The best term life insurance companies 2015 offer a combination of low rates, a top rating from A.M. Best and have been in business for a long time with a stellar reputation within the industry.
So how does a novice to the life insurance industry find these companies and receive a quote from them online in a matter of minutes? Simple, keep reading and we’ll tell you everything you need to know to help you make an informed decision and ultimately choose the best life insurance company decision to protect your family.
Term life insurance
Term life insurance will give you the most bang for your buck so to speak for life insurance protection. Term life insurance allows you to purchase literally hundreds of thousands of dollars of coverage for pennies on the dollar. It’s the preferred policy of the preeminent financial advisors that you see on TV like Dave Ramsey, Suze Orman and Clark Howard. Term life insurance works by paying out the death benefit if the insured dies during the term. Terms range from 10, 15, 20 or 30 years. The good thing about term life insurance is that once the policy is activated the premium cannot increase during the initial term. Also, most term policies today have a conversion option. This allows the insured to convert a portion or all of the original policy over to permanent insurance at the initial rate class, regardless of health at the time of conversion.
Best Term Life Insurance Companies 2015
The best term life insurance companies in 2014 all received a positive review from us and are some of the most popular life insurance companies in America today. You can also receive an instant quote from these companies by simply using the quote engine on this site. Since each company has its own niche, the companies are not listed in a particular order.
SBLI will typically have one of the best term life insurance rates in the country. They are A+ (Superior) rated financially and have an 85 out of 100 Comdex ranking. SBLI is a top term life insurer in 2014.
Prudential is one of the most well-known and respected life insurance companies in America today. They have the best smokeless tobacco guidelines (chew, dip, cigar, e-cig) in the nation. They also are very competitive in other niches as well. With an A+ (Superior) financial rating from A.M. Best and an 89 out of 100 Comdex ranking, Prudential is without a doubt one of the best term life insurance companies in America.
Banner Life is just all around one of the best term life insurance companies in the country. Their rates are usually one of the lowest, their underwriting is very consumer friendly and they are rated A+ (Superior) by A.M. Best with a 96 out of 100 Comdex ranking. Banner Life based, out of Maryland is without exception one of the top term life insurance companies in 2014.
Protective Life is similar to Banner Life in that they are all around just a solid and top notch life insurance company. Protective also has some of the best rates in the country. Combine that with their excellent underwriting guidelines and their A+ (Superior) financial rating with a 90 out of 100 Comdex ranking, and it’s clear why Protective Life is a go to for many agents and consumers.
American General, a subsidiary of AIG is one of the top term life insurance companies in America today. In 2013, they had certain rate reductions which make them very competitive for specific face amounts, ages and term lengths. Also, their diabetic underwriting guidelines are among the best in the country. American General is A (Excellent) rated by A.M. Best with a Comdex ranking of 83 out of 100.
MetLife is one of the most well-known companies in America. This brand recognition makes life insurance shoppers more apt to choose MetLife even if they may be a little more expensive than their competitors. MetLife’s rates have gotten more competitive recently and with their A+ (Superior) rating from A.M. Best and a Comdex ranking of 95 out of 100 makes them a top choice. In fact, MetLife was only behind Prudential for total market share out of all life insurance companies in America.
ING may be best known for their savings or retirement accounts. However, their life insurance is one of the top choices for many people as well. Last year ING began to offer well-controlled diabetics a preferred rating class, which was revolutionary. ING has very friendly consumer underwriting guidelines which makes them a top term life insurance company in 2014. ING is A (Excellent) rated by A.M. Best and has a Comdex ranking of 74 out of 100.
Genworth is similar to Banner and Protective Life in that they offer some of the best rates in the country and also have consumer friendly underwriting guidelines. The formerly owned General Electric company is a top 20 life company for total market share and received an A (Excellent) rating from A.M. Best with a Comdex score of 74 out of 100.
Transamerica Life Insurance Company
Transamerica is a top 20 life insurance company by market share in America. Their famous logo is the Pyramid shaped building that towers over the San Francisco skyline. Transamerica is A+ (Superior) rated by A.M. Best with a Comdex ranking of 93 out of 100.
Sagicor makes our list due to their no-medical exam life insurance policy. Sagicor is not well-known in the United States like they are in other parts of the world. Sagicor is very competitive in the no physical exam life insurance market. Their rates are typically the lowest (often by a great margin) for a healthy applicant. Also, their no medical exam life insurance rates for smokers are typically one of the lowest in the country as well. Their no exam policy has great underwriting guidelines with an approval process in as little as 15 minutes. In addition, their policy has many added benefits. Sagicor is A-(Excellent) rated by A.M. Best.
Keep in mind that there are over nine hundred life insurance companies in America today. This list of top the 10 term life insurance companies in 2015 is subjective. These companies are the preferred choice of many of the top independent agents in the country that have access to the top companies. If you choose one of these companies to protect your family you can’t go wrong.
This list of the top 10 best term life insurance companies 2015 will offer your family financial security at a low price. Make sure you take advantage of the quote engine on this site to compare rates side-by-side so you can choose the best company. Also, we recommend that you work with an agent who is not biased and has access to all of the companies on this list to ensure you are getting the best deal.