top life insurance companies in 2021

Best Life Insurance Companies that payout

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Are you looking for the top carriers and the best life insurance companies ratings? We’ve put together the internet’s biggest and best life insurance company review resource. With over 20,000 words of content, you’ll get everything you need to know to make an informed decision. Learn who are the Top 10 Life insurance companies for a variety of situations like: Term Life, No Medical Exam, Fastest to Approve…and more!

Table of Contents

Best Life Insurance Companies

5/5

2021 Best Life Insurance Companies That Payout 

Best Overall Insurance Company

Best No Exam Insurance Company

Best Guaranteed Issue Life Company

Fastest Insurance Company

Best Final Expense Insurance Company

Best Company for Health Conditions

Top 3 Life Insurance Companies in 2021

We regularly update our rankings of the best insurance companies based on an overall performance. We look rates, application simplicity, financial strength, coverage options and more.

Protective

#1
  • Fastest approvals
  • Great rates!
  • A+ A.M. Best
  • Online Application

AIG

#2
  • Electronic application
  • Emailed Policy
  • Fast approvals

Prudential

#3
  • Great for health risks
  • A+ A.M. Best rating
  • Online Application

#1

Protective

#3

Prudential

top 10 life insurance companies in 2021

No matter what type of policy you’re shopping for, we’ve evaluated the biggest and best life insurance companies in the United States. 

We’ve done the work for you and evaluated over 50 companies. Don’t buy a policy until you read this mega review resource. Make the right choice and purchase the right policy from the best company based on your unique needs, health and lifestyle. 

Which carriers made the top of our list of the best life insurance companies of 2021? Let’s get to it!

These Top 10 companies are listed because of their overall value. We evaluated their history of low rates, underwriting niches, financial stability, application approval speed and more.

  1. Protective Life
  2. AIG
  3. Prudential
  4. Lincoln Financial
  5. Banner
  6. Principal
  7. Sagicor
  8. Foresters
  9. Mutual of Omaha
  10. Transamerica

Grading The Top 10 Life Insurance Companies

Shoppers sometimes want to know who makes the cut for an insurance company. Understand that there is no definitive number 1 company across the board for every single person and situation. Every insurance company has their strengths and weaknesses. At the end of the day, the lowest rates will depend on your specific age, health, tobacco use and height/weight. We’ve analyzed all of those factors for you with our updated 2021 rankings.

protective life insurance company
A.M. Best: A+
Moody's: A2
Fitch: A+
Standard & Poor’s: AA–
#1

Protective

Protective Life offers some of the lowest term life insurance rates. If you’re looking for great rates and options, Protective is one of the the best for life insurance.

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

Strengths: Speed: Protective’s TeleLife e-application is possibly the fastest fully underwritten process in the insurance market today. IPO Option: Protective’s “Income Provider Option” allows you to decrease your term premiums up to 25% if you agree to take the death benefit over time (instead of taking the traditional lump sum payment). 

Learn more: Protective Life Insurance Review

aig best life insurance company
A.M. Best: A+
Moody's: AA–
Fitch: AA–
Standard & Poor’s: AA–
#2

American General – AIG

The American General Life Insurance Company provides an all around insurance solution for most people. They offer very competitive rates. American General also works well if you have a preexhisting health condition.  

Strengths: For cigar smokers, American General is an excellent choice. They offer non smoker rates for cigar smokers.

Learn moreAmerican General Life Insurance Company Review

prudential best life insurance company
A.M. Best: A+
Moody's: A1
Fitch: A+
Standard & Poor’s: AA–
#3

Prudential

The Prudential Insurance Company provides great rates and opportunities for coverage for several situations.  

Strengths: 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 disease, diabetes, elevated liver function, mood disorders, or hepatitis C – Prudential is a great choice. Prudential is a top rated insurance company.

Learn morePrudential Life Insurance Company

lincoln financial best life insurance company
A.M. Best: A+
Moody's: Aa2
Fitch: AA+
Standard & Poor’s: A+
#4

Lincoln Financial

Lincoln National Corporation was founded in 1905 and is a Fortune 250 American holding company.

