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Top 10 Life Insurance Companies for A Healthy 55-Year Old Male

by Brian M on April 16, 2013 · 1 comment

Best Life Insurance Companies for 2013

2013 – Top 10 Life Insurance Companies

Life insurance helps you provide for your loved ones in the event of your death.  A life insurance contract can enable you to continue providing for your dependents in the event of your passing.  It can pay off debts, such as a mortgage, cover daily living expenses for your family, provide for your children’s education and well as cover the costs of your funeral. 

When navigating through the life insurance buying process, it is important to choose a company that will not only provide you with a low rate but also that will be able to meet its obligations in the future.  This is why it’s so important to choose a top tiered life insurer and to do your due diligence.

Best Life Insurance Companies-for a Healthy 55-Year Old Male-Preferred Plus Rate Class $250,000 15-Year Term Policy

1.      Savings Bank Life Insurance Co of MA

Since 1907, SBLI of Massachusetts has provided hundreds of thousands of families with affordable, dependable life insurance. While remaining the top life insurer in its home state for insurance issued and in force, SBLI has grown significantly in recent years, spanning 46 states as well as the District of Columbia. Products can be obtained directly by calling 888-GET-SBLI or visiting SBLI.com, through select New England banks, or through trusted independent distribution partners across the country.

Rating:

A+ (Superior) A.M. Best

Website

http://www.sbli.com

2.     Cincinnati Life Insurance Company

Cincinnati Financial, formed in 1968, stands among the nation’s top 25 property casualty insurer groups, based on 2011 direct written premiums. It operates through The Cincinnati Insurance Company, which itself has four insurance subsidiaries, and through two financial services subsidiaries.

Rating:

A (Excellent) A.M. Best

Website

http://www.cinfin.com/default.aspx

 

3.     Pruco Life Insurance Company

For more than 135 years, Prudential Financial, Inc., has helped individual and institutional customers grow and protect their wealth. Today, they are one of the world’s largest financial services institutions with operations in the United States, Asia, Europe, and Latin America. They also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability.

Rating:

A+ (Superior) A.M. Best

Website

http://www.prudential.com/view/page/public?h=1

4.     Banner Life Insurance Company

Banners’ history began in 1949 and sixty-plus years later we are still a growing company. At year-end 2010, Banner had more than $415 billion of life insurance in force; according to A.M. Best we ranked 12th among all U.S. companies for new coverage issued in 2010.

Rating:

A+ (Superior) A.M. Best

Website

https://www.lgamerica.com/newbannermainsave.htm

5.     North American Co for Life and Health

Founded in 1886, North American has stood strong to help protect those who count on us for financial security. Through two world wars, the Great Depression, and multiple recessions, North American’s private ownership and focus on the long term has instilled trust and confidence in those that depend on us. In 2011, North American celebrates its 125th anniversary.

Rating:

A+ (Superior) A.M. Best

Website

https://www.northamericancompany.com/home

6.      Midland National Life Insurance Company

Midland National is one of the leading insurance companies in the U.S. Throughout the company’s history, Midland National has enjoyed steady growth, stability, and industry success. As a provider of financial stability, an essential part of continuing our enduring history is our broad product portfolio of life insurance and fixed annuities designed to fit individual needs.

Rating:

A+ (Superior) A.M. Best

Website

https://www.midlandnational.com/

7.       TIAA-CREF Life Insurance Company

TIAA-CREF Life Insurance Company (TIAA-CREF Life) is a wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA).  TIAA has one only ten life insurers to receive a perfect 100 Comdex Ranking.

Rating:

A++ (Superior) A.M. Best

Website

https://www.tiaa-cref.org/public

8.     Protective Life Insurance Company

In business for more than 100 years, they have built an outstanding reputation for providing customers with innovative, value-added and competitively-priced insurance products. As an industry-leading, nationwide provider of life insurance and annuities, they continue to provide insightful, intelligent ways to help customers minimize risk and achieve long-term financial goals.

Rating:

A+ (Superior) A.M. Best

Website

http://www.protective.com/individuals.aspx

9.     Ohio National Life Insurance Company

The Ohio National Life Insurance Company was founded on September 9, 1909.  As a leading provider of life insurance, Ohio National is known, not only for offering excellent policyholder value, but also for its wide variety of life insurance products. With such a large portfolio of products, you’re sure to find one that meets your needs.

Rating:

A+ (Superior) A.M. Best

Website

https://www.ohionational.com/portal/site/client/

10.   American General Life Insurance Company

American General began in 1925 in Texas.  On August 29, 2001, American International Group, Inc. acquired American General. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual through a variety of distribution channels in more than 100 countries and jurisdictions throughout the world

In the end, the best life insurance companies are able to sustain their success because they offer the most competitive prices while providing excellent to superior financial strength.  These things ultimately allow them to increase the value of their organization’s brand-while at the same time minimize the operating risk profile.  They serve as the premier life companies in America.

Rating:

A (Excellent) A.M. Best

Website

https://secure.aglife.com/life/life.nsf/contents/index

In the end, the best life insurance companies are able to sustain their success because they offer the most competitive prices while providing excellent to superior financial strength.  These things ultimately allow them to increase the value of their organization’s brand-while at the same time minimize the operating risk profile.  They serve as the premier life companies in America.

Photo: sam_chruchill

 

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