Life Insurance Companies

Which life insurance company is the best fit for you? Learn about all of the best life insurance companies in the marketplace. 

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Top Life Insurance Companies

When it comes to buying life insurance, you want to make sure your policy will be around when it’s most needed. Peace of mind comes from buying your policy from a top life insurance company. You’re probably wondering:

  • Who are the top life insurance companies? 
  • Who is the cheapest life insurance company?
  • Who rates life insurance companies?
  • What companies have the best life insurance?  

These are just a couple of the questions we receive when it comes to buying life insurance policies. Did you know there are over 100 life insurance companies in the marketplace wanting your business? Which one is right for you and who will give you the best deal?  We put together a “best” list of life insurance companies to help you find out.

The 27 Top Life Insurance Companies

Click on any of the 27 Top Life Insurance Companies below for more details. Companies are ranked in alphabetical order.

Find the Top Life Insurance Companies for

American General Life Insurance Company

aig best life insurance company

AIG Financial Strength

  • A.M. Best: A
  • S&P: A+
  • Moody’s: A2
  • Fitch:  A+

AIG Company Facts

  • Founded: 1919
  • Located: New York, New York

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Indexed Universal Life Insurance

AIG Notes

  • Unique term lengths from:
  • 10, 15, 16, 17,18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 & 35 years.
  • AIG provides term coverage with living benefit rider.
  • AIG is the only life insurance company to provide a 35 year term
  • AIG offers a return of premium option for their permanent policy

AIG Underwriting Niches

  • AIG can go up to $1 Million of coverage for a non-working spouse.
  • Their “Better Choice Preferred” program is beneficial. Many mild impairments like asthma, anxiety/depression, elevated liver function tests, epilepsy and treated sleep apnea can get “Preferred” rates when other companies approve Standard.
  • Great for travel. You can possibly travel up to 8 weeks to most locations in the world and still get Preferred Plus.
  • Diabetes. Range of Standard Plus – Table B
  • Multiple Sclerosis and Crohns Disease.
  • Scuba divers can get Preferred Plus if they dive less than 100 feet.
  • Cigar Smoking – Up to 1 cigar per week and you can be eligible for Non-Smoker rates with a negative nicotine urine test.

AIG Company History

American General Life Insurance, or AIG, was one of of our countries fist life insurance companies that provided a variety of policy types to consimers. In 1925, the Texas Commission of Appeals provided a ruling that a life insurance company had underwriting rights for both property and casualty insurance – not just one or the other. A year passed and Gus Wortham requested financial backing from his father and a few respected businessmen. This business venture eventually became American General.

AIG Select-a-Term Life Insurance

Issue Ages:
20-80

Term Lengths:
Customizable terms between 10-35 years

Coverage Amounts:
$100,000 – $5 Million +

Can I convert to a Permanent product?
YES
Does this require a Medical Exam?
YES
Is there a No Medical Exam option?
YES

Product Information

  • No Exam Option: Policies up to $99,000 may qualify for No Medical Exam.
  • Level premium – The cost of the life insurance policy will be fixed for the entire term of the contract / policy. It will not increase or decrease during the term.
  • Value – term life insurance policies are usually less expensive when comparing the amount of coverage compared to permanent policies.
  • No-risk obligation  – you can cancel the life insurance policy whenever you want if you don’t want it anymore. The life insurance company can’t cancel your policy as long as you’re paying your premiums on time.
  • Exclusions – aside from the suicide during the first two years of the policy, there are no exclusions. This is a standard exclusion by law across all types of life insurance policies.
  • Terminal illness benefit – with this benefit, you can get a percentage of your policy’s death benefit when you’re still alive. To qualify you need to be diagnosed with a terminal illness. 
  • Convertible – if you want to, you may convert your term life insurance policy to a permanent policy.

AIG Select-a-Term Sample Quotes

AIG pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Best health class rating. Samples are based on Monthly Rates

Age$100,000$500,000$1,000,000
30$11.07$20.24$34.95
40$13.58$30.62$53.98
50$25.34$77.76$144.80
60$56.31$213.57$418.14

AIG Select-a-Term Return of Premium Term Life Insurance

Issue Ages:
20-55

Term Lengths:
Choose between 20 – 35 years

Coverage Amounts:
$100,000 +

Can I convert to a Permanent product?
YES
Does this require a Medical Exam?
YES
Is there a No Medical Exam option?
NO

Product Information

Return of Premium:  A ROP policy will return all paid premiums back to the policy owner if the primary insured survives to the end of the policy contract or term. This is how all other return of premium term life insurance policies perform.

AIG Secure Lifetime GUL Guaranteed Universal Life Insurance

Issue Ages:
18-80

Coverage Length:
Age 121

Coverage Amounts:
$100,000 – $5 Million +

AIG Secure Lifetime GUL Sample Quotes

Pricing samples below are based on a GUL life insurance policy to Age 121 rates for healthy non-smoking man with a Preferred Best health class rating. Samples are based on Annual Rates

AGE$100,000$500,000$1,000,000
30$618.00$2,205.00$3,990.00
40$761.00$3,015.00$5,690.00
50$1,105.00$4,570.00$8,580.00
60$1,709.00$7,645.00$14,950.00

Product Information

  • Guaranteed Premium: The policy design is flexible and allows you to structure your premium payments to meet your personal needs as well as your budget. Select the number of years or the age that you want the death benefit guaranteed. You simply pay premiums over the life of the policy or pay extra premium payments to potentially shorten the payment period.
  • Guaranteed return of premium: With AIG’s Enhanced Value Surrender Rider, you have two options for surrendering your policy and having your paid premiums returned to you. This would include 50 percent in year 20, or 100 percent in year 25. There is a cap at 40 percent of your policy’s specified amount.
  • Guaranteed cash value accumulation: What if your needs change? You get flexibility with by potentially reducing your death benefit while maintaining the original coverage guarantee period. This feature proportionally reduces the coverage amount, cash values and the guaranteed premiums.
  • Income if you get sick:  If you happen to suffer a qualifying chronic illness, then the Accelerated Access Solution rider will provide you a tax-free death benefit through pre-determined monthly payments. This can happen for as long as you’re sick or until your death benefit is depleted. At death, the remaining benefit is paid to the beneficiary.

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Americo Life Insurance Company

americo life insurance company

Americo Financial Strength

  • A.M. Best: A
  • S&P: A-
  • Moody’s: N/A
  • Fitch:  N/A

Americo Company Facts

  • Founded: 1909
  • Located: Kansas City, Missouri 

Life Insurance Products

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Indexed Universal Life Insurance

Americo Notes

  • Available term lenghts from 15, 20, 25 and 30 year terms.
  • Americo offers a ROP / return of premium cash back option.
  • Coverage amounts available from $25,000 to $400,000.
  • Living Benefit Riders: When you are receive a qualifying diagnosis for a Critical, Chronic, or Terminal Illness – you will have access to an accelerated death benefit that is payable in 1 lump sum.
  • Additional life insurance riders include: Child term rider up to $15,000 life insurance for kids, Waiver of premium, Disability income, Involuntary Unemployment Waiver of Premium

Americo Underwriting Niches

  • Simplified Issue: Americo provides consumers a variety of simplified issue life insurance products. With a simplified issue policy, underwriting doesn’t require a medical exam. Americo can provide you a policy quickly for several of their plans. The plan that you can qualify for will depend on what risks you may present. 

Americo Company History

The Americo Life Insurance Company has been in the life insurance business for more than 100 years. Americo offers life insurance as well as other coverage products. Americo’s growth and their family of companies is due in large part of the acquisition of other insurance entities. One of the first insurance companies to offer indexed universal life and annuities, Americo is a excellent option for consumers looking for a variety of coverage types.

Americo HMS Plus 125 & 100 Term Life Insurance

 Issue Ages:
20-75

Term Lengths:
15, 20, 25, and 30 years

Coverage Amounts:
$25,000 – $400,000Can I convert to a Permanent product? NO Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Americo’s plans allows up to $400,000 in coverage.
  • Non-medical through $250,000
  • A saliva test is required for coverage amounts of $250,001 to $400,000.
  • Low coverage amounts are available too and start at $25,000.
  • Americo sells their term policies in 15, 20, 25, and 30 year terms.
  • HMS Plus 125 and 100 are simplified issue term life products which don’t require a medical exam.
  • Provide an Accept or Reject decision and issued standard through Table 6 health classes.
  • You are not required to have a mortgage.
  • Riders: Living Benefit Riders include Critical Illness, Chronic Illness, and Terminal Illness which are included at no
    additional cost to you.

Americo Final Expense Burial Insurance

Americo Ultra Protector I

  • Coverage amounts from $2,000-$30,000
  • Issue Ages: 50-85
  • Coverage with guaranteed level premiums
  • Day 1 Coverage: The full death benefit is available right away.
  • Accelerated Benefit Payment Rider
  • Riders: There is an optional Accidental Death Benefit and Children’s Term Rider available.
  • An MIB and Prescription database check is conducted before approval.
  • You must be able to answer NO to all the application questions.

Americo Ultra Protector II

  • Coverage amounts from $2,000-$30,000
  • Issue Ages: 50-80
  • Coverage with guaranteed level premiums
  • Day 1 Coverage: The full death benefit is available right away.
  • An Accelerated Benefit Payment Rider is available for up to 50% of the death benefit if a terminally ill diagnosis is received.
  • Riders: There is an optional Accidental Death Benefit and Children’s Term Rider available.
  • An MIB and Prescription database check is conducted before approval.
  • You must be able to answer NO to all the application questions.

Americo Ultra Protector III

  • Coverage Amounts from $2,000-$10,000
  • Issue Ages 50-75
  • Guaranteed Issue Life Insurance
  • No health questions
  • This policy has guaranteed level premiums
  • Graded Death Benefit for year 1 = 5%. For Year 2 = 10%. Last Year 3 = 75%

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American National Life Insurance Company

american national life insurance company

ANICO Financial Strength

  • A.M. Best: A
  • S&P: A+
  • Moody’s: N/A
  • Fitch:  N/A

ANICO Company Facts

  • Founded: 1905
  • Located: Galveston, Texas

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance

American National Notes

  • American National is one of the top accelerated underwriting life insurance carriers in the market. For large life insurance policies up to $1 million of coverage. ANICO provides their “Xpress Plus” which automates underwriting for the life insurance policies they offer & the basic requirements for Xpress Plus are:
  • Consumers between the ages of 0 to 50 for up to $1,000,000 benefit
  • Consumers between the ages of 51 to 60 for up to $500,000 benefit
  • ANICO’s term and permanent policies come with free chronic, critical and terminal illness riders.
  • Permanent coverage has a 100% return of premium (ROP) feature

American National Underwriting Niches

  • Great for diabetics. We’ve had success with ANICO’s exam and No Exam policies getting Type 1 DM approvals with 8.5 a1c at Table 8 without an exam. Will consider a1c under 10%, which is much better than most companies.
  • Competitive Tobacco user rates
  • Good for mild depression or anxiety, well-controlled sleep apnea, adult ADD
  • Good for family history of death prior to age 60 of certain cancers and coronary artery disease

American National Life Insurance Company History

ANICO was founded and formed in Texas in 1905 by W.L. Moody, Jr. American National started with only $100,000 and 10 employees. American National and ANICO of New York continues to grow and last year announced a major milestone. ANICO announced that they had over $100 Billion in in-force life insurance policies across the U.S.A. and Puerto Rico. Forbes added and named American National to their list of “Most Trustworthy Financial Companies”.

ANICO Signature Term Life Insurance

 Issue Ages:
18-70

Term Lengths:
10, 15, 20 & 30 years

Coverage Amounts:
$50,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

If you need coverage for at least ten years then the ANICO Signature Term may be a great fit. It’s a great choice if you don’t require the need for cash value accumulation that permanent life insurance provides. With ANICO and their Signature Term, you’re paying for protection without any additional costs. ANICO Signature Term Insurance provides:

  • Affordable term coverage with a level death benefit for the term period you require
  • Custom term options that best fit your needs of 10, 15, 20 or 30 year terms
  • Your selected term has Level-Premium payments
  • Select a Lump-sum or partial settlement with your policy in the event of Qualifying Critical, Chronic or Terminal Illness using Accelerated Benefit Riders.
  • Competitively priced with face amounts beginning at $50,000 and always backed with ANICO’s 100 plus years of financial stability
  • Issue Ages: 10 year term ages 18-70, 15 year term ages 18-65, 20 year term ages 18-60 and 30 year term ages 18-50. 