Strengths: Lincoln’s pricing is very competitive as well is their underwriting. On top of that, there could be no exam up to $1,000,000 if you’re under age 50 and can qualify. Underwriting strengths include non tobacco rates for cigars, pipes, and chewing tobacco. Great for hypertension, hypothyroidism – certain cancers; prostate, testicular, thyroid, uterine & cervical. Type 2 diabetes if over age of 70 with A1C 6% or lower. Hepatitis-C.

Learn more: Lincoln National Insurance Company Review

Strengths: Banner often has some of the lowest term rates on the market today (especially with Banner’s recent rate decrease. Banner provides extremely competitive rates for most age groups and are often in the top 3 for best rates. Banner is also a great choice for preexisting health conditions: A great choice for Type 2 diabetics; Family history of cancer; Epilepsy.

Learn more: Banner Life Insurance Company Review

principal best life insurance company
A.M. Best: A+
Moody's: A1
Fitch: AA–
Standard & Poor’s: A+
#6

Principal

Principal is is a member of the FORTUNE 500 and is a global investment management leader in addition to an excellent insurance company. Principal is one of the best insurance companies when it comes to ratings and financials. They have received excellent ratings from all of the major independent reviewers such as A.M. Best. These high marks ranks Principal as one of the best rated insurance carriers.

Strengths: Principal’s “Healthy Life Style Credits” allows you to improve one underwriting class. This can provide significant savings over the duration of the policy. They’re a good choice for Height/Weight as their build chart for older ages (65+) is better than most. Also good for Diabetes and those with Sleep Apnea.

Learn more: Principal Life Insurance Company Review

Sagicor Life Insurance Company
A.M. Best: A-
Moody's: N/A
Fitch: N/A
Standard & Poor’s: N/A
#7

Sagicor

The Sagicor Financial Corporation started in 1840. Sagicor may not be as familiar as some the insurance companies on this list, but for over 60 years they have provided excellent options for shoppers.

Strengths: Sagicor is a great no exam company. Sagicor has now increased their maximum benefit amount to $1 million without a medical exam (if you qualify). They offer up to $500,000 non-med and $500,000 to $1 million Accelerated Underwriting (exam is possible based on qualifying).

Learn more: Sagicor Life Insurance Company Review

Foresters Financial Life Insurance Company
A.M. Best: A
Moody's: N/A
Fitch: N/A
Standard & Poor’s: N/A
#8

Foresters

Founded in 1874, Foresters Life Insurance Company has over 135 years of experience providing insurance shoppers with wealth accumulation and protection products.

Learn more: Foresters Life Insurance Company Review

Strengths: Foresters makes our Top 10 list due to their fast underwriting and excellent products. With Foresters, your application and policy can be issued faster than the competition. With the Foresters Your Term No Exam policy – a decision is frequently made within minutes. Foresters underwriting wait time is usually one of the fastest compared to the top 10 companies.

mutual of omaha best life insurance company
A.M. Best: A+
Moody's: A1
Fitch: N/A
Standard & Poor’s: A+
#9

Mutual of Omaha

Mutual of Omaha began as Mutual Benefit Health & Accident Association in 1909. United of Omaha is an affiliate of Mutual of Omaha. They’re a solid company that excels at offering coverage for those with family health history challenges. They are the only company that underwrites based on death (not diagnosis).

Learn more: Mutual of Omaha Company Review

Strengths: Mutual of Omaha provides Accelerated Underwriting. They’re good for those with a Driving Record & speeding tickets, Family Health History, and Healthy Individuals. United of Omaha is a great choice as they provide coverage for those with impaired risks and family health history situations. They are the only company that underwrites based on death (not diagnosis).

transamerica best life insurance company
A.M. Best: A+
Moody's: A1
Fitch: A+
Standard & Poor’s: AA-
#10

Transamerica

The Transamerica Insurance Company has been in the insurance top 10 lists for many years. They have over $130 billion in total assets, with over $6 billion in reserves. It’s safe to say they’re financially strong and will be around when you need them most.

Strengths: Transamerica 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.

Learn more: Transamerica Life Insurance Company Review

Our Honorable Mention Companies

Here are the “Best of the Rest“. Click on any of the companies below for more details. Companies are ranked in alphabetical order. We rate companies based on the carrier’s financial strength, rates, policy choices and more.

