March, 24 2017

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Life insurance reviews, news and prices from the top companies

"TLIR provides life insurance company reviews, news and prices to help you make an informed buying decision"

recent product reviews

NEA Life Insurance Review

NEA Life Insurance Review Pros: No Medical Exam on Group Plan– No physical exam is required (only health qualifying questions) for coverage amounts under $300,000. Unemployed Benefit– A nice added benefit is that the NEA Insurance Trust will pay your premiums for up to twelve months if you lose your job.  Family Plan– A spouse and dependent children are eligible for coverage. Issuing Company– Prudential Insurance Company of NJ is the life insurance company who issues the policy and is one of the top life insurance companies in the nation.  Instant Quotes– The NEA life insurance website is very user friendly and provides instant rates for all of their life insurance products. Cons: Expensive– For both the Group Term...

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Stonebridge Life Insurance Review

Stonebridge Life Insurance Review Pros: Financial Ratings– Stonebridge Life Insurance Company has an A+ (Superior) financial rating from A.M. Best and a 95 out of 100 Comdex ranking.  Convenient– Stonebridge Life offers no exam life insurance and accidental death policies which makes obtaining a life insurance policy quick and easy. Cons:  Expensive– Their rates are expensive compared to other no exam policies that are available (see table below).  Rates are only guaranteed for the first year on their term policy– Their 10 and 20 year term products only guarantee the rates for the first year compared to traditional level term policies that lock in the rate for the entire term. Bottom Line: Stonebridge Life Insurance Company is very highly...

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10-Year Level Term Life Insurance Review

10-Year Level Term Life Insurance Review Pros: Cheap– The ten year level term is the cheapest term length available (from the four most common term policy options of: 10, 15, 20 and 30 years).  Fixed rate– As with all the different term lengths, level term life insurance locks in the rate preventing any rate increases during the selected term.   No pre-payment penalty– A great feature of level term life insurance is the fact that you can cancel the policy anytime without penalty.  Conversion– Most level term life insurance policies now offer the option to convert your term policy into a permanent policy without a health exam or any medical questions. Cons: Duration may not be ideal for many people– ...

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Life Insurance Comdex Rankings 2014-Insurers 250 to 500

Life Insurance Comdex Rankings 2014-Insurers 250 to 500 This list of Life Insurance Comdex Rankings 2014-Insurers 250 to 500 is a continuation of Life Insurance Comdex Rankings-Top 250 Rated Companies in 2014 post.  Many of the life insurance companies on this list, unlike the previous list, do not have a Comdex ranking; meaning they have only received one or have not received a rating from one of the four main rating agencies. Why Are Financial Ratings Important? Financial ratings provide an independent third-party evaluation to help determine the ability of the life insurer to live up to its financial responsibilities to the policyholder.  What is the point of paying for life insurance if they may not be around to payout...

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20-Year Level Term Life Insurance Review

20-Year Level Term Life Insurance Review If you’re in the market for term life insurance, one of the decisions you will have to make is which term length to choose.  Term lengths, (for most companies) range from; 10, 15, 20 and 30 years in duration.  Some insurers offer a 25 year term as well.  The most popular life insurance term length is a 20 year level term. What is level term life insurance? Level term life insurance simply means that the premiums and the coverage amount are fixed for the term period.  So for a 20 year level term, the premium and coverage amount won’t change regardless of age or health for the next twenty years.  This is why...

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Ameritas Life Insurance Review

Ameritas Life Insurance Review Pros: Variety of Products– Ameritas offers a wide range of products and services including: life insurance (term, universal, variable universal and whole), annuities, individual disability income insurance, group dental, vision and hearing care insurance, retirement plans, investments, mutual funds, asset management and public finance.  Tradition– Ameritas Life Insurance Company was established in 1887 as Old Line Bankers Life Insurance Company.  BBB Rating– Ameritas Life Insurance Corp was accredited by the Better Business Bureau in 1948 and has an A+ rating. Cons: There aren’t too many cons this company.  One this we found is that their term rates are typically not the cheapest available. Bottom Line:  Ameritas Life Insurance Corp (a member of the UNIFI Mutual...

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Grange Life Insurance Company Review

Grange Life Insurance Company Review Pros:  Rates– Grange Life Insurance Company offers some of the best rates in the entire nation.  Variety of Insurance Products– In addition to life insurance, Grange offers auto, home, business and even farm insurance. Some insured’s prefer to have all of their insurance policies in one place.    Cons: There aren’t too many cons with this company although their Comdex ranking is not as high as many of the other insurers we reviewed. Bottom Line: Grange Life Insurance Company is an excellent life insurance company.  They have some of absolute lowest rates in the entire country.  Grange is not known as a national company since they offer insurance only in these states: Georgia, Illinois,...

