The Best Life Insurance Companies in 2021
Getting life insurance means keeping your family safe. Regardless of how old you are, it’s one of the most important investments you can make because it provides a safety net for your loved ones after you’re gone.
But while finding the right insurance policy to suit your lifestyle and your wallet is important, it’s only one part of the job. You also need to find a company you can trust. That’s why we’re here to help.
Our list of the best life insurance companies was carefully tailored to provide customers with reliable insurance carriers that offer a variety of products and have a long history of reliable and transparent business dealings. We want you to find someone trustworthy so that your loved ones are provided for no matter what.
7 Best Life Insurance Companies
With roots that date back to 1919, AIG is one of the older life insurance companies in the United States with a long history of customer satisfaction and prosperous business dealings. This is the best life and health insurance company on our list, and you can rely on it for quality insurance products.Read Full Review
$50,000 – $10 millionGet a Quote
Mutual of Omaha is the kind of company that prides itself on commitment to the consumer. Its high customer satisfaction scores and a history of transparent business dealings make it one of the top life insurance companies in America.Read Full Review
$100,000– $1 millionGet a Quote
Lincoln Financial was founded in 1905, and its track record has been nothing short of stellar. Named after Abraham Lincoln, this is one of the most reputable life insurance companies on our list.Read Full Review
$100,000 - $1 millionGet a Quote
Haven Life is an up-and-coming agency founded in New York, in 2014. It’s a young company and one of your best bets if you’re looking for cheap term life insurance.Read Full Review
$100,000 – $3 millionGet a Quote
SBLI offers competitive prices and quick underwriting processing, and based on our life insurance company ratings, they’re one of the most affordable companies for individuals across all age groups.Read Full Review
$100,000 – $30 millionGet a Quote
The history of John Hancock dates back to 1862, and it’s known as the best life insurance company in the world. The thing that makes this company unique is that they tie their policies to the John Hancock Vitality Program.Read Full Review
$25,000 – $65 millionGet a Quote
Bestow is a life insurance company that provides its services online. One of its biggest advantages is a simple and extremely fast application process through their website.
$50,000 – $1 millionGet a Quote
How We Picked the Following Top Life Insurance Companies — Our Methodology
At Fortunly, we never leave our readers in the dark. We believe that everyone should have a firm grip on their finances, and knowing what you’re getting into when you buy a financial product is the first step toward that goal. As with every review, we’re ready to provide you with each and every detail of how we picked the most reliable life insurance companies.
In addition to our methodology, we’ve also decided to include a little guide. If you want to pick the best life insurance company in the USA, then you need to understand what life insurance is in the first place. We’ll explain the difference between whole life insurance and term life insurance, and tell you what the companies consider when deciding which quote to give you. To read the explanations, just scroll past the review section.
Now, to get back to the methodology. Here are the things we took into consideration when making our list of life insurance companies.
Company History and Financial Strength
There are a lot of startup insurance companies popping up every year. They offer great deals made to draw new customers in, and you might be tempted to jump at a good opportunity. However, caution is advised here. You’re committing to something that you’ll have to keep paying for decades to come, and you want to find the kind of company that can really pay its claims many years down the road.
You’ll find the best life insurance policy company only if you carefully consider the company’s history and its financial strength. We’ve done just that for you. We made sure to research the history and financial backing of every company on our list. These companies won’t scam you or waste your money.
AM Best Rating
AM Best is a global agency that provides credit ratings for insurance companies. It is internationally recognized for its analysis of a company’s creditworthiness and financial strength. We’ve made sure to include the AM Best rating in every single review. If you want to know which places are worth their salt, AM Best can tell you. You’ll find reliable life insurance only with companies that are rated B or higher with AM Best.
J.D. Power is an agency which rates companies on customer satisfaction and reviews provided over the years. J.D. Power uses a scale from 1-1,000, and it can help you find the best term life insurance companies based on consumer reports. Good companies generally have a score that’s higher than 700.
In addition to the official J.D. Power scores, we’ve also examined a randomized assortment of reviews we found online. We’ve looked through reviews from the Better Business Bureau along with a few other sources — just to make sure we get a more complete picture. In our experience, it’s not a good idea to only trust one extremely positive or extremely negative rating.
