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Top Life Insurance Companies in the United States

Top Life Insurance Companies in the United States: With more than 800 insurance companies in the United States, you could spend months comparing quotes and analyzing ratings without ever knowing for sure that you’d chosen the right company. There are other great companies out there, but these given below consistently offer the best products and customer service, and they exhibit strength and stability, which means they’re more likely to be there when you need them.

Here is the list of some of the Top Life Insurance Companies in the United States that you will find suitable:

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. Even if you do need a medical exam, Haven Life’s process is quick and easy to navigate.
Haven Life offers only term life insurance, which is usually the simplest and most affordable type of coverage, especially if you’re young and in good health. The agency’s policies are backed by MassMutual which has earned the highest financial ratings offered by A.M. Best and other insurance company rating agencies.
If you are looking to get term life insurance with the least hassle and faster than any other company can offer, then Haven Life is going to be your top company.

2. Banner Life Insurance
It is a leader in terms of life insurance product diversity and customer service. The company has been operating since 1949, and it currently holds about $415 billion in premiums in force.
Banner Life has both comprehensive and flexible coverage options. For example, they offer special rates for younger or health conscious individuals. In addition, people up to age 95 can apply for a Banner Life term policy, which is nearly unheard of in the insurance industry. Banner Life has earned high ratings, including an A+ from A.M. Best, an AA- from Standard & Poor’s, and an A from Fitch Ratings making it land on the list of Top Life Insurance Companies in the United States. The company also has earned an A+ rating from the Better Business Bureau.
With more than 49,000 employees and clients in over 80 countries and jurisdictions, AIG, or American International Group, is often considered the world’s largest insurance organization.

3. Prudential
Another long-standing, top life insurance company is Prudential, which manages more than $1 trillion in assets for clients throughout the world.
Prudential offers a number of different policy options, including term and permanent coverage. Permanent coverage from Prudential includes universal, indexed universal, variable universal, and survivorship universal life insurance.
The 140-year-old company has earned high ratings, including an A+ from A.M. Best, an AA- from Standard & Poor’s, an A1 from Moody’s, and an A+ rating from Fitch. We’ve noticed that applicants who use chewing tobacco often prefer Prudential because the company does not place chewing tobacco users into its classification for smokers, and this can save a huge amount of money. For example, a 37-year-old man who uses chewing tobacco can save thousands of dollars a year with Prudential.

4. Met Life
MetLife, another well-known insurance and financial services provider in the United States and globally, offers a variety of policy options, including term, whole life, universal, variable, and survivorship plans.
MetLife also offers a simplified issue term life insurance which does not require applicants to get a medical exam. This can be a good option for those who have health-related issues that might make a medically underwritten policy too expensive or impossible to buy.
MetLife has earned an A+ from A.M. Best, an AA- from Fitch, an Aa3 from Moody’s, and an AA- from Standard & Poor.

5. My Voya Review
Formerly known as ING, Voya Financial has emerged as a leader in today’s financial and insurance services industry and ranks 5th on the list of Top Life Insurance Companies in the United States. The company is comprised of premier insurance, investment, and retirement companies, and it serves roughly 13 million clients 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 about $519 billion in total assets under management, and it is considered a top five retirement plan provider based on the number of plans, participants, and assets.
Voya Insurance and Annuity Company has earned high ratings: an A from A.M. Best, an A- from Fitch, an A3 from Moody’s, and an A- from Standard & Poor.

6. Mutual of Omaha
Mutual of Omaha has been serving customers in the life insurance arena for more than a century. It provides a wide variety of products including term, whole life, universal life, and accidental death.
The company provides easy-to-follow online steps to help customers determine how much coverage they may need. The site also offers calculators to help determine how long life insurance proceeds may last.
Mutual has earned best life insurance company status from the rating agencies due to its financial strength and claims-paying history.

7. New York Life Insurance Company
New York Life Insurance Company opened more than 170 years ago, and the insurer has more than $425 billion in managed assets. It serves policyholders in both the United States and around the world.
New York Life offers term, whole life, universal life and variable life. The company is a financial stalwart, earning an A++ from A.M. Best, an AA+ from Standard & Poor’s, an AAA from Fitch, and an Aaa from Moody’s Investor Services making it rank high on the list of Top Life Insurance Companies in the United States.