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Symetra Life Insurance Company Review

Symetra Life Insurance Company Review Pros: Size– Symetra has over $29 billion in assets and is a top 40 U.S. life insurance company (based on admitted assets). Financial Performance– Symetra Life Insurance Company was named to “Ward’s 50” as a top performing insurance company for 2013, based on financial performance.  Life insurance with prostate cancer– Symetra Life Insurance Company offers a policy through LifeAgain called BlueMetric Select for men with prostate cancer. Cons:  Symetra Life Insurance Company’s underwriting guidelines are strict for applicants with a parent or sibling with a family history of heart disease or coronary disease before age 60. Bottom Line: Symetra Life Insurance Company (formerly known as Safeco Life Insurance Company) is an excellent life insurance...

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Cheapest Life Insurance Companies by Term

Cheapest Life Insurance Companies for a 10, 15, 20 and 30 Year Term Searching for the cheapest life insurance companies by term length can be a daunting task if you don’t know where to look.  The reality is that most people overpay for their life insurance because they fail to compare the prices from the best life insurance companies 2014.  This article will show you which companies will offer the lowest prices for a particular term.  Who are the cheapest life insurance companies by term? Let’s take a look at the companies who offer the best prices by term length. Important note: Keep in mind that each life insurance has different underwriting guidelines and some companies are stricter in...

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Cheapest Life Insurance Companies for Healthy People

Cheapest Life Insurance Companies for Healthy People If you’re a healthy individual and in the market for life insurance, which insurers offer the best rates?  The answer will depend on many different factors such as your; age, build, family history, medication history, driving history, occupation, avocation and tobacco use.  The reality is there are over 900 life insurance companies and each one will underwrite and price you differently.  For the purposes of this article, let’s take a look at the sample rates & companies for a 40-year old male, in excellent health (top health class), for a $500,000 policy on a 20-year level term.  Click on each company for more information. Company A.M.Best Rating Annual  Monthly Policy Rating Class...

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Best Life Insurance Companies for Smokers

Best Life Insurance Companies for Smokers If you are a cigarette smoker and are searching for cheap life insurance than you came to the right place.  This article will show you some the best life insurance companies for smokers. Not all companies are the same Each life insurance company has their own underwriting guidelines and prices for a smoker.  Rates can vary drastically from one company to the next for the same coverage.  Therefore it’s imperative to shop around or use an independent agent to receive multiple rate quotes to ensure you find the best deal. Cheapest life insurance for smokers Let’s take a look at the sample rates for a 40-year old female, smoker, in excellent health looking...

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Cheapest Life Insurance Companies for a Cigar, Chew or Pipe Smoker

Cheapest Life Insurance Companies for a Cigar, Chew or Pipe Smoker If you are looking for information on the cheapest life insurance companies for a cigar, chew or pipe smoker then you came to the right place.  This article will show you how to receive the lowest price, even a non-tobacco rate, on your next life insurance policy if you consume smokeless tobacco.  Usage Cigars: If you are an occasional cigar smoker then you may still qualify for the best rating class depending on the number of cigars you smoke a year.  It’s important to be honest with your agent upfront so they can place you with the right company.  For example, some insures such as (AIG) American General...

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North American Company Life Insurance Review

North American Company Life Insurance Review Pros: Ratings– North American Company is A+ (Superior) rated by A.M. Best for financial strength and has a 92 out of 100 Comdex score.  Long History– North American was founded in 1886 and has successfully protected families for over 125 years.  Universal Life- Their universal life insurance products typically have some of the cheapest rates in the country (along with their sister company Midland National). Cons: Their term rates are typically not typically absolute cheapest like their universal products are. Bottom Line: North American Company (a member of Sammons Financial Group-a top 25 life company in America by market share) is a highly rated and very financially secure life insurance company that has...

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Columbus Life Insurance Company Review

Columbus Life Insurance Company Review Pros: Financial Strength- Columbus Life Insurance Company has an A+ (A.M. Best) financial rating and a 96 out of 100 Comdex ranking, meaning their ability to payout future claims is superior.  History- Columbus Life Insurance Company was founded in 1906 with a long history of protecting families.  BBB Rating- Columbus Life is accredited by the Better Business Bureau (BBB) and has an A+ rating. Cons:  Not too many cons with this company. Bottom Line: Columbus Life Insurance Company, a member of Western & Southern Financial Group, is a highly rated life insurance company with a long, stable history dating back to over 100 years.  They offer very competitive rates in certain areas with fair...

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Liberty Mutual Life Insurance Review

Liberty Mutual Life Insurance Review Pros: Size- Liberty Mutual Insurance is the third largest property and casualty insurer in America and ranks at number 81 on the Fortune 500 list of the largest corporations in America.  Convenience- Many people prefer to have all of their insurance coverage’s with one company and Liberty Mutual makes it possible with their extensive insurance product line.  Local Agents- Liberty Mutual has agents based in the community which many people prefer. Cons: Liberty Mutual’s life insurance rates are expensive compared to what is available on the market. Bottom Line: Liberty Mutual is a top three auto and home insurer in America.  They have great brand recognition and are a financially stable insurance company.  However,...

