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Top 10 Best Life Insurance Companies in USA

Top 10 Best Life Insurance Companies in the USA in 2017: The purchase of life insurance can be one of the biggest decisions you ever make. Having this important coverage, and getting the right type of life insurance, can ensure that those you love and care about the most will be able to move forward financially – even in the event of unexpected and emotional circumstances.

List of Top 10 Best Life Insurance Companies in the USA in 2017

1. Haven Life

Haven Life has upended the traditional process of acquiring term life insurance by getting rid of the medical examination for people who qualify. Haven Life is solely focused on term life insurance products and does not offer any permanent life insurance coverage. They are a subsidiary of Mass Mutual and have received the highest financial ratings offered by A.M. Best and other insurance company ratings agencies.

2. Banner

One of the top insurers includes Banner Life Insurance. This company is a leader in the area of both products offered, as well as its stellar customer service. The company has been operating since 1949, and it currently holds approximately $415 billion in premiums in force. Although Banner Life offers predominantly term and universal life products, the unique features that are inclusive within these offerings make this a company to pay attention to. For example, with Banner Life Insurance Company's term policy, individuals can apply up to age 95. This is a far cry from most other insurers that make the cut off age 65 or 75.

3. AIG

AIG is great at rating people who are borderline for pushing into a different rate class, due to their weight. AIG, or American International Group, is generally considered the world’s largest insurance organization. The company has more than 90 million clients in more than 100 countries, many of whom hold life insurance policies with the oganization. The firm has been in operation for more than 95 years, beginning its operation in 1919. This insurer offers a wide variety of insurance products to choose from, including term, whole, universal, index universal, and variable universal life insurance. AIG's term policies typically range in length from 10 to 30 years, and frequently increase in 5-year increments.

4. Prudential

Prudential is the top company for people who use chewing tobacco. This is because they do not rate chewing tobacco users for smokers rates. Another of the long-standing top life insurance companies is Prudential. This large insurer and financial company has been in operation for almost 140 years, and has helped both individual and business clients to grow and prosper financially. The firm has customers worldwide. At present, Prudential has approximately $1.160 trillion in assets under management.

5. Met Life

MetLife is considered to be one of the leading global providers of life insurance and annuities. The company holds a leading market position in both the United States, as well as across the globe. This firm also has a long history, beginning its operations more than 140 years ago. The company provides a number of different policy options, including term, whole life, universal, variable, and survivorship plans. MetLife also offers a simplified issue term life insurance option whereby there is no medical exam required for underwriting. This can be a good option for those who have health related issues, or who fear needles and wish not to undergo a blood test for underwriting purposes.

6. Voya Financial

Formerly known as ING, Voya Financial is a very strong insurance and financial contender in today's industry. The company is made up of premier insurance, investment, and retirement companies, and it serves roughly 13 million individual and business customers in the United States. Voya provides a wide array of coverage, including term life, universal life, indexed universal life, variable universal life, and survivorship policies. The company currently has approximately $519 billion in total assets under management, and it is considered to be one of the top five retirement plan providers based on the number of plans, participants, and assets. Voya is also considered to be a top tier provider, according to LIMRA's second quarter 2014 Final Premium Reporting.

7. Mutual of Omaha

Mutual of Omaha has been serving customers in the life insurance arena for more than a century. Not to be outdone by the others on this list, it too provides a wide variety of products to choose from, including term, whole life, universal life, and accidental death. The company provides easy to follow steps on its website to help consumers determine how much coverage they may need, as well as how long they may expect to live. There are also calculators to help in determining how long life insurance proceeds may last. Mutual has earned it best life insurance company status from the ratings agencies due to its financial strength and claims paying history. Learn more about the company in our review of Mutual of Omaha.

8. Genworth Financial

Genworth is yet another of the financial giants that can be relied upon for coverage if or when it may be needed. The company has been in operation since 1871, and at present it possesses more than $100 billion in assets. Genworth has a presence in more than 25 countries worldwide. The firm's life insurance product selection includes term life, whole, guarantee universal, and index universal life plans. Term policies can range between 10 and 30 years in length. Due to its past stellar claims paying ability and tremendous financial strength, Genworth has earned top ratings from the ratings agencies, including an A from A.M. Best. However, in more recent times, Genworth has had some policy rate increases, and is currently under review by some of the ratings agencies. Learn more in our review of Genworth Financial.

9. New York Life Insurance Company

New York Life Insurance company began its operation almost 170 years ago. Since that time, the insurer has built up its assets under management to more than $425 billion. It serves policy holders in both the United States and around the world. The policies that are offered by New York Life includes term, whole life, universal life and variable life. New York Life Insurance is extremely strong financially, obtaining an A++ from A.M. Best, an AA+ from Standard & Poor's, a AAA from Fitch, and a Aaa from Moody's Investor Services. Get a more detailed review of New York Life Insurance Company.

10. Transamerica

Transamerica will issue 30 year term polices up to age 58. Most companies will not issue a 30 year term policy on a person seeking life insurance who is over 50. Transamerica began its operation more than 111 years ago, and today it has grown substantially into a financial and insurance powerhouse. It's life insurance company boasts an A+ rating from A.M. Best, an A1 from Moody's, an AA- from Fitch, and a AA- from Standard & Poor's. Get free quotes by using the form on this page or learn more with our Transamerica review.

With your family’s financial security on the line, reading through these crucial details and conducting some research on your own is an excellent use of your time. Hope you like the article and if you have any query or suggestion then please ;eave a valuable comment. Take care, bye.

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