Top Life Insurance Companies
BASED ON A ROBUST REVIEW
As an independent broker, based on my 15 plus years of experience, I have evaluated my top eight life insurance companies according to the following unbiased criteria:
1 Cost
2 Value
3 History
4 Ratings
Now, if for whatever reason, you don't like these companies or cannot get qualified, it is not to say you are out of luck. Since I am contracted with and have a strong relationship with 25 plus other carriers, I can still get you insurance which coincides to your budget, needs, and health. There is nothing to worry about it as I am here to help capaciously.
Let's now take a deep dive and see what these eight companies are all about...
Overall Best In
Living Benefits Comprehensive Coverage, Cash Value Accumulation, Tax-Free Retirement, And Non-Medical Underwriting
Over 175 Years Of Solid History
- Founded by: Vermont Legislature
- Date of birth: 1848
- Current Chairmen, President, and CEO: Mehran Assadi
- Headquarters: Montpelier, Vermont. Also has offices in Texas.
- Total Workforce: Over 1,200 employees
- Website: www.nationallife.com
Mehran Assadi- Chairmen, CEO, And President
Strong Financial Strength, Asset, and Revenue Growth
Revenue: $2.8 Billion as of 2021
Assets: $41.9 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A score, that means National Life Group is highly rated in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
National Life Group's Core Advantages
Comprehensive living benefits included for FREE that pay for terminal, chronic, critical, and critical injury illnesses such as heart attacks, disability, cancer, and even coma.
Strong cash value accumulation plan that helps pay for college tuition and other expenses and secures your retirement on a tax-free basis.
Protection for your home, family, and income to pay for mortgage expense in the event of a premature passing. Reduces likelihood of a foreclosure from a spousal demise.
Ranked On Fortune 1000 Companies with the longest track record of 175 plus years of excellent history and stable, consistent, and lucrative financial growth
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How Living Benefits Can Save Your Financial Life From A Health Crisis
What does peace of mind look like? See how life insurance with living benefits provided Eric and his family with peace of mind during a health crisis.
Jessica, only 30 years old, was a new mom when she learned that she had breast cancer. Her saving grace was her life insurance policy with living benefits.
Included Living Benefits | Qualifying Conditions (subject to final underwriting approval) |
|---|---|
Terminal Illness Rider | Generally, if an eligible insured is diagnosed with a terminal illness that will result in death within 24 months or less. (12 months in some states) of certification of the illness by a physician. |
Chronic Illness Rider | A doctor has certified, within the past 12 months, that you are unable to perform 2 of 6 activities of daily living (ADL) for a period of at least 90 consecutive days without assistance. or that you are generally cognitively impaired.
Activities Of Daily Living: bathing, continence, dressing, eating, toileting, transferring. |
Critical Illness Rider | Includes:
|
Critical Injury | Includes:
64GB |
Overall Best In
Living Benefits Coverage and Fast Non-Medical Underwriting
Over 100 Years Of Solid History
- Founded by: William Lewis Moody, Jr.
- Date of birth: 1905
- Current President and CEO: James E. Pozzi
- Headquarters: Galveston, Texas. Also has offices in Oklahoma, New York, Florida, Colorado, Montana, and Delaware.
- Total Workforce: Over 4,500 employees
- Website: www.americannational.com
James E. Pozzi- President and CEO
Strong Financial Strength, Asset, and Revenue Growth
Revenue: $4.4 Billion as of 2021
Assets: $31.1 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A score, that means American National is excellent in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
American National's Core Advantages
Fast non-medical underwriting called Xpress of up to $250,000 of term or lifetime coverage and automated potentially non-medical underwriting called XPress Plus of up to $1 million of term or lifetime coverage.
Lenient underwriting even for some preexisting health conditions such as controlled type 2 diabetes, sleep apnea, mild anxiety or depression, and adult attention-deficit/hyperactivity disorder
Living benefits included for FREE in both term and lifetime products that pay for terminal, chronic, or critical illnesses such as heart attacks, disability, and even cancer.