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RiverSource Life Insurance Company (Ameriprise) Review

RiverSource Life Insurance Company (Ameriprise) Review Pros: Financial Strength- RiverSource Life Insurance Company has a 96 out of 100 Comdex Ranking putting them among some of the top life insurers in America for financial strength.  Size- RiverSource is the 19th largest life insurance company in America based on total assets.  Company history- RiverSource is a subsidiary of Amerirpise Financial and has been around for over 115 years. Cons: There aren’t too many cons with RiverSource. Bottom Line: RiverSource Life Insurance Company, a subsidiary of Ameriprise, is a highly rated and very competitively priced (see the table below) life insurance company.  As with all the life insurance companies we review, we recommended receiving a quote from RiverSource (Ameriprise) but also...

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Minnesota Life Insurance Company (Securian) Review

Minnesota Life Insurance Company (Securian) Review Pros: Financial rating– Minnesota Life Insurance Company (the parent company of Securian Financial Group) has an A+ (Superior) A.M. Best Financial rating and a 93 out of 100 Comdex ranking.  Size and Stability– Founded in 1880, today Minnesota Life Insurance Company and Securian Financial Group affiliates have over 13 million customers and manage over $42 billion in assets.  Indexed Universal Life (IUL/EIUL) Product– Minnesota Life’s IUL/EIUL policy is a favorite for clients looking for a tax free income stream. Cons: There are not really any cons with Minnesota Life.  In comparing their rates they typically will not have the lowest rates. Bottom Line: Minnesota Life Insurance Company (Securian) is a superior rated life...

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USAA Life Insurance Company Review

(USAA) United Services Automobile Association Life Insurance Company Review Pros: Rating- USAA has a 99 out of 100 Comdex Ranking, meaning they nearly received a perfect financial rating from the top four U.S. insurance rating agencies. Size- USAA is a Fortune 500 company with over 10 million members.  Website- USAA’s website provides instant rate quotes and allows you to fill out an application online.  Loyalty- USAA is a member based organization to people and families that serve, or served in the United States Military. Cons: There aren’t too many cons with USAA.  In reviewing their rates, they are competitive but often there were other life insurers with cheaper rates. Bottom Line:  USAA is a top tier life insurance company with...

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Midland National Life Insurance Company Review

Midland National Life Insurance Company Review Pros: Rating- Midland National has an A+ (Superior) financial rating from A.M. Best and a 92 out of 100 Comdex score.  Longevity- Midland National was founded in 1906 with a long stable company history dating back to over 100 years.  Website-  Their website provide instant rate quotes without having to speak to anyone. Universal Life- Their universal life products offer some of the best rates in the entire country. Cons: They typically don’t offer the lowest prices on term life insurance (but they do for on universal life). Bottom Line: Midland National Life Insurance Company is a highly rated and financially strong life insurance company.  They have been around for over 100 years...

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Cincinnati Life Insurance Company Review

Cincinnati Life Insurance Company Review Pros: Pricing- Cincinnati Life Insurance Company often has some of the best rates in the country (See table below). Awards- Cincinnati Financial was named one of Forbes 2013 America’s Most Trustworthy Companies.  Also, they were one of Ward’s 50 Top Performing P&C Insurers in 2013. Cons: There aren’t too many cons with Cincinnati Life.  One issue could be their distribution model which is stricter than other top insurers making them unavailable with many independent agents. Bottom Line: Cincinnati Life Insurance Company is a top tier life company that will often have one of the absolute lowest rates in the entire nation in 2016.  However, since their rates are so good, their underwriting can be...

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Best Life Insurance Companies by Policy Amount

Choosing the right amount of life insurance coverage to protect your loved ones is imperative when selecting your policy.  Unfortunately, many people underestimate how much money their family would actually need to adequately maintain their current standard of living.  How much life insurance do I need? Many prominent financial planners recommend carrying anywhere from 5x to 20x your annual income in life insurance.  For example, someone making $75,000 a year income, who is married with two kids, has a $500,000 mortgage would ideally carry around $750,000 to $1,000,000 in coverage.  Should the main breadwinner pass away, the home will be paid off and there will still be enough money for the family to maintain their current standard of living...

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Best Life Insurance Companies by Age

Best Life Insurance Companies by Age When shopping for life insurance it’s important to choose the right company or else you could end up significantly overpaying for your life insurance policy.  Many consumers don’t realize that prices can vary by fifty percent or more for the same exact policy.  There are many different factors that will determine your rate such as your; age, height and weight, medical history, medications, occupation, hobbies, family history, driving history and even bankruptcy history.  For the purposes of the article we will show you some of the best life insurance companies by age. Age 20 $500,000 20 year term policy- preferred plus rate class-male Ohio National $20.33  A+ Rated SBLI Savings Bank Life Insurance...

