Best Life Insurance Companies

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Life Insurance

Life insurance is a great way to protect your family or leave a legacy. It can cover funeral expenses, medical expenses, or long-term expenses like mortgage payments while your estate is being settled. But the way to get life insurance can be different. We’ve reviewed options for young, healthy people looking for quick coverage online, and for people over 50 or in poor health who need to work with an agent to get coverage. they want.

Best Life Insurance Companies of 2023

Best Overall: Nationwide

Runner-Up, Best Overall: MassMutual

Best Term Life Insurance: Protective

Tied for Cheapest Term: Banner

Best User Experience: Haven Life

Most Universal Life Options: Lincoln Financial

Best for Policy Customization: Transamerica

Best Life Insurance Living Benefits: Mutual of Omaha

Best Whole Life Insurance: New York Life

Best for Military: USAA

Best Educational Resources: Prudential

Best for Financial Stability: Northwestern Mutual

Best for Customer Satisfaction: State Farm Life Insurance

Best Dividend-Paying Whole Life Insurance: Penn Mutual

Final Verdict

When choosing a life insurance company, you will be hard-pressed to go wrong with any of the companies on this list. But if you’re not sure what type of font you want, start with Nationwide. It simplifies the process with an online application, a variety of policies, and up to $5 million in health insurance for qualified applicants.

Most of the companies on this list have received at least an A+ (Excellent) rating from AM Best for financial strength. But if the best will do, MassMutual, Guardian, USAA, New York Life, State Farm, and Northwest all have A++ (Superior) AM ratings. Many are also strong options for shared payment plans.

If you need term life insurance, Protection or Standard is the best option. And for a comprehensive policy with no benefits, consider Mutual of Omaha, Nationwide, or USAA (if you’re in the military).

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