There are many types of life insurance. We gave the best life insurance company ratings to agencies that offered a wide variety of products to their consumers. Every individual’s needs are different, and you’ll need to find the kind of place that is both reliable and has the type of life insurance that you can afford. We also want you to know what kind of options you can expect to find. Here’s a rounddown of the types of life insurance you can find:
- Term life insurance
- Whole life insurance
- Permanent life insurance
- Universal life insurance
- Variable life insurance
- Universal variable life insurance
- Final expense insurance
- Group life insurance
- Guaranteed life insurance
Term life insurance
Term life insurance is the most straightforward kind of insurance. You’re paying exclusively for the death benefit that goes towards your beneficiaries after you pass away, and all of the largest life insurance companies offer this type of product. This benefit is usually paid out as a lump sum, but it can also be paid in monthly payments or annuity. These policies are usually aimed towards young, healthy people and they are paid over a period of 20-30 years. The premiums for young, healthy people are usually around $30-$40.
Whole life insurance
Whole life insurance is about six to ten times more expensive than term life insurance. It stays in effect as long as you pay your premiums, and it’s a financial product that’s supposed to be a mix of insurance and investment. Your beneficiaries will still get a death benefit after you pass, but there’s also a cash value component to whole life insurance. Cash value is basically a savings account.
In general, this isn’t a great way to get the best rates for life insurance because you’ll have to pay much more towards your premiums than with term insurance, and for the first five to ten years most of the premiums will go towards the death benefit instead of the cash value. After you start paying more towards the cash value, you might get dividends, depending on the terms on the company where you purchase insurance.
Universal life insurance
Similarly to whole life insurance, universal life insurance comes with both a death benefit and a cash value. Its main selling point is that policyholders can change the premium and death benefit amounts without having to get a whole new policy.
You will have to pay a premium minimum to keep the policy in force, but you can use the cash value to pay off your minimum. When comparing life insurance companies, we found that a lot of the best ones offer this financial product in their repertoire. Universal life insurance changes according to the market. The current market interest rates will influence the insurance interest rates, making this a tricky financial product to manage.
Variable life insurance
Variable life insurance is also similar to whole life insurance, but the cash value component is different. The cash-value is placed on the stock market, so it varies a lot and can cause both potential gains and losses. This is a series of mutual fund-like sub-accounts, and you can only choose from the investment options available through your policy. The rest of the stock market investments won’t be available to you. This insurance product is risky because it requires some stock market knowledge to make it work. However, if you have investment experience, this can be a great choice. Just make sure to pick life insurance carriers that will outline the terms of this product transparently.
Variable universal life insurance
Take variable life insurance, universal life insurance, and voila, you get the mishmash that is variable universal life insurance. This product takes adjustable premium and death benefit amounts from universal life insurance, and the investment options from variable life insurance.
It’s kind of a jack of all trades and a master of none. You get life insurance, but it can be pricier than term life insurance, and you get an investment, but it’s a lot more complicated than simply investing in the stock market separately. However, it can be a good choice for people who want to keep everything in one place. If you like this type of product, read our life insurance reviews to find out which companies offer it.
Final expense insurance
Final expense insurance is all about your literal final expense — the funeral. This product covers everything from medical stays to cremation, which can pile up to $8,000. This insurance can be attractive to older people who haven’t applied for insurances of other types and they don’t want to burden their families with the cost of their funeral. It’s relatively expensive given the low coverage and high premiums you’ll have to pay. However, every good life insurance company for seniors will almost always offer this type of product, and it’s a great option to consider if funeral costs are your only worry.
Bear in mind that this type of product often has a cash value component that grows over time, and that you’ll have to fill out a health questionnaire.
Simplified issue life insurance
The biggest benefit of simplified issue life insurance is that it lets you skip the medical exam that’s usually required by insurance agencies. Medical exams are standard procedure that help agencies determine what kind of premium to set, and they’re usually not an issue for people who are young and healthy. Simplified issue life insurance lets you skip exams entirely, but you’re still required to fill out a questionnaire that contains questions about your health and lifestyle. You’ll be asked whether you’re a smoker, whether you’ve been diagnosed with a serious illness, and whether you exercise regularly.
Every senior life insurance company with an AM best rating will offer this type of service, but bear in mind that it comes at a cost. Premiums will generally be more expensive by default, and it’s not guaranteed that you’ll get better rates than you would with simple term life insurance.
