The 10 best life insurance companies of 2021

In the following ranking, it will be presented the 10 best life insurance companies of 2021. Life insurance is essential if you have anyone in your life who depends on your income. The good news is that life insurance doesn’t cost as much as you might think it does.

To create this rating, we evaluated lots of companies, scoring each of them on elements such as financial strength, customer service and cost. Here’s the list of the 10 best life insurance companies!

10. MassMutual

MassMutual offers several types of insurance. The company offers the ability to purchase a Term Direct policy through its website. For all other policy types, you will work with an insurance agent. Compared to other companies in the list the list, MassMutual’s website offers only very general information on its policies. However, the company is perfect especially for customers with complex financial needs.

9. Primerica

Compared to other life insurance companies, Primerica’s insurance product offerings are quite simple. Primerica offers only one type of term life insurance policy. That means Primerica is perfect for the customer who has already decided on a simple term life insurance policy. Primerica does not offer lots of online tools or easy-to-find information on its website, so it’s a better fit for potential customers who prefer to work with an agent.

8. Nationwide

Nationwide, founded in 1925, is now one of the largest financial services companies in the world. It offers a wide variety of services, and it’s a great option for life insurance. The company has numerous life insurance options available for potential customers to choose from, including customizable policies, in order to best fit specific needs.

7. Guardian Life

Guardian is a great option because the company offers multiple types of plans including term (up to 30 years), whole and universal life insurance. The company also helps you see how life insurance fits into your budget with its online price calculator. The company also offers many other kinds of insurance, so you can keep all your insurance needs under one provider.

6. Pacific Life

With a broad range of life insurance product offerings, Pacific Life can easily address the needs of most potential customers. The company offers term life, whole life, universal life and indexed universal life, with long-term care benefits. However, Pacific Life does not offer some of the most popular online resources, such as online applications or online quotes.

5. Principal

Some of the factors that make Principal a great choice for life insurance customers are its straightforward policies and easy to use online calculators. The company offers both term life insurance policies and universal policies. Another positive thing is the accelerated underwriting policy. Principal has also representatives in 25 countries around the world.

4. Banner Life (Legal and General America)

Banner life, the cheapest life insurance company, offers a good life insurance option for many, which is also easy to understand. The company gives its customers the options for a term life or a universal life policy. It offers a few basic riders, such as an accelerated death benefit, that allows customers to customize their plans.

3. State Farm

One of State Farm’s strengths is its abundance of product offerings in term of life insurances. Customers of all ages will be able to find a type of coverage that works for them, and they’ll also have the ability to customize their policies. Still, having so many options may be a negative for customers looking for simple coverage choices.

2. Haven Life

Haven Life’s strength comes from its simple, online functionality. The insurance provider favors a commission-free term life insurance policy that is easy to apply for and manage. Haven Life’s simple process means that even the most difficult choices regarding insurance policies are relatively straightforward. Its main drawback is that it only offers term life policies.

1. Northwstern Mutual

Northwestern Mutual offers a traditional approach to life insurance, with plenty of coverage options and a low-tech but personalized method of determining coverage needs. This company is the first out of the 10 best life insurance companies thanks to its numerous options and coverage types, giving consumers flexibility to research and select the best plan for them.