The best life insurance companies

Determining the best life insurance company includes comparing client service, financial capacity, and rate. So, most of the life insurance companies go for business, offering almost the same products, so it’s smart to look for life insurance quotes from different companies.

First of all,  A.M. calculations show that Northwestern Mutual is the best life insurance company among the 20 big companies they’re scored. Also, others are valuable of consideration, and various on their Top 20 list scored within a fraction of a point of one another.

The best life insurance companies (A.M. Best financial strength rating)
1. Northwestern Mutual A++
2. Pacific Life A+
3. Guardian Life A++
4. MassMutual A++
5. State Farm Life A++
6. Ameriprise (Riversource) A+
7. Penn Mutual A+
8. Nationwide A+
9. Principal Financial A+
10. New York Life A++
11. Lincoln Financial A+
12. Minnesota Life (Securian) A+
13. John Hancock A+
14. AXA Equitable A
15. Brighthouse Financial (formerly MetLife) A
16. Prudential A+
17. Voya A
18. Midland National (Sammons) A+
19. Primerica A+
20. Protective A+

How to decide the best life insurance company for you

Look at client satisfaction scores

Other clients’ experience can help you to choose either you want to do business with an insurance company.  Also, you can get keys to a company’s credit through:

  • First of all, look at scores A.M. The independent rating firm publishes client satisfaction scores about the most significant life insurers companies each year.
  • In Addition, claims filed against the insurance company with state regulators.

Consider financial capacity

Financial strength is especially necessary for life insurance companies because you’ll want a company that can pay claims many years down the road.  So, financial strength ratings are available through rating agencies such as A.M. Best and Standard & Poors.  In the end, they don’t recommend considering insurers with an A.M. Best rating of B or lower.

Get rates

The cost of coverage varies among companies. So, getting quotes from at least a few insurance companies is smart.

Evaluate product selection

Although many companies offer similar policies, some focus more on specific products, such as whole life insurance, or on satisfied clients, such as seniors. So, knowing the type of life insurance, you need to help you narrow the choices. Also, you can learn more about the product offerings of life insurance companies listed by clicking on the insurance companies sites.