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18 May 2023, 22:24 GMT+10
When it comes to life insurance partners, hundreds of companies are at your disposal. Life insurance lets you have peace of mind after you pass away, knowing your loved ones are well cared for.
However, choosing one can be overwhelming. That's why we've created this list of the eight life insurance companies as of February 2023 to help you narrow down the list. This list comprises industry giants and smaller, newer companies making waves in insurance.
Whether you're looking for term or permanent insurance, discover the top best life insurance companies to consider. However, before we got to the list, we looked out for these things when making this list.
The first company on this list is State Farm. State Farm is a well-known insurance partner offering its customers permanent, whole, and term life insurance.
Protective life insurance is an insurance company that has been offering services for over 100 years. It provides various policies with flexible options and riders. One of the critical strengths of Protective LifeLife is its diverse product offerings, i.e., Term life, variable universal LifeLife, fixed-rate universal, Whole LifeLife, and Guaranteed universal LifeLife.
Protective Life Insurance is also known for its strong financial rating. It has an A+ excellent financial strength rating from A.M. Best, indicating its strong financial stability and ability to meet its policyholder obligations.
Additionally, Protective offers terms of up to 40 years.
A newer player in the game, Haven Life is a Mass Mutual subsidiary created in 2015. However, the company has quickly gained a reputation thanks to its user-friendly digital platform and affordable term life policies, among other things.
A unique feature of Haven Life is its fully digital application process, allowing customers to complete the entire process online in as little as 25 minutes. This makes it convenient for people who prefer handling business online.
Haven Life offers term life insurance for up to 10,15,20, and 30 years with various coverage ranges. In addition to the user-friendly platform, Havel Life is backed by MassMutual, a high-rated insurance company that's been in business for over 160 years. This gives policyholders extra financial stability.
Haven Life has an A+ rating from the AM Best, indicating strong financial strength.
One of the best companies for customization, Northwestern offers its customers a wide range of riders they can use to customize their life insurance. Similar to other companies, Northwestern offers Whole LifeLife, universal, and Term life insurance:
Mass Mutual is the perfect insurance company for individuals seeking Term or Permanent life insurance without too much hassle.
One of the best companies for people looking for permanent life insurance, New York life offers a range of life insurance products, including universal, term life insurance, whole life insurance, and variable universal life insurance.
Pros of New York Life
Founded in 1926, Nationwide is a leading company in the insurance world, offering a wide range of services. Nationwide offers life insurance, including whole, term, and universal life coverage.
Founded in 1909, Mutual of Omaha has a long history of offering insurance services to individuals and businesses.
Here are some pros of Mutual of Omaha:
Mutual of Omaha is known for its strong customer service and support. The company has received high ratings from A.M. Best.
There are many companies out there that offer life insurance. Whether in the market for term life insurance, whole life insurance, or any other type of coverage, you should consider your options carefully and choose a provider that will meet your needs and budget without too much hassle.
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