Guaranteed life insurance
Guaranteed life insurance is similar to simplified life insurance, but you get to skip even the health questionnaire. All you need to tell your insurer is your age, sex, and state of residence, and they’ll cover you for a pretty hefty price. This is an expensive financial product, but it’s a good option for older people who have a hard time finding life insurance. Basically every best-rated life insurance company will offer it as an option if you’re a senior citizen and don’t mind paying higher premiums. Just to make sure this really pays off, try getting quotes for regular term insurance first before opting for this product.
Top Life Insurance Companies for 2021:
- AIG: Best premium rates
- Mutual of Omaha: Best for customer service
- Lincoln Financial: Best for seniors
- Haven Life: Best for simple application
- SBLI: Best for fast policy turnaround
- John Hancock: Best for customers with certain medical conditions
The Best Life Insurance Companies — Reviews
On Official Website
- • Competitive rates
- • High financial security
- • Various policy riders
With roots that date back to 1919, AIG is one of the older life insurance companies in the United States. It has a long history of customer satisfaction and prosperous business dealings. This is the best life and health insurance company on our list, and you can rely on it for quality insurance products. Expect to see the most competitive rates in the industry and experienced insurance agents that will make sure you pick the product that’s right for you. AIG should be the first choice for customers who have complex health histories and are worried that they might not be able to get a good deal on monthly premiums. AIG will provide you with excellent term insurance options at great rates.
Financial Security and History of the Company
AIG is the 10th insurance company by market share in the US, and it has been around for over a century. The company’s AM Best rating is A,, indicating that AIG will be around for a long time to come. You can apply for insurance with them and feel safe knowing that, when the time comes, they’ll cash out. Right now, this is the most reliable life insurance company. They have been in business for a long time and they certainly know what they’re doing.
AIG offers both term life insurance and whole life insurance, and they have several policy riders for consumers who want to customize their policy. When it comes to term insurance, here are the riders you can expect: child protection rider, accelerated death benefits, and disability waiver of premium. A child protection rider provides insurance for children from 15 days to 19 years of age, and it allows for $500 – $25,000 worth of coverage. An accelerated death benefit lets you speed up your death benefit for 50% if you’ve been diagnosed with a terminal illness, and a disability waiver of premium lets you waive all premiums if you become completely disabled.
You can expect some of the cheapest life insurance policies in the industry from AIG. The company’s average monthly premiums for healthy people in their twenties are around $25, compared to the industry standard of $26. For those in their fifties, you can expect the quotes to be tripled.
When it comes to whole life insurance, AIG offers guaranteed issue insurance. You won’t have to subject yourself to a medical exam, but the policy is very expensive.
As for payment, AIG accepts bank checks, automatic account drafts, and credit card drafts (for the first payment only).
While AIG is often found among the top rated life insurance companies, consumer reviews are quite mixed. There’s a huge number of satisfied customers that have left positive reviews over the years, but nonetheless, AIG only earned a 2 out of 5 J.D. Power rating. The most common complaint is that it takes a long time for applications at AIG to get processed — in fact, AIG is one of the slower companies on our list.
Despite this, consumers are satisfied with payment terms and the sheer number of customers AIG has makes it obvious this is a trustworthy company.
AIG offers some of the best life insurance rates on the market. If you’re looking for competitive pricing, this company should be your very first choice.
On Official Website
- • Transparent fees
- • Great customer service
- • Wide variety of products
Mutual of Omaha is the kind of company that prides itself on commitment to the consumer. Its high customer satisfaction scores and a history of transparent business dealings make it one of the top life insurance companies in America. They are generally oriented towards younger customers, and if you’re currently in good health you could get some of the most competitive rates on the market.
Mutual of Omaha is also great for people with specific health conditions. Since different companies treat health conditions differently, it’s often worth shopping around to see who will give you a better rate. Sometimes one company will give you better life insurance deals if you suffer from diabetes than another one would, and Mutual of Omaha offers competitive rates for some of the more common health conditions.
Financial Security and History of the Company
The company has been in business for more than a century. You don’t need to worry about whether they’ll be around when you need them the most, and more than half a million customers can confirm that they’re the real deal. Mutual of Omaha is easily the top choice for US life insurance if you’re looking for a trustworthy business and straightforward insurance contracts where all of the important details are clearly outlined. They have an A+ rating with AM Best and a long list of insurance products to suit your needs.