AAA has been in business for over a century and has a great reputation for excellent customer service.

Insurance is sold by New York Life which is an excellent insurance company.

Accordia

Accordia is rated as an A- from A.M. Best and has over 30 billion in assets.

Aetna offers several types of insurance including Medigap. Life insurance is a major product with Aetna.

Aflac

Aflac is a highly respected insurance company with high marks from the BBB & rating services.

Allianz

A great company that also focuses on retirement and income production products.

Allied

Allied Insurance has an A+ A.M. Best Rating & offers homeowner’s insurance, auto insurance, personal protection, and life insurance

Allstate is one of the most trusted insurance companies in the market. You’re in good hands with Allstate!

American General

One of the biggest insurance companies in the marketplace, American General is part of AIG.

American Income Life

With an A+ from A.M. Best, American Income Life Insurance Company has paid out more than $172 million in life insurance claims.

Americo provides excellent final expense, burial insurance products, and has competitive rates on their other insurance options.

Ameritas

One of the best insurance companies for disability insurance and a great option if traditional insurance isn’t available.

Amica Life

With an A+ from A.M. Best, Amica Mutual Group offers both insurance and annuity products.

A great company especially for anyone looking for no medical exam coverage.

Assurity is rated A- by the A.M. Best Company and has declared nearly $17.5 million in policyholder dividends.

AXA Equitable has been in business since 1859 & offers a wide range of insurance products and services to its customers

Baltimore Life

Baltimore Life Insurance Company was founded back in 1882 and has an A+ grade with the Better Business Bureau.

Bankers has a focus on the retirement income market with annuities instead of traditional products.

Cigna and their subsidiary Loyal American offer final expense coverage with their Level and Modified plans.

Cincinnati Life

 Cincinnati Life earned the distinction of one of Forbes Most Trustworthy Companies as of May 2017.

CNO Financial Group

CNO is a holding company & its subsidiaries include Bankers Life and Casualty, Colonial Penn and Washington National Insurance Company.

Columbus Life

Western and Southern Life Insurance Company, the parent company of Columbus Life, is considered one of the strongest insurance groups in the world.

EquiTrust

EquiTrust offers permanent insurance solutions with cash value growth.

Erie Life

The Erie Life Insurance Company was listed as number 411 on the 2016 Fortune 500 list.

Esurance

Owned by the Allstate Insurance Company, Esurance focuses on professionals and families who are in the 25 to 49 age group.

Family Life

The Family Life Insurance Company is a great company that focuses on the mortgage protection life insurance business.

Farm Bureau Life Insurance

The Farm Bureau Life Insurance Company provides several coverage options to choose from, including term and permanent insurance.

Farmers Insurance

Mostly known as a home insurer, Farmers ins an A+ company that also sells term and permanent policies.

Fidelity is rated A- from A.M. Best & has one of the fastest policies available- with their RAPIDecision system, you can get an accepted within 48 hours. 

Foresters

Want a policy issued quickly? Foresters sells one of the fastest insurance policies in the marketplace.

Forethought

A subsidiary of Global Atlantic Financial Group, Forethought Life Insurance Company, is rated A- from A.M. Best & offers several insurance products.

Mostly known as an auto and home insurer, GEICO also offers life insurance products. They received an A++ rated company from A.M. Best.

A leader with Whole & Guaranteed Issue life insurance products, Gerber also provides their Grow-Up Plan for children.

Globe Life and Accident Insurance Company is rated with an A+ by A.M. Best Company. Policy holders have access to policy info 24 hours per day.

The Great Western Insurance Company is a good guaranteed issue option especially for anyone between 40-50 years old.

Guarantee Trust Life

Guaranteed Trust Life is a great carrier for people with high risk conditions that can’t get approved for traditional underwriting.

An A++ rated company from A.M. Best, Guardian Life Insurance Company is a Fortune 250 global financial services company.

Hartford

Hartford focuses on property and casualty insurance, mutual funds and group benefits – they also offer insurance and retirement annuities.

Owned by MassMutual, Haven offers term insurance without having to go through a medical exam.

Illinois Mutual

Rated A- from A.M. Best, Illinois Mutual sells Whole, Term, Return of Premium Term, and Final Expense insurance.

