Finding the best life insurance company can be complicated if you don’t know what to look for.
Not all life insurance companies evaluate applicants the same way. You may see similar pricing among companies and think they are all the same, when in reality, one company may be far better for your situation.
That’s where we can help you!
How We Evaluate Life Insurance Companies
Every company review on RiskQuoter focuses on factors that matter to real applicants.
- Pricing Competitiveness
- Underwriting Flexibility
- Policy Options
- Financial Strength
When we review your life insurance needs, we’ll match you to the best companies based on your unique situation.
Life Insurance Companies Reviewed
We continue to update our site regularly with life insurer reviews of companies that are part of the American Council of Life Insurers (ACLI).
Here are some of the companies we have reviewed.
| Company | Why We Like It |
|---|---|
| Banner Life Insurance | Affordable term life, accelerated underwriting, instant approvals. |
| Protective Life Insurance | Strong term and universal life options, long-term value. |
| Prudential | Best for high-risk health conditions, strong term, and universal life. |
| Lincoln Financial Group | Great for index universal life insurance and underwriting impairments. |
| Corebridge Financial | Competitive term life and final expense insurance. |
| Pacific Life | Great ratings and guaranteed universal life; top pick for individuals with HIV+. |
| John Hancock | Flexible underwriting, unique wellness programs, good for older applicants. |
| Mutual of Omaha | Flexible underwriting, unique wellness programs, and good for older applicants. |
| Mass Mutual | Industry leader for whole life insurance and dividends, strong financial strength |
| Northwestern Mutual | Industry leader for whole life insurance and dividends, with strong financial strength |
Types of Life Insurance Companies
Some of the main types of companies include:
- Mutual Life Insurance Companies
- Stock Owned Life Insurers
- Fraternal Insurance Companies
Each type has its own set of objectives.
Best Life Insurance Companies
Here are some of your best options based on the type of life insurance you need.
Best for Term Life Insurance
| Company | Accelerated Underwriting | Instant Approvals | Accelerated Illness Benefits |
|---|---|---|---|
| Banner | YES | YES | Terminal |
| Corebridge | YES | YES | Terminal, Chronic |
| John Hancock | YES | NO | Terminal |
| Lincoln National | YES | NO | Terminal |
| Pacific Life | YES | NO | Terminal |
| Progressive | YES? | Yes? | Unknown |
| Protective | YES | YES | Terminal |
| Prudential | YES | YES | Terminal, Chronic |
| SBLI | YES | NO | Terminal |
| Symetra | YES | YES | Terminal |
| Transamerica | YES | NO | Terminal, Chronic |
In addition to these companies, we’ve also reviewed Japanese life insurance companies that have bought American companies.
Best Companies for Whole Life Insurance
If you’re looking for a dividend-paying whole life insurance policy, the best companies available include:
The best whole life insurance policies offer you the ability to customize coverage by adding riders, choosing how your dividends are applied, and offering you the ability to blend whole life and term insurance.
Best Companies for Universal Life Insurance
Life insurance companies that offer guaranteed universal life insurance with lifetime guarantees include:
Other companies that offer universal life include Allstate and Augustar.
If you are looking for index universal life insurance policies with performance tied to stock indexes, consider these companies:
- American National
- Corebridge Financial
- John Hancock
- Lincoln Financial Group
- Nationwide
- North American
- Prudential
- Equitable
Best Final Expense Life Insurance Companies
Final expense insurance is heavily marketed to consumers, but many of these policies are overpriced and offer poor value for the money. You may qualify for a better-underwritten policy instead. You may want to read our guide – Are Final Expense Insurance Policies Worth It?
Companies offering these simplified policies include:
- AARP Life Insurance
- Assurity
- Colonial Penn
- Foresters
- Fidelity Life
- Gerber Life
- Guarantee Trust Life
- TruStage
- Wellabe
- Sagicor
- Primerica
Mutual of Omaha also offers final expense insurance.
Best Companies for High-Risk Applicants
We specialize in high-risk life insurance for people with medical conditions, dangerous jobs, or risky hobbies such as adventure sports.
Prudential – Best for health risks like cancer, heart disease, diabetes, HIV+
Pac Life – The best company for HIV+, does very well with height/weight cases
John Hancock – Friendly for older ages and height/weight
Corebridge (AIG) – One of the best companies for ulcerative colitis, Crohn’s, and diabetes.
Other companies that we reviewed include:
- Jackson National Life Insurance
- Cincinnati Life
- Geico Life Insurance
- Minnesota Life
- Brighthouse Financial
- West Coast Life
- Western Reserve
Final Thoughts
Choosing the right life insurance company is just as important as choosing the right policy.
Different companies specialize in underwriting, product types, and pricing.
Taking the time to compare companies will ensure you choose the best one to meet your insurance needs.