Best Life Insurance Companies USA - The best life Insurance companies can help you secure enough coverage to replace your income, settle debts, or cover expenses your family will face like paying for your children's education or caring for aging parents.
#1. Prudential
Why did we choose it?
Prudential was chosen as the best life insurance company overall based on the company history dating back to 1873 the broad selection of policies available and excellent ratings for financial strength.
Overview
Prudential financial dates back to 1873 which bodes well for its reliability. The prudential insurance company of America also boasts a plus rating with am best as well as in double a rating with standard and poor in terms of its financial strength.
Prudential offers term life insurance coverage universal life insurance indexed universal life insurance and variable universal life insurance and you can add riders to your policy that include an accidental death benefit a living needs benefit and a children's protection rider.
Prudential does let you apply for an instant online quote for term life insurance. To learn more about life insurance from prudential have a look at our full review
Pros
- Get an instant quote for term life insurance online
- Excellent ratings for financial strength
- Multiple riders can be added to your policy
Cons
- No online quote for permanent life insurance coverage
#2. State Farm
Why did we choose it?
We chose State Farm as the best company for instant issue policies based on the fact you can apply online and get term life coverage without a medical exam or any hoops to jump through. State farms' excellent ratings and long history also helped it gain a spot in our ranking.
Overview
State Farm is another insurance company with a long and storied history. Founded in 1922 by a retired farmer state farm has grown from humble beginnings to offer a broad range of insurance products today.
At the moment state farm comes in at number 39 on the fortune 500 list of largest companies. This company also boasts an A++ rating for financial strength from AM best which is the highest rating possible when it comes to the life insurance products it offers state farm lets consumers purchase term life insurance coverage whole life insurance and universal life insurance.
State Farm also makes it easy to enter your information and get a free quote online for term life. State Farm extends instant answer term life insurance coverage you can apply for online and these policies can be purchased with no medical exam.
you do have to answer health questions in your application, however. How much does life insurance with state farm cost?. Request a quote online or speak to an agent to find out.
Pros
- State Farm extends some term policies without a medical exam
- Free quotes for term life insurance coverage online
- Excellent ratings for financial strength and customer satisfaction
Cons
- No life insurance is offered in Massachusetts
#3. Transamerica
Why did we choose it?
Transamerica offers very affordable term life insurance coverage and has a long history of financial strength and reliability which helps the company stand out as the best value in life insurance in our review.
Overview
While Transamerica may not be a household name this company has been around since 1904 and boasts solid ratings for financial strength, including a rating with, am best in a plus rating with s p global. Transamerica scored well below average in the JD power 2020 U.S life insurance study though with only 734 points out of 1000 possible.
Transamerica also offers a broad selection of life insurance coverage including term policies, whole life insurance, universal life insurance, index universal life insurance, and final expense life insurance. Transamerica has you speak to an agent to get a quote for most of its life insurance products. However, you can get quotes for term life online its premiums for term coverage tend to be an excellent value
Pros
- Premiums for term life insurance represent a significant value
- Strong ratings for financial strength
Cons
- Must speak with an agent to get a quote for some products
Final Verdict
When looking for a life insurance company that has a strong and stable history, offers a full gamut of insurance options, and gives the added support and resources including articles and calculators including articles and calculators to help you make an educated decision.
Prudential financial checks all these boxes and even makes it convenient by allowing you to quote policies online for up to $250,000. Of all the companies we reviewed prudential can fulfill the life insurance needs of more people when compared side by side to the competition.
Guide to Choosing The Best Life Insurance
Selecting a life insurance policy can be a difficult decision especially if you've never done it. Before you get started it helps to understand not only the different options you have but some basic terms and criteria so you pick the right policy for your circumstances.
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