ANICO Signature Term Life Sample Quotes

ANICO pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Best health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$14.69$22.03$38.88
40$19.35$33.70$61.34
50$38.62$82.08$156.38
60$95.39$221.18$435.46

American National Signature Guaranteed Universal Life Insurance

 Issue Ages:
18-80

Coverage Length:
Up to Ages 121

Coverage Amounts:
$25,000 – $1 Million +

Product Information

  • ANICO Signature Guaranteed UL Product Information:
  • GUARANTEED DEATH BENEFIT: ANICO’s Signature Guaranteed UL is a guaranteed universal life insurance policy that provides a guaranteed death benefit as long as all premiums have been paid on time. You may choose a guarantee length anywhere from age 95 to 121. Signature Guaranteed UL pays a tax-free death benefit to your beneficiary for income replacement, final expenses, as well as any of your financial obligations and needs.
  • ANICO Signature Guaranteed UL provides you the ability to:
  • Choose the amount of death benefit you need
  • Customize length of the guaranteed death benefit
  • Cash out your policy at a later date if your needs happen to change
  • Accelerated Death Benefit that can help with easing the financial strain in the event of a qualifying health condition
  • Customize your life policy with optional additional riders

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Assurity Life Insurance Company

assurity life insurance company

Assurity Financial Strength

  • A.M. Best: A-
  • S&P: N/A
  • Moody’s: N/A
  • Fitch:  N/A

Assurity Company Facts

  • Founded: 1890
  • Located: Lincoln, Nebraska

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance

Assurity Life Notes

  • Assurity’s Term Insurance NonMed Product is available up to $350,000 for ages 50-65
  • Their NonMed Term Insurance is available up to $500,000 up to age 50
  • Assurity Final Expense coverage amounts up to $50,000
  • Assurity Accidental Death coverage amounts up to $500,000

Assurity Underwriting Niches

  • With Assurity, they have the option for a No Medical Exam policy but you will have to answer some qualifying questions. You will also have to pass an MIB check, medication history and Motor Vehicle Report.
  • Assurity bases their rates on your actual age instead of the common nearest age that many carriers use.
  • Tobacco: Assurity is very competitive with rates for smokers.

Assurity Life Insurance Company History

With over 125 years in the life insurance business, the Assurity Life Insurance Company has provided top shelf value for consumers. Assurity has established long lasting relationships and has maintained their financial strength. They are rated A- by A.M. Best and provide an excellent range of life insurance products.

Assurity LifeScape Term 350 Plus

 Issue Ages:
18-74

Term Lengths:
10, 15, 20 & 30 years

Coverage Amounts:
$50,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

Assurity’s LifeScape Term 350 Plus is a term life insurance policy that is fully underwritten and has a guaranteed premium with an available 20 and 30 year Return of Premium Rider (optional). With Assurity you’ll get access to more term life features compared to most companies. Assurity offers conversions from term life to permanent converage, guaranteed premiums that are level for the term you choose, and additional riders such as disability waiver of premium, and accidental death benefit.

Assurity’s Term Policy Features include:

  • Conversion from term to permanent coverage
  • Guaranteed Level Premium
  • Waiver of Premium rider
  • Accelerated Death Benefit rider
  • Return of Premium rider

Assurity Term Life Sample Quotes

Assurity pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Best health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$10$25$44
40$15$45$84
50$31$99$189
60$80$265$511

Assurity LifeScape Term 350 Non Med Life Insurance

 Issue Ages:
18-65

Term Lengths:
10, 15, 20 & 30 years

Coverage Amounts:
$50,000 – $350,000

Product Information

This is Assurity Life’s No Medical Exam term life policy.  The Term 350 Non Med is fully underwritten. You will not be subjected to a medical exam, but you will have to answer a health questionnaire about your current and past history. Assurity will also order medical records, pharmacy, MIB and MVR history is part of their underwriting process.

Assurity LifeScape Simplified Issue Whole Life Insurance

 Issue Ages:
6 months – 80 years old

Coverage Lengths:
Lifetime

Coverage Amounts:
$5,000 – $50,000

Product Information

Assurity LifeScape Simplified Issue Whole Life Insurance comes with 3 benefit types:

  • Level Benefit
  • Graded Benefit
  • Modified Benefit

Lifescape Simplified Whole Life Insurance [Level Benefit]

Your death benefit will be paid from day one. There is no delay in the death benefit payout.  This policy is typically available for healthier consumers. This Lifescape policy will provide you level benefits and premiums.

  • The issue ages are 6 months – 80 years.
  • The coverage amounts are from $5,000 – $50,000.

Lifescape Simplified Whole Life Insurance [Graded Benefit]

The Lifescape graded benefit policy will pay out 40% of the death benefit if you were to pass away within the 1st year of coverage. If you die during the 2nd year it will pay out 75% and once you enter the 3rd year it will pay out 100%.

  • The issue ages are 40 – 80.
  • Coverage amounts are between $5,000 to $35,000.

Lifescape Simplified Whole Life Insurance [Modified Benefit]

The Lifescape modified benefit policy will pay out 10% plus your premium if you were to pass away within the first 2 years. When you reach year 3 Assurity will pay 100% of the death benefit.

  • Issue ages are 40 – 80.
  • Coverage amounts are from $5,000 to $25,000.

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AXA Equitable Life Insurance Company

axa equitable life insurance company

AXA Equitable Financial Strength

  • A.M. Best: A+
  • S&P: AA-
  • Moody’s: Aa3
  • Fitch:  AA-

AXA Equitable Company Facts

  • Founded: 1870
  • Located: New York, New York

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance
  • Variable Universal Life

AXA Equitable Life Notes

  • AXA Equitable offers consumers unique shorter term lengths like their 1 year annual renewable, 5, 10, 15, and 20 year term.
  • AXA Equitable Life Insurance Company is financially strong. They are great for specific situations tailored to consumers who require more permanent product types such as Whole & Universal Life. For inexpensive term life, it might be better to look at another carrier.
  • For consumers who need a financially strong and stable carrier for estate planning, permanent coverage, or cash value growth products – AXA Equitable could be a solid choice for you.

AXA Equitable Underwriting Niches

  • Tobacco User Change in Status– If you are an AXA policy owner who was originally issued a life policy with a Tobacco User status for the insured, you can request for a Non Tobacco underwriting class change as soon as the first policy year has passed. This change will require underwriting. This is a great option if you quit tobacco so you’re not stuck paying tobacco rates for the life of your policy.
  • Rating Reduction – Once again, after you have passed the first year of your policy with AXA, the Insured can apply for a reduction in their rating if you feel your health has improved. You will be required to go through underwriting to prove the change.

AXA Equitable Life Insurance Company History

AXA Equitable is just one of a few life insurance companies who started out in the 1800’s. AXA Equitable provides not only a national presence, but an international one. They are a top company even when compared to the biggest carriers in the U.S.A. AXA Equitable has total assets of over $500 billion.

AXA Brightlife Term Life Insurance

 Issue Ages:
18-75

Term Lengths:
1, 5, 10, 15, & 20 years

Coverage Amounts:
Available to $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? NO

Product Information

  • Unique: AXA BrightLife Term is their term life insurance product which is quite unique from most other carriers in the term length availability alone.
  • Riders: Available Brightlife term riders include their Living Benefit Rider, Children’s Term Rider, and Disability Waiver of Premium Rider.
  • Living Benefits Rider (LBR): This rider is include at with your policy at no extra cost. The LBR allows the life insurance policy owner to get a portion of the death benefit if the insured happens to get a terminally illness diagnosis.
  • BrightLife ART (Annual Renewable Term):  This feature will guarantee premiums for the 1st three years of your policy. Your premium will increase annually after policy year one. However, they will never go over the guaranteed maximum premium written within the policy.

AXA Equitable Brightlife Term Life Sample Quotes

AXA Equitable pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Best health class rating. Samples are based on Monthly Rates.

Age$250,000$500,000$1,000,000
30$21$27$43
40$27$38$63
50$57$80$148
60$135$231$428

AXA Interest Sensitive Whole Life

 Issue Ages:
0-85 years old

Coverage Length:
Lifetime

Coverage Amounts:
Minimum $50,000

Product Information

  • Premiums: Your premiums will be level and a guaranteed minimum death benefit will be available for your policy as long as your policy is paid on time.
  • Guarantee: A guaranteed minimum cash value will equal your policies death benefit when the insured reaches age 100.
  • Riders: You can customize your policy with additional riders. The riders available are the Waiver of Premium Disability Rider, Children’s Term Rider, Living Benefits Rider.

AXA Brightlife Protect Universal Life

 Issue Ages:
0-85 years old

Coverage Length:
Up to Age 90

Coverage Amounts:
Minimum $50,000

Product Information

  • Coverage to Age 90: Your policy will be guaranteed to age 90 if purchased at 50 years of age or older. It will be guaranteed for 40 years if bought under age 50.
  • Choices. Your premiums can be directed to a Fixed Account with a guaranteed interest account. This will offer you a guaranteed rate of return.  You can also choose a Select Account which is an index-linked interest option connected to the S&P 500 price return index, subject to a cap, that provides upside cash value accumulation opportunities and a guaranteed 0% floor which protects you from losses from market performance.
  • Long-Term Care Services Rider: BrightLife Protect will provide you the option of a Long-Term Care Services Rider for an additional charge which provides an accelerated death benefit that may be used to pay for long-term care expenses. There are some restrictions that may apply. Be sure to look at your outline of coverage and the policy rider form for more details.
  • Flexible premium payments.  Your premiums can be reduced or skipped. A flexible policy that is adaptable to your changing financial goals and needs. This flexibility is available as long as your policy contains sufficient cash surrender value in order to pay monthly premium deductions. If you skip or reduce your premium payments it will reduce the cash value and increase the chance that your universal life policy will lapse.
  • Business Benefits. Depending on your business needs, your BrightLife policy can be used to protect your business. You can insure the business owner/policy holder, partners, or key employees. Your policy can also can be setup to aid transfer of business ownership in case a partner or another business-owner dies.

 

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Instantly compare rates from dozens of top life insurance companies

Fidelity Life Insurance Company

fidelity life life insurance company

Banner Life Financial Strength

  • A.M. Best: A-
  • S&P: N/A
  • Moody’s: N/A
  • Fitch:  N/A

Fidelity Life Company Facts

  • Founded: 1896
  • Located: Chicago, Illinois

Life Insurance Products

  • Term Life Insurance
  • Whole Life Insurance

Fidelity Life Notes

  • Blended: With Fidelity Life, you get blended coverage that provides an Any Cause Death Benefit and an Accidental Death Benefit
  • Process: Coverage is issued once the applicant is approved using Fidelity’s non-medical 24 – 48 hour underwriting process. There are cases where coverage will be issued 100% all cause without any additional underwriting requirement.
  • Unique: Fidelity offers the Rapid Decision Life option to undergo medical underwriting within the policy’s first six months. This option is to allow you to qualify for Fidelity’s blend of improved coverage benefits. It also allows the consumers the ability to improve any health issues like weight loss, cholesterol or blood pressure.
  • Renewable: Fidelity’s death benefit is renewable on their level premium through your initial term period as well as on their annual renewable term up to age 95.

Fidelity Life Underwriting Niches

  • Tobacco: Fidelity can provide Standard Non Tobacco rates if there’s been no nicotine use for 12 months.
  • No Exam: Fidelity offers simplified no medical exam underwriting for face amounts of $250,000 or less.

Fidelity Life Insurance Company History

Fidelity Life got its start in the Midwest over a century ago. Since that time, it has blossomed into a top life insurance company. How so? Fidelity Life has grown to over $515,000,000 in financial assets and over $23 billion in life insurance business. They are a great company for life insurance for seniors and have excellent plan options for a variety of goals.

Fidelity Rapid Decision Term Life Insurance

 Issue Ages:
18-65

Term Lengths:
10, 15, 20, & 30 years

Coverage Amounts:
$50,000 to $1 Million +Can I convert to a Permanent product? NO Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Rapid Decision Life: Fidelity’s Rapid Decision Life will provide your policy to be issued quickly while giving you an option to go through medical underwriting at your convenience to take full advantage of all of the policy benefits.
  • How it works: With Rapid Decision Life, you will get up to 6 months to finish the medical underwriting process. Fidelity may increase the “all cause” portion due to your underwriting results. They may increase it up to 100% and they may decrease the accidental death portion comparatively. What if underwriting results don’t show any improvement? Your initial blend of coverage that was originally issue will remain in force.

Fidelity Rapid Decision Term Life Insurance Sample Quotes

Fidelity Rapid Decision Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$12.96$32.19$55.25
40$15.49$43.94$80.47
50$30.89$103.53$199.67
60$77.69$269.27$536.36

Fidelity Rapid Decision Final Expense Whole Life Insurance

 Issue Ages:
50-85 years old

Coverage Length:
Lifetime

Coverage Amounts:
$5,000 to $35,000 for Final Expense
$5,000 to $20,000 for Guaranteed Issue

Product Information

  • Simplified Issue Final Expense Whole Life: Fidelity will issue their Simplified Issue product between the ages of 50 – 85. The guaranteed face amounts and premiums are level for the life of the policy. This policy has cash value growth that will mature at age 121. Day 1 immediate coverage so there is no graded benefit or waiting period for the death benefit. 
  • Guaranteed Issue Graded Benefit Whole Life: Fidelity will issue their Guaranteed Issue product between the ages of from ages of 50 – 85. Level premiums are guaranteed for the duration of the policy. There is a graded death benefit for the 1st three year. The full death benefit will be available beginning in the 4th year of the policy.

Fidelity Life Rapid Decision Whole Life Graded

Rapid Decision Whole Life Graded pricing samples below are based on Lifetime coverage with a Graded Benefit. Samples are based on Monthly Rates.

Age$10,000$15,000$20,000
50$45.35$65.85$86.36
60$68.32$100.31$132.29
70$102.86$152.12$201.37
80$164.86$245.11$325.36

 

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Foresters Financial Life Insurance Company

Foresters Financial Life Insurance Company

Foresters Financial Strength

  • A.M. Best: A
  • S&P: N/A
  • Moody’s: N/A
  • Fitch:  N/A

Foresters Financial Company Facts

  • Founded: 1874
  • Located: Toronto, Canada

Life Insurance Products

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Final Expense Life Insurance

Foresters Financial Notes

  • Charity: Foresters provides a Charity Benefit Provision that will pay an extra 1% of the plan’s death benefit towards a nonprofit charity of your choice.
  • Included Riders: A unique benefit that Foresters provides its members and life insurance customers is the included chronic, critical, and terminal illness benefits. These are included with your policy with no additional cost. This is a unique offering and few carriers provide these included benefits.
  • Extra:  There are some extra benefits available to Foresters members such as access to community grants, emergency assistance, and scholarships.

