The best life insurance companies 2016 offer the lowest rates, are highly rated and have the most favorable consumer underwriting guidelines for 2016. The companies that made are list have been carefully monitored, researched and most importantly; are tried-and-true as they are the ones we trust to place our clients with. Some of the companies are household names and the others are not as well known but are best life insurance companies in America. When looking for the right life insurance company to protect your family you want to look at price, underwriting, company history and their financial rating. The companies on our list check all of those boxes.
Best Life Insurance Companies 2016
Prudential Life Insurance Company also known as Pruco Life Insurance Company is one of our favorite life insurance companies in America in 2016. Prudential is the second largest life insurance company in America, has been in business since 1875 and is Superior rated by the top rating agency A.M. Best. Prudential also has the best life insurance underwriting guidelines for many categories including; healthy people, those taking pain medication such as Norco, Vicodin, Lortab, Demerol, Tramadol and Oxycontin, those taking one to two anxiety and depression medications like Paxil, Prozac, Zoloft, Celexa or Lexapro. In addition, Prudential has the most favorable height and weight guidelines for seniors. They also have great rates and underwriting for private pilots. Prescription medical marijuana users can qualify for the best rate class with Pruco. Prudential also has the best travel guidelines for international travel including most mission trips qualify for the best rate class. Prudential also allows for non-tobacco rates for chew, dip, snuff, cigars, pipes, e-cigarettes users. Prudential is one of the most well-known and trusted life insurance companies in the world with often the most favorable underwriting.
American General Life Insurance Company, also known as AIG Life Insurance Company is one of our favorite life insurance companies in 2016 and they been for the past decade. AIG has some of the lowest rates in the entire country on term life insurance and they offer great underwriting. We put a great deal of our clients with American General Life Insurance Company and there are many reasons why. First, AIG currently has some of the lowest rates in America on term life insurance in 2016. Secondly, American General just updated their underwriting guidelines and they are even more consumer friendly. American General allows the best rate class, Preferred Plus, for someone taking a blood pressure medication, such as Lisinopril, with evidence of blood pressure control for past 6 months of 135/85 for ages 60 or under and 140/85 for ages 61 and older. AIG also has some of the best underwriting in 2016 for sleep apnea, type I and II diabetes, including insulin diabetes, cigar users up to 52 a year and still get best rate class nonsmoker, even low blood pressure. Third, American General has great customer service and allows you to make policy changes such as beneficiary or address changes online as well as calling their award winning customer service. American General Life Insurance Company is A Excellent rated by A.M. Best and has been in business since 1850.
Protective Life Insurance Company makes our list as one of the best life insurance companies 2016. Protective Life may not be a household name like AIG or Prudential, but Protective Life is quickly growing and becoming a preeminent life insurance company in America. Protective Life has been around since 1907, is Superior rated by A.M. Best and offers some of the lowest rates in America on term and universal life insurance. Protective’s rates are difficult to beat and is a leading factor why they’re growing so quickly. Protective Life’s term policy is unique in that it allows the policy holder to have a fixed price during the term that is selected, 10 to 30 years. However. what’s unique is that when the initial term period expires Protective allows the policy holder to keep the premiums at the same rate just, the coverage amount decreases. This is the opposite of traditional term life insurance policy and many people prefer this since many don’t need as much coverage at this certain point in the future, i.e. when the term ends and Protective allows the policy holder the same price as before just a lower face amount. Protective also signed a deal with Costco last year which is also driving their sales and brand recognition.
Banner Life Insurance Company, a subsidiary of Legal & General, is one of the top insurance companies in America in 2016. Banner Life’s term life insurance rates are often some of the lowest in the country. They also have great underwriting for healthy people and for diabetics, type I and II including insulin or Metformin treatment. Also, Banner has the best table rates in America which helps people with health issues, or those that are overweight. Banner Life Insurance Company is Superior rated by A.M. Best and is part of Legal and General which has been in business since 1836.
Mutual of Omaha Life Insurance also known as United of Omaha Life Insurance Company is one of the best life insurance companies in 2016. Mutual of Omaha has some of the lowest rates on term life insurance in 2016. Also, MOH has great underwriting for cholesterol as they allow total cholesterol up to 300 and still qualify for the best health class. Mutual of Omaha Life Insurance Company also allows the best rate class if you’re taking blood pressure medication if blood pressure is well controlled with ages 18-55 average reading 135/85 or better and age 56 and older 140/85 or better. Mutual of Omaha has an A+ Superior financial rating from A.M. Best and has been in business over a century.
Savings Bank Life Insurance also known as SBLI for short is another company you may not have heard of but will often have some of the best rates in the country for term life insurance in 2016. SBLI is based out if Massachusetts and has been in business for over 100 years. They starting expanding nationally in the early 1990’s and have become of one of the nation’s leading insurers. SBLI has an A+ Superior financial rating.
Sagicor Life Insurance Company makes our list again in 2016 and the reason why is their no exam life insurance policy. Sagicor has the best rates for no exam life insurance for healthy people. Sagicor’s no exam term life insurance rates match some other companies fully underwritten policies with an exam. Sagicor Life Insurance Company is excellent rated financially by A.M. Best and has been in business since 1840.
MetLife Life Insurance Company is a top life insurance company in 2016. MetLife is the largest writer of life insurance in America and is one of the most recognizable life insurance names in the country. MetLife has very competitive rates on term life insurance in 2016 and also have popular whole life, universal life and guarantee issue life insurance. MetLife is Superior rated financially by A.M. Best and has been in business since 1868. Having a policy with MetLife you can’t go wrong.
Additional Top Life Insurance Companies for 2016
Some of the other Best Life Insurance Companies 2016 include: ReliaStar Life Insurance Company (Voya Financial), Transamerica, Cincinnati Life Insurance Company, Ohio National Life Assurance Corporation, Pacific Life Insurance Company, Midland National Life Insurance Company American National Insurance Company (ANICO), North American Company and Genworth Life Insurance Company.
Best Life Insurance Companies 2016
We listed our favorite life insurance companies for 2016 that offer; the best rates in country, have the most favorable underwriting guidelines and are highly rated financially. These companies you can depend on to be there to protect your family and at the lowest price. Since every insurance company has different underwriting guidelines and prices, we suggest to everyone to compare quotes from many companies and chose the best one.