Nobody likes to think about their own mortality and when you have decades to go before you can even think about retirement, let alone preparing for the end of you life, it can seem like a pointless worry, but taking steps to ensure the financial stability of your family now and in the future is something that is better done now than later. We never know what tomorrow may bring. If your life were to end right now, what would it mean for your family? Would they be able to continue paying bills or would they face the prospect of losing their home? Would your spouse and your children be able to continue with the lifestyle they have been accustomed to? Will there be enough cash to take care of your funeral services?
Planning for the day your are gone is something you don’t want to put off until it is too late. Every day you wait to purchase life insurance you risk higher rates, a lower payout, and the chance that you could be gone with no policy in place.
Experts suggest that you have at least enough life insurance to cover your existing debt, but many people choose to go beyond this to ensure the financial stability of their families. To help you get started with securing a life insurance policy for yourself or your loved ones, below is a list of the top 10 best life insurance companies providing coverage to consumers in the United States
I totally agree that Primerica delivers it’s promise paying a fair claim if one should arise, help family with their overall teachings, and provide financial services that’s available. One may need to pay close attention to what one is purchasing. Our experience is different. I love the company and do have 2 policies actually with the company, one policy happens to be a 20 yr term and the other a 30 yr term. My 20 yr term is a 20 yr guaranteed level premium, meaning that I will pay the same monthly payments for 20 yrs. That is awesome right, especially with a A+ Company, who wants to complain about that, not me especially. Let’s take a look at my 30 yr Term Policy. The 30 yr Policy is called a 30 yr level term life insurance policy, but did you see. It’s missing the word “GUARANTEED”. The policy only guarantees the premium for their policy for 20 yrs, meaning that the monthly payments that you are paying now will only be guaranteed to stay the same for 20 yrs. After that,
I have personally seen how Primerica delivers even when it technically did not have to. A dear friend of mine developed a chronic condition years after signing on to a Primerica policy. Of course that policy stayed in force. However, he neglected to renew before the end of term and missed some months. Primerica decided to stand by him and renew his policy for a reasonable rate for an additional 10 years even though they had no obligation to do so at all. They looked at a client who had stayed with them for years and decided to return the loyalty. It was not about money, it was the right thing to do for a loyal customer. Other companies would either have denied him or forced a very high risk rate on him. The twist to this story is that recently he passed suddenly. Primerica paid the entire claim within two weeks. I know how much that meant to his surviving family. I am emotional now thinking about it and how grateful I know he would be. I can not say enough about this humane and
Primerica comes with no hidden agenda. My family was educated on how life insurance really works. We were not just sold another life policy like the one we had before. Claims are paid the fastest in the industry and you have constant contact with your life insurance rep. Not some person in a customers call center who will tell you they will have your rep give you a call. With Primerica I learned how to TRUELY protect my estate where the other company would have left my estate in Probate court and my family would have lost most everything. Thank you Primerica!M+148
Primerica Delivers 100% of the time. I wouldn’t own any other life insurance if someone else paid the premiums for me. I have heard too many amazing stories about the company going above and beyond to help families.Mnew
I had 2 policies with this company. A $10k whole life purchased in 1969 and another whole life for $5k added in 1971. This company has been horrible to me! I was a single mother and took out some loans from both policies. When I was injured at work in 1983 the disability insurance took effect and my premiums stopped. I was unable to repay the loans but for many yrs my yearly dividends were used to pay my interest AND send me a check. Then one day I received a letter from NYL informing me that if I didn’t pay them several hundred dollars that my policies would be foreclosed. Policies I had had for 20 years. ‘Suddenly” dividends were down and interest rates were up. I could not pay it all and they foreclosed the smaller policy. It also seemed asif they had added the smaller loan to the bigger policy. I felt cheated and will always feel they are crooks.M+15
Quick policy loans turnaround. Not to mention it’s knowledgeable staffs and agents to help you better understand your policy. Most definitely a company you keep. It’s been around for a long time, and for sure it will most definitely be around when it’s time to pass. I know that New York Life will definitely take care of it’s promise to my beneficiaries when I pass.M+11
One of the best companies that really believe customer always right. One of my friends had a policy on her mom, and he received the death benefit in full and short after her mom death, however her mom passed away out side US and they gave the check in 4 weeks! Amazing!M+1
I know because I work with Max New York Life in India..
His only company to provide need base solution to the customer’s
Definitely not the most competitive rates if one is looking for the cheapest term life insurance companies, but you’ll be surprised how wonderful a company it can be if one is to have some kind of impaired risk. This is a wonderful company to work with if you may have some kind of health issues that is under control.M+6
Competitive rates, Excellent products, quick claimsM+12
Best One Ever I Have. Very Good Product. Not the cheapest, but It’s life you talking about.M+3
Prudential is customer base company compare to other company prudential has charge low price and their claims settlement ratio also more then 95%
I am still waiting for Met Life to pay on my husband’s death ( going on 6 months now)!