Mutual of Omaha has a great range of products to choose from. They offer both term and whole life insurance, and various riders to help you customize your policy. The most straightforward term life insurance is called Term Life Answers, and you can choose from these riders: child protection rider, other insured rider, disability waiver, unemployment waiver, and accelerated death benefit. Overall, this is one of the best life insurance policies in regards to premium rates.
Mutual of Omaha also offers Term Life Express, which gives a no-exam option to customers who are applying for a policy that starts at $25,000 and goes up to $300,000. Term Life Express offers the same types of riders as Term Life Answers.
Mutual of Omaha’s whole life insurance is called Living Product, and it does not require a medical exam. It’s a very expensive policy. You can expect accelerated death benefit and accidental death benefit riders.
Overall, customers are very satisfied with Mutual of Omaha. Complaints are mostly related to the fact that you can’t update your insurance policy online, and the fact that there’s a slower turnaround for activating the policy. Other than this, customers are happy. A lot of reviews claim that this is one of the best life insurance companies for independent agents.
Mutual of Omaha is a great company, but the policies are better suited to either healthy people, or those with common health conditions such as cancer, sleep apnea, or high cholesterol. This company offers great rates to customers with these conditions.
On Official Website
- • Best choice for seniors
- • Great for people with complex health histories
- • Many life insurance policies offered
Lincoln Financial was founded in 1905, and its track record has been nothing short of stellar. Named after Abraham Lincoln, this is one of the most reputable life insurance companies on our list. It excels at providing life insurance to older customers and customers with complex health conditions such as diabetes. It offers them some of the most competitive rates. If you think that your chronic health problems make you unable to qualify for cheap insurance, then this company could be just the one for you.
Financial Security and History of the Company
With over 17 million customers, Lincoln Financial shows that this is a reliable company that most certainly won’t go bust. When the time comes for your beneficiaries to make use of this investment, they’ll be fully covered. Lincoln Financial offers good life insurance products and its AM Best rating is A+, meaning this is a certified and trustworthy carrier.
Lincoln Financial offers the following products: term life insurance, universal life insurance, variable universal life insurance, and indexed universal insurance. Indexed universal insurance offers cash value opportunities that are linked to the market’s index performance.
When it comes to term life insurance, these are the riders you can choose from: child protection rider, accelerated death benefit, and disability waiver. You can expect affordable life insurance for seniors, but slightly more expensive premiums for younger individuals than is the industry standard.
Premiums can be paid through automatic bank withdrawals or checks on a monthly basis, but you can also use your credit or debit card for the very first payment. If you want to change your policy, you won’t be able to do it online — a phone call is required.
Lincoln Financial’s J.D. Power rating is 3 out of 5, meaning this company could be doing a little better. The company has a lot of customers, and complaints mostly involve the overly long application process. We included Lincoln Financial into our life insurance company reviews because consumers are generally very satisfied with their policies.
Lincoln Financial is one of the largest insurance companies in the United States, and it’s a great choice for senior customers and customers with complex medical histories. If you’re young and healthy, other companies could give you better rates, but otherwise, this is a great choice.
On Official Website
- • Simple application process
- • Affordable rates
- • Special features with every policy
Haven Life is an up-and-coming agency founded in New York in 2014. It is a young company and one of your best bets if you’re looking for cheap term life insurance. Despite their youth in the market, Haven is still a fairly secure insurance provider because they’re backed by MassMutual, a Springfield-based company that’s been in business for over 160 years. The keyword for Haven Life is simple. Their main aim is to make the hassle of insurance shopping as straightforward and easy as possible. Everything is managed online through a simple interface.
Financial Security and History of the Company
According to the AM Best rating, Haven Life is a secure company that you can trust your money with. Their biggest downside is the fact that they’re young — with barely half a decade in business, they don’t have the experience that larger companies have acquired over the years. However, they’re backed by a much larger company, MassMutual. MassMutual has more than a century and a half in business, and the fact that they’re backing Haven Life makes it obvious that the company is worth your time. It’s one of the best term life insurance companies on the market and its youth only means that it’s eager to gather a good client base and they’re ready to offer competitive rates to draw more people in.
Haven Life does not offer permanent insurance. Their product range is limited to term insurance only. According to the company, this is what their client base demands the most, so they specialize in it and they offer some of the most affordable rates on the market. They also have a special feature called Haven Life Plus that you can add to your policy. This feature enables several benefits:
- 15% discount on one CVS MinuteClinic service
- An online deposit box for you and five family members
- A digital service to create an online will with no charge for the first year
Haven Life earns its high life insurance ratings due to the company’s competitive rates based on your application and third-party data that it gathers during the underwriting process.