Jackson National

With a focus on retirement annuities and investments, Jackson National also sells insurance and they’re rated A+ from A.M. Best.

One of the best and well known insurance companies available, John Hancock offers insurance products for almost any situation.

Liberty Mutual

Number 75 on the Fortune 500 list, the insurance sold by Liberty Mutual is issued by Liberty Life Assurance Company of Boston.

Mass Mutual

An A++ rated company by A.M. Best, MassMutual offers term and permanent policies & has approximately $675 billion in assets under management.

One of the most recognizable names in the industry, MetLife has a presence in nearly 50 different countries worldwide.

Minnesota Life offers great rates for a variety of situation, especially for anyone who recently quit smoking.

National Life Group is rated with an A from A.M. Best and offers products to both businesses and individuals.

The company who is famous for saying “Nationwide Is On Your Side”, they have an extensive list of insurance products and options to choose from.

An A+ rated company from A.M. Best, North American offers permanent and term insurance at great rates.

A leader in the No Medical Exam insurance industry, SBLI is rated A+ by A.M. Best.

Owned by parent company Sumitomo, Symetra is a Top 40 U.S. insurance company based on their admitted assets.

United Home Life Insurance Company has a motto of “Simplified Products – Faster Results” is rated A- by A.M. Best.

Voya Financial (formerly known as ING) has become an insurance and financial services industry leader.

10 Top Life Insurance Companies for __?

Here are our 10 top insurance companies lists for specific needs. 

Click on any of the companies to see who made the cut.

Insurance Companies Ratings

One question you may be asking is, “How are insurance companies rated?” 

It’s always smart to reference these agencies when looking for the best insurance companies by ratings. We refer to four of the top insurance rating companies like A.M. Best, Moody’s, Fitch and Standard & Poor’s as one of the factors in our overall rankings. We compared the most well known and largest insurance companies (and many you never heard of) by using their rankings.

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 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

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

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

Standard and Poor’s

Standard and Poor’s: Also referred to as the S&P, their ratings of the best 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

List of Life Insurance Companies

Let’s look at the ratings of over 50 of the top insurance companies. Our list is continuously growing. Each company below is reviewed in detail and ranked by the top insurance ratings groups. The names of insurance carriers listed below are done alphabetically – Not by rank.

Life Insurance Company Ratings

We’ve put together a huge list of company ratings for you. We’ve evaluated and reviewed dozens of carriers. Let’s see how they stack up to the competition.

best life insurance companies by ratings

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-
Brighthouse FinancialA+AA-Aa3AA-
Colonial PennA-BBB+N/ABBB+
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 NationalA+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
Phoenix LifeBB+N/AN/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
USAAA++AA+Aa1N/A
Vantis LifeA-BBB+N/AN/A
William PennA+N/AN/AN/A

Top Fully Underwritten Companies

Below is a list of insurance companies that require a medical exam. They offer great solutions for a variety of situations.

protective life insurance company
A.M. Best: A+
Moody's: A2
Fitch: A+
Standard & Poor’s: AA–
#1
aig best life insurance company
A.M. Best: A+
Moody's: AA–
Fitch: AA–
Standard & Poor’s: AA–
#2
prudential best life insurance company
A.M. Best: A+
Moody's: A1
Fitch: A+
Standard & Poor’s: AA–
#3
lincoln financial best life insurance company
A.M. Best: A+
Moody's: Aa2
Fitch: AA+
Standard & Poor’s: A+
#4
banner best life insurance company
A.M. Best: A+
Moody's: N/A
Fitch: AA–
Standard & Poor’s: AA+
#5

Fully underwritten term 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 Insurance. We’ll go over No Exam insurance companies right after fully underwritten companies.

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

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 insurance riders include: Child term rider up to $15,000 in coverage 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 has been in the insurance business for more than 100 years. Americo offers 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 – $400,000 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

  • 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%

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 Insurance
  • Universal Life Insurance
  • Whole Life Insurance

American National Notes

  • American National is one of the top accelerated underwriting insurance carriers in the market. For large insurance policies up to $1 million of coverage. ANICO provides their “Xpress Plus” which automates underwriting for the 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 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

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

Insurance Products

  • Term 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 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 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 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 features compared to most companies. Assurity offers conversions from term to permanent coverage, 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’s No Medical Exam term 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 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]

Their 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.