Ranked "Most Trustworthy Financial Company" on the 2017 Forbes list with a long track record of 100 plus years of excellent, history and stable, consistent, and lucrative financial growth
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Why Living Benefits Should Be A Staple In Every Life Insurance Policy
The Basics of Living Benefits: What Are They And How Do They Work?
How Living Benefits Can Literally Save Your Life And Finances?
Overall Best In
Cost, Underwriting, and Product Value
Over 100 Years Of Solid History
- Founded by: Cornelius Vander Starr
- Date of birth: 1919
- Current President and CEO: Brian Duperreault
- Headquarters: New York City, New York. Also has offices in California, Florida, Oregon, Indiana, Ohio, New Jersey, Texas, and many more
- Total Workforce: Over 49,000 employees
- Website: www.aig.com
Brian Duperreault - President and CEO
Strong Financial Strength, Asset, and Revenue Growth
Revenue: $57 Billion as of 2022
Assets: $538 Billion as of 2022
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A score, that means American International Group (AIG) is excellent in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
AIG's Core Advantages
Return On Premium (ROP) for term insurance where you get all your money back like you got free insurance if you outlive your policy
Lenient underwriting even for some preexisting health conditions like type 2 diabetes, high blood pressure, sleep apnea, and overweightness
Lenient underwriting where you can still get the best, non-smoker rate if you only smoke one cigar per week
Generally has the lowest rates across the industry for almost all age and health brackets
Chronic Illness Protection Rider, which is an alternative way of getting affordable long term care insurance with no waiting period
Ranked 60th on the 2018 Fortune 500 list with a long track record of 90 plus years of history and stable, consistent, and lucrative growth
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Overall Best In
Value, Cost, Underwriting, Speed, and Customer Service
Over 100 Years Of Solid History
- Founded by: William Dorsey Jelks
- Date of birth: 1907
- Current Chairman and CEO: John D. Johns
- Headquarters: Birmingham, Alabama. Also has offices in California, Illinois, Missouri, New York, Ohio, South Carolina, and Tennessee
- Total Workforce: Over 2,500 employees
- Website: www.protective.com
Rich Bielen - Chairman and CEO
Strong Financial Strength, Asset, and Revenue Growth
Protective has NEVER missed paying out a valid death claim
Revenue: $6.8 Billion as of 2021
Assets: $132 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A+ score, that means Protective is highly rated in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
Protective's Core Advantages
Lowest rates in the country for almost all age and health brackets
Lenient underwriting even for some preexisting health conditions like cancer and heart disease
Exceptional customer service where the customer is valued like a customer
Potential lab-free underwriting up to $500,000 of coverage if you qualify, which is subject to a brief telephone interview
Income Provider Option for lifetime insurance can help you save up to 25 percent giving you more flexibility and control over your death benefit
Long track record with 100 plus years of history coupled with stable, consistent, and lucrative growth
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How Chronic Illness Is A Must For Everyone
Overall Best In
Underwriting for Tobacco (including marijuana and vaping), Obesity, And Type 1 And 2 Diabetes
Over 147 Years Of Solid History
- Founded by: Fraternal Benefit Society (non-for-profit organization)
- Date of birth: 1874
- Current President and CEO: Louis Gagnon
- Headquarters: Ontario, Toronto, Canada. Also has offices in New York, California, Florida, and many more
- Total Workforce: Over 4,000 employees
- Website: www.foresters.com
Louis Gagnon - President and CEO
General Overview Of Term Insurance And Other Benefits
Foresters is a leading company for diabetic-friendly underwriting standards, especially for their non-medical product. Click here to read more about this exclusive niche-specific benefit for diabetics.
