Who are the top insurance providers in the US for life insurance?
Posted on September 05th, 2008 in Life Insurance
Vikas S asked:
I am wanting to get life insurance for myself and want to find out some good references or list of common providers in US.
I am wanting to get life insurance for myself and want to find out some good references or list of common providers in US.
Also, I need guidance of selecting the type of life insurance (what type of policy do most people normally get).
Thanks
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Tags: Insurance, Life Insurance
This post has 3 comments
September 8th, 2008
One of the best ways to narrow down the list of potential insurers is to find out what the best rated companies are. The higher the rating the stronger the company. Standard & Poors is one of the common rating companies and you can search the ratings for your specific state here:
Regarding the type, if you are younger the most common type if a simple term life policy. This is the most affordable type that can protect your family in the event of your death during your working years.
The other common types of insurance are those that build cash value, your whole life and universal life type of policies. These have more expensive premiums, but they also build a cash value unlike term insurance.
The drawback is that the interest and growth of the cash value is quite low for a younger person who has many years left that can earn more money elsewhere. The single premium whole life type options can come in handy in generational or estate planning later in life though.
September 11th, 2008
Here is a list of some top-rated life insurance and some information about term life insurance.
Top Term Life Insurance Companies and their A.M. Best financial strength ratings
New York Life A++ rated
Nationwide A+ rated
Globe Life Insurance Company A+ rated
Allstate A+ rated
Prudential Life Insurance A+ rated
Liberty Mutual A rated
Farmers A rated
State Farm A++ rated
AAA Life Insurance A- rated
Metropolitan (MetLife) A+ rated
Northwestern Mutual A++ rated
AIG A++ rated
Liberty National A+ rated
Mutual of Omaha A rated
Country Insurance A+ rated
MEGA Health and Life A- rated
American Family A+ rated
RBC Insurance A rated
Most consumers choose level term life insurance because it provides you with level rates and level death benefits for up to 30 years. Term life insurance offers the maximum amount of protection at the lowest rates in most cases.
You can compare quotes online through life insurance quotes provider services.
Best of luck to you!
September 11th, 2008
top insurance provider.
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