What are the best life insurance companies?
The largest life insurance companies in America offer a broad selection of policies to help you fulfill your financial obligations and provide for your family.
This article explores everything from well-established insurers with extensive policy options for all age ranges, to online insurers where you can sign up without the need for a medical exam.
The Best Life Insurance Companies
We’ve covered the policy types and riders offered by the best life insurance companies, as well as the dividends, and coverage capacity you can expect to receive.
Here’s our list of the 10 best life insurance companies:
10. Mutual of Omaha – Best For Elderly People
Mutual of Omaha is a life insurance company that delivers comparatively affordable rates along with customer ratings that sit well above the average for the industry.
They offer guaranteed whole life insurance policies, which are similar to their standard alternatives but won’t require you to sit a medical exam to complete the application.
This makes them a great choice for older individuals who want to help pay for their funeral costs, and as a result, Mutual of Omaha typically offers coverage amounts of less than £25,000.
When compared to other life insurance companies that offer guaranteed whole life insurance policies, Mutual of Omaha delivers some of the best rates you can find.
You can work with local agents to help set up a policy, and the company has a high AM Best score for financial strength, as well as a high JD Power score.
It’s easy to access your details, with a digital app, an online portal, and a 24/7 phone line to give you instant access to their support.
While the service is limited compared to other life insurance providers, and you can’t gain dividend payouts, Mutual of Omaha is a solid choice for your final expense insurance requirements.
- Excellent selection of riders available
- Can access a live chat
- Offers mutual fund options
- Online quotes available
- Doesn’t offer dividends for policyholders
- Limited options for residents of New York
With some of the best rates available in the industry and guaranteed whole-life policies, Mutual of Omaha is a great option for elderly people looking for whole-life insurance with affordable rates.
9. Guardian – Best For No Medical Exams
Guardian life insurance brings a nice selection of policies to the table, with customers able to choose from term life, whole life, and universal life insurance policies to suit their needs.
You can get up to $3 million coverage without the need for a medical exam, enough to set up your loved ones to invest in one of the most expensive cars in the world available today.
The unique coverage options are complemented with dividends, which you can include as part of your whole life insurance policy.
Established in 1860, Guardian life insurance has earned its reputation as an industry leader, receiving top marks for financial stability ratings from A. M. Best.
You can check the various policy options online through the website’s online calculator for premium quotes, although purchasing life insurance will require an agent.
Account management is also easily done online, and Guardian also has a network of over 3,000 financial advisors throughout the United States.
It’s a comprehensive service that can suit a range of insurance requirements, budgets, and goals, as well as offering relatively inexpensive packages for millennials.
Multiple no-medical-exam policy options are available, and if you’re an HIV-positive applicant, they can accommodate your health condition and find a policy that works for you.