Strong Financial Strength, Asset, and Revenue Growth
Revenue: CAD1.2 Billion as of 2021
Assets: CAD35.4 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A score, that means Foresters is excellent in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
Foresters Core Advantages
Backed with more than 147 years or history, financial growth, and stability being consistently rated an A rated company for more than 20 years
Industry lenient underwriting even for some preexisting health conditions like obesity and type 1 and 2 diabetes (including insulin-dependent patients)
Up to $400,000 Term and Lifetime Family Protection potentially without a medical exam if you qualify
Living benefits included for FREE in both term and lifetime products that pay for terminal, chronic (similar to disability), or critical illnesses such as heart attack and even cancer
Marijuana, cigar, nicotine gum, and vaping users can save up to 50% with a more favorable tobacco rating compared to the industry (excluding cigarettes)
Members can access discounts on everyday necessities, electronics, and other online shopping opportunities.
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Overall Best In
Value and Underwriting for common health issues
Over 150 Years Of Solid History
- Founded by: Leland Stanford
- Date of birth: 1868
- Current President, Chairman, and CEO: James T. Morris
- Headquarters: New Port Beach, California. Also has offices in Minnesota, Florida, Virginia, Connecticut, Nebraska, and Massachusetts
- Total Workforce: Over 3,000 employees
- Website: www.pacificlife.com
James T. Morris - President, Chairman, and CEO
Strong Financial Strength, Asset, and Revenue Growth
Revenue: $13.9 Billion as of 2021
Assets: $209.5 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A+ score, that means Pacific Life is highly rated in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
Pacific Life's Core Advantages
Smooth Sailing Term product where you may potentially skip a health pre-screening and can get up to $1 million of insurance if you are between the ages of 50-69
Lenient underwriting even for some major health issues like asthma, high blood pressure, cholesterol, anxiety or depression, sleep apnea, ulcerative colitis, and overweightness
Long Term Care (LTC) benefit that comes with lifetime coverage covering home-care needs if you can't perform two of the six daily activities of living such as bathing, dressing, eating, transferring, tioleting, and continence
With a long track record of 150 plus years of history, you can trust Pacific Life is not going anywhere as they are focused on building long term stable, consistent, and lucrative growth
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Overall Best In
Tax-Free Income, Living Benefits Coverage, Cash-Value, and Strong Customer Service
Over 130 Years Of Solid History
- Founded by: A.E. Forest purchased the company in 1890
- Date of birth: 1886
- Parent company: Sammons Financial Group
- Current President and CEO: Esfandyar Dinshaw
- Headquarters: West Des Moines, Iowa
- Total Workforce: Over 1,000 employees
- Website: www.northamericancompany.com
Esfandyar Dinshaw- President and CEO of Sammons Financial Group
Strong Financial Strength, Asset, and Revenue Growth
Revenue: More than $16.5 Billion as of 2021
Assets: $35.4 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A+ score, that means North American Company is highly rated in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
North American Company's Core Advantages
Living benefits included for FREE in both term and lifetime products that pay for terminal, chronic, or critical illnesses such as heart attacks, disability, and even cancer.