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

Insurance Products

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

AXA Equitable Notes

  • AXA Equitable offers consumers unique shorter term lengths like their 1 year annual renewable, 5, 10, 15, and 20 year term.
  • AXA Equitable Insurance Company is financially strong. They are great for specific situations tailored to consumers who require more permanent product types such as Whole & Universal policies. 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 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 duration 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 Company History

AXA Equitable is just one of a few 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 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 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 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 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.

 

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, 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 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 got its start in the Midwest over a century ago. Since that time, it has blossomed into a top company. How so? Fidelity has grown to over $515,000,000 in financial assets and over $23 billion in life insurance business. They are a great company 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 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, 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 pricing samples below are based on 20-year term 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 length 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

 

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

Insurance Products

  • Term Insurance
  • Whole Life Insurance
  • Guaranteed Issue

Gerber Life Insurance Notes

  • Term: Gerber offers term 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 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 insurance options. They are great for families on a budget or consumers who are uninsurable. They received an “A” life insurance company rating from A.M. Best. AM Best 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 $150,000 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

  • 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 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

 

 

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

Insurance Products

  • Term Insurance

Haven 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 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 Insurance Company History

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

Haven Life InstantTerm

 Issue Ages:
18-65 years old

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

Coverage Amounts:
Up to $2,000,000

Product Information

  • Haven offers one of the best, most affordable term 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.

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 Insurance
  • Universal 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 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

One of the largest companies in the marketplace, the John Hancock Life Insurance Company is a top company with over a century of policyholder claim payouts.  John Hancock is quite stable financially and a strong carrier based on several rating agencies. They even received a companies rating of A+ from A.M. Best. John Hancock had a $255 million net income at the end of 2015 and total deposits and 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 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 Insurance pricing samples below are based on 20-year term 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 products when 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 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

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 Insurance
  • UL Insurance
  • IUL Insurance
  • VUL Insurance

ING Reliastar / VOYA Financial Notes

  • TermSmart is the name of Voya Financial’s term policy.
  • 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 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 carriers and financial institutions could operate. VOYA is a company in its relative infancy when compared to the other top companies. ING Reliastar as they’re formally known, is a global company for 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 coverage. This is a great option if your needs happen to change in the future.
  • Medical Exam: Your Voya TermSmart policy is similar to the fully underwritten term policies found on our website. These term 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.

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 carriers to offer shoppers a five year term 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 their 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. They have 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  Minimum 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: If you’re interested Minnesota Life’s no medical exam option, you can opt for their Advantage Elite Select term plan. 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: They offer shoppers the option of a 5 year term 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 policy focuses on cash value accumulation.
  • Additional Universal Life Riders: Accidental Death Benefit, Children’s Term, Long Term Care, Waiver of Premium

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 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 company for active duty military personnel as well as those on reserve. They may approve applicants at Preferred rates even if they are being deployed in a war zone.
  • Marijuana: If you use marijuana medically or recreationally, they 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 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 they took their retail business and separated it from their main company. The retail 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 minimum Can I convert to a Permanent product? YES

Product Information

  • Conversion: If you’re looking to convert your term into a permanent policy, 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 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 minimum Can 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: Their term policy provides shoppers the ability to add additional coverage. You can opt for their 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.

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 Insurance
  • Universal Life Insurance
  • IUL Insurance
  • Variable Universal Life Insurance
  • Whole Life Insurance

National Life Group Company Notes

  • Annual Renewable Term: National Life Group is one of the few companies that offers shoppers annual renewable term coverage.
  • 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 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 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 Minimum 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

  • National Life Group Guaranteed Level Term Series is an ideal term product for shoppers who are wanting to buy term at a low initial cost with the option to convert to another permanent 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 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 years later.
  • 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 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 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.

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 Insurance
  • Universal Life Insurance
  • VUL Insurance
  • Whole Life Insurance

Nationwide Company Notes

  • Options: When it comes to 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  companies in the country.
  • Unique Conversion: With Nationwide, if you bought term coverage within the last 3 years from another company, you can convert you other policy for a Nationwide permanent 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 company and one of the twenty largest insurers in our country. They’ve even been ranked as one of best insurance companies to work for.

