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Thinking about your own death may not be your favorite topic. But once you decide you need to buy life insurance, it’s worth spending a little more time making sure you are happy with the company you are buying it from. We’ve got you covered with our list of the 10 Best Life Insurance Companies. These top life insurance companies have made it big and are considered by many to be the best life insurance companies.
MetLife (Metropolitan Life Insurance Company)
MetLife was founded in 1868 and is headquartered in New York. It is a leading global provider of insurance, annuities and employee benefit programs, serving about 90 million customers. Present in the United States, Japan, Latin America, Asia, Europe and the Middle East through its subsidiaries and affiliates, MetLife counts over 90 of the top 100 Fortune 500 companies among its corporate clients. It is the largest life insurer in the U.S. in terms of total assets. If you still don’t know which company we’re talking about, they’re the ones with Snoopy in the ads. If you're looking for affordable life insurance, your search should probably include these guys.
Prudential Financial was founded in 1875 and is headquartered in Newark, NJ. It is a Fortune Global 500 and Fortune 500 company as well as a financial services leader. Some of the key products it offers include life insurance, annuities, mutual funds and retirement plan services. It has operations in the United States, Asia, Europe and Latin America. It is the second-largest life insurer in the U.S. in terms of total assets. Want cheap life insurance? Don't leave them out of your search.
TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund)
TIAA-CREF was founded in 1918 and is headquartered in New York. It is a full-service financial services company and the leading retirement provider for people employed in the academic, research, medical and cultural fields. TIAA-CREF currently serves 4.8 million individuals overall and is the third-largest life insurer in the U.S. in terms of total assets.
New York Life Insurance Company
Next on our list of 10 Best Life Insurance Companies is New York Life Insurance Company. It was founded in 1845 and is headquartered in New York. It is one of the largest life insurers in the world today. New York Life is one of only three life insurers to hold the highest life insurance ratings awarded to any life insurer by all four independent rating agencies. It is the fourth-largest life insurer in the U.S. in terms of total assets. With its standing in the life insurance company ratings, that's no surprise.
Lincoln National Life Insurance Company
Lincoln National Life Insurance Company is a subsidiary of Lincoln National Corporation. It was founded in 1905 and is headquartered in Fort Wayne, IN. Lincoln is a Fortune 500 company and one of the largest insurance and investment management businesses in the U.S. It offers universal life, term life, variable universal life as well as whole life insurance policies and it is the fifth-largest life insurer in the U.S. in terms of assets.
MassMutual (Massachusetts Mutual Life Insurance Company)
MassMutual was founded in 1851 and is headquartered in Springfield, MA. It is a Fortune 500 life and health insurance company, with 1,800 offices and 13 million clients worldwide. Mass Mutual provides financial products such as life insurance, disability income insurance, retirement/401(k) plan services and annuities. It is the sixth-largest life insurer in the U.S. in terms of assets.
Northwestern Mutual Life Insurance Company
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Northwestern Mutual was founded in 1857 and is headquartered in Milwaukee, WI. It is a US financial services mutual organization that specializes in life insurance, annuities, mutual funds and employee benefit services. In addition to being a leader in providing individual life insurance in the US, it is also the industry leader in total individual life insurance dividends paid to policy owners. It has earned its place among the top ten life insurance companies. It is the seventh-largest life insurer in the U.S. in terms of assets.
Principal Financial Group
Principal Financial Group was founded in 1879 and is headquartered in Des Moines, IA. It is a leading global financial company that offers businesses, individuals and institutional clients a variety of financial services. Their range of products include retirement plan services, insurance and investment products in 18 countries throughout Asia, Australia, Europe, Latin America and the U.S. It is the eighth-largest life insurer in the U.S. in terms of assets.
You probably know them for their duck. Aflac was founded in 1955 and is headquartered in Columbus, GA. It is a Fortune 500 financial services company that specializes in offering life insurance products in the U.S. and Japan. It also has a duck who quacks the company name as a mascot. Aflac offers a wide range of insurance policies to over 50 million customers worldwide. It is particularly known for its payroll deduction insurance coverage, which makes cash payments to policyholders when a serious accident or illness occurs. It is the ninth-largest life insurer in the U.S. in terms of assets.
Pacific Life Insurance Company
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Last on our list of 10 Best Life Insurance Companies is Pacific Life. Founded in 1868 and headquartered in Newport Beach, CA, it provides life insurance products, annuities, mutual funds and other investment products. More than half of the top 100 U.S. companies are currently clients of Pacific Life. It is the tenth largest life insurer in the U.S. in terms of assets.
Sure, you can go online and read life insurance reviews, and you don’t have to choose one of the top 10 best life insurance companies as your carrier. Still, it’s nice to have all the information when making the decision.