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Principal Life Insurance Review

Principal Life Insurance Review Pros: Size- Principal Financial Group is a Fortune 500 company with $364 billion in assets under management.  Stability- Principal has been around since 1879 and currently has an A + (Superior) financial rating from A.M. Best.  Cons: There aren’t too many cons with Principal Life Insurance Company. Bottom Line: Principal Financial Group is a top tier financial services organization including their life insurance product (underwritten by Principal National Life Insurance Company).  Their underwriting guidelines are competitive and so are their rates.  While they may not have the absolute lowest prices on life insurance, they are still often very competitive.  Couple this with their A+ (Superior) A.M. Best financial rating and a long stable company history...

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Mutual of Omaha Life Insurance Review

Mutual of Omaha Life Insurance Review 2016 Pros: Rates– Mutual of Omaha (United of Omaha) often has the lowest rates in the entire country for term life insurance in 2016. Size– Mutual of Omaha is a Fortune 500 company with total assets of $31 billion.  History and Stability– Mutual of Omaha was founded in 1909 and has an A+ (Superior) financial rating from A.M. Best in 2016. Underwriting– Mutual of Omaha has favorable underwriting in many categories including cholesterol and blood pressure.  Blood Pressure– Mutual of Omaha Life Insurance Company allows the best rate class, Preferred Plus, even if you’re taking blood pressure medication if your blood pressure is well controlled with ages 18-55 average reading 135/85 or better...

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TIAA-CREF Life Insurance Review 2016

TIAA-CREF Life Insurance Review 2016 Pros: Financial Rating– TIAA-CREF Life Insurance Company received the highest financial rating in 2016 from A.M. Best, A++ Superior which only a select few life insurance companies have obtained in America.  Size and stability– TIAA-CREF is a fortune 100 organization that serves over 3.7 million people and has $487 billion under management.  Familiarity and convenience– While TIAA-CREF is available to everyone they do cater to employees of schools, educations, and non-profits organizations.  Many of these employees have other financial products with TIAA-CREF such as their 403 (b) plans and feel comfortable having everything in one place. Cons: There aren’t too many cons with TIAA-CREF Life Insurance Company. Bottom Line:  TIAA-CREF Life Insurance Company (TIAA-CREF...

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American National Life Insurance Company Review 2016

(ANICO) American National Life Insurance Company Review 2016 Pros: No medical exam coverage- ANICO’s Signature Term Express policy (not to be confused with their no exam Freedom Term policy) will typically have one of the if not the best rates in the country for no medical exam life insurance at the standard rate class (average health class) in 2016.  Rating- ANICO received an A (Excellent) rating from A.M. Best which is “excellent” for companies who are dominant in the no medical exam space.  Longevity- ANICO was founded over 100 years ago which means they are a company you can depend on. Cons: There aren’t too many cons with ANICO.  One slight could the fact they don’t offer a preferred...

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Assurity Life Insurance Company Review

Assurity Life Insurance Company Review Pros:  Longevity- Assurity Life Insurance Company’s origins date back to the late 1800’s.  BBB rating- The Better Business Bureau accredited Assurity Life Insurance Company and gave it an A+ rating as well as a recent BBB Integrity Award.  No medical exam policy- Assurity Life has a popular no medical exam life insurance policy with coverage up to $350,000 and can be issued within 10 days or even sooner. Cons: While Assurity’s prices are competitive, other insurers may have lower pricing on certain products. (See the tables below) Bottom Line:  Assurity Life has been around for nearly 125 years and offers a wide range of financial products.  Their no medical exam life insurance policy is...

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FEGLI Life Insurance Review

(FEGLI) Federal Employees’ Group Life Insurance Review Pros:  No medical exam or health questions- FEGLI is very convenient since there isn’t any medical underwriting.  This makes it a perfect option for those who are uninsurable on the open market.  Also, the convenience of having premiums drawn directly from the paycheck is another convenience many prefer.  Free coverage after age 65- If the insured keeps the Basic coverage into retirement they are eligible for the 75% reduction option.  Coverage will gradually reduce down to 25% of the original basic benefit and will last the rest of the insured’s life free of charge (no cost after the age of 65).  This is a great way to cover final expenses for no...

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Guardian Life Insurance Company Review

Guardian Life Insurance Company Review Pros: Financial Rating- Guardian Life Insurance Company has the best financial rating available from A.M. Best A++ (Superior).  In fact, they have a 98 Comdex score which means they received a near perfect rating from the four major rating agencies.  Size- Guardian Life is one top life insurance companies in America by market share and one of the nation’s largest corporations earning a spot as a Fortune 300 list.  Mutual Company- Guardian is a mutual insurer which some people prefer. Cons: Guardian’s rates are often higher than other insurers, even those in the same superior A.M. Best rating category.  Also, their underwriting guidelines can be very conservative which can lead to higher premiums. Bottom...