Foresters Financial Underwriting Niches

  • Health: Foresters is a good and safe company for a variety of health related risks.
  • Pilots: For pilots, Foresters is a great choice because they don’t have a restriction on maximum age.

Foresters Financial Company History

The Foresters Financial life insurance company has been in the life insurance business for over a century. Although they offer a wide range of life insurance products, Foresters isn’t a traditional life insurance company like its competitors. Foresters is a fraternal benefit society that provides life insurance and other benefits to their members.

Foresters Your Term Life Insurance

 Issue Ages:
18-80

Term Lengths:
10, 15, 20, 25 & 30 years

Coverage Amounts:
$100,000 to $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Foresters Your Term: This is Foresters Level Term Life Insurance is a fixed period, level term life insurance policy with a guaranteed premium and death benefit.
  • Foresters Your Term Issue Ages
    • 10 Year Term: 18-80 years old
    • 15 Year Term: 18-70 years old
    • 20 Year Term: 18-65 years old
    • 25 Year Term: 18-60 years old
    • 30 Year Term: 18-55 years old

Foresters Your Term Life Insurance Sample Quotes

Foresters Your Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$8.66$18.81$29.75
40$10.33$27.13$47.25
50$16.45$57.75$107.63
60$38.06$165.81$322.88

Foresters Your Term Non Medical Term Life Insurance

 Issue Ages:
18-55 for $50,000-$400,000
55-80 for $50,000-$150,000

Term Lengths:
10, 15, 20, 25 & 30 years

Coverage Amounts:
$50,000 – $400,000Can I convert to a Permanent product? YES

Product Information

  • Fast: With Foresters Your Term Non Medical, as soon as your application is submitted, a decision will be made in approximately 10 minutes!
  • Included Riders: Forester includes their Chronic Illness, Critical Illness and Terminal Illness in their Your Term products at no extra cost to you.
  • Disability Coverage: You can get up to $2,000 per month for up to 2 years of total disability coverage for an added cost to your policy.

Foresters Your Term Non Medical Term Life Insurance

Foresters Your Term Non Medical Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Standard health class rating. Samples are based on Monthly Rates.

Age$100,000$200,000$400,000
30$16.48$26.78$47.43
40$24.41$42.70$79.28
50$51.10$96.08$186.03
60$117.86N/AN/A

Foresters PlanRight Final Expense Whole Life Insurance

 Issue Ages:
50-85 years old

Coverage Length:
Lifetime

Coverage Amounts:
$35,000 max for Ages 50-80 (Level)
$15,000 max for Ages 81-85 (Level)
$20,000 max for Ages 50-80 (Graded)
$10,000 max for Ages 81-85 (Graded)

Product Information

Foresters PlanRight has different levels of life insurance coverage:

  • PlanRight Level: Your death benefit will be based on 100% of the coverage amount in effect. To qualify for the “Level Benefit” you will have to be able to answer “No” to all of the qualifying medical health questions.
  • PlanRight Graded: There will be a limited death benefit in the policy’s 1st 2 years,. It will be is based on the greater of:
    • 1) The sum of the total paid premiums that have accumulated with 4.5% interest, or
    • 2) 30% of the benefit amount in effect in the 1st year and 70% of the benefit amount in effect during the 2nd year.
    • After year 2 and onward, your death benefit will be based on 100% of the coverage amount in effect. There are several questions you need to answer to qualify.

Foresters PlanRight Final Expense Whole Life Sample Quotes [Level Benefit]

Foresters PlanRight Final Expense Whole Life Insurance pricing samples below are based on Lifetime coverage with a Level Benefit. Samples are based on Monthly Rates.

Age$10,000$15,000$20,000
50$26.05$37.50$48.95
60$35.41$51.54$67.67
70$53.42$78.55$103.69
80$111.08$165.05$219.01

 

Foresters PlanRight Final Expense Whole Life Sample Quotes [Graded Benefit]

Foresters PlanRight Final Expense Whole Life Insurance pricing samples below are based on Lifetime coverage with a Graded Benefit. Samples are based on Monthly Rates.

Age$10,000$15,000$20,000
50$37.07$54.02$70.98
60$52.29$76.86$97.46
70$83.41$123.55$163.68
80$166.95$248.85$330.75

 

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Gerber Life Insurance Company

gerber life insurance company

Gerber Life Financial Strength

  • A.M. Best: A
  • S&P: A
  • Moody’s: N/A
  • Fitch:  N/A

Gerber Life Company Facts

  • Founded: 1967
  • Located: White Plains, New York

Life Insurance Products

  • Term Life Insurance
  • Whole Life Insurance
  • Guaranteed Issue

Gerber Life Insurance Notes

  • Term Life: Gerber Life offers term life insurance coverage options that range between $25,000 and $150,000.
  • Guaranteed Issue: For applicants who are between the age of 50 and 80. No health questions are asked and coverage amounts range from $5,000 to $25,000. There is a Graded Death benefit in the 1st 2 policy years.

Gerber Life Underwriting Niches

  • Are You Uninsurable? With the Gerber Life Guaranteed Issue policy, you have a great opportunity for securing coverage. It’s an excellent option for consumers who have been denied life insurance or has a risk that is uninsurable.

Gerber Life Insurance Company History

Already over a half century old, the Gerber Life Insurance Company provides consumers looking for quality life insurance options. They are great for families on a budget or consumers who are uninsurable. They received an “A” rating from A.M. Best which scores companies on their financial strength and stability.

Gerber Term Life Insurance

 Issue Ages:
18-65

Term Lengths:
20, 25 & 30 years

Coverage Amounts:
Up to $150,000Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Medical Exam Term Policy: Issue ages are from 18-65 years of age. Maximum face amount is $150,000.
  • No Medical Exam Term Policy: Issue ages are from 18-50 years of age. Maximum face amount is $100,000.

Gerber Guaranteed Issue Life Insurance

 Issue Ages:
50-80 years old

Coverage Length:
Lifetime

Coverage Amounts:
$5,000 – $25,000

Product Information

  • Cash Value: Policy builds some cash value.
  • No Health Questions: Everyone is accepted.
  • Graded Death Benefit: There is a Graded Death benefit with Gerber Life’s Guaranteed Issue in the first 2 policy years. If you were to die during the 1st two years of the policy for any reason other than by an accident, all of your paid premiums would be paid back to the beneficiary, plus an additional 10% interest on those paid premiums. If an accidental death occurs during the first 2 policy years, the entire death benefit is paid to your beneficiary. Once the 2 year Graded Death Benefit period has passed and the insured passes away for any reason – the entire coverage amount in your policy will be paid to your beneficiary.

Gerber Guaranteed Issue Life Insurance Sample Quotes [Graded Benefit]

Gerber Guaranteed Issue Life Insurance pricing samples below are based on Lifetime coverage with a Level Benefit. Samples are based on Monthly Rates.

Age$10,000$15,000$25,000
50$44.09$65.68$108.85
60$63.89$95.38$158.35
70$247.32$148.32$246.58
80$111.08$370.52$616.91

 

 

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Haven Life Insurance Company

haven life insurance company

Haven Life Financial Strength

  • A.M. Best: A++
  • S&P: AA+
  • Moody’s: Aa2
  • Fitch:  A++

Haven Life Company Facts

  • Founded: 1851 (MassMutual)
  • Located: Springfield, Massachusetts

Life Insurance Products

  • Term Life Insurance

Haven Life Insurance Notes

  • Online: Consumers can apply online without the help of an agent. This can be a good or bad solution depending on your specific situation or health.
  • Fast: Instant Online Decisions.
  • Citizenship: Coverage For Non-U.S. Citizens

Haven Life Underwriting Niches

  • Not a good fit for health risks: Haven Life is a great option if you’re in great health. The application and approval process can be a bit overwhelming if you have certain health risks.

Haven Life Insurance Company History

Haven Life is an online insurance agency that is owned by MassMutual. MassMutual is a top life insurance company and have been in the life insurance marketplace since 1851.

Haven Life InstantTerm Life Insurance

 Issue Ages:
18-65 years old

Term Lengths:
10, 15, 20, & 30 year term

Coverage Amounts:
Up to $2,000,000

Product Information

  • Haven Life offers one of the best, most affordable term life insurance products on the market, allowing you to apply and obtain coverage 100% online without any type of medical exam.
  • Online Application: When completing the Haven InstaTerm online application, you will be asked questions such as: What is the purpose of the insurance policy? What is your Name, date of birth, height, weight, citizenship, and current address?  You will be asked information about your family’s health history. Haven will also need detailed information about your health as well as your employment information.

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John Hancock Life Insurance Company

john hancock best life insurance company

John Hancock Financial Strength

  • A.M. Best: A+
  • S&P: AA-
  • Moody’s: Aa1
  • Fitch:  AA-

John Hancock Company Facts

  • Founded: 1862
  • Located: Boston, Massachusetts

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance

John Hancock Notes

  • Vitality Program: With John Hancock, you have access to their wellness and client engagement platform that is able to deliver significant  discounts to consumers who are able to meet specific criteria on an ongoing yearly basis. 

John Hancock Underwriting Niches

  • Smokers: WithJohn Hancock’s “Quit Smoking Incentive” you get access to a one of a kind life insurance program that offers cigarette users non-tobacco rates during the 1st three policy years.  In order to maintain John Hancock’s non-smoker rate passed year 3, the insured must complete and sign a tobacco usage supplement that states that you have quit smoking for a timeframe of at least twelve months. You will also need to provide a clean urinalysis sample.
  • Cancer: If you have successfully treated an early stage cancer that was localized, you may be approved at Standard. Examples of cancers are breast cancer and possibly prostate cancer.
  • Coronary Artery Disease: John Hancock has a proprietary underwriting manual that is their own and is typically more aggressive compared to the average companies.
  • Depression: Possibly eligible for Preferred rates.

John Hancock Life Insurance Company History

The John Hancock Life Insurance Company is a top life insurance company with over a century of life insurance policyholder claim payouts.  John Hancock is quite stable financially and a strong carrier based on several rating agencies. John Hancock had a $255 million net income at the end of 2015 and total deposits and life insurance premiums were over $15 million.

John Hancock Term Life Insurance

 Issue Ages:
18-80

Term Lengths:
10, 15 & 20 years

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • No Exam: John Hancock provides consumers a No Medical Exam option with John Hancock’s SmartProtect Term. You can get up to $1,000,000 in life insurance coverage. Their term policy issue ages are from 20 – 60.
  • Medical Exam: John Hancock’t fully underwritten term policy is similar to the typical fully underwritten policies on our site. This policy gives you coverage for a certain term period that you apply for.
  • Terminal illness benefit – With John Hancock’s Terminal Illness benefit, you can get a portion of your policy’s benefit when you’re still alive. To qualify for this benefit, also known as an Accelerated Death Benefit, you need to be diagnosed with a terminal illness.

John Hancock Term Life Insurance Sample Quotes

John Hancock Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$11.92$25.08$37.87
40$14.84$30.54$54.25
50$27.04$76.26$144.33
60$63.98$210.52$404.08

John Hancock Accumulation IUL with Vitality Life Insurance

 Issue Ages:
3 months – 90 years old

Coverage Length:
Lifetime

Coverage Amounts:
Minimum $50,000

Product Information

  • Accumulation IUL from John Hancock: John Hancock’s IUL is one of the most competitive life insurance products in the whn using your policy for accumulation of cash value and/or retirement income.
  • Accumulation IUL with Vitality: John Hancock’s IUL with Vitality provides you the security and coverage of a universal life insurance policy but with upside potential. The IUL’s potential of performance with an equity link as well as the protection of a guaranteed 0% floor.

 

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ING Reliastar / VOYA Financial Life Insurance Company

ing voya life insurance company

ING Reliastar / VOYA Financial Financial Strength

  • A.M. Best: A
  • S&P: A
  • Moody’s: A2
  • Fitch:  A

ING Reliastar / VOYA Financial Company Facts

  • Founded: 1990
  • Located: New York, New York

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Indexed Universal Life Insurance
  • Variable Universal Life Insurance

ING Reliastar / VOYA Financial Notes

  • TermSmart is the name of Voya Financial’s term life insurance coverage.
  • Short application There is a short application along with a simple telephone interview known as a Telemed interview.
  • Voya ROP Endowment Term. This is Voya’s term life insurance policy that can actually builds up cash value that you may borrow from your policy if you need to.

ING Reliastar / VOYA Financial Underwriting Niches

  • Build: Voya has a favorable unisex height and weight chart.
  • Cholesterol: You may qualify for Preferred if you have high cholesterol and your levels are up to 300.
  • Family history: If you have a family history of cancer it may not affect your ability to get Preferred rates.
  • Diabetes: You may qualify for Preferred with Voya if you’re a well controlled type 2 diabetic and you’re 60 years old or older.

ING Reliastar / Voya Financial Company History

Starting in 1990, ING began as a merger from several companies located in the Netherlands. This occured after significant legislation altered how insurance carriers and financial institutions could operate. VOYA is a company in its relative infancy when compared to the other top life insurance companies. ING Reliastar as they’re formally known, is a global company for life insurance options as well as financial products.