Haven Life has excellent customer service and consumers are generally satisfied with their insurance products. They score a 3 out of 5 on the J.D. Power rating scale, meaning that they receive average scores. Most reviewers praise Haven Life’s quick policy turnaround, and an easy online application process. One of the bigger downsides is that everything is done online, so you won’t get in contact with traditional agents who could help you. However, their website offers a live chat option that you can access at any point.
Haven Life is a young company, but they offer cheap life insurance and they are backed by MassMutual, which has a long, successful history. Everything here is done online, so if you’re looking to avoid insurance salesmen and need something affordable, this is a great option to try.
On Official Website
- • Company with over a century of experience
- • Fast turnaround
- • Online processing
SBLI offers competitive prices and quick underwriting processing, and based on our life insurance company listings, they’re one of the most affordable companies for individuals across all age groups as long as they are in good health. They are a smaller carrier, so they haven’t been graded by J.D. Power or Consumers Advocate. Expect a faster turnaround time than usual, good insurance agents to help you out, and added benefits such as online processing.
Financial Security and History of the Company
SBLI has been around for over a century and they have more than half a million customers. They are financially stable and reliable, and have an AM Best rating of A, meaning can handle demands and meet obligations of policyholders. This life insurance company is likely to be able to pay out any amount for death benefits after your passing, so you’ll be putting the future of your family in very safe hands.
SBLI offers both term and whole life insurance, and finds itself among the top 5 life insurance company choices on our list because it offers competitive rates along with transparent terms and conditions. SBLI offers the following riders to their customers: child protection, disability rider, accelerated death benefit, and accidental death benefit.
SBLI also offers a unique insurance product — SmartTerm 360. Since customers sometimes end up overpaying for their life insurance, SmartTerm 360 was designed to evolve over time as your needs change during your lifetime. You still get a federal income tax-free death benefit, but the insurance provides more specific coverage and makes sure you save money by keeping you from being over-insured.
SBLI offers competitive rates to policyholders of all ages, but only if they’re in good health. If you have common conditions such as diabetes or high cholesterol, you might end up having to pay more for your monthly premiums. If you don’t have any health conditions, then this is the best term life insurance company you can find. SBLI term life products are available in all the states except for New York.
Customers generally praise SBLI’s fast application process and turnaround time, and the company gets good reviews across the board. Its fast turnaround process is due to accelerated underwriting that you can apply for, that doesn’t require an attending physician statement. To apply for fast underwriting, you must be under sixty, be a non-smoker, live a low-risk lifestyle, and be in good health.
This is the best company for life insurance for people who don’t have any serious medical conditions and want a reliable, professional agency to handle their insurance.
On Official Website
- • Financially secure company
- • Great for applicants with certain medical conditions
- • Online processing
The history of John Hancock reaches all the way back to 1862, and the company is now regarded as one of the leading life insurers in the world. The thing that makes John Hancock unique is that they tie all their types of life insurance policies to a health and lifestyle program called the John Hancock Vitality Program. It comes with a free FitBit and it encourages you to lead a healthy life. John Hancock is owned by a Canadian company called Manulife Financial.
Financial Security and History of the Company
John Hancock holds an A+ AM Best rating, meaning that it’s financially strong and will be around when the time comes for your beneficiaries to collect insurance death benefits. The company has been around for over a century and a half, and they’re not likely to go belly up any time soon.
You can easily get life insurance policy quotes on John Hancock’s website. They have a useful calculator that makes it easy to get approximate rates if you answer a few questions about your age, sex, and lifestyle. John Hancock offers term life insurance, permanent life insurance, and guaranteed-issue whole life insurance. Compared to other agencies, they have competitive pricing, even for customers who are dealing with health issues. Life Insurance company ratings indicate that John Hancock offers excellent coverage for heart attack patients, high cholesterol patients, high blood pressure patients, and even former tobacco users.
This company allows for electronic applications, but you cannot make too many amends to your policy online. To do things like change your beneficiaries or change your address, you’ll have to give them a phone call and provide a few paper forms.
John Hancock is widely regarded as one of the top life insurance companies in the USA, but a number of policyholders have had issues with their customer service in the past. Some of the biggest complaints about John Hancock is that they have long, complex application forms and that it takes longer than average for applications to get approved.
