Best Life Insurance Companies In USA 2021:Life insurance is essential if you have someone in your life who depends on your income. Unfortunately, many people do not have the right type of coverage or the right amount. According to the Life Insurance Research and Marketing Association, nearly half of all American households have less life insurance than life insurance. The good news is that life insurance doesn’t cost as much as you think. According to a report by the Insurance Information Institute (III), some people estimate that life insurance costs five times more than it actually is.
We make life insurance shopping as easy as possible by searching and rating the best life insurance companies. To create our ranking, we evaluated dozens of companies, scoring each on items such as financial strength, customer service, and cost. Read on to see which companies made our best life insurance companies list for 2021. Our Top Life Insurance Company ranking is based on information collected between June 1, 2020 and August 19, 2020.
Best Life Insurance Companies In USA 2021
Northwestern Mutual: Our top-rated insurer, Northwestern Mutual, has over 160 years of experience in the financial services industry and provides the traditional approach to life insurance. Northwestern Mutual offers a variety of coverage options and a low-tech but customized method for determining coverage needs, and its financial advisors are available to assist clients through the process.
Haven Life: Heaven Life Insurance Company offers only term life insurance policies and uses an online application process without in-person interaction with a traditional agent. Despite being a relatively new player in the insurance sector, it is backed by the well established MassMutual. Haven Life aims to offer life insurance policies that are affordable and easy to manage online, without the usual hassle of shopping for insurance.
State Farm: Our No. 3 insurer, State Farm, has nearly 100 years of experience. State Farm offers discounts to customers who purchase multiple insurance policies, such as home insurance. It also offers several ways to pay your premiums, including online, by mail, or in person at the State Farm office. For some life insurance policies, your premiums will be returned to you if you survive the term of the policy.