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Nationwide Life Insurance Company Review

Nationwide Life Insurance Company Review Pros: Financial Strength- Nationwide has an A+ (Superior) financial rating from the top rating agency A.M. Best and a Comdex rating of 91 which means they received excellent ratings from the four main rating agencies.  Prices- In 2014, Nationwide has very competitive prices on their life insurance products, especially their term life insurance. Size and brand recognition- Nationwide is a Fortune 100 company and a household name which can be attributed to their popular adverting campaigns.  Location- Nationwide still has brick and mortar offices around the country which some people prefer. Cons: There aren’t too many cons with Nationwide.  One potential downside some may encounter will be their underwriting.  In reviewing their underwriting guidelines...

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Penn Mutual Life Insurance Review

Penn Mutual Life Insurance Review Pros: Financial Strength- Penn Mutual was awarded an A+ (Superior) financial rating from A.M. Best. In fact, as a further testament to their financial strength Penn Mutual was one of only 15 life-health insurers that has maintained an A.M. Best Financial Strength Rating of “A” or higher for at least 75 years according to Best’s Review 2008, July issue.  History- Penn Mutual has a long stable tradition as it founded more than 165 years ago in 1847.  Prices- Penn Mutual rates are very competitive on many of their life insurance products. Cons: There aren’t too many cons with Penn Mutual.  A potential issue for some could be their underwriting.  As with most mutual insurance...

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Ohio National Life Insurance Review

Ohio National Life Insurance Company Review Pros: Price: Ohio National often has the absolute lowest rates in the nation.  Out of 900+ life insurance companies Ohio National is often at the #1 spot with the best price.  Financial Strength- Ohio National is A+ (Superior) rated by A.M. Best.  Stability- Ohio National has been insuring families for over 100 years. Cons: A potential issue for some will be their underwriting. Since Ohio National’s prices are so low, their underwriting tends to be fairly conservative which can ultimately lead to a higher price after the medical exam and underwriting process is complete. Bottom Line:  Ohio National is one of the best life insurance companies in the country, bar none.  Their rates...

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Pacific Life Insurance Company Review

Pacific Life Insurance Company Review Pros: Financial Rating- Pacific Life is highly rated as having received an A+ (Superior) grade from the preeminent rating agency A.M. Best. Prices- Pacific Life has some of the lowest rates in the nation in many categories including smoker/tobacco users.  Sales of permanent products- Pacific Life was #1 in indexed universal life insurance (IUL) sales in 2010-2012. Cons: There aren’t too many cons with Pacific Life currently. Bottom Line: Pacific Life is a top tier life insurance company with a long stable tradition of more than 140 years.  Today they are one of the nation’s largest insurance companies and ranked on the Fortune 500 list at 369th largest corporation in America.  They are dominant...

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OneAmerica (American United Life Insurance Company) Review

OneAmerica (American United Life Insurance Company) Review Pros: Financial rating- OneAmerica has an A+ (Superior) rating from A.M. Best and a Comdex score of 96.  Products and Services- OneAmerica and its companies offer a wide range of life insurance and financial service products. Price- OneAmerica is very competitively priced in certain niches.  They also have an A+ rating from the BBB. Cons: A potential con is that OneAmerica and its life insurance companies such as American United Life are not yet household names like MetLife or Prudential. Bottom Line: OneAmerica is a highly rated life insurance company that offers a wide range of life insurance and financial products.  They’re rates are very competitive in certain niches as can be...

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$500,000 Life Insurance- Best Companies and Prices

A $500,000 life insurance policy may sound like a lot of coverage, but in reality this is the amount of insurance that is needed to adequately insure the main breadwinner.  When you factor outstanding debs; such as credit card, student loan and a mortgage balance,costs of raising children including; daycare and education costs, add in everyday living expense such as food, utility and other living expenses it becomes evident why $500k of life insurance is needed for many families to replace the breadwinners’ current income and future earnings. How much life insurance do I need? Many preeminent financial advisors recommended the insured have a minimum of 5x to 20x one’s annual gross income in life insurance.  For example, a...

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Cheapest Life Insurance Companies 2015

Who are the cheapest life insurance companies 2015?  The truth is the cheapest life insurance company will vary from person to person.  Age, health and tobacco use are just a few of the items that will determine which company will offer the lowest rate.  Since there are so many good life insurance companies in America, it’s crucial to shop around and receive multiple quotes to ensure you are receiving the best rate available.  This equates to more life insurance for your family and a lower monthly payment for you.   Also, note that life insurance is a product that can and in most instances should be purchased based on price.  A rule of thumb is to choose a fully-underwritten policy...

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Life Insurance Comdex Rankings-Top 250 Rated Companies in 2014

Life Insurance Comdex Rankings- Top 250 Rated Companies in 2014 The Comdex score is the average ranking a company receives from the four major rating agencies in America.  The four preeminent life insurance ratings that are used include: AM Best, Standard & Poor’s, Moody’s Investors Services and Fitch.  A company must receive ratings from at least two of the four major rating agencies in order to receive a Comdex score.  Why use a Comdex Ranking when buying life insurance? Since there is not a universal rating system to evaluate insurance company’s financial strength, the rating a company receives can be confusing for the consumer.  For example an A+ rating with A.M. Best is the second best rating but with...

