Best Term Life Insurance Company

How To Find The Best Term Life Insurance Company

Are you shopping for a term life insurance policy? If so, you’re probably wondering which is the best company for term life insurance.

That’s understandable, and it’s not difficult to find the best term life carrier. However, there are a few key factors to consider when comparing the best insurance companies for term life.

What Is The Best Rated Term Life Insurance Company?

New York Life – Rated A++ Superior by A.M. Best

New York Life offers 5, 10, 15 and 20 years of term life coverage starting at a minimum of $100,000 of coverage.

Northwesterrn Mutual – Rated A++ Superior by A.M. Best 

Northwestern Mutual offers different term ranges with policy death benefits starting at $100,000 of coverage.

Transamerica – Rated A+ Superior by A.M. Best

Transamerica offers reasonable prices on term life policies from 10 to 30 years of coverage. You can buy coverage starting from $25,000 of protection.


Specialty Term Life Insurance Companies

The best term life carrier for you may depend on your own personal risk factors. Some life insurers are more competitive than others when it comes to insuring the life of a smoker, diabetic, senior, or young people.

For example, Prudential is one of the best life insures for smokers of cigars, pipes and chew (not cigarettes).

AIG is competitive when it comes to insuring diabetics.

Banner Life offers some of the lowest rates on life insurance for young adults.

ING Reliastar is competitive even if you have a family history of cancer.

Transamerica offers great underwriting and excellent rates for seniors, especially those over age 60.

WholesaleInsurance offers you instant life insurance quotes from 40 of the leading life insurance companies. Request your free term life insurance quotes


Affordable Term Life Insurance Companies

Here is a list of the life insurance companies offering some of the most affordable term life insurance policy premiums:

  • Fidelity Life Insurance Company
  • ING Reliastar Life Insurance Company
  • Transamerica Life Insurance Company
  • Genworth Lifer Insurance Company
  • Prudential Life Insurance Company
  • MetLife Life Insurance Company
  • Protective Life Insurance Company
  • SBLI Life Insurance Company
  • Banner Life Insurance Company
  • American General Life Insurance Company

 

Which Term Life Insurance Companies Have Issued The Largest Amount Of Direct Written Premiums?

Here is a list of the term life insurance companies that have issued the largest amount of direct written term life insurance premiums in recent years:

  • Northwestern Mutual
  • Metropolitan Life Insurance Company
  • New York Life Insurance Group
  • Aflac
  • Lincoln National Corp.
  • Manulife Financial Corp.
  • Prudential Financial Inc.
  • Massachusetts Mutual Life Insurance Co.
  • State Farm
  • Aegon


What Is The Top Term Life Insurance No Exam Company?

Here is a list of top term life insurance companies no medical exam required.

  • Fidelity Life Insurance – Quick issue life insurance for people age 65 and under. They offer very competitive rates.


What Are The Top Term Life Insurance Companies for Seniors?

Here is a list of top term life insurance companies for seniors

  • Banner Life – Most competitive rates for people age 60 and over.
  • Prudential – Affordable rates from a highly-rated insurance company.  
  • Transamerica – Great underwriting and excellent rates for seniors over 60.

 

What Factors Impact Term Life Insurance Premiums?

The type and amount of life insurance you need will play a large part in the cost of your life insurance. 

In addition, there are several key rating factors that determine the price you pay for your life insurance coverage. Among the leading rate factors are the following:

Age and Gender – Your age will affect the price you pay, as you get older your life expectancy is shorter, so people who buy life insurance at a younger page pay less. Also, since women live longer than men on average, a woman will pay less for the same amount of life insurance compared to a man in the same health.

Health and Family Health History – If you are healthy you’ll get a lower rate for life insurance compared to someone with health problems. And, if your parents lived long healthy lives you may qualify for a lower rate compared to someone who’s parent passed away at a young age due to heart failure or cancer.

Lifestyle Habits – Smokers may pay a much higher premium (2 -3 times more) compared to non-smokers, for the same type and amount of life insurance. Also, people who are obese or overweight may be charged a higher rate for the same life insurance compared to someone who is not overweight.

Career – The type of job you do will impact your premiums for life insurance. If you have a high-risk occupation like firefighter or blasting contractor, you’ll probably pay more for life insurance than someone with a low risk job.

Hobbies – People with high risk hobbies; such as, rock climbing, sky diving, and bungee jumping, pay higher premiums for life insurance than people who do not take part in high risk activities.

Driving Record – If you have several speeding tickets, accidents or DUI’s in the last 3 to 5 years, you’ll probably pay a higher premium for your life insurance compared to someone with a good driving record.


Life Insurance Quotes


Top Pick – WholesaleInsurance

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Highly Recommended – Haven Life

  • Get up to $1,000,000 of affordable term life insurance today
  • Apply online in under 20 minutes, start coverage today
  • Backed by MassMutual, rated A++ by AM Best



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