Earned the Better Business Bureau (BBB) accreditation in 2018 for their excellent commitment in diligently resolving customer complaints
Privately owned company focusing more attention in superb customer service, employee morale, and secure investments without the pressure of meeting Wall Street earnings
Ranked 77 on Forbes list of largest private companies with a long track record of 130 plus years of excellent, history and stable, consistent, and lucrative financial growth
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Learn How To Grow Your Retirement Savings Tax & Risk Free
IUL Overview: The New "401Ks"
Why IULs Are Suitable For Children
Overall Best In
Underwriting, Speed, and Tobacco Niche
Over 100 Years Of Solid History
- Founded by: Perry Randall
- Date of birth: 1905
- Current President and CEO: Dennis R. Glass
- Headquarters: Strafford, Pennsylvania. Also has offices in California, Georgia, New York, Florida, Ohio, Colorado, and many more
- Total Workforce: Over 11,000 employees
- Website: www.lfg.com
Dennis R. Glass - President and CEO
Strong Financial Strength, Asset, and Revenue Growth
Revenue: $19.2 Billion as of 2021
Assets: $387.3 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A+ score, that means Lincoln is excellent in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
Lincoln's Core Advantages
Potential lab-free underwriting up to $1 million of coverage if you qualify, which is subject to a brief telephone interview
Lenient underwriting even for some preexisting health conditions like certain cancers, type 2 diabetes, high blood pressure, and depression
Very competitive rates especially for someone looking for $250,000 or more of term insurance coverage
Special credit program for lifetime insurance designed to help someone with rheumatoid arthritis, type 2 diabetes, and obesity get a better rate
Lenient underwriting for anyone smoking cigars, pipes, e-cigarettes, chewing tobacco, and other tobacco products (excluding cigarettes)
Fortune 500 Company with a long track record of 100 plus years of history coupled with stable, consistent, and lucrative growth
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Overall Best In
Underwriting for various niches such as tobacco, DUI, bankruptcy, and common health ailments
Over 140 Years Of Solid History
- Founded by: John Fairfield Dyden
- Date of birth: 1875
- Current President and CEO: Charles F. Lowrey
- Headquarters: Newark, New Jersey. Also has offices in California, Arizona, New York, Florida, Montana, Utah, and many more
- Total Workforce: Over 50,000 employees
- Website: www.prudential.com
Charles F. Lowrey - President and CEO
Strong Financial Strength, Asset, and Revenue Growth
Revenue: $63 Billion as of 2018
Assets: $815.1 Billion as of 2018
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A+ score, that means Prudential is highly rated in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
Prudential's Core Advantages
One of the most lenient carriers for obesity especially when your over the age of 60. This could be a game changer when shopping for term insurance
Lenient underwriting even for some preexisting health conditions like certain cancers, diabetes, heart disease history, depression, and rheumatoid arthritis
Lenient underwriting for chapter 7 bankruptcy assuming sufficient income has been reestablished and may consider Chapter 11-13 bankruptcies
Active military U.S. citizens can still get insurance even if you're deployed and your beneficiaries will still be covered in the event of a war casualty
Lenient underwriting where you may still get a cheaper, non-smoker rate if you smoke cigars, e-cigarettes or chew tobacco/nicotine gum (excluding cigarettes)
Long track record with 140 plus years of excellent, aged history coupled with stable, consistent, and lucrative financial growth
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Overall Best In
Cost and Comprehensive Generous Underwriting for common health issues and old age
Nearly 70 Years Of Solid History
- Founded by: Sergeant John Adams
- Date of birth: 1949
- Parent Company: Legal and General
- Current President and CEO: Mark Holweger
- Headquarters: Frederick, Maryland. Also has offices in Texas, Alabama, and London, United Kingdom for its parent company.
- Total Workforce: Over 7,500 employees
- Website: www.lgamerica.com
Mark Holweger - President and CEO
Strong Financial Strength, Asset, and Revenue Growth
Revenue: £45.5 Billion as of 2021
Assets: £582.6 Billion as of 2021
A.M. Best is the main credit rating agency most relevant for the insurance industry. With an A+ score, that means Banner is highly rated in paying out claims, solvency, overall operating performance, financial flexibility. and asset quality.
Banner Life's Core Advantages
A family member (mom or dad) passing away from cancer prior to age 60 is generally irrelevant. This means you can potentially get the best rate whereas other companies will classify you at a higher premium
Lenient underwriting potentially offering the best rate even with some skin cancers, with current depression or anxiety, controlled type 2 diabetes, asthma, high cholesterol, and overweightness
Perfect fit for seniors who can still potentially get a 20 year term product, (longer than most companies) and the best rate even if they take blood pressure and cholesterol medications
Longer term period length options with 10, 15, 20, 25, 30, 35, and even 40 years - more than any other life carrier who generally offer a maximum duration of only 30 years
Flexible term product offering the option to renew it after the period expires up to age 95 or convert it into lifetime coverage without undergoing another health pre-screening
Long track record with nearly 70 plus years of excellent history coupled with stable, consistent, and lucrative financial growth
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