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Best Rated Life Insurance Companies 2015

If you’re in the market for life insurance it’s imperative that you check the insurance company’s A.M. Best financial rating before moving forward with an application.  A.M Best is the preeminent life insurance rating agency in America and their letter grade will allow you to quickly asses the insurer’s ability to meet its future obligations.  A.M. Best uses a ratings scale to gauge an insurer’s financial strength with A++ (Superior) being the best rating and going all the way down to an S grade for (Suspended).  A general rule of thumb is to choose an insurer with an A (Excellent) rating or better for fully-underwritten policies and an A- (Excellent) for no-medical exam policies.   More on the A.M....

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Best Term Life Insurance Companies 2015

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...

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Sagicor Life Insurance Company Review 2016

Sagicor Life Insurance Company Review 2016 Pros: Sagicor will typically have the some of the best no medical exam life insurance (simplified issue) rates in the country for a healthy person in 2016.  Also, their no medical exam rates for a smoker are typically the lowest as well.  Sagicor offers term life, no-lapse universal life and a whole life policy all with the option of bypassing the medical exam for a brief telephone interview.  Their no medical exam underwriting is fair, especially compared to the other insurers offering no exam coverage. Cons: Sagicor is not a well-known life insurance company here in America as they are in the rest of the world. Bottom Line:  If you are looking no...

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$5,000,000 Life Insurance– Best Companies and Prices

$5,000,000 of life insurance may sound like a lot of coverage for most people, but for some this the right amount of protection that is needed to adequately protect their loved ones.  When choosing a policy for $5,000,000 life insurance-best companies and prices will give you peace of mind knowing that you are with a highly rated company and are paying an affordable premium. Choosing the right policy Many financial advisors recommend anywhere from 5 to 20 times one’s annual income in life insurance coverage.  This is to replace the insured’s salary and to pay off any outstanding debts such as the mortgage if they were to pass away prematurely.  Additional common needs for a 5 million life insurance...

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Best Life Insurance Companies for Seniors Over 65

The best life insurance companies for seniors over 65 offer different policy options such as term life insurance, no-lapse universal life, simplified issue and guaranteed issue.  Since there are different reasons why a senior over 65 needs life insurance; whether it’s to cover the remaining balance on a mortgage, protect their income while they’re still working or to take care of final expense costs, it’s important to choose the right company and policy to properly address the senior’s particular needs. Best Life Insurance Companies for Seniors Over 65 Since there are a few different choices on which policy to buy, let’s take a look at them one-by-one to help you choose the right policy and company for you in...

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Best Life Insurance Companies for High Blood Pressure in 2015

The best life insurance companies for high blood pressure in 2015 (hypertension) offer cheaper rates due to their underwriting criteria for this condition. High blood pressure (hypertension) can be a serious health condition if left untreated.  Damage to the arteries, heart, brain, and kidneys are possible repercussions of not controlling hypertension.  Fortunately, with advances in medicine, today high blood pressure is a very treatable condition and for some insurers won’t affect your rating category. The CDC reports that an estimated 68 million adults have high blood pressure or are treating their hypertension with a blood pressure lowering medication such as Lisinopril, Norvasc, beta blockers or a water pill.  That’s roughly a third of the adult U.S. population.  Fortunately, an...

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Best Life Insurance Companies for High Cholesterol in 2015

The best life insurance companies in 2015 for someone with high cholesterol offer cheaper rates and view the risk more favorably than other life insurers. According to the CDC, about 33% which equates to 71 million of adults in the United States have high levels of bad cholesterol.  Nearly half of those with high cholesterol are receiving treatment and only 23 million have their cholesterol levels in check. The health problems that can result from having high cholesterol are numerous and can be very dangerous. These include the elevated risk of heart disease, stroke, high blood pressure and diabetes.  Since life insurance rates are determined by the health of the applicant-i.e. the risk to the insurance company, having high...

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AXA Equitable Life Insurance Review 2016

AXA Equitable Life Insurance Review 2016 Pros: Financial Strength– AXA Equitable Life Insurance Company is A+ (Superior) rated in 2016, second highest of 16 possible ratings.  Global Strength– AXA Group is one of the largest insurance and wealth management organizations in the world with AXA Equitable having over $519.3 billion in assets under management.  Local Agents– AXA Life Insurance distribution channel is through local agents and not online which some people prefer when purchasing insurance.  Unique policy offering– In addition to offering the traditional policies they have a one-year non-renewable convertible term product who individuals who only need a policy temporary coverage immediately. Cons: There are not too many cons with AXA Equitable Life Insurance Company.  AXA currently doesn’t...

