Top Life Insurance Companies List

How do we Rank Top LIfe Insurance Companies?

There are so many ways to rank US life insurance companies. You could rank the biggest companies that take in the most premium dollars every year. Or your could do a financial ranking to determine which insurers are the most financially secure. Last, but not least, we could consider customer satisfaction. Which life insurance companies get the best customer satisfaction and the least consumer complaints?

Some Ways To Rank Life Insurance Companies

• Size, including revenues and assets.
• Financial stability as analyzed by 3rd parties like AM Best.
• Low consumer complaints and high customer satisfaction.
• A company that is friendly to an applicant like you. For instance some companies may be more willing to underwrite people with health issues while another company may offer you a fantastic discount for good health habits.

Top 10 Life Insurance Companies By Premiums (From the Insurance Information Institute):

Rank        Revenue Assets
1 MetLife $53,150 $558,562
2 Prudential Financial 34,401 485,814
3 New York Life Insurance 29,280 179,621
4 TIAA-CREF 27,526 420,315
5 Massachusetts Mutual Life Insurance 25,268 172,911
6 Northwestern Mutual 22,597 156,547
7 AFLAC 15,393 65,805
8 Genworth Financial 11,443 114,315
9 Principal Financial 10,907 154,520
10 Lincoln National 10,738 191,43

When we look at the amount of premium or policies that insurers write, it certainly says something about the company. But it may say more about their marketing efforts than their actual products since many consumers do not do a lot of research before they buy life insurance.

Top Life Insurance Companies by Satisfaction

You May be Paying Too Much for Insurance
Compare Top Insurance Company Rates

The American Customer Satisfactin Index scores companies on several factors. They rated Prudential, Met Life,  Northwestern Mutual, and New York Life as the top 3.  These are some of the most well known companies in the US, and according the the ASCI, customer satisfaction is some indication of financial performance. This seems logical too.

Rates and Plans are Local, and Not National in the US

Besides, life insurance rates and plans are local, and they are really regulated at a state level. It will probably help you more, as you search for the best life insurance company, to find the top insurers in your own local area. And you will certainly want to take more than revenues into account. You will also want to balance financial stability, plans that work for you, and of course, price.

Show Life Insurance By Price and Plans Too

Do not assume all of the top insurers charge the same price either. When we compared the premiums for identical policies, applicants, and face amounts we found a $300 a year premium difference between top insurers in one area! That $300, spread over 20 years, means a $6,000 difference!

Find the Lowest Price Top Ranked Life Insurance Company

In order to find the best premium for a top insurer, you will need to do some price comparisons with your own information. While some insurers may offer a substantial discount for good health habits, another insurer may not be friendly to people over 50!

Compare Top Life Insurance Companies! One safe, fast, and free form can save you hundreds of dollars on life insurance.

Finding the top life insurance company really means that you find the best life insurance for you!

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