When it comes to life insurance, it's important to choose a company you can trust. With so many options available, it can be difficult to know which company is the best. To help you make an informed decision, we've reviewed more than 100 of the top life insurance companies and narrowed it down to the top five. Leading the pack is Northwestern Mutual, which has earned an A++ (Superior) financial strength rating from A.
M. Best. It also has excellent grades, affordable prices, and an affiliation with Haven Life, the best company in the country for no-exam policies. Northwestern Mutual also offers comprehensive financial planning services and a wide variety of life insurance products.
Coming in second is New York Life Insurance Company, which has similar features to Northwestern Mutual. It has excellent financial ratings, superior customer service and user experience ratings, a wide range of products, and an affiliation with Haven Life. Massachusetts Mutual (MassMutual) is third on our list. It has nearly perfect financial ratings and is even more affordable than Northwestern Mutual and New York Life.
MassMutual also offers comprehensive financial planning services and has an affiliation with Haven Life for no-exam policies. Pacific Life is fourth on our list. It has been doing a phenomenal job over the past few years and has risen in the life insurance industry. Pacific Life offers a wide selection of life insurance products and has a new policy that does not require an exam.
However, its financial ratings are not as high as those of the other companies on this list and its brand recognition is not as strong. Rounding out our top five is Banner Life Insurance Company, which offers extremely affordable term life insurance policies. Even if you're not in perfect health, you may find that Banner Life is still cheaper than its competitors and that you still enjoy the financial stability of an insurer that has earned an “A” or better rating from A. Best and an “A+” rating from the Better Business Bureau.
Finally, Guardian Life Insurance Company is another notable life insurer that is extremely safe and conservative. It has a very high consumer satisfaction index, near-perfect financial stability ratings from major credit bureaus, and an “A+” rating from the Better Business Bureau. Guardian also offers other lines of insurance that many of its competitors don't have. When choosing a life insurance company, it's important to consider your needs, budget, and goals. The five companies listed above are all excellent options for those looking for reliable coverage at an affordable price.