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Genworth Life Insurance Review

Genworth Life Insurance Review 2016 In 2016 Genworth Life Insurance has suspended (closing) it’s sales for new life insurance.  This will not affect current policy holders but sales of new life insurance products will not be available. The review below was originally written a few years back but we have updated the ratings as of February 2016. Pros:  Prices & underwriting- Genworth is typically right there at the top of the list for having some of the lowest rates in the country.   Also, Genworth has favorable underwriting guidelines for applicants facilitating an approval at the same rate that was applied for.  Size and market share- Genworth Life Insurance Company is a top 20 life insurance company in 2015. Cons: ...

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Allstate Life Insurance Review 2016

Allstate Life Insurance Review 2016 Pros:  Financial Strength– Allstate Life Insurance Company has an A+ (Superior) rating from A.M. Best in 2016 (second highest of 16 possible ratings).  Size– Allstate is also a top 20 life insurance company in America as far as premiums and market share.  Name recognition– Allstate is a household name thanks to their successful advertising campaigns.  Accessibility– They employ local agents as well as a direct sales unit.  Website– Allstate has one of the most user-friendly websites of any life insurance company in America.  In addition, Allstate offers discounts when you bundle policies with your auto. Cons:  Price- Allstate’s life insurance rates are more expensive compared to the industry in 2016. (See rate comparison chart...

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(SBLI) Life Insurance Review 2016

(SBLI) The Savings Bank Life Insurance Company of Massachusetts Life Insurance Review 2016 Pros:  Prices– SBLI consistently has the lowest term life insurance rates in the nation in 2016.  Financial Strength– Currently has an A+ (Superior) financial strength rating with A.M. Best.  Stability– SBLI has been in business for over 100 years.  Website– Allows you to receive instant quotes without needing to provide any personal information. Cons:  There aren’t too many cons with SBLI. Bottom Line:  If you are in good health SBLI will usually come back with one of the best rates in the country.  SBLI was founded in 1907 showing they are a life insurance company your family can count on.  With an A+ (Superior) financial rating...

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Colonial Penn Life Insurance Company Review

Colonial Penn Life Insurance Company Review Pros: Colonial Penn’s website offers instant quotes and is easy to navigate.  Colonial Penn offers two products without an medical exam; a guarantee acceptance policy with a two year waiting period for natural causes and a simplified issue whole life insurance policy with a few health questions. Cons:  Price- Colonial Penn seems to be a little more expensive compared to other companies offering a similar policy.  Additionally, as with most companies who offer guaranteed acceptance life insurance, many people have posted complaints online about being unaware that the guaranteed acceptance life insurance has a two-year waiting period for natural causes. Bottom Line:  Colonial Penn has a large advertising presence on TV with their...

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Lincoln National Life Insurance Review

Lincoln National Life Insurance Review  Pros:  Financial strength-  Lincoln National Life has an A+ (Superior) financial rating by A.M. Best (second highest of 16 possible ratings).  Stability- Lincoln Life was established in 1905, demonstrating durability as an insurer having been around for more than 100 years.  Top producing company- Lincoln National is a top 10 life insurance company with over $5.8 billion in direct premiums in 2012.  Smokeless tobacco niche- Lincoln is one of a select few companies that offer non-tobacco rates for users of smokeless tobacco such as cigars, chew and dip. Cons: There isn’t not too many cons with Lincoln National Life.  While they are competitively priced they typically do not have the absolute lowest rates of...

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Aflac Life Insurance Review

Aflac Life Insurance Review Pros: Highly Rated- Currently has an A+ (Superior) rating from A.M. Best (second highest of 16 available ratings).  Prominent & well-known insurance company- One of the largest insurance companies in America by market share and has one of the most well-known recognizable names in insurance thanks to the Aflac duck adverting campaign. Cons:  Life insurance rates are expensive for individuals.  (See rate comparison below)  While their group and supplemental insurance may be competitively priced their individual life insurance policies are very expensive.  Also, the maximum amount of coverage available for individuals is $250,000 and $200,000 in certain states like in California. Bottom Line:  Aflac is one the largest insurance companies in America thanks to its...

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Northwestern Mutual Life Insurance Review 2016

Northwestern Mutual Life Insurance Review 2016 Pros:  Financial strength– Northwestern Mutual has the highest rating available possible from each of the four major rating agencies, a perfect 100 out of 100 Comdex score, which is extremely rare in 2016. Northwestern Mutual was one of the top insures who did not need to accept bail out money during the financial crisis in 2008-2009.  NW Mutual is also one of the largest and most storied insurance companies in America and have been around since 1857.  They are the largest direct provider and writer of individual life insurance in America.  In addition, their business model of still meeting with clients personally is something many insureds feel more comfortable with.  Northwestern Mutual also...