Nationwide YourLife Guaranteed Level Term

 Issue Ages:
18-70

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

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? NO

Product Information

  • Riders: 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 carriers.

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 UL insurance policy, you’re getting a policy that is designed to provide you with a fixed 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 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.
  • It’s a great product for lifetime coverage or pension maximization.

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

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 Insurance
  • Universal Life Insurance
  • IUL Insurance

North American Life Insurance Company Notes

  • Private: North American Insurance is a privately owned 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 company who provides great products and service. Fast forward to today and North American Company has over 550,000 annuity and 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 insurance carriers that allows you to pay with a credit card.
  • Riders: North American offers the term 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 Insurance Sample Quotes

North American ADDvantage Term Insurance pricing samples below are based on 20-year term 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 Insurance option.
  • There is no paramed exam, no urine sample or needles and you don’t have to see a nurse or doctor.
  • Your 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 GUL 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

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 Insurance
  • Whole Life Insurance

SBLI Company Notes

  • SBLI provides shoppers up to $500,000 without a medical exam. It’s a fully underwritten 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 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 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 companies.
  • Riders: SBLI provides the Accelerated Death Benefit rider free of charge for all 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 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

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 Insurance
  • UL Insurance

Symetra Life Company Notes

  • Symetra is a top insurer with great ratings and financial stability. Symetra offers one of the best GUL 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 coverage, 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 insurance, you can convert your policy to a permanent 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 Insurance pricing samples below are based on 20-year term 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 $100,000  Does 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 riders available that can be added to customize your 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

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

Insurance Products

  • Term Insurance
  • Whole Life Insurance

United Home Life Company Notes

  • No Exam: UHL 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 them.
  • Great option for those with significant medical impairments that may have a difficult time with most insurance carriers.

United Home Life Insurance Company History

The United Home Life Insurance Company falls under the United Farm Family Life Insurance Company umbrella. They made their start in 1948. They focus on shoppers ages 50 and over for their 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 – $100,000 Does 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 – $25,000 Does 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.

How To Choose the Best Life Insurance Company?

When you’re looking to purchase coverage there are many factors that will determine which company to choose.

These factors will help determine which companies to focus on and which ones to eliminate. In other words- identifying the good companies from the bad. There are some major questions that will need to be answered in order to know which companies to choose and which to avoid.

In the world of insurance, the number one goal is to get approved at “the lowest rate.” Most of the time, the company with the cheapest quote is NOT the company with the best deal for you - It comes down to which company approves you with the best health class rating.

Shopping Tip

Actually, it can be quite simple to find the top  companies if you do one simple thing. Make sure to use an independent broker like LIB.

As a smart shopper, you need to look at a few  other things in order to know if a company is good and worth your business.

1. Financial Strength

The financial strength of a carrier is very important. You will want to feel secure that the company you choose will still be in business and be able to pay out a death benefit if you were to die. Ratings agencies such as A.M. Best and Moody’s are a few resources that consumers can use to quickly evaluate a company’s financial strength.

2. Products

Most companies offer policies and options that are similar. However, what separates companies are in the details. Top companies (and some smaller companies too) will target certain areas or niches. These niches can provide you significant value and savings if you are shopping wisely.

For example, some companies focus on a certain product type, be stronger with underwriting risks, or benefit amounts. One company may be a great fit for someone who is age 45, has diabetes and looking for a 30 year term and $750,000 benefit amount. That same company might be the 5th best company for someone without diabetes. Every variable can make a difference.

3. Cost

The price you will ultimately pay for your policy will vary considerably when comparing similar policies across all companies.

Make sure you work with an independent agent who can compare rates and shop your case for you. Only then will you be confident you’re getting the best price for your life policy.

4. Convenience

Companies vary considerably in how they operate. From applying to updating your policy- some companies are modern and some are antiquated with how they operate. Many insurers are becoming modernized with the advances in computer and internet technologies. Make sure you apply with a modern company that can get your policy to you as quickly as possible with online and over the phone applications. This will reduce the long approval process and the hassle & stress of completing paper applications.

5. Details

You’ll need to prioritize what is most important to you and list them for your agent.

