Affordable Life Insurance Protection for Your Family

Term Life Insurance Ratings

Learn About Ratings for Term Life Insurance

What are the top-rated term life insurance companies?

Term life insurance is a good place to start your family’s life insurance program if you have never had life insurance coverage or need affordable life insurance protection.

Term insurance policies are cheaper than whole life or universal life insurance, and they provide protection for a set period of time up to 30 years.

The most important things to consider when choosing your term life plan include the amount of life insurance and the available riders for customizing your term policy to your needs, and the cost of life insurance protection.

Also, the insurer’s financial strength rating is a factor, since you want to make sure your insurer is going to be around to pay any claim on your life insurance policy. Request a free quote for term life insurance.


Top Term Life Insurance Companies


Top 10 Life Insurance Companies by Direct Premiums Written for 2015

  1. Northwestern Mutual Life Insurance Co.  –  A++  Superior
  2. New York Life Insurance Group  –  A++  Superior
  3. MetLife Inc.  –  A+  Superior
  4. Lincoln National Corp.  –  A+  Superior
  5. Prudential Financial Inc.  –  A+  Superior
  6. Massachusetts Mutual Life Insurance Co.  –  A++  Superior
  7. Manulife Financial Corp.  –  A+  Superior
  8. State Farm Mutual Automobile Insurance  –  A++  Superior
  9. AEGON  –    A+  Superior
  10. Aflac Inc.  –  A+  Superior

Source – Insurance Information Institute


Life Insurance Company Ratings

Each year the Insurance Information Institute (III) issues a list of the leading life insurance carriers from the previous year to help consumers choose the right life insurance company from the hundreds of life insurers who do business in the U.S.A.

AM Best is an independent financial rating agency that reviews the financial strength of life insurance carriers. The financial ratings are an indication of the insurer’s financial stability, security and ability to pay their claims.


Review of Three Top Term Life Insurance Carriers


New York Life


Features of Coverage

Financially Stable: New York Life has earned the highest financial strength rating from A.M. Best Company.

Easily Customizable: Add riders to cover terminal illness, family members, and your estate.

Short Policy Terms: New York Life allows you to purchase life insurance policies with terms as short as five years.


Quick Facts of Coverage

  • A.M. Best Rating: A++ Superior
  • Term Length: 5-20 years
  • Minimum Coverage: $100,000
  • Maximum Coverage: Varies


Northwestern Mutual


Features of Coverage

Term 80 Policy: The term 80 policy offers renewable coverage up until your 80th birthday.

Strong Financial Outlook: Northwestern Mutual boasts an A++ rating from A.M. Best Company.

Numerous Policy Riders: Customize your policy with disability income, estate protection, and long-term care riders.


Quick Facts of Coverage

  • A.M. Best Rating: A++ Superior
  • Term Length: 10-20 years, Term 80
  • Minimum Coverage: $100,000
  • Maximum Coverage: Varies




Features of Coverage 

Affordable: Transamerica’s term life insurance rates are among the lowest in the life insurance industry. 

30-Year Terms: Transamerica is one of the few insurance carriers to offer 30-year policy terms. 

Flexible Coverage Options: Transamerica offers term life policies with a minimum amount of coverage as low as $25,000.


Quick Facts of Coverage

  • A.M. Best Rating: A+ Superior
  • Term Lengths: 10-30 years
  • Minimum Coverage: $25,000
  • Maximum Coverage: $1,000,000


What to Consider to Find the Best Term Life Insurance Protection


Term Life Insurance Coverage

The best term life insurance offers flexible coverage levels and policy terms. It’s not uncommon for companies to impose $100,000 minimum coverage amount levels, but there are a few that offer cheaper term policies. These are better options if you’re on a budget.

As far as coverage terms, most life insurance providers have 10, 15 and 20 year policies, though you can find longer or shorter terms of coverage with a few insurance companies.

If you’re planning on switching to whole life or universal life insurance once your term ends, it’s best to choose a company that allows you to convert your term life policy, preferably without any medical exam required.

Life Insurance Policy Riders to Add Coverage

Policy riders help you customize your life insurance to give you extra coverage where you need it. Common policy riders include accelerated benefits for terminal illness, additional insurance, disability income, and estate-protection riders.


Financial Strength of Insurance Company

A life insurance company’s financial strength is as important as the coverage it offers. Since term life policies can last 20 years or more, you want to be sure the company you choose is going to be around that long. 

There are several organizations that measure a company’s financial strength, including A.M. Best, Moody’s and Standard & Poor’s. Comparing these ratings is a simple way to gauge the likelihood that your life insurance provider will be there when you need it.


Price of Your Coverage 

You can get quotes from multiple companies to find your most affordable price on your term life coverage.

Rates on term life vary by insurer since some carriers are more competitive with certain classes of applicants; such as, married couples, young adult, diabetics, non-smokers or people under 40.

That’s why it’s important to comparison shop for your plan so you can find out which insurers offer the most affordable coverage for your specific personal risk factors. 

Term Life Insurance Quotes


Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote

Term Life Insurance Cost Calculator

Term Life Insurance Ratings

Disclosure: Compensated Affiliate