Everyone has their own reasons for getting an insurance policy these days. They are a lot of benefits you can enjoy when you have one. The trick is to find a legitimate company that can make the most out of your investment. Here are the top ten best life insurance companies you may want to check for yourself.
1. AllState Corporation
This company is the third-largest personal life insurer in the United States. It was founded in 1931 by Thomas J. Wilson. They initially offer automobile insurance and later expanded to fire insurance, homeowners, and life insurance policies.
The company also added other types of insurance such as worker’s compensation insurance, surety bonds, inland marine coverage, and a business package policy. They are advocates for responsible teen driving and they make great use of social media to bring their message across.
2. TransAmerica Corporation
It is a private holding company for different insurance companies and investment firms. Their services complement well with leading brokers in America, consultants, and third-party administrators.
The company is a leading provider in retiree health, supplemental health, life, and travel insurance programs using state of the art database technologies and expertise.
3. Prudential Life Insurance Company
This private insurance company is based in the Republic of the Philippines. It was founded by Daniel L. Mercado, Sr. on February 18, 1963. The company offers endowment plans, permanent plans, whole life plans, group plans, health care coverage, education and pension policies, and mortgage redemption insurance.
They also sell microinsurance, which costs as low as PHP 10,000, making it more accessible to Filipinos.
It is among the largest providers of insurance, annuities, and employee benefit programs in the world and has over 90 million clients. The company has about 2.5 million in policies written, $350 billion in assets, and over 12 million clients in the United States alone.
MetLife was ranked as the number one World’s Most Admired Companies in Insurance by Fortune Magazine in 2015.
5. State Farm Insurance
State Farm Insurance is a group of insurance and financial companies in the United States. It was founded in 1922 by a retired farmer named George J. Mecherie.
It originally specialized in auto insurance and later expanded the services into other types of, like homeowners and life insurance, banking, and other financial services.
6. ING Group
The ING Group is a Dutch multinational banking and financial services corporation. It offers retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services.
It was considered the world’s largest banking or financial services by revenue with gross receipts of more than $150 million annually.
7. Northwestern Mutual
It was founded in 1857 by John Schlifski. This company specializes in selling life insurance, long-term car insurance, disability insurance, annuities, mutual funds, and employee benefit services.
They also have services regarding asset consultations, income protection, personal needs, investments, financial planning, estate planning, trusts, business needs and retirement. They also offer non-insurance policies such as disability income insurance.
Primerica, Inc. is the largest independent financial services marketing organization distributors in North America. It uses a hybrid model of direct selling, franchising, and distribution. It is located in Gwinnett County, Georgia, and has currently moved to Primerica Parkways, Duluth, Georgia on March 15, 2013. The company sells long-term life insurance, including other services such as mutual funds, annuities, segregated funds, long-term care insurance, managed accounts, pre-paid service, auto and home insurance, credit monitoring, and debt management plans.
It has over 4.3 million clients and about 2 million client investment accounts.
9. New York Life Insurance Company
New York Life Insurance company is the largest mutual life insurance company in the United States. It is the first company to ensure people with disabilities and the first in providing disability benefit policies.
The company also sells annuities, long-term care insurance, mutual funds, retirement plan services, and institutional asset management.
10. American International Group, Inc.
The company is an American multinational insurance corporation, which offers three businesses AIG Property Casualty, AIG Life and Retirement, and United Guaranty Corporation. The AIG Property Casualty has insurance services that cater to commercial, institutional and individual clients. The AIG Life and Retirement offer life insurance and retirement services and lastly, The United Guaranty Corporation offers mortgage guarantee insurance and mortgage insurance.
The company also concentrates on retained interests, direct investments, and global capital markets operations.
Getting insured is the best you can do for yourself and your family. You may think it is unnecessary at the moment, but you better think twice before dismissing the whole idea. These insurance companies can help you plan your life ahead, in making your life more comfortable in the future. And in case, something happens to you, your family will not be left with anything. Insurance companies are there to secure their future as well.