8. Lincoln Financial Group
Lincoln Financial Group provides numerous coverage options, including term, universal, and variable universal life insurance coverage. Lincoln also has a combination life / long-term care option whereby a policyholder can use a universal policy as an alternative to purchasing a stand-alone, long-term care insurance policy.
The Lincoln Life and Annuity Company has earned high marks from rating agencies, including an A+ from A.M. Best, an AA- from Standard & Poor’s, an A1 from Moody’s, and an A+ from Fitch. See our detailed review of Lincoln Financial Group.

Do check out our blog post on How to Find Best Mortgage Rates.

Best Health Insurances in 2018

All the health insurance providers in America are regulated under the PPACA, the Patient Protection and Affordable Care Act which is actually nicknamed as Obamacare. This act was carried out to offer affordable and quality healthcare to Americans by regulating the health insurance industries. With this act, it is mandatory to most of the Americans to have a medical insurance. We have curated a list of some of the best health insurances in 2018 based on the different budgets and family size.

Best Health Insurances in 2018 based on the annual data from National Association of Insurance Commissioners (NAIC):

1. Blue Cross Blue Shield
One of the largest health insurance providers in America, Blue Cross Blue Shield comprises of 37 local and independent operated companies. One of the major advantages of this health insurance is the variety of plans available for every individual that too on a budget and more individualized attention. Though, the quality of service can vary according to the geographical location. There are more than 20 different plans with affordable prices to choose from as well as certain discount programs on health and wellness products. It also allows you to compare 3 of your selected plans side by side and choose the best for you accordingly.

2. Humana
It is one of the best health insurances in 2018 you can afford for your entire family. The company operates in 22 states of America and offers a wide range of health insurances at lowest rates to choose from. When compared to the others in terms of additional benefits as well as prices, the Humana scores the top position. They also have additional wellness programs for individuals and families. They offer around dozen plans that can also include dental as well as vision. You can see that majority of its plans includes home healthcare for old people with chronic illness. Though, they do not offer any short-term plans.

3. Kaiser Permanente
Kaiser Permanente is one of the health insurances companies that operates in 8 states of America as well in Washington, DC. They have their own team of doctors and other healthcare facilities. The premium services as well a variety of plans makes it one of the strong options to choose from. The policies are way less expensive as compared to other services mostly in terms of old age health plans. Though it is important to look out for the reputation of its service in your geographical area and choose accordingly. The service does not cover any outside specialists. They do not cover any person under the plan if he/she is not present in America at the time of need.

4. Aetna
Aetna is one of the insurance companies that offer a plethora of insurances including the health insurances for you and your family. You can choose from private health insurance covers through health exchange including the dental and vision plans as well as student and international insurances. You can also add their supplemental insurances to your current plans. The company offers a majority of cheapest rates but offers no short terms plans that can cover the gaps in insurance which is the major downside. They also allow you to add health insurance to their supplemental plans.

5. United Healthcare
United Healthcare is one of the health insurances company that works under the ACA to offer protection to your family’s health. Their health plans might be expensive as compared to the ones stated earlier but they do offer excellent services. They have an online presence to cater to your need and offers you an online account manager that can track your status. They also have doctors to write subscriptions, offers you an access to the wellness programs and a nurse hotline. It is easy to manage all your health status aspects electronically. You can search the best plan for you with minimum information within seconds.

6. Cigna
Another one of the best health insurances in 2018 is Cigna that covers all your medical insurance with the supplemental dental and vision plans. All the plans of the company are in accordance with ACA. They have services in only 12 states of America and has no short-term plans that can cover the gaps in your coverage. They have a healthy website that can allow you to choose your plan accordingly and effectively with their handy features. It also offers prescription services according to your geographical area. The search function allows you to see if your medications are covered under your specific plan.

7. Assurant
It is one of the health insurance companies that offer a variety of health insurance plans both short term as well as long terms with some international plans all credited under the ACA guidelines. Though it is slightly expensive than the other plans offered, they do present you with secondary networks to broaden your choice of doctors. All the plans offered are flexible as well as can be supplemented with additional facilities. The website is quite easy to use. All you have to do is fill in the simple details and choose the best plan for you by comparing and selecting up to three of them.

Do checkout our blog post for best credit cards for 2018.