Voya TermSmart Term Life Insurance

 Issue Ages:
18-80

Term Lengths:
10, 15 & 20 years

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? NO

Product Information

  • Conversion: Your coverage is fully convertible to Voya’s cash value accumulation universal life insurance coverage. This is a great option if your life insurance needs happen to change in the future.
  • Medical Exam: Your Voya TermSmart policy is similar to the fully underwritten term life policies found on our website. These term life policies provide coverage for a certain period of time known as the “term”. 
  • Payment: You can pay for your Voya policy with a Credit or Debit card such as VISA, Mastercard and Discover cards. This payment is only accepted on the initial premium payment.

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Lincoln Financial Life Insurance Company

lincoln financial best life insurance company

Lincoln Financial Life Insurance Company

  • A.M. Best: A+
  • S&P: AA-
  • Moody’s: A1
  • Fitch:  A+

Lincoln Financial Life Insurance Company Facts

  • Founded: 1905
  • Located: Philadelphia, Pennysylvania

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance

Lincoln Financial Company Notes

  • Health: Lincoln has competitive underwriting for a wide range of health risks and conditions
  • Riders: Lincoln Financial provides a variety of life insurance riders available to customize your coverage
  • LifeElements: With Lincoln Financial’s LifeElements, you get a quicker than average approval to your application. It’s typically around 20 days.
  • TermAccel: If you can qualify for Lincoln’s fast track TermAccel by passing a telephone health interview, you can skip the life insurance medical exam. This option is available if you’re between the ages of 18 – 50 and for coverage amounts between $100,000 and $500,000. 

Lincoln Financial Underwriting Niches

  • Hypertension: A Preferred Plus rating can be possible if you’re treated for Hypertension and hypothyroidism
  • Family History: If you have a family history of cancer, you may still qualify for Preferred rates.
  • Diabetes: Type 2 diabetes can get Preferred rates if you are over the age of 70 and have an A1C of 6% or less.
  • Hepatitis: If you have a diagnosis of Hepatitis C you may qualify for Preferred rates.
  • Cancer: You’ll be considered for a Preferred health rating for specific cancer types such as: testicular cancer, prostate, thyroid, cervical and uterine cancers.
  • Tobacco: You can get Standard Non Tobacco Rates with Lincoln for: Cigars, Pipes, and Chewing Tobacco. If you get a Positive Nicotine with your labwork, it’s OK. For Cigars: Up to 24 a year for Preferred Non Tobacco, but you must be Negative for Nicotine. You can have up to twelve cigars a year for a Preferred Plus rating and be Negative for Nicotine.

Lincoln Financial Life Insurance Company History

Getting their start in 1905 in Fort Wayne Indiana, the Lincoln National Life Insurance Company is a top life insurance carrier that provides consumers excellent coverage options. Today, Lincoln Financial is not only in our Top 27, but in Forbes Top 25 based on Lincoln’s assets.

Lincoln LifeElements Term Life Insurance

 Issue Ages:
18-80

Term Lengths:
10, 15 20 & 30 years

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • No Exam: John Hancock provides consumers a No Medical Exam option with the John Hancock SmartProtect Term policy. You can get up to $1,000,000 in life insurance coverage. The No Exam term policy issue ages are from ages 20 – 60.
  • Medical Exam: John Hancock’s fully underwritten term policy is similar to the typical fully underwritten policies on our site. This policy gives you coverage for a certain term period that you apply for.
  • Terminal illness benefit – With John Hancock’s Terminal Illness benefit, you can get a portion of your policy’s benefit when you’re still alive. To qualify for this benefit, also known as an Accelerated Death Benefit, you need to be diagnosed with a terminal illness.

Lincoln Life Elements Term Life Insurance Sample Quotes

Lincoln LifeElements Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$11.38$21.00$49.00
40$12.25$30.28$70.00
50$24.06$78.71$147.70
60$-$214.33$418.78

Lincoln WealthPreserve IUL

 Issue Ages:
20 – 90 years old

Coverage Length:
Lifetime

Coverage Amounts:
Minimum $50,000

Product Information

  • Unique: Lincoln’s Wealth Preserve IUL is competitively priced and has a built in forty year guarantee or to age 90.  Lincoln’s Wealth Preserve IUL is the industry’s only IUL that provides consumers a free unique “discounted” Long Term Care rider. You have to medically qualify for this rider. The Wealth Preserve is a great choice for shoppers over the age of 50 shopping for strong guarantees.
  • Taxes: If your goal is to minimize your tax exposure and the volatility on your policy’s assets from market volatility – Lincoln is a great choice.
  • Living Benefits: With Lincoln’s WealthPreserve IUL, you can get added security with living benefit. This benefit will help you supplement potential expenses and you can select their permanent chronic or terminal illness accelerated benefit riders.
  • Cash Value Growth: The WealthPreserve IUL can be structured to help you gain cash value growth and the tax advantages with that growth.

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MetLife / Brighthouse Financial Insurance Company

metlife best life insurance company

Metlife / Brighthouse Financial Strength

  • A.M. Best: A+
  • S&P: AA-
  • Moody’s: Aa3
  • Fitch:  AA-

MetLife Company Facts

  • Founded: 1863
  • Located: New York, New York

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance

MetLife Company Notes

  • Simplified Issue: MetLife offers shoppers a No Exam option. They have an annual renewable term that is simplified issue so you won’t have to take a medical exam.
  • Flexibility: MetLife offers life insurance riders which are available to consumers in order to make their policy more flexible. There is a conversion rider as well as a renewable options rider. 

MetLife Underwriting Niches

  • Active Duty Military: MetLife is hands down the top life insurance company for active duty military personnel as well as those on reserve. MetLife may approve applicants at Preferred rates even if they are being deployed in a war zone.
  • Marijuana: If you use marijuana medically or recreationally, MetLife may qualify you for non smoker rates.
  • Health Risks: MetLife is a top company overall for a variety of health risks. They’re very competitive with preexisting conditions like Type 1 and Type 2 diabetes, anxiety, blood pressure, certain cancers and epilepsy.
  • Unique Conversion: MetLife and their convertible term option allows you to convert your term policy from another life insurance company to a MetLife Permanent policy. This conversion is available without showing any evidence of insurability!

MetLife Company History

MetLife started as the National Union Life and Limb Insurance Company back in 1863. In 1915 they became a mutual company and run by its policy holders. Fast forward to 2016 and Metlife took its retail business and separated it from their main company. The retail life insurance business has been written by Brighthouse Financial ever since.

MetLife Brighthouse One Year Term Life Insurance

 Issue Ages:
18-85

Term Lengths:
1 year annual renewable

Coverage Amounts:
$100,000 minimumCan I convert to a Permanent product? YES

Product Information

  • Conversion: If you’re looking to convert your term into a permanent life insurance pollicy, MetLife provides you the opportunity to add the Convertible and Renewable Options rider.
  • Renewable: Once your policy has been put in force, your death benefit and life insurance premiums will be secured for 1 year only. If you want coverage past year 1, you will have to reapply.

MetLife Brighthouse Level Term Life Insurance

 Issue Ages:
18-75

Term Lengths:
10, 15, 20, 30 year terms

Coverage Amounts:
$100,000 minimumCan I convert to a Permanent product? YES Does this require a Medical Exam? YES

Product Information

  • Conversion: MetLife offers shoppers a conversion option. The term policy is convertible by the end of your selected term or by age 70.
  • Riders: MetLife’s term policy provides shoppers the ability to add additional coverage. You can opt for MetLife’s disability waiver of premium and accelerated death benefit riders.

MetLife Brighthouse Premier Accumulator Universal Life Insurance (PAUL)

 Issue Ages:
18-85

Coverage Length:
Lifetime

Coverage Amounts:
$100,000 minimum

Product Information

  • Universal life insurance: The Premier Accumulator UL from MetLife has been designed to guarantee the death benefit and provide you lifetime coverage.
  • High cash value accumulation: This is the benchmark of MetLife’s Premier Accumulator UL policy. It provides excellent benefits and cash value growth.
  • Riders: If you’re wanting extra protection and want to customize your PAUL policy, there is the Waiver of Specified Premium and the Accelerated Death Benefit riders available to you.

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Minnesota Life Insurance Company

Minnesota Life Insurance Company

Minnesota Life Financial Strength

  • A.M. Best: A+
  • S&P: A+
  • Moody’s: Aa3
  • Fitch:  AA

Minnesota Life Company Facts

  • Founded: 1880
  • Located: St. Paul, Minnesota

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance

Minnesota Life Company Notes

  • Riders: Minnesota Life provides a variety of term riders to help customize your policy. Term riders that are available include: Accelerated Death Benefit, Conversion option, Child Term Rider, and Waiver of Premium rider.
  • 5 Year Term: Minnesota Life is one of the very few life insurance carriers to offer shoppers a five year term life insurance policy.

Minnesota Life Underwriting Niches

  • Niches: Minnesota Life is a great option for certain niches that include tobacco and nicotine, high blood pressure, asthma, depression, anxiety, high cholesterol, sleep apnea, depression, anxiety & use of pain medication
  • Build: Shoppers who are over the maximum height and weight ratio can be considered for that risk class if no other health risks are present.
  • Tobacco: If you are an occasional cigarette smoker, you may qualify for Minnesota Life’s non-smoker rates if you use 12-24 times per year. When you apply, you have to admit to smoking and your urine from your medical exam needs to be negative for nicotine.

Minnesota Life Insurance Company History

Getting its start in 1880, the Minnesota Life Insurance Company is available in every state except New York. The Securian Financial Group is the parent company of not only the Minnesota Life Insurance Company but also the Securian Life Insurance Company. Minnesota Life has approximately $65 billion of managed assets.

Minnesota Life Advantage Elite Select Term Life Insurance

 Issue Ages:
16 – 80

Term Lengths:
5, 10, 15, 20 & 30 years

Coverage Amounts:
$100,000  MinimumCan I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • No Exam: If you’re interested Minnesota Life’s no medical exam option, you can opt for their Advantage Elite Select term life insurance. You’ll have to choose a benefit amount between $100,000 – $250,000 for their no exam option.
  • Medical Exam: A medical exam will be required if you’re needing coverage over $250,000.
  • Unique: Minnesota Life offers shoppers the option of a 5 year term life policy.

Minnesota Life Orion Indexed Universal Life Insurance

 Issue Ages:
18-54

Coverage Length:
Lifetime

Coverage Amounts:
Up to $250,000

Product Information

  • No Exam: With Minnesota Life’s WriteFit Underwriting there will be no labs or blood work.
  • Cash Value: The Minnesota Life Orion Indexed Universal life policy focuses on cash value accumulation.
  • Additional Universal Life Riders: Accidental Death Benefit, Children’s Term, Long Term Care, Waiver of Premium

Mutual of Omaha Life Insurance Company

mutual of omaha best life insurance company

Mutual of Omaha Financial Strength

  • A.M. Best: A+
  • S&P: A+
  • Moody’s: A1
  • Fitch:  N/A

Mutual of Omaha Company Facts

  • Founded: 1909
  • Located: Omaha, Nebraska

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance

Mutual of Omaha Company Notes

  • Riders: Mutual of Omaha has term riders available to customize your policy. These riders include: Conversion option, Accelerated Death Benefit, Child Term Rider, Accidental Death, Disability and Waiver of Premium rider.
  • Options: Mutual of Omaha provides shoppers the choice of Medical Exam and No Medical Exam options.
  • Timing: Unfortunately, Mutual of Omaha is a little slower than the average life insurance company when it comes to application turnaround time.

Mutual of Omaha Underwriting Niches

  • Niches: Mutual of Omaha is a good choice for shoppers with a history of mild asthma, mild sleep apnea, hypertension and cholesterol.
  • Fit Underwriting Credit Program: This program benefits Mutual of Omaha clients who would normally be classified below a standard health class rating.
  • Credits: Mutual of Omaha provides 14 lifestyle and health credits. If you possesses characteristics identified as three or more of the credits then the client will be eligible for a better rate class (up to two table ratings).
  • Family History: Mutual of Omaha will not penalize a risky family history if you’re over the age of 60.

Mutual of Omaha Life Insurance Company History

Getting their start in 1909 with the name Mutual Benefit Health & Accident Association and growing quickly to 15 states. Mutual Benefit Health and Accident Association expanded to 48 states by 1939. The company name changed to Mutual of Omaha in 1950 and their life insurance business is issued by United of Omaha Life Insurance Company.

Mutual of Omaha Term Life Answers Life Insurance

 Issue Ages:
18-80

Term Lengths:
10, 15, 20 & 30 years

Coverage Amounts:
$100,000 MinimumCan I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Term Life with No Exam: If a No Exam option is needed, Mutual of Omaha’s Term Life Express is available to life insurance shoppers. Term Life Express has face amounts from $25,000 to $300,000 up to age 50 and up to $250,000 to age 65.
  • For shoppers over 65, Mutual of Omaha’s Term Life Answers is available. It is a fully underwritten policy with a medical exam option.

Mutual of Omaha Term Life Sample Quotes

Mutual of Omaha’s Term Life Answers (medical exam) quotes are for the $500,000 & $1 Million columns below & based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. The $100,000 quotes are for the Term Life Express (No Exam) are based on Standard monthly rates.

