Life insurance is perhaps one of the essential types of insurance coverage because it allows you to give your family a soft landing in case of an untimely demise, especially if you were the sole provider.
There are many insurance companies out there that offer life insurance coverage. However, you still need to choose one that will do right by you. You should also pick an insurance company whose life insurance policy coverage provides optimal benefits. Here are some of the best life insurance companies in 2020.
State Farm
If you are looking for an insurance company that will provide you with life insurance coverage with no hassle and as fast as possible, then this is your best bet. This is because it does not require you to go through a medical exam and other strict requirements. Also, you can apply online, which means you do not have to visit their offices.
There is also no catch because the insurer is highly rated for customer satisfaction and financial strength. You also get free quotes for term or permanent life insurance coverage when applying. You can also extend some of the policies without having to submit your medical information. The only downside is that it does not offer its services in Wisconsin, Massachusetts, and New York.
New York Life
This is another insurance company that is highly rated for financial strength and excellence. It is also ideal if you are looking for an insurer that provides flexibility, especially if you wish to switch from a term life policy to a permanent insurance policy. The other huge advantage of this company is that it allows its clients to customize their term life insurance coverage to their preferences.
This company has also been operational for a long time, which means that it provides reliable services. It also provides four different life insurance coverage, so the applicant is spoilt for choice. The downsides include the lack of online quotes, and applicants may need advice from their financial advisors to choose the ideal option. Nevertheless, New York Life is considered one of the best insurance companies for term policies.
Transamerica
This is the best life