Best Life Insurance Companies for 2018
When you think about your family, you always go for the best. Likewise, when you think of giving an important gift to your family in the form of a life insurance, it becomes hard for anyone to determine which one will be the best life insurance company for you.
It’s easy to get a quote from all the top-rated life insurance companies but choosing the best policy for your specific situation can be somewhat difficult.
At LifeQuote Incorporation, we pride ourselves in connecting people to the best insurance companies that meet their specific needs.
Purchasing life insurance can be one of the biggest decisions of your life. It serves as a protective shield for your loved ones ensuring they move forward financially in unexpected circumstances.
The best life insurance companies are hard to find, especially those that provide a policy that caters to your needs, at the best rate. Policy rates are usually based on your health, age and gender.
Deciding on the Best Life Insurance Company:
With over 800 life insurance companies throughout the United States and each offering a unique blend of products and services, choosing the best company that can provide you with the exact coverage needs you require, can be a daunting task.
If you are new to the insurance industry, it becomes very difficult to judge which insurers are sound and which are to be avoided. The good news is, we have done all this research on your part. We have been working with numerous life insurance companies for many years and can help you get the best life insurance rates for your coverage. This way, you will save a considerable amount of time and energy, which can be dedicated to other tasks that require your attention.
So, sit back and relax and let our agents do the work for you.
Characteristics of Best Life Insurance Companies:
Some of the characteristics to look for in choosing the best life insurance company include:
The very first thing to check for is a company’s financial strength. Review their financial ratings through independent rating agencies such as A.M. Best, Fitch, Moody’s, Standard & Poors and also check for online reviews.
Type of Company:
There are two different types of life insurance companies:
- Mutual Life Insurance Company
- Stock Held Life Insurance Company
A mutual life insurance company is entirely owned by its policyholders. Profits earned are distributed in the form of dividends to its policyholders. A stock held life insurance company is a publicly traded corporation. These companies are traded on the stock exchange and anyone can become a part owner by buying their shares or stocks. Profits earned are first distributed to the stockholders rather than to the owners.
Type of Agent:
You will also find two types of life insurance agents:
- Captive Agents
- Independent Agents
Captive Agents are insurance agents working for one particular insurance company. They cannot sell other companies insurance. Independent Agents are agents who are not directly related to only one insurance company. They have a variety of insurance and financial products to sell to customers. These agents are quite knowledgeable about different products and services in the market and may help you find the best available rate efficiently.
>> Learn More: What do life insurance brokers and agents do?
When looking for an insurance policy, price becomes one of the greatest deciding factors. Most of the people usually consider companies offering the lowest rate in the market. If you are in need of a very basic policy then considering price factor is important but if you are dealing with complex issues like estate planning etc., then you should also look into the company, not just the price. Keep in mind that age and health also play a big role in the price calculation of the policy.
Best Life Insurance Companies and their Ratings:
For your reference, we have selected some top life insurance companies with current financial ratings no less than A-.
- Accordia Life (Life) Mutual of Omaha
- AIG United of Omaha
- American General Life Banner Life Insurance Company (Life) Western & Southern
- New York Life
- Pacific Life
- Jackson Life
Ready to Get Started? We can help you select the best! Purchasing a life insurance is an important financial decision. It can be overwhelming at times, especially when you have so many choices and different types of coverage and providers to choose from. We hope that this blog post on best life insurance companies has helped you in minimizing your research. Still, have questions? Review our blog for more information on how you can secure best life insurance rates for your loved ones! You can also get instant life insurance quotes in under 30 seconds directly on this page by filling out the form on the left. We have partnered with some of the top insurers to get you the best possible rates. It’s always good to be covered.