With over 2,000 life insurance companies in the United States competing for your business, choosing the right one to protect your family can be overwhelming. In 2011 alone, the top ten life insurance companies jointly spent over $1 billion in ads trying to get you to buy their policy.
How to Choose the Best Company
As a former top producing life insurance agent, the first thing I do when shopping for life insurance is to compare rates. How do you do that? You can use a free service or quote engine such as the one on the one on this site, to impartially shop the top companies in America.
There are niches for each company, such as better rates for taking blood pressure medication over another company, so it is best to speak with an unbiased agent who can navigate the life insurance waters and find you the lowest rate.
A Secret about Shopping for Life Insurance
Unlike other insurances, life insurance is something you can purchase strictly based on price-most of the time. Since life insurance is a contract, as long as the company has a strong financial rating (“A” Excellent or better) by the leading independent rating agency A.M. Best, choosing a company based on the final underwriting price is one of the best ways to purchase.
List of the Best Term Companies
If you are a healthy 38 year old male, with a young family, looking for $500,000 of term life insurance here are the top ten life insurance companies:
Shop Smart & Educated
By using the free unbiased quote engine, you can instantly compare the best rates and even know the financial rating and underwriting requirements for that company, ever before speaking with an agent. Simply click “Match A Rate To Your Profile- View Underwriting Guidelines” and you can see what rate you will qualify for! To see additional ratings, click the “View Policy Details” button.
Today with advancements such as the internet, shopping for life insurance has never been easier and more transparent. No longer do you have to sit through long sales presentations trusting what the agent is telling you is the truth. Now you can anonymously price comparison shop the top term companies in America instantly to ensure you find the best life insurance company to protect your family.
*Above quote was using $500,000 coverage on a 20 year term for the best rate class for a present DOB: 1/14/1975