Age$100,000$500,000$1,000,000
30$20.65*$21.61$37.80
40$34.89*$33.42$59.68
50$72.36$85.08$161.18
60$191.97$249.55$481.83

Mutual of Omaha Guaranteed Universal Life Insurance

 Issue Ages:
18-85

Coverage Lengths:
Up to Age 121

Coverage Amounts:
$25,000 – $100,000 MinimumDoes this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Options:  Mutual of Omaha offers 2 Guaranteed UL policies
  • Guaranteed UL (GUL): Minimum death benefit $50,000 for ages 66-85; $100,000 for ages 15-85
  • Guaranteed Universal Life Express (GUL Express): Benefit amounts $25,000 – $99,999 ages 18-65 ; $100,000 – $300,000 ages 18-50 ; $100,000 – $250,000 ages 51-65.
  • GUL Riders:  Accelerated Death Benefit, Chronic Illness Rider, Terminal Illness Rider, Disability waiver of policy charges rider, Dependent Children’s rider

Mutual of Omaha Guaranteed Universal Life Insurance Sample Quotes

Mutual of Omaha Guaranteed Universal Life Insurance pricing samples below are based on life insurance policy rates to Age 121 for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$46.52$204.88$395.25
40$67.11$293.32$564.32
50$99.97$440.59$849.54
60$171.10$762$1500

Mutual of Omaha Living Promise Whole Life (Final Expense)

 Issue Ages:
18-85

Coverage Lengths:
Lifetime

Coverage Amounts:
$2,000 MinimumIs there a No Medical Exam option? YES

Product Information

  • Simplified Issue Policy: Shoppers can qualify for Mutual of Omaha’s Living Promise Whole Life with either a Level Benefit or Graded Benefit.
  • Level Benefit: With a Level Benefit, Mutual of Omaha will pay the full benefit amount from day one. Level Benefit coverage amounts are from $2,000 to $40,000.
  • Graded Benefit: With a Graded Benefit, Mutual of Omaha will pay 110% of the premiums for death due to natural causes in the policy’s first 2 years. The Graded Benefit also will pay the entire death benefit if death is caused from an accident OR after 2 years of the policy in force. Graded coverage amounts are from $2,000 to $20,000.

Mutual of Omaha Living Promise Level Benefit Sample Quotes

Mutual of Omaha Living Promise Whole Life Level Benefit pricing samples below are based on Level Benefit qualifying questions. Samples are based on Monthly Rates.

Age$5,000$20,000$40,000
50$16.18$55.11$107.01
60$22.98$82.31$161.41
70$38.45$144.20$285.19
80$67.93$262.11$521.01

Mutual of Omaha Living Promise Graded Benefit Sample Quotes

Mutual of Omaha Living Promise Whole Life Graded Benefit pricing samples below are based on Graded Benefit qualifying questions. Samples are based on Monthly Rates.

Age$2,000$10,000$20,000
50$11.79$46.15$89.09
60$17.49$74.63$146.05
70$26.52$119.79$236.38
80$53.40$254.18$505.16

 

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National Life Group Insurance Company

National Life Group Insurance Company

National Life Group Financial Strength

  • A.M. Best: A
  • S&P: A
  • Moody’s: A2
  • Fitch:  N/A

National Life Group Company Facts

  • Founded: 1848
  • Located: Montpelier, Vermont

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Indexed Universal Life Insurance
  • Variable Universal Life Insurance
  • Whole Life Insurance

National Life Group Company Notes

  • Annual Renewable Term: National Life Group is one of the few life insurance companies that offers shoppers annual renewable term insurance.
  • Conversion: National Life Group allows their policyholders to convert to issue age for the first five years of the term policy, otherwise the policy converts at your attained age.
  • Credit: If you convert your National Life Group term policy at your attained age, you may be eligible for up to a 12% term life conversion credit.

National Life Group Underwriting Niches

  • Conservative: National Life Group is relatively conservative with their underwriting and doesn’t show any particular strength with a specific risk. We’ll be following up and updating this guide if an underwriting niche happens to change.

National Life Group Insurance Company History

The National Life Group has been protecting the finances of its customers for over a century. Its founders started National Life Group over 170 years ago and started one of the very 1st mutual life insurance companies in the U.S. Fast forward to today and National Life Group is a Fortune 1000 company with over 840,000 customers.

National Life Group Guaranteed Level Term Series

 Issue Ages:
20-70

Term Lengths:
10, 15, & 20 years

Coverage Amounts:
$100,000 MinimumCan I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? NO

Product Information

  • National Life Group Guaranteed Level Term Series is an ideal term life product for shoppers who are wanting to buy term life insurance at a low initial cost with the option to convert to another permanent life insurance product sometime in the future, without any additional evidence of insurability.
  • National Life Group Guaranteed Level Term Series is also a good choice for shoppers interested in buying term life insurance that, in combination with their Accelerated Benefit Rider, provides living benefits if a chronic or terminal illness is diagnosed.

National Life Group SecurePlus Provider IUL Universal Life Insurance

 Issue Ages:
0-85

Coverage Length:
Lifetime

Coverage Amounts:
$25,000 Minimum

Product Information

  • National Life Group’s SecurePlus Provider IUL is setup to be overfunded, with a focus on cash value accumulation to be used for an income stream later in life.
  • Using the various interest crediting strategies available, you can select a fixed account which provides a 2% minimum interest rate. There is also a guaranteed 100% participation rate. This is based on the S&P 500 equity index.

National Life Group LifeBuilder Whole Life Insurance

 Issue Ages:
0-85

Coverage Length:
Lifetime

Coverage Amounts:
$25,000 Minimum

Product Information

  • Options: National Life Group’s LifeBuilder Whole Life insurance provides limited pay life insurance options that include a 10 Pay, 15 Pay, 20 Pay, and a Paid up at age 65.
  • Guarantees: National Life Group has some of the best whole life insurance benefits. NLG has three guarantees that include a Guaranteed death benefit, Guaranteed cash accumulation and Guaranteed level premiums.
  • Riders: NLG also has many life insurance riders available to customize your policy. They include the ABR Terminal, Chronic, Critical Accidental Death Benefit, Additional Insurance Option, Annual/Single Premium Additions, Beneficiary Insurance Option, Exchange to New Insured, Flex Term, Qualified Plan Exchange Privilege, Term Riders, Waiver of Planned Premium.

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Nationwide Life Insurance Company

nationwide life insurance company

Nationwide Financial Strength

  • A.M. Best: A+
  • S&P: A+
  • Moody’s: A1
  • Fitch:  N/A

Nationwide Company Facts

  • Founded: 1926
  • Located: Columbus, Ohio

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance
  • Whole Life Insurance

Nationwide Company Notes

  • Options: When it comes to life insurance policies, Nationwide most likely has what you need with almost every objective imaginable. Nationwide’s rates are very competitive. Their brand as well as their financial strength are among the top life insurance companies in the country.
  • Unique Conversion: With Nationwide, if you bought term coverage within the last 3 years from another life insurance company, you can convert you other policy for a Nationwide permanent life insurance policy.

Nationwide Underwriting Niches

  • Nationwide provided competitive Standard underwriting for Traumatic Brain Injury, controlled diabetes, coronary artery disease and a history of breast cancer. 
  • They also have competitive underwriting for Barrett’s esophagus, hypertension and abnormal liver function tests. With Nationwide, you may get approved at Preferred rates with these conditions.

Nationwide Company History

The Nationwide Insurance company got their start as the Ohio Farm Bureau Federation. In 1955, the Ohio Farm Bureau Federation changed their company name to Nationwide Insurance. Nationwide is a top life insurance company and one of the twenty largest life insurance companies in our country.

Nationwide YourLife Guaranteed Level Term

 Issue Ages:
18-70

Term Lengths:
10, 15, 20 & 30 year terms

Coverage Amounts:
$100,000 – $5 MillionCan I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? NO

Product Information

  • Riders: Life insurance riders that are available with Nationwide’s YourLife Term policies include an accelerated or living death benefit rider, spouse rider, child rider, and the waiver of premium rider.
  • Spouse: Nationwide’s spouse rider is fairly unique and not available with most life insurance companies.

Nationwide YourLife Guaranteed Level Term Sample Quotes

Nationwide YourLife Guaranteed Level Term pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$14$32$55
40$17$34$76
50$35$79$148
60$81$280$501

Nationwide YourLife No Lapse Guarantee Universal Life

 Issue Ages:
18-85

Coverage Length:
Lifetime

Coverage Amounts:
$100,000 Minimum

Product Information

  • With the Nationwide YourLife No Lapse guaranteed universal life insurance policy, you’re getting a policy that is designed to provide you with a fixed life insurance premium as well as a guaranteed death benefit to age 120.
  • The Nationwide YourLife No Lapse GUL has a 3% interest rate over the policy’s life. Their life insurance riders are the same as whole life, but with a few extras such as: Long-Term Care, Guaranteed Minimum Cash Value, Waiver of Premium, Over Loan Protection.

Nationwide YourLife WL 100 Whole Life Insurance

 Issue Ages:
18-80

Coverage Length:
Lifetime

Coverage Amounts:
$10,000 Minimum

Product Information

  • The Nationwide YourLife WL 100 Whole Life insurance policy is similar to other top life insurance companies whole life policies. Your Whole life policy will generally increase in value over its duration. Your whole life policy can be cashed out when you reach the maximum benefit level.
  • There are several riders available with the Nationwide YourLife WL 100 whole life policy that includes the Child Protection, Disability, Accidental Death Benefit, Guaranteed Insurance, No Lapse Guarantee, Accelerated or Living Death Benefit, and Spouse Protection.

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North American Life Insurance Company

North American Life Insurance Company

North American Financial Strength

  • A.M. Best: A+
  • S&P: A+
  • Moody’s: N/A
  • Fitch:  N/A

North American Life Insurance Company Facts

  • Founded: 1886
  • Located: Sioux Falls, South Dakota

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Indexed Universal Life Insurance

North American Life Insurance Company Notes

  • Private: North American Insurance is a privately owned life insurance company which allows them to invest in more secure assets.
  • WriteAway accelerated underwriting program: For shoppers who don’t want a medical exam, North American offers an option to avoid invasive lab tests and paramedical exams. Applicants ages 50 and under are eligible and can get life insurance approvals in approximately 48-72 hours.

North American Underwriting Niches

  • Ages: North American can insure clients up to the age of 85. They’re a great option for seniors.
  • Cholesterol: Prospective shoppers with Cholesterol levels up to 300 may qualify for the Preferred Best rate class
  • Blood Pressure: Prospective shoppers that receive Blood pressure treatment may still qualify for the Preferred Best rate class.

North American Life Insurance Company History

The North American Life Insurance Company started out in 1886. With over 130 years in the business, North American has been a top life insurance company who provides great products and service. Fast forward to today and North American Company has over 550,000 annuity and life insurance policy holders. They have total assets that have gone over $18 billion and is a Top 100 in Forbes list of America’s Largest Private Companies.

North American ADDvantage Term Life Insurance

 Issue Ages:
18-75

Term Lengths:
10, 15, 20 & 30 year terms

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Payment: North American is one of the few life insurance carriers that allows you to pay with a credit card.
  • Riders: North American offers the term life policy riders of both waiver of premium and child term rider. They also include with the their Accelerated Death Benefit Rider with your term policy. A spouse rider is also available and is fairly unique and not available with most companies.

North American ADDvantage Term Life Insurance Sample Quotes

North American ADDvantage Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$11.29$22.44$39.16
40$13.55$33.44$60.28
50$23.58$79.20$150.92
60$57.38$218.68$427.24

North American LifeVue Simplified Issue Term Life Insurance

 Issue Ages:
18-50

Term Lengths:
10, 15, 20, & 30 year terms

Coverage Amounts:
$50,000 – $500,000

Product Information

  • This is North American Company’s No Medical Exam Term Life Insurance option.
  • There is no paramed exam, no urine sample or needles and you don’t have to see a nurse or doctor.
  • Your life insurance policy can be approved in less than 30 minutes.
  • The policy comes with an Accelerated Death Benefit.

North American Custom Guarantee Universal Life Insurance

 Issue Ages:
18-50

Term Lengths:
10, 15, 20, & 30 year terms

Coverage Amounts:
$50,000 – $500,000

Product Information

  • This is North American Company’s Guaranteed Universal Life policy (GUL).
  • North American’s GUL policy provides clients with a guaranteed death benefit up to age 120
  • There are no premiums are due after age 100 and the policy is guaranteed not to lapse as long as premiums are paid.

North American Custom Guarantee Universal Life Insurance Sample Quotes

North American Custom Guarantee Universal Life Insurance pricing samples below are based on GUL to Age 121 for a healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$200,000$500,000
30$42$95$185
40$58$135$265
50$92$220$435
60$147$358$710

 

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Principal National Life Insurance Company

principal best life insurance company

Principal National Financial Strength

  • A.M. Best: A+
  • S&P: A+
  • Moody’s: A1
  • Fitch:  A1

Principal National Company Facts

  • Founded: 1879
  • Located: Des Moines, Iowa

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance

Principal National Company Notes

  • Accelerated Underwriting: Principal provides a no fluids and streamlined underwriting process that is available to healthy shoppers seeking up to $1 Million in coverage on any Principal Financial term or permanent product. Approximately 50% to 60% of shoppers can qualify for the Principal accelerated underwriting process.
  • Riders: Principal Financial has one of the industry’s most robust Exclusion Riders available.
  • Application: The application process with Principal is excellent. It is one of the most efficient life insurance applications when compared to all the other the top life insurance companies.

