Those who depend on you financially can rest easy knowing that a life insurance policy protects them. The best life insurance provider can meet your needs regarding coverage, price, and customer satisfaction. Our top recommendations are below.
State Farm
Insuring families against the financial risks of death has been a State Farm specialty since 1929. A++ exceptional ratings from both AM Best and the J.D. Power U.S. Life Insurance Survey put the firm on top in 2022.
State Farm's family life insurance policy lets customers insure themselves and their loved ones with a mix of term and whole-life coverage. 12 Choice Term, a rider offered by State Farm, provides convertible term life insurance with a $100,000 initial death benefit for 10, 20, or 30 years.
With a Child Term rider, you may buy up to $20,000 in coverage for your kids until they become 25 years old, and then you can convert it to permanent coverage. 3 State Farm's website provides an online quotation for term insurance.
Northwestern Mutual
Northwestern Mutual provides a wide range of life insurance plans in all 50 states. The firm has earned our highest recommendation for whole life insurance because it allows individuals and families to tailor their coverage to meet their specific requirements at an affordable cost.
As of the J.D. Power 2022 U.S. Life Insurance Survey, Northwestern Mutual ranked #4, earning an A++ from AM Best. Whole-life insurance policies protect your loved ones for the duration of your life and beyond, with perks like fixed rates.
Northwestern Mutual's flexible life insurance policies combine whole and term coverage to address both long- and short-term needs. There's a requirements calculator for life insurance that you can use right on the site.
MassMutual
MassMutual offers a variety of life insurance options, including term, and variable life plans, with coverage amounts of up to $10 million.
Convertible to whole life, the Vantage Term policy's terms can be 10, 15, 20, 25, or 30 years. You can use premium credits from your term insurance toward the cost of your new permanent coverage. Insurance applicants must undergo a paramedical test, and policies must be obtained through a financial specialist.
Between 18 and 64, consumers may use Haven Life's simple online quotation and application procedure to purchase term life coverage of between $1 million and $3 million, with immediate non-convertible protection. 9
Prudential
In addition to traditional term and whole life insurance, Prudential offers universal, indexed, variable, and survivorship universal and variable life plans. Several plans are available, although only some are sold in some states.
Even AM Best gave Prudential an A+ for financial soundness, and it only placed 11th in the 2022 J.D. Power U.S. Life Insurance Survey. Waiver of premium, accidental death, estate protection, overload protection, living needs benefits, and chronic and terminal disease benefits are all examples of insurance riders.
Transamerica
Transamerica is highly recommended to anybody looking for affordable life insurance for their family. This responsible insurer offers a range of policies with generous coverage levels and convenient digital resources.
In terms of life insurance, you have a few options: term, whole, universal, indexed universal, and insurance to cover last expenses. AM The financial stability of Transamerica is deemed "good" by Best. Transamerica provides insurance plans with coverage ranging from $25,000 to over $10 million, except Trendsetter policies, which provide coverage up to $249,999 and do not require a medical exam.
Term insurance coverage might cover you for 10, 15, 20, 25, or 30 years. You can get prices online, but you'll need to work with an agent to get coverage. New York residents will not be able to purchase a policy.
Banner Life
Banner Life, whose term plans are provided by Legal & General America, is our top selection for young families since they protect as long as 40 years. Customers with a history of cancer in their family, those diagnosed with and treated for diseases like hypertension or high cholesterol, and ex-smokers are all eligible for protection from Banner Life.
AM Best has awarded Legal & General America their highest possible "A+" grade for financial strength.16 Coverage amounts for term life insurance plans range from $100,000 to $10,000,000 and are available in 49 states and the District of Columbia.
Typically, the minimum coverage amount for a universal policy is $50,000. In the Empire States, insurance is not an option. You can get a waiver of premium, an expedited death benefit, a supplemental term rider, a partial surrender benefit, and coverage for your kids up until they are 25 with a child rider.
