5 Best Life Insurance Companies to Choose in the United States in 2020
Before purchasing any life insurance policy, you need to do some research first. Life insurance policies provide your family with financial resources in case of your death. It must be an integral part of your financial plans so that your family can live a good life after your death. Many companies in the US offer life insurance policies, and we have tried to pick up the top 5 to make things easy for you.
It has the highest rating for customer satisfaction. Northwestern Mutual provides strong financial stability. Moreover, they offer different policies, including a renewal policy. The company is focusing on life and health insurance since 1857. They have earned the highest ranking from A.M Best and JD Power for customer satisfaction and financial security. The only disadvantage is you have to buy their policies through a financial advisor.
- Prudential
It is the best life insurance company because of the wide range of policies and excellent financial strength ratings. It is different from Northwestern Mutual, and you can get life insurance coverage online. It has a company history of more than 140 years, so it owns an excellent rating for financial strength. The issue is for a permanent life insurance coverage plan; you will have to get a quote from an agent, and you can’t get it online. The company is rated A+ by Moody’s and A.M Best. They offer different policies, such as:
- Universal life insurance
- Accidental death benefit
- Children’s protection rider
- Indexed universal life insurance
You can choose any life insurance policy according to your needs.
- New York Life Insurance Company
They offer affordable coverage, superior customer service, and the highest financial ratings. It is currently the largest mutual life insurer in the country. If you want to get in permanent life insurance coverage, you can contact their agent and get information. It is the best life insurance company because it is a safe, affordable, secure, a wide range of products, and you can earn dividends.
- Pacific Life Insurance Company
They are doing amazing work and have achieved a higher ranking in the past few years. It is one of the most competitive companies, and you can easily access them. In financial rating, it is behind the competitors, but it’s not an easy contender to beat. It offers full financial planning and a wide range of products. It offers safe and affordable coverage.
- State Farm
If you are looking for instant issue policies, then it is the ideal company for you. The best thing about this company is that you can apply online and get coverage without a medical exam. It is in our top 5 picks because of long history and excellent ratings. Moreover, you can get free quotes online. The only drawback of this company is that you can’t get life insurance in New York and Massachusetts because it doesn’t have a license to offer policy.