Principal National Underwriting Niches

  • Healthy Credits: Principal uses theirHealthy Life Style Credits process for some impaired risk cases. This means that it can be used on rated cases which can be improved to Standard and improve Standard cases into Preferred cases.
  • Health risks: Excellent underwriting for Family History, Weight Loss, High Blood Pressure, and High Cholesterol.

Principal National Life Insurance Company History

Principal National is one of the oldest life insurance companies in business today. Principal started in the life insurance business in 1879 under the name Bankers Life Association. Today, Principal is a member of the Fortune 500, has over $629 Billion in assets under management and was named 1 of the World’s Most Ethical Companies as well as America’s Best Employers.

Principal Term Life Insurance

 Issue Ages:
18-75

Term Lengths:
10, 15, 20 & 30 year terms

Coverage Amounts:
$200,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Accelerated Underwriting: With Principal National accelerated underwriting program, shoppers can have their application approved with a no medical exam life insurance policy at a preferred plus rate class in forty eight hours or less.
  • Data: The Principal program uses data to determine your eligibility for the Accelerated Underwriting product by analyzing three different areas. The Principal Accelerated Underwriting program works by assessing information using the (a) medical information bureau MIB, (b) the department of motor vehicle reports, and (c) the prescription medication database.

Principal Term Life Insurance Sample Quotes

Principal Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$200,000$500,000$1,000,000
30$13.04$22.75$38.50
40$16.54$31.50$55.56
50$35.40$78.66$147.88
60$89.34$213.50$418.78

Principal Universal Life Protector IV GUL

 Issue Ages:
0-85

Coverage Lengths:
To Age 121

Coverage Amounts:
Minimum of $25,000 – $50,000

Product Information

  • Ages & Amounts: The Principal Universal Life Protector IV universal life insurance policy is available for shoppers between the ages of 0 – 85.  The coverage amount minimums are $25,000 for ages 0-19 and $50,000 for ages 20-85.
  • Fast Underwriting: Your policy can be approved quickly with the Principal Accelerated Underwriting process. This option is for healthy qualified applicants.
  • Options: Principal offers three different and unique death benefit options compared to most top life insurance companies. You can opt for a (1) traditional level death benefit  (2) an increasing death benefit, or (3) a level death benefit with return of premium (ROP) minus any cash withdrawals.

Principal Universal Life Protector IV Life Insurance Sample Quotes

Principal Universal Life Protector IV GUL pricing samples below are based on GUL to Age 121 for a healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Annual Rates.

Age$100,000$200,000$500,000
30$503$1005$2513
40$711$1422$3555
50$1068$2136$5340
60$1770$3540$8850

 

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Protective Life Insurance Company

protective life insurance company

Protective Financial Strength

  • A.M. Best: A+
  • S&P: AA-
  • Moody’s: A2
  • Fitch:  A+

Protective Life Company Facts

  • Founded: 1907
  • Located: Birmingham, Alabama

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance

Protective Life Company Notes

  • Service: Protective Life has excellent customer service. All of your life insurance application paperwork can be completed digitally. Once everything is done, your life insurance policy can be delivered digitally by email.
  • Unique: Protective Life provides shoppers a unique universal life insurance policy that performs like a term life policy until the term’s end. At the end of the term it converts to a permanent life insurance policy for the same price.
  • Benefit Options: Protect offers their Income Provider option that provides you the ability to choose from a combination of income stream payout and lump sum payout for your policy’s beneficiaries.

Protective Life Underwriting Niches

  • Good: Protective Life is a good choice for foreign nationals, Diabetes, Family history and Private Airplane Pilots ages 27 – 65.
  • Great: Protective Life is great choice for heart related issues.

Protective Life Insurance Company History

The Protective Life Insurance Company got its start in 1907. Over the next decade it acquired an additional life insurance company named Alabama National. In 1993, Protective Life became a public company and is an A.M. Best A+ rated company. Currently, Protective Life has over $68 billion in assets.

Protective Classic Choice Term Life Insurance

 Issue Ages:
18-75

Term Lengths:
10, 15, 20, 25 & 30 year terms

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? POSSIBLY

Product Information

  • Fast: Protective uses their TeleLife e-application process which is the fastest fully underwritten process in the life insurance market today. TeleLife is run entirely on electronic feeds. Protective Life will order the APS at the same time as the medical exam shaving weeks off the process. We’re seeing approvals in 25 days after Protective gets in contact with you!
  • No Exam Conversion: Protective provides shoppers the option to convert to a permanent policy without a medical exam if your life insurance needs happen to change.

Protective Classic Choice Term Life Insurance Sample Quotes

Protective Classic Choice Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$9.03$20.21$33.97
40$10.92$28.38$51.17
50$22.27$75.68$142.33
60$53.23$205.97$396.03

Protective Custom Choice UL Term Life Insurance

 Issue Ages:
18-75

Term Lengths:
10, 15, 20, 25 30 & Lifetime

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? POSSIBLY

Product Information

  • No Exam Possible: Protective Life agents will use a TeleLife interview over the phone. After the necessary details from the interview are collected, there are a couple ways underwriting can proceed. (1) Accelerated underwriting option where your policy can be issued without the need for an exam or labs. (2) Traditional underwriting procedure where you need to take an exam.
  • Unique:  Protective Custom Choice UL Term Life Insurance has the features of term life but when it expires it will convert automatically to Protective’s universal life insurance. I will have a reducing benefit amount for the same premium payment.

Protective Custom Choice UL Term Life Insurance Sample Quotes

Protective Custom Choice UL Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$9.17$20.38$34.99
40$11.10$28.92$51.99
50$22.59$76.86$143.84
60$53.86$207.96$400.83

 

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Prudential Life Insurance Company

prudential best life insurance company

Prudential Life Financial Strength

  • A.M. Best: A+
  • S&P: AA-
  • Moody’s: A1
  • Fitch:  A+

Prudential Life Company Facts

  • Founded: 1875
  • Located: Newark, New Jersey

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance
  • Whole Life Insurance

Prudential Life Company Notes

  • Underwriting: Prudential is among the top life insurance companies in terms of their underwriting shoppers with complicated medical histories.
  • Top Ranked: Prudential Life was named the number one Life or Health Insurance company from Fortune Magazine’s 2016 “World’s Most Admired Companies” ranking.
  • Ethical: Ethisphere Institute named Prudential Life as the World’s Most Ethical Company in 2015.

Prudential Life Underwriting Niches

  • Smokers: Shoppers may qualify for Standard Plus Non Smoker rates if you use Smokeless Tobacco.
  • Marijuana: Do you use Medical Marijuana? You may qualify for Preferred Plus rates!
  • Sleep Apnea: Prudential is one of the only companies that will approve Preferred on a sleep apnea case when the insured uses a CPAP machine. They might be the only carrier in fact.
  • Build: For shoppers age 60 and over, Prudential is one of the few life insurance companies who has a special build chart for older clients.
  • DUI: Prudential is one of the better carriers for 1 or more DUIs.

Prudential Life Insurance Company History

The Prudential Life insurance company has been in the industry starting back in 1875. Prudential started out as a mutual life insurance company which was owned by their policyholders, but now is controlled by stockholders. With over $13 billion in life insurance premiums, Prudential is considered one of the top life insurance companies in the country.

Prudential Term Essential Life Insurance

 Issue Ages:
18-75

Term Lengths:
10, 15, 20, & 30 year terms

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? NO

Product Information

  • Living Benefits: The Prudential Term Essential Life Insurance policy includes a unique “Living Needs Benefit” which provides you some coverage if you’re diagnosed with a chronic illness or terminal illness.
  • Speed: The Prudential Term Essential Life Insurance is typically faster than the industry average application approval. It’s approved in approximately 23 days.

Prudential Term Essential Life Insurance Sample Quotes

Prudential Term Essential Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$15.31$33.25$48.56
40$17.50$41.56$70.44
50$22.27$75.68$157.94
60$60.99$250.25$467.69

Prudential PruLife UL Protector Universal Life Insurance

 Issue Ages:
0-85

Coverage Lengths:
To Age 121

Coverage Amounts:
$100,000 – $1 Million +

Product Information

  • Guaranteed Coverage: With the Prudential PruLife Universal Protector Universal Life Insurance you’re getting a guaranteed death benefit to virtually any age. If choose a longer coverage guarantee, your premium payments will be higher. This policy is not really designed for optimal cash value growth because any loans or withdrawals you take can effect the guarantee if not paid back. A lifetime guarantee means that your policy will pay out a death benefit for your beneficiary when you die just as long as you pay the lifetime no lapse guarantee premiums.

Prudential PruLife UL Protector Universal Life Insurance Sample Quotes

Prudential PruLife UL Protector Universal Life Insurance pricing samples below are based on GUL to Age 121 for a healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$200,000$500,000
30$54$97$194
40$76$140$281
50$110$207$430
60$182$352$727

 

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Sagicor Life Insurance Company

Sagicor Life Insurance Company

Sagicor Life Financial Strength

  • A.M. Best: A-
  • S&P: N/A
  • Moody’s: N/A
  • Fitch:  N/A

Sagicor Life Company Facts

  • Founded: 1840
  • Located: Scottsdale, Arizona

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Indexed Universal Life Insurance
  • Whole Life Insurance

Sagicor Life Company Notes

  • Risks: Sagicor Life has stricter than average underwriting for shoppers with significant health risks.
  • Fast: Sagicor uses their Accelewriting program for their term life, GUL and whole life insurance policies.
  • $1 Million: Sagicor is potentially now going up to $1 Million without a medical exam. They are offering up to $500,000 non-med and $500K – $1 Million Accelerated Underwriting if you qualify. If you don’t, you will have to have an exam.

Sagicor Life Underwriting Niches

  • Sagicor has pretty strict underwriting across the board when comparing underwriting to other top life insurance companies. This makes Sagicor a great option for applicants who are in excellent health.

Sagicor Life Insurance Company History

Starting out in Barbados in 1840, Sagicor LIfe is a part of Sagicor Financial. Sagicor began with the name The Barbados Mutual Life Assurance Society. Sagicor grew globally over the last century as they now conduct business in over twenty countries around the world.

Sage Term Life Insurance

 Issue Ages:
18-75

Term Lengths:
10, 15, & 20 year terms

Coverage Amounts:
$50,000 MinimumCan I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • No Medical Exam: Sagicor offers a no medical exam option. It is available for shoppers between the ages of 18 through 65 and for coverage amounts less than $500,000. You have the potential to get up to $1 million no exam coverage with the Sagicor Accelewriting Program.
  • Speed: Sagicor is faster than industry average with their application approvals.
  • Riders: Sagicor offers the Accelerated Death Benefit Rider, the Waiver of Premium Rider, and the Children’s Term Rider.

Sage Term Life Insurance Sample Quotes

Sage Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred health class rating. *Non Med rates are listed for $100K and $500K. Samples are based on Monthly Rates.

Age*$100,000*$500,000$1,000,000
30$11.41$29.94$51.49
40$14.26$45.29$80.60
50$32.03$108.06$209.33
60$90.03$390.73$725.14

Sage No Lapse NLUL Guaranteed Universal Life Insurance

 Issue Ages:
15 days – 85 years

Coverage Lengths:
To Age 121

Coverage Amounts:
Starts at $25,000Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • No Medical Exam: With the Sagicor Sage NLUL, shoppers can get up to $400,000 in Guaranteed Universal Life coverage with a 65 year old age limit.
  • Guaranteed Coverage: Sage NLUL offers shoppers a guaranteed fixed premium and death benefit to age 120.
  • Riders: Sagicor Life offers life insurance riders so you can customize your policy. They offer the Accelerated Death Benefit Rider, the Waiver of Premium Rider, as well as the Children’s Term Rider.

Sage NLUL No Exam Guaranteed Universal Life Insurance Sample Quotes

Sagicor Sage No Exam NLUL Guaranteed Universal Life Insurance pricing samples below are based on GUL to Age 121 for a healthy non-smoking man with a Preferred health class rating. Samples are based on Annual Rates.

Age$100,000$200,000$400,000
30$518$1036$1803
40$733$1467$2693
50$1191$2382$4406
60$1973$3946$7258

 

Instantly compare rates from dozens of top life insurance companies

SBLI Life Insurance Company

sbli best life insurance company

SBLI Financial Strength

  • A.M. Best: A
  • S&P: A-
  • Moody’s: N/A
  • Fitch:  N/A

SBLI Company Facts

  • Founded: 1907
  • Located: Woburn, Massachusetts

Life Insurance Products

  • Term Life Insurance
  • Whole Life Insurance

SBLI Company Notes

  • SBLI provides life insurance shoppers up to $500,000 without a medical exam. It’s a fully underwritten life insurance policy with pricing based on no lab work. SBLI is a great option for healthy and standard health situations, but not a great choice if you have any serious health risks.

SBLI Underwriting Niches

  • SBLI provides competitive underwriting for life insurance shoppers with specific health conditions such as hypertension, anxiety, and a family history of gender-specific cancers. 

SBLI Life Insurance Company History

SBLI, also know as the Savings Bank Life Insurance company, is an A rated company and was founded in 1907. Today, SBLI conducts business in 48 states and has over $125 billion in life insurance business.