If you have a health condition and you’re worried about the cost of insurance, check John Hancock’s life insurance quotes. The company offers competitive prices, and is both reliable and financially solvent.
5 Reasons Why You Need Life Insurance
You might be wondering why you even need life insurance and whether insurance companies are just lying to you when they claim it’s a necessity. We’re here to answer, and we’ll be straightforward — life insurance is generally a good idea. It’s not necessary, and there are other ways to cover for your family and make sure they’re settled, but insurance does make it easier. As long as you pick the best life insurance available, you’ll benefit.
We’ve decided to outline the reasons we think insurance is good for you:
It makes sure your family is covered
This is the main reason people buy life insurance plans. In the case that you suddenly pass away, your family could be left stranded. No one expects great misfortunes to befall them, and yet they inevitably happen at some point. While most families have family members that live well into old age, not everyone is so lucky. Disease and accidents also happen, and if you’re caught completely off guard, you might have a very hard time taking such a hit. Your family could be left with more household and childcare expenses and with no financial backing to speak off.
If you check life insurance quotes online, you’ll see that insurance can actually be quite affordable, especially for younger people in good health. It’s a small price to pay for something that will ultimately give you and your family a strong safety net.
It gives you peace of mind
No matter what happens, you’re covered. Your family is covered. Everyone is safe. There’s a lot of comfort in knowing that you’ve done all you could to keep your loved one’s out of harm’s way and provide for them. If you find the best term insurance option, you’ll be able to sleep better at night because everything will practically be arranged. If you start investing in this while you’re still young it definitely won’t eat too much into your monthly budget, and you’ll get plenty of benefits for a small price.
It helps you pay off debt
Funerals are expensive, car loans are more expensive, and mortgages are yet even more expensive. Debt can pile up, and if you’re not there to pay it off, the burden will fall onto your family. When it comes to life insurance, the best company won’t let this happen. Don’t allow your children and spouse to suffer a financial burden in addition to an emotional burden in the case of your sudden death.
It improves your children’s financial security
As your child grows up, they’ll start having dreams about how they want to live their life. Perhaps they’ll want to get into a pricey college and get the best education in the world, or maybe they’ll want to start their own business. Maybe they’ll meet the love of their lives and want to organize a grand wedding. With the best rated term life insurance company, you could make their dreams come true. Until they grow up and become fully independent, extra money could help them get the financial backing to pursue successful careers and relationships.
It helps you leave an inheritance
If you don’t have any assets to leave to your children, life insurance could actually help you create an inheritance. Once you choose the right policy and find the best life insurance company, you can name your family members as your beneficiaries. Pay your premiums regularly, and your children will still have some solid financial backing even after you’re gone
Term life insurance is the kind of insurance that lasts for a predetermined period of time — a term. It is among the most affordable insurance products, and all of the top insurance companies offer it in their repertoire of products. Term insurance is there to create a safety net that will help you cover unexpected costs or debt, and if you die before the term is up, your beneficiaries (usually family members), will get the death benefit that is usually paid in the form of a lump sum. This lump sum can be used to cover the costs of the funeral, to pay the bills, to pay college for your children, or in any other way your beneficiaries want.
Lincoln financial is one of the top companies in regards to senior life insurance. It offers affordable premium rates and several policies where no medical examination is required.
Whole life insurance covers you throughout your whole life, but it’s a lot more expensive than term insurance. You’ll be paying more on a monthly basis to get the benefits of coverage, but you’ll also enjoy some cash value benefits that term insurance doesn’t have. Usually, the worst life insurance companies will try to convince you that whole life insurance is a better idea, but in reality, both whole and life insurance have their benefits and drawbacks.
Term insurance covers you for anywhere between 10-30 years. Whole life insurance covers you for your entire life. Whole life insurance is more expensive and more difficult to adjust, but it gives you some cash value which functions as an investment tool. The best life insurance providers will usually have both of these products, though life insurance rates will be different.
For most people, term insurance is a better option because it’s cheaper and generally speaking it covers everything it needs to cover. With whole life insurance, you could end up paying a lot more and ending up over-insured. Check our reviews to find which companies offer the best conditions to cover you.
AIG climbed to the top and made it to the very first spot on our list of the best life insurance companies. It is a company with a long history of successful business dealings that treats its customers with respect and openness. With AIG, you can expect some of the best rates and insurance products in the industry.