Out of the all the policies we had, Met Life – through his employer- is the only one that has drug it out claiming they didn’t have the correct paperwork. They didn’t say that for the years we paid the premiums. Then I call to find out anything they always say they don’t have any one working in that department with the name that the last person with whom I had spoken had given me. It is way past ridiculous!M+5
They have a snoopy doggie witch is why it is coo – NorrisofchuckM+9
The rates are great for the rating if the companyM+8
When we need money then we get money
I have to say that State Farm agents are the most professional insurance representatives that I’ve ever dealt with. They are so knowledgeable on auto, home, life insurance even with retirement. I gotta say that it is a peace of mind to be able to count on just one person to handle your insurance and financial needs. They will come to your house if you preffer and will educate you like no other agent would. They also like to meet with you every year to make sure your policies are up to date and to you give you a little refresh.M+5
I have everything with State Farm. My autos, home, life, retirement, and even my mortgage loan. I live in Lomita and my agent is George Rice which is located in harbor city, CA. George is great, a young guy that’s very knowledgeable, friendly, along with his staff. I have 2 permanent policies for my kids because of the growth it will have, that they may use later on down in life, and a joint universal life for my wife and I. I have to say I was extremely shocked on how competitive along with the many advantages state farm had to offer compared to the other major life insurance companies I shopped. I did a lot of shopping and I am glad I went with George at state farm. Go with best, go with state farm.M-1
Been dealing with the same guy for over 40 years and have never had any reason to consider switching. I consider him a friend who just happens to handle my insurance business. His office has grown because he is so good at his job but I know if I want to talk to him and only him I can do it any time I need to.M+3
ING my term plan is very good plan with reasonable price and good claim ratio.M+7
ING has the best life insurance products available in the industry. I recommend them highly.M-3
If you are a person that likes to dig deep and look at the financials of a company, then it will be very clear after a few minutes of research that this is the best run company in the industry. It’s really not even close. They have substantial dividend payouts and extremely favorable mortality and expense. It’s the actuaries company, and if any of them buy from a different carrier they need to have a job review. Expense is one thing, but this company has decades of conservative underwriting on its target of upper middle class individuals. That can’t be duplicated. Even if they hang on to those premium dollars for just a couple extra years of interest
I did my research on northwestern before I did anything with them and it is true the company runs more efficiently than the other guys. For me personally I wanted to work with a guy who is professional but still acts like a normal person and DID NOT want to get sold on something I don’t trust. Everyone I’ve met at northwestern (3 advisors) actually listens and care. These guys rock, I meet with my guy in west Michigan every year and he makes it comforting for me and my wife.M
Carries the highest financial strength rating of any insurance company in the country by all four rating agencies. The company is owned by its policy owners. This leads to the company focusing on taking care of it’s clients instead of outside shareholders.M+2
First company to declare that they would pay death benefits to beneficiaries of 9/11 victims regardless of the fact that it was an act of war exempting them from that obligation. In addition, every single benefit was paid within the first week of what happened. Best company for many many reasons to work with.
Lincoln Benefit Life (Allstate)
We chose Allstate because of the strong financial history and friends who had received a life insurance payout due to a relative dying within a couple weeks. Also liked we had access to a local agent who answered questions since there are several products to choose from. With so much on the line we didn’t feel comfortable purchasing online without having the ability to state our understanding and have that reaffirmed by a live person.M-2
An Allstate Agent is the best advisor when it comes to protecting your family. They’ll protect your family as well as they protect their own.M+4
When you purchase life insurance with allstate you actually meet with a financial advisor. This is much different than buying life insurance over the phone. I always deal with local Agencies, especially for something as seriouse as life insurance. I think it is obviouse the reviewer that posted negative feedback is not even reffering to Allstate life insurance, but rather had a negative claim experience on her home or car, and now is making irrelevant comparisons.M+3
MassMutual Financial Group
I loved how quickly they were able to pay my mothers death benefit, it was a very difficult time for my family, we were scratching pennies together to take care of her bills and provide a decent funeral for her. Then my sister was going through her paperwork and found a whole life policy from MassMutual in her drawer. We provided the death certificate and with in 2 days we received a very sizable check and now all we had to worry about was the loss of mom. Thanks MassMutual!M-5
It’s mutual company owed by its own policy holders. Great product lines – from basic protection products to complicated investment options. Great leadership.M+5
When I shopped for life insurance. Mass Mutual won hands down. Talked to Northwestern Mutual, New York Life. Mass Mutual pays higher dividends and have better cash value than anything else. I’ve been with Mass Mutual a long time and I’m never leaving them until they pay my death claim.M
Low premium, high dividend rate, MM is the bestMnew