SBLI Level Premium Term Life Insurance

 Issue Ages:
18-74

Term Lengths:
10, 15, 20, 25 & 30 year terms

Coverage Amounts:
$100,000 – $10 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • No Medical Exam: With SBLI, a no medical exam option is potentially available if you’re shopping for coverage amounts less than $500,000.
  • Speed: SBLI has faster than average application approvals when comparing them to other top life insurance companies.
  • Riders: SBLI provides the Accelerated Death Benefit rider free of charge for all life insurance applicants.

SBLI Level Term No Exam Life Insurance Sample Quotes

SBLI Level Term Life Insurance pricing samples below are based on 20-year no medical exam term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$200,000$500,000
30$9.92$13.57$21.32
40$12.15$18.04$34.97
50$24.63$43.00$87.00
60$64.34$122.42$286.85

 

Instantly compare rates from dozens of top life insurance companies

Symetra Life Insurance Company

Symetra Life Insurance Company

Symetra Life Financial Strength

  • A.M. Best: A
  • S&P: A
  • Moody’s: A2
  • Fitch: A

Symetra Life Company Facts

  • Founded: 1957
  • Located: Bellevue, Washington

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance

Symetra Life Company Notes

  • Symetra is a top life insurance company with great financial ratings. Symetra offers one of the best guaranteed universal life products in the marketplace. Symetra is a great choice when it comes to cigarette smokers who are shopping for life insurance and for those who have been a non smoker for at least 1 year.

Symetra Life Underwriting Niches

  • Family history: With Symetra, you may qualify for a Preferred Plus rate if you never had a parent or sibling who passed away prior to age 65 from cancer or heart disease. 
  • Tobacco use: If you haven’t used nicotine products within 12 months Symetra may approved you at standard plus rates.
  • Cholesterol level: You may qualify for Preferred Plus rates if you show a ratio of 4.5 and total cholesterol less than 300.
  • Blood pressure: A rating of Preferred Best best is possible for ages 20 – 50 with a maximum of 135/85. If you’re over the age of 51 a maximum of 140/90 is allowed.
  • Driving: Preferred Plus is possible for no more than two moving violations in past three years, and no DUI in the past ten years. 

Symetra Life Insurance Company History

The Symetra Life Insurance Company started out in 1957 as a subsidiary of Safeco. They began their business by offering not only life insurance, but also annuities, retirement plans, and employee benefits. Fast forward to today and Symetra has approximately $35 billion in assets.

Symetra Term Life Insurance

 Issue Ages:
20-80

Term Lengths:
10, 15, 20, & 30 year terms

Coverage Amounts:
$100,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? NO

Product Information

  • Conversion: With Symetra Term life insurance, you can convert your policy to a permanent life insurance policy or renew it annually. You also have the option to cancel it.
  • Riders: Symetra term provides shoppers an accelerated death benefit at no extra charge. With the ADB rider, you can access up to 75% of your policy’s benefit amount (maximum of $500,000) while you are still alive. You must be diagnosed with a terminal illness and given less than 12 months to live in order for the ADB rider to be used.

Symetra Term Life Insurance Sample Quotes

Symetra Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$500,000$750,000$1,000,000
30$24$33$41
40$37$52$65
50$88$130$168
60$269$401$523

Symetra UL-G Universal Life Insurance

 Issue Ages:
16 – 85 years

Coverage Lengths:
Lifetime

Coverage Amounts:
Starts at $100,000Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Universal Life: The Symetra UL-G policy is a universal life insurance policy. The policyholder will have some flexibility when it comes to their premium payments towards their death benefit as well as how much will go to their policy’s cash value growth.
  • Riders: Symetra has a number of optional life insurance riders available that can be added to customize your life insurance policy.
  • Premium Reduction: If you’re between the ages of 20 – 70, you may reduce the amount of your premium if you qualify for the GoodLife Rewards program.

Symetra UL-G Universal Life Insurance Sample Quotes

Symetra UL-G Universal Life Insurance pricing samples below are based on GUL to Age 121 for a healthy non-smoking man with a Super Preferred health class rating. Samples are based on Monthly Rates.

Age$100,000$200,000$500,000
30$59$119$188
40$77$153$278
50$98$196$383
60$153$306$658

 

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Transamerica Life Insurance Company

transamerica best life insurance company

Transamerica Life Financial Strength

  • A.M. Best: A+
  • S&P: AA-
  • Moody’s: A+
  • Fitch: A1

Transamerica Life Company Facts

  • Founded: 1904
  • Located: Cedar Rapids, Iowa

Life Insurance Products

  • Term Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance
  • Whole Life Insurance

Transamerica Life Company Notes

  • Transamerica is a top life insurance company that is a great option for older life insurance shoppers. Transamerica has strong financial ratings, comprehensive product offerings and great customer service.
  • Underwriting with Transamerica will be favorable to the majority of consumers and life insurance product variety is a huge advantage.

Symetra Life Underwriting Niches

  • Family history: With Symetra, you may qualify for a Preferred Plus rate if you never had a parent or sibling who passed away prior to age 65 from cancer or heart disease. 
  • Tobacco use: If you haven’t used nicotine products within 12 months Symetra may approved you at standard plus rates.
  • Cholesterol level: You may qualify for Preferred Plus rates if you show a ratio of 4.5 and total cholesterol less than 300.
  • Blood pressure: A rating of Preferred Best best is possible for ages 20 – 50 with a maximum of 135/85. If you’re over the age of 51 a maximum of 140/90 is allowed.
  • Driving: Preferred Plus is possible for no more than two moving violations in past three years, and no DUI in the past ten years. 

Transamerica Life Insurance Company History

Started in 1904, Transamerica is one of the world’s leading financial services companies, providing insurance, investments and more to 19.5 million customers.Today, Transamerica is a subsidiary of their parent company; Aegon N.V. Aegon is an international life insurance, pensions and asset management company with businesses in over 20 markets around the world.

Transamerica Trendsetter Super Series Term Life

 Issue Ages:
18-80

Term Lengths:
10, 15, 20, & 30 year terms

Coverage Amounts:
$20,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? NO

Product Information

  • No Exam: There is a No medical exam option with the Transamerica Trendsetter Super Series Term Life for applicants ages 18-60 and coverage amounts of $99,000 or less. If you’re looking for a No Exam option for $100,000 or more, there are other carriers to choose.

Transamerica Trendsetter Super Series Term Life Sample Quotes

Transamerica Trendsetter Super Series Term Life samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$11.18$23.65$39.56
40$16.25$44.72$80.84
50$27.69$95.46$178.02
60$64.41$253.70$483.32

Transamerica Trendsetter LB Living Benefits Term Life

 Issue Ages:
18-80

Term Lengths:
10, 15, 20, & 30 year terms

Coverage Amounts:
$20,000 – $1 Million +Can I convert to a Permanent product? YES Does this require a Medical Exam? YES Is there a No Medical Exam option? YES

Product Information

  • Living Benefits: The Transamerica Trendsetter LB (Living Benefits) has the same coverage limits as the Super Series, but it provides more extensive living benefits. The Living Benefits exist as a rider that allows you to receive some of the death benefit while you are still alive and diagnosed with a qualifying chronic, critical or terminal illness.
  • No Exam: There is a No medical exam option for applicants ages 18-60 and coverage amounts of $249,000 or less.

Transamerica Trendsetter LB Living Benefits Term Life

Transamerica Trendsetter LB Living Benefits Term Life samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred Plus health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$750,000
30$12.73$24.94$36.12
40$18.83$47.30$69.66
50$32.59$104.92$156.09
60$76.54$266.60$398.61

 

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United Home Life Insurance Company

United Home Life Insurance Company

United Home Life Financial Strength

  • A.M. Best: A-
  • S&P: N/A
  • Moody’s: N/A
  • Fitch: N/A

United Home Life Company Facts

  • Founded: 1948
  • Located: Indianapolis, Indiana

Life Insurance Products

  • Term Life Insurance
  • Whole Life Insurance

United Home Life Company Notes

  • No Exam: The United Home Life insurance company offers no medical exam products such as simplified issue, graded benefit, and guaranteed issue underwriting options.

United Home Life Underwriting Niches

  • Anyone who wants to avoid the medical exam may need to consider United Home Life.
  • Great option for those with significant medical impairments that may have a difficult time with most life insurance carriers.

United Home Life Insurance Company History

The United Home Life Insurance Company falls under the United Farm Family Life Insurance Company umbrella. United Home Life made its start in 1948. United Home Life focuses on shoppers ages 50 and over for their life insurance, burial insurance and final expense policies.

United Home Life Express Issue Deluxe Simplified Issue Whole Life

 Issue Ages:
20-80

Coverage Length:
Lifetime

Coverage Amounts:
$5,000 – $100,000Does this require a Medical Exam? NO Is there a No Medical Exam option?YES

Product Information

  • For benefit amounts from $5,000-$100,000, UHL offers coverage for ages 20-60.
  • For benefit amounts from $5,000-$50,000, UHL offers coverage for ages 61-80.
  • UHL includes a Terminal Illness Accelerated Benefit Rider with this policy.
  • A child rider and accidental death benefit rider is also available for this policy.

United Home Life Express Issue Whole Life Graded Benefit

 Issue Ages:
25-80

Coverage Length:
Lifetime

Coverage Amounts:
$2,000 – $25,000Does this require a Medical Exam? NO Is there a No Medical Exam option?YES

Product Information

  • With the United Home Life Express Issue Whole Life plan, there is a 2 year graded death benefit. If you die in year one: return of premiums plus 12% interest. If you die in year two: return of premium plus 24% interest. UHL will pay the full death benefit if the insured happens to die from an accidental death.
  • For coverage amounts of $10,000 or more UHL provides three included life insurance riders. These riders are the following:  hospital stay waiver of premium rider, identity theft waiver of premium rider, and a common carrier (plane, train bus, taxi) accidental death benefit rider.

 

Instantly compare rates from dozens of top life insurance companies

Must read

Life insurance companies

Did you find the company that is best for you? Need a little more help? Read below and get over 40 life insurance company reviews. 

life insurance companies reviewShopping for the best life insurance companies can feel like a daunting task for many shoppers.

There are literally hundreds of life insurance companies to choose from and nobody wants to buy from the worst life insurance companies.

Just know that finding the best life insurance company with the best rates doesn’t have to be complicated. You just need to know the best way to shop life insurance.

Read our comprehensive life insurance company reviews below and you’ll get a great idea on how to find the best company for your goals.

You’ll learn about the top life insurance companies, their strengths & weaknesses and if they are a good fit for your life insurance needs.

Tip: Get instant life insurance quotes now by simply completing our free quoter on the side of this post (Above if you’re on mobile). If you’re looking for our Life Insurance Companies Reviews, read our post below.

 

Best Life Insurance Companies

There are hundreds of life insurance companies in the market and they are all competing for your business.

This competition is a great opportunity for the educated and smart shopper.

Each of these life insurance companies is potentially the perfect fit for your life insurance needs. But, what is the best life insurance company? That is going to depend on many factors.

List of Life Insurance Companies

Our life insurance companies list is continuously growing. Each company is reviewed in detail and ranked by the top life insurance ratings groups. The names of life insurance companies listed below are done alphabetically – Not by rank.

Ranking Life Insurance Companies

Life Insurance Blog evaluated and reviewed dozens of life insurance companies.

We compared the most well known and largest life insurance companies (and many you never heard of) using their rankings.

Life Insurance CompanyA.M. BestS&PMoody’sFitch
Life Insurance CompanyA.M. BestS&PMoody’sFitch
5StarA-N/AN/AN/A
AAAA-N/AN/AN/A
AARPN/AN/AN/AN/A
AllstateA+A+A1N/A
American GeneralAA+A2A+
AmericoAN/AN/AN/A
American National ANICOAAN/AN/A
AssurityA-N/AN/AN/A
AXA EquitableA+A+Aa3AA-
BannerA+AA-N/AAA-
Costco Life InsuranceA+AA-A2A+
Fidelity LifeA-N/AN/AN/A
ForestersAN/AN/AN/A
Guardian LifeA++AA+Aa2AA+
GEICOA++AA+N/AN/A
GenworthA-BBB-Baa1N/A
GerberAAN/AN/A
Globe LifeA+N/AN/AAA-
Haven LifeA++AA+Aa2AA+
John HancockA+AA-A1AA-
ING ReliastarAAA2A
Liberty Bankers LifeB++N/AN/AN/A
Lincoln FinancialA+A+Aa2AA+
Mass MutualA++AA+Aa2AA+
MetLifeA+AA-Aa3AA-
Midland National A+A+N/AA+
Minnesota LifeA+A+AAAA-
Mutual of OmahaA+A+A1N/A
National Life GroupAA+A2N/A
NCEB++N/AN/AN/A
NationwideA+A+A1N/A
New York LifeA+AA-Aa3AA-
North AmericanA+A+N/AN/A
Pacific LifeA+AA-A1A+
Penn MutualA+A+Aa3N/A
Primerica LifeA+N/AN/AN/A
Principal LifeA+A+A1AA-
ProgressiveA+AAAa2AA
ProtectiveA+AA-A2A+
PrudentialA+AA-A1A+
SagicorA-N/AN/AN/A
SBLIAA-N/AN/A
State FarmA++AA+Aa1AA
SymetraAAA3A
TransamericaA+AA-A1A+
United Home LifeA-N/AN/AN/A
Vantis LifeA-BBB+N/AN/A
William PennA+N/AN/AN/A

Life Insurance Ratings

A.M. Best

A.M. Best Score: The most recognized and oldest of the comparison groups, AM Best’s mission is to report the financial stability of life insurers and the insurance industry.

