Banner Life Insurance Company is a Maryland-based insurance company established in 1949. Currently, the company's parent company is Legal & General America. You'll often see Legal & General America and Banner Life Insurance Company advertising similar life insurance quotes online.
Legal & General Group dates its history back to London in 1836. As the world's sixth largest insurance company in terms of assets under management, Legal & General America has operations in Europe, Asia and North America.
Banner Life Insurance is the company's primary U.S. life insurance division and currently exists in forty-nine states and the District of Columbia.
6. USAA Life Insurance
This company is one of the best insurance companies in America. The only "catch" with USAA is that the service is only offered to military personnel and their families.
If you are on active duty or retired military, or a member of your immediate family (such as a parent) is a member of USAA, then you may qualify for USAA products and services.
USAA's life insurance policies include term life, term life for the military, whole life, and universal life policies. The price range starts at $14 each month for term life policies, which are affordable because they only cover a set amount of time (e.g. 10 or 20 years).
In addition, USAA offers unique life insurance products for members of the military. You may qualify for special life insurance services when you travel abroad as a member of the military.
7. AIG
AIG is a major international insurance company offering life insurance throughout the United States. If you are between the ages of 50 and 85, then you can purchase guaranteed life insurance coverage through AIG.
AIG assures that your life insurance application will never be rejected for health reasons. Coverage ranges from $5,000 to $25,000, with life insurance policies for as little as $20 per month.
Accidental life, universal life, quality of life, variable variable life, and accidental death and dismemberment insurance policies are available for purchase. Today, American International Group (AIG) is headquartered in New York City, although the company was founded in Shanghai, China, in 1919.
8. Prudential
Prudential is another major U.S. insurance company that offers a variety of life insurance products. The company makes it easy to get an online quote today.
In fact, some people will qualify for Prudential life insurance without needing a medical checkup. You may be able to finalize the life insurance application process completely online.
Prudential's life insurance premiums increase annually until age 95, but will never exceed the maximum set forth in the contract. Prudential policies are granted by a company called Pruco Life Insurance Company under brand names such as SimplyTerm and MyTerm.
9. Northwestern Mutual
This is a Milwaukee-based financial services company founded in 1857. In addition to life insurance, Northwestern Mutual offers financial planning, wealth management, retirement planning and more.
During its early history, the company focused primarily on life insurance. Today, Northwestern Mutual has become one of the largest financial services companies in the United States.
They continue to offer competitive life insurance prices to personal, commercial and real estate markets across the country.
10. Guardian Life
The Guardian Life insurance company of America is a New York City-based company founded in 1860. The company's subsidiaries include Berkshire Life Insurance Company of America and many others. Guardian Life offers a range of diverse life insurance policies to meet all needs and budgets.
They also provide an online term life insurance quote calculator that makes it easy to know how much life insurance you need.
After reading the article above, you may want to ask:
When should I get life insurance?
Many people buy life insurance once they have dependents, such as a spouse and children, or during life-changing events, such as pregnancy or a serious illness. In the event of your death, life insurance covers funeral expenses and financial offers for your family.
Depending on the type of policy you select, it can be financially beneficial to purchase life insurance at a young age when premiums are low.
Take a step today before it's too late to avoid regrets.