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ING ReliaStar Life Insurance Review

ING (Now Voya Financial) ReliaStar Life Insurance Review– Voya Financial Life Insurance Review 2015 Pros:  ING (Voya Financial) is one of the largest life insurance companies in America and a top five writer of term life.  VOYA also has favorable underwriting niches, such as family history of cancer, where they offer some of the lowest rates in the nation. They will typically have the lowest prices on $200,000 policies.  Also, for seniors over 60, ReliaStar offers very competitive underwriting for diabetics and blood pressure treatment. Cons: ING no longer offers a 25 & 30-year term life policy.  Bottom Line:  ING (now Voya Financial-ReliaStar Life Insurance) is a top 5 term life insurance company with an “A” (Excellent) rating by...

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Protective Life Insurance Company Review 2016

Protective Life Insurance Company Review 2016   Pros:  Protective Life has some of the best rates in the entire country in 2016 on term and universal life insurance.  You can often purchase a lot more life insurance to protect your family through Protective vs. other insures.  Protective is rated in the highest category “Superior” by the top rating agency A.M. Best.  Protective Life also is very stable with a rich tradition as they’ve been around for over 100 years.  Although they may not be a household name, Protective Life one of the largest life insurance companies in America as far as market share in 2016.  Protective Life Insurance Company offers a unique term life insurance policy in that when...

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New York Life Insurance Review

New York Life Insurance Review 2016 Pros:  Financial strength- New York Life has a perfect  A++ rating by A.M. Best (highest of 16 possible ratings) and a perfect 100 Comdex score (average rating from the 4 major rating agencies).  They were even one of the top insures who did not need to accept bail out money during the financial crisis in 2008-2009.  New York Life is the largest mutual life insurance company in the country and a symbol of stability as they’ve been around over 150 years. Cons:  New York Life’s prices are often much higher than many other top life insurers with a similar financial rating for term life insurance. (See table below) Bottom Line:  New York Life is...

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MetLife Life Insurance Review 2016

MetLife Life Insurance Review 2016   Pros:  MetLife continually ranks as the #1 life insurance in America in sales and total assets.  Financial strength- MetLife is A+ (Superior) rated by A.M. Best (second highest of 16 possible ratings) and they are one of the most well-known insurance companies in the world in 2016. Cons:  Their prices are competitive but not the rock-bottom lowest. Bottom Line:  MetLife is the largest life & health insurer in America.  They have a superior financial rating and have been providing quality life insurance since before the turn of the century.  While there are other life insurances companies out there with lower rates and more favorable underwriting guidelines, MetLife typically ranks up at the top...

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American General Life Insurance Review

(AIG) American General Life Insurance Review   Pros: Competitive prices, favorable underwriting guidelines for consumers, best prices in certain areas- diabetics and table rates, number one for customer satisfaction survey in 2013 on insure.com and have stability as their roots date back to 1850.  Claims- American General Life Companies have paid out over $38 billion in claims and benefits over the past 5 years.  In addition, their parent company- AIG is one of the most well-known and recognizable insurance companies in the World. Cons: There are not many cons with American General.   Minor drawbacks would include the fact that they use electronic delivery of their life insurance policies which means insured’s don’t receive a hard copy in the mail...

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Globe Life Insurance Review 2016

Globe Life Insurance Review 2016 (updated 2/2016) The Pros:  Globe Life and Accident Life Insurance Company has a very easy application process with no medical exam and only a few health questions.  Also, there is no two year waiting period, coverage begins once the policy is issued for both natural and accidental death.  Additionally, Globe Life is A+ Superior rated (second highest of 16 ratings) by A.M. Best for financial strength. The Cons: Globe Life’s popular term life insurance for adults policy is a step-rate insurance plan and the rate increases every 5 years (every 5th birthday).  This is attractive initially since the price is low to begin (even $1 for the first month) but the rate increases as...

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Western Southern Life Insurance Company Review

Western Southern Life Insurance Company Review Pros:  Western & Southern Life is highly rated- A+ Superior by A.M. Best (second highest of 16 ratings) with a Comdex score of 97 out of a possible 100.  They also have a great reputation for excellent customer service.  W&S Life has stability as they were established more than 125 years ago.  W&S also follows the face-to-face sales model which some people prefer. Cons:  Western & Southern Life’s term rates are often more expensive compared to what is available elsewhere, also underwriting can be strict sometimes which can pose additional problems for applicants. Bottom Line:  Western & Southern is highly rated life insurance company with an excellent customer service ranking.  You can feel...

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Banner Life Insurance Company Review

Banner Life Insurance Company Review Pros: Price- Banner Life Insurance Company is typically one of lowest priced term life companies in America while still having an A+ (Superior) A.M. Best rating (2nd highest rating available).  In addition to their low premiums and high financial rating, they have very favorable underwriting. Cons:  There aren’t too many negative aspects to this company especially when you look at the good.  One perceived weakness is their brand recognition in America.  They’re not a household name in insurance such as MetLife or AIG. Bottom Line: Right now Banner is one of the best term life insurance companies in America in 2016.  With favorable underwriting guidelines, an A+ Superior rating and some of the lowest...

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