  • A++ Superior
  • A+ Superior
  • A Excellent
  • A- Excellent
  • B++ Good
  • B+ Good
  • B Fair
  • B- Fair
  • C++ Weak
  • C+ Weak
  • C Weak
  • C- Poor
  • D Poor

Moody’s

Moody’s: The Moody’s system of rating was started by John Moody in the early 1900s with the purpose to provide investors with a basic system of gradation to gauge the creditworthiness of securities.

  • Aaa
  • Aa1
  • Aa2
  • Aa3
  • A1
  • A2
  • A3
  • Baa1
  • Baa2
  • Baa3
  • Ba1
  • Ba2
  • Ba3
  • B1
  • B2
  • B3
  • Caa1
  • Caa2
  • Caa3
  • Ca
  • C

Fitch Ratings

Fitch Ratings: The Fitch Group is a global leader in credit ratings, financial information services and research. Fitch Ratings is also a leader of providing independent credit ratings, research and commentary.

  • AAA
  • AA+
  • AA
  • AA–
  • A+
  • A
  • A–
  • BBB+
  • BBB
  • BBB–
  • BB+
  • BB
  • BB–
  • B+
  • B
  • B–
  • CCC
  • CC
  • C

Standard and Poor’s

Standard and Poor’s: Also referred to as the S&P, their ratings of life insurance companies are designed by a team of analysts who analyze data prior to issuing their rating.

  • AAA Superior
  • AA+ Excellent
  • AA
  • AA-
  • A+
  • A Good
  • A-
  • BBB Fair
  • BB Needs Improvement
  • B Barely acceptable
  • CCC Poor
  • CC Exceptionally poor
  • C Failing

How To Choose the Best Life Insurance Company?

When you’re looking to purchase life insurance…

there are many factors that will determine which company to choose.

These life insurance factors will help determine which companies to focus on and which ones to eliminate.

In other words- identifying the good life insurance companies from the bad.

There are some major questions that will need to be answered in order to know which life insurance companies to choose and which to avoid.

  • What is the type of life insurance you want?
  • How about the term length, death benefit amount, and potential riders?
  • How about your age, weight, lifestyle and health?

These answers play a huge role in which life insurance companies will offer, decline, or rate you up or down.

The combinations of all of these factors make finding the best life insurance company for your specific situation somewhat complicated for the average shopper.

If you are in perfect health, then it’s not a problem.  

However, most people have an issue or two that they are aware of.

Depending on the issue, it may cost you significantly more if you choose the wrong company.

An independent life insurance agent who has access to many life insurance companies will be able to research the best companies for you.

Policy types

One of the first steps to finding the right carrier will be determined by the type of life insurance you need.

There is such a large variety of life insurance policy types. You can first start by select between a term life or a permanent policy.

That’s just for starters.

Once you choose either term or permanent, you need to select additional options.

For example, you can select a basic term length or a return of premium policy.

If you chose a permanent policy- then you need to decide if you want a whole life or universal life insurance policy.

Some life insurance companies even offer a no medical exam option if you’d like to get a policy issue faster.

Carriers also provide life insurance riders for different life insurance policies. These riders provide you the ability to customize your policy. Some of these riders are included and some come at an extra cost.

Be aware that there are coverage limits to policies. Some policies and the companies have a minimum and maximum term length. Some companies may only provide 10 or 20 year term based on your age. The death benefits that are available also may have minimums to be aware of.

Just remember, no matter how great a company looks, you should be sure they can provide you the coverage you need before you apply. A good life insurance company will be able to do that for you.

Company options

Not every life insurance company will operate the exact same way. Each company has it’s own rules for qualifying as well as options.

It’s critical to find a company that that will meet your specific needs and you don’t want to end up with a company that is a pain to deal with.

Life insurance shoppers need to know just how life insurance companies work with today’s shoppers. It depends on the company, but some carriers are still in the stone age. Updating your policy or submitting applications are completed by snail mail or over the telephone. However, there are more and more modern carriers who conduct business online.

Make sure you work with a life insurance carrier that allows you to work the way you want to. The majority of reputable life insurance companies can accomplish this.

There’s more

Not only do you need to factor in the paper / phone / online options, you need to factor in how long the company takes to complete applications, underwriting and approve your policy.

From applying for your policy to securing coverage, the life insurance process can take almost 2 months to complete from beginning to end. However, many modern life insurance companies can get it done much faster.

If speed is important to you, your agent should research the companies that are typically faster compared to the slower companies.

Payment options are also important. How will you pay for your life insurance policy? Remember, if you miss a payment, your policy can lapse and you lose your coverage. The majority of life ins. companies accept checks. Most of the modern companies allow automatic bank drafts if you opt for a monthly payment. There are even a few carriers that allow you to pay with a credit card.

Which Life Insurance Company is Best?

Choosing the best life insurance companies can depend on so many things.

Watch this quick video and see 2 examples of how shoppers often choose the wrong life insurance company.

One shopper has perfect health and one has some health issues.  Both want $200,000 in life insurance, but their health class ratings will be different – and that’s where we help our clients: Finding the best companies based on your unique health and lifestyle.

Life Insurance Company Reviews

Life Insurance Blog has access to over 60 of the nation’s top life insurance companies. Above are reviews of life insurance companies that you need to be aware of.

You’ll find information on how they stack up from other life insurance companies. Our life insurance company reviews will provide you the strengths and weaknesses of those companies. Find out how their rates compare against the competition.

You’ll also learn how they rate certain health conditions.

What about your age?  Some life insurance companies may have competitive rates if you’re young, while other companies are more competitive at older age groups.

For more details about this topic, read our page life insurance rates by age. Are you ready to start your research of the top life insurance companies? Scroll up and read our reviews of some of the most well known life insurance companies in the market – as well as many you’ve probably never heard of.

Top Life Insurance Companies

Like we mentioned previously, the top life insurance companies for you will be determined by your individual health, needs and factors.

You can give us a call at 888-411-1329 for a personalized quote. You can also fill out our life insurance calculator instant quoter to compare rates.

We’ll help you research the best life insurance companies that you will qualify for. If you want to get an idea of rates online, just use our free quoter on this page. It’s simple, free and provides you instant life insurance quotes.

Top Fully Underwritten Life Insurance Companies

Below is a list of life insurance companies that offer great solutions for a variety of situations.

Fully underwritten term life policies require a medical exam. A fully underwritten policy will take approximately 6 weeks to get approved. If you’re in need of a quick approval, you’re going to want to focus on No Exam Life Insurance. We’ll go over No Exam life insurance companies right after fully underwritten companies.

All of the life insurance companies listed below are rated “A” or above by A.M. Best. This rating is a reflection on a company’s financial stability. 

Top Ten Best Life Insurance Companies

This list of best life insurance companies are listed in alphabetical order. The reason is that there is no “Number 1” company across the board for every single person. Each company has their strengths and weaknesses depending on your age, health, lifestyle, tobacco use and height/weight.

These Top 10 Best Life Insurance Companies are listed because of their value, frequency and history of low rates, and underwriting niches.

American General

The American General Life Insurance Company provides an all around life insurance solution for most people. They offer very competitive rates. American General also works well if you have a preexhisting health condition.  For cigar smokers, American General is an excellent choice. They offer non smoker rates for cigar smokers.

Banner Life

The Banner Life Insurance Company is a great choice even if you’ve never heard of them. They have been in the life insurance business since 1949. Banner Life provides extremely competitive rates for the majority of applicants. They are often in the top 3 for best life insurance rates. Banner is also a great choice for preexisting health conditions. Banner Life is a great choice for Type 2 diabetics.

Fidelity Life

Fidelity Life has been in operation for over a century and has been provided an “Excellent” security rating from A.M. Best. Fidelity Life now has over a hundred years experience. Fidelity Life is a leading life insurance provider who is dedicated to innovate with the use of current technologies. Fidelity works to meet the life insurance needs of their current and future customers.

Genworth Financial

The Genworth Life Insurance Company has been around since 1871. It has over $100 billion in assets and is available for more than 25 countries worldwide. Genworth provides a variety of products including whole life, term life and guaranteed universal life insurance. If you’re needing term life, Genworth has policies between 10 and 30 year term.

ING

ING Life Insurance rebranded into VOYA Financial in 2014 and is a great choice if you have a family history of cancer. ING looks at your personal health history and not your family’s. Most life insurance carriers look at family history and would rate you higher, say, if an immediate family member passed away from colon cancer. ING is also the go to company for SCUBA divers based on certain guidelines. For example, how deep you dive. Lastly, ING is great for individuals whose cholesterol levels are elevated.

MetLife

Metlife Insurance Company is a great choice when you’re looking for increased coverage amounts. When shopping for term life insurance benefits over $500,000, MetLife is a great company to look at and compare. MetLife will provide life insurance for active duty military members.

Principal

Principal Life is is a member of the FORTUNE 500 and is a global investment management leader in addition to an excellent life insurance company. Principal Life is one of the best life insurance companies when it comes to ratings and financials. They have received and “A” rating from all of the major independent reviewers which ranks them as one of the best rated life insurance carriers.

Protective

Protective Life offers some of the lowest term life insurance rates. It is also worth noting that Protective Life was given an A+ rating by A.M. Best. Protective has been in the life insurance business since 1907 and has more than $427 billion in active life insurance policies!

Prudential

The Prudential Life Insurance Company provides great rates and opportunities for coverage for several situations.  They are a great option for individuals with a DUI, tobacco users, as well as a host of preexisting health conditions. If you have had a history of bladder cancer, breast cancer, prostate cancer, thyroid cancer, coronary artery diseas, diabetes, elevated liver function, mood disorders, or hepatitis C – Prudential is a great choice. Prudential is a best rated life insurance company

Transamerica

The Transamerica Life Insurance Company is an excellent choice when basing rates on age. Transamerica is extremely competitive with most age ranges. However, they really shine for the senior age group. Transamerica is a great choice if you have High Blood Pressure, recent weight loss, have a family history or have had a heart attack.

Just a reminder: Which life insurance company is the best for one person may not be the best for the next person. The best life insurance company in the world may not offer YOU the best rate because every company looks at your health differently.

The top 18 No Exam life insurance companies

BEST LIFE INSURANCE COMPANIESWhat’s better than a Top 10? How about a Top 18?

Buying life insurance with no physical exam is becoming more popular due to convenience and speed. Sometimes shoppers are unaware how long a traditional life insurance policy takes (4-6 weeks or more) and want a policy quickly.

Click on 18 Best No Medical Exam Companies and learn everything you need to know about Non Medical Exam life insurance, companies and more! 

The good news is that no exam life insurance companies are available for you. If you’re looking to secure a policy quickly, here is a summary of the top 5 life insurance companies with no medical exam.

If you scroll down a little more, you can see our Top 18 No Medical Exam Life Insurance Companies infographic.

Foresters Financial

Foresters Financial received an “A” from A.M. Best who is renowned for their reviews of life insurance companies. They have deemed Foresters’ financial strength as excellent. Foresters approval of their non medical policy is approximately 10 minutes and comes with living benefits.

Principal

Principal Life offers the highest death benefit for a Non Medical Life Insurance policy. You can secure a $1,000,000 non med life insurance policy just as long as you are healthy. You must qualify for Principal’s preferred health classes. If not, you will have to take a medical exam for their life insurance policies.

Sagicor

Sagicor has a strong financial backing with an A.M. Best rating of A-. Their underwriting and approval process is fast. They are one of the quickest approvals. The entire application and approval process can take less than a half hour! Sagicor is a great choice for diabetic life insurance.

SBLI

SBLI offers a great non medical exam product with a maximum face amount of $500,000. The SBLI non med option is available for ages 18-60. The length of term available are 10, 15, 25, and 30 year terms. Unfortunately this is not available for the states of MT or NY.

Transamerica

With a strong track record of customer satisfaction, Transamerica is always in the running for the top life insurance company. Transamerica is a great choice for seniors looking for life insurance coverage. The living benefits option is a popular feature and Transamerica provides that with your policy.

top 18 no medical exam life insurance companies

 

How about other life insurance comparison websites? This can make your search even more confusing because there is so much information on the internet.  Here is a review of Select Quote, a large call center website which may or may not meet your needs.

Life Insurance Shopping – The Smart Way

Make sure you shop the smart way when looking for a life insurance policy. Each life insurance company is different in how they qualify you. That means that one company may be a better fit for you based on your unique situation.

Your age, health, family history, tobacco use, occupation, driving history and more are analyzed by these companies.

At LifeInsuranceBlog, we have access to dozens of top rated life insurance companies. We don’t work with just 1 or a few. We use all of these companies in order to find the ones that will be the best fit for you. We’ll find the life insurance companies that will provide you the best coverage at the best rate that you can qualify for.

Call us at 888-411-1329 today and let’s find out!

 

Required reading

How does the underwriting process work?

Underwriting can be a very complex subject for consumers. What are the underwriters looking at before they offer you a policy?

Underwriting

Learn how the underwriting process works.
Click Here

How do I find my health class rating?

Your health class rating will determine what you’ll ultimately pay once approved. Figure out your health rating before you get quotes.

Health Class

Will you be Preferred, Standard, or Table rated?
Click Here

How much life insurance do I need?

Too little life insurance can be a disaster and too much coverage can be a waste of money. Let’s figure out the appropriate amount.

How much?

Get the right amount of coverage.
Click Here

Additional reading

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