If you’re the main provider for your family or are worried about their financial future if you were to pass, a life insurance policy can provide peace of mind.
Life insurance can help your family cover final expenses, education fees, loss of income, or any other financial need.
Below, you’ll find our selection of the best life insurance companies for January 2022. Learn all about coverage options, including different types of policies and premiums.
Our Top Picks for Best Life Insurance Companies
Best Term Life
Best for Mutual Insurance
With a Life Insurance policy you can take care of your family the right way.
Should anything happen to you, you’ll want to leave your loved ones a financial nest egg for their wellbeing. Click on your state to find out more.
Bestow is the best option for no-exam life insurance for reasons that include its speed and convenience in issuing policies. Its application process is fully online and uses your identifying information and questions about your medical history, hobbies and lifestyle to help determine your premiums.
You can obtain a quote, purchase insurance, and obtain coverage on the same day without any physical paperwork.
Its policies are issued by top-rated insurer North American Company for Life and Health Insurance. The company also offers a comprehensive library of helpful information.
Why we chose this company
Bestow is designed for those who particularly value a quick application process, with rapid decisions on coverage without the need for a medical exam. (If you’re not clear on what life insurance without a medical examination is, read What Is No-exam Life Insurance.
Best for Policy Customization: Northwestern Mutual
Though it could list its insurance policies more clearly,Northwestern Mutual offers a broad range of life insurance options, including term, whole, universal and variable universal life insurance. It also offers both types of term life insurance premiums: annual renewable and level-premium.
The annual renewable type offers an initial low premium that increases with each annual renewal, while level premium ones maintain the same premium throughout the term.
With its CompLife and Whole Life Plus policies, Northwestern also offers policies that incorporate what’s known as a laddering strategy. With this approach, a portion of the coverage you buy is term life insurance while the rest is of the whole life variety. This is an excellent strategy for those who may have both short- and long-term insurance needs.
Like its competitors, Northwestern offers riders to customize your policy, including those for Additional Purchases and Waivers of Premium.
Why we chose this company
Few life insurers can match Northwestern Mutual for its combination of exceptional customer service and financial stability, as measured by third-party ratings. The company holds the highest possible financial strength ratings from AM Best (A++ or Superior), Moody’s (Aaa), and Fitch (AAA).
It’s also among the very highest-rated insurers in the latest J.D. Power Life Insurance Customer Satisfaction ranking, and has very few complaints registered with various insurance agencies.