For example,

  • Do you need a policy as quickly as possible?
    • Some policies can be approved in the same day you apply. Some policies can take over a month.
  • Is the lowest price the only thing that matters?
  • Is the convenience of the application process important?
    • Some companies are very slow, very demanding with paperwork, very strict with underwriting.

6. Underwriting

Qualifying for your policy through underwriting is possibly the most confusing part of buying coverage. Some companies are much more strict with their underwriting guidelines depending on your specific health and lifestyle.

This is another reason to use an independent agent who has access to multiple companies. If you have any risk – you can get rated up or declined depending on your risk based on the underwriting criteria of the company.

7. Health Class Rating

Before you even think about which company to go with, you first need to select an appropriate “Health Class” when getting quotes online or with an agent.

If you’re getting quotes online like on our website, you need to select a health class that closely matches your situation.

Here is a helpful chart on the 3 major health classes that are used with free online quoters.

  • Preferred Plus (Also known as Preferred Best or Super Preferred)
  • Preferred
  • Standard (Also known as Regular)

life insurance health class ratings

But I’m In Great Health!

There’s a difference in how you define healthy and how companies define healthy.

Carriers are in the business of evaluating risk. Your health and lifestyle is evaluated as how risky you will be to them now and in the future. Your rate is determined by the amount of risk you present them. If you’re extremely risky, they’ll even deny you.

Make sure you don’t withhold any details to the agent you’re working with. Your agent is trying to help you find the company that gives you the best chance at coverage at the best rate.

Shop Wisely!!

Always use an independent agent when shopping for coverage. You may have noticed that we’ve mentioned that a few times in this article. 

It’s that important!

If you use a captive agent, you’re only able to buy products from that company. 

An independent agent can freely select from the best companies available instead of only one like the captive agent.

There are some big call centers online that you may have come across. They can shop from a handful of carriers. 

We shop from over 60! 

Having access to so many companies allows us to find the best value and best policy available for our clients. Our “independence” saves you money, time and stress. We do all the heavy lifting. You simply sit back and wait for the best offer.

Watch this quick video and see 2 examples of how shoppers often choose the wrong company. One shopper has perfect health and one has some health issues.  Both want $200,000 in coverage, 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. The best companies and policy options will depend on many factors. 

  • What is the type of policy 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 companies will offer, decline, or rate you up or down. The combinations of all of these factors make finding the 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 agent who has access to many 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 coverage you need. There are several policy types. You can first start by select between a term 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 or universal policy. Some insurers best plans offer shoppers a no medical exam option. This is great if you’d like to get a policy issued faster than a fully underwritten policy..

top 18 no medical exam life insurance companies

Company options

Carriers also provide riders for different 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 company will be able to do that for you.

Not every company will operate the exact same way. Each company has its 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.

Shoppers need to know just how companies work with today’s underwriting. 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 an carrier that allows you to work the way you want to. The majority of reputable companies can accomplish this.

Best Company for Speed

Foresters is a great option if you’re looking to secure a policy as quickly as possible. There are many other companies that have speedy applications and approval processes. Remember, you not 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 process can take almost 2 months to complete from beginning to end. However, many modern 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 policy? Remember, if you miss a payment, your policy can lapse and you lose your coverage. The majority of 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

Best life ins. companies – Final Thoughts

Make sure you shop the smart way when looking for a policy. Each 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.

10 top life insurance companiesYour age, health, family history, tobacco use, occupation, driving history and more are analyzed by these companies. At LIB, we have access to dozens of top-rated insurers. 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 companies that will provide you the best coverage at the best rate that you can qualify for. We hope this post has helped you in your quest for the best companies.

Contact us today and let’s see how we can find you the right company for your unique needs. 

3 thoughts on “Best Life Insurance Companies That Payout Today”

  1. Pingback: Comparing Life Insurance Companies - LifeInsure.com

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Michael Quinn
Founder – Life Insurance Blog

We’ve all been there — You’re just not ready to talk to an agent right now.

Good news: For life insurance quotes that doesn’t require contact information, we’ve partnered with Policy Genius.

They provide my visitors a simple and fast quoting experience. You can compare multiple “A” rated companies & you won’t have to enter your personal information unless you like the price and want to apply.