The best life insurance companies are those that have good customer service, are financially sound, make the application process easy, and provide a wide range of features.
America's Best Life Insurance Company of 2022.
Overall Best Company
Nationwide
- Nationwide obtained an A+ financial stability rating from AM Best.
– Ranked second in J.D. Power’s 2021 customer satisfaction study.
-It has few Customer Complaint.
– Living benefits included on most policies.
– It also allows credit card payment
Best for Term Life Insurance
It is founded in 1907, Protective backs its coverage with an A+ rating from AM Best for financial stability.
Protective
– Offers term coverage for up to 40 year
– Allows credit card payment
BEST FOR FINANCIAL STABILITY
It has A++ financial rating from AM Best.
This is the highest rating a company can receive and indicates a “superior” ability to pay claims.
– Long history of paying dividend
– Very few complaint
– Liberal term conversion option
– Doesn’t accept credit card payment
BEST FOR LIVING BENEFITS
Mutual of Omaha
- It's AM Best Rating is A+
- Many plans with living benefit
– Wide range of riders available
– Guaranteed issue option
FEWEST COMPLAINTS
- its AM rating is A++ for financial stability.
- Below average number of complaints in 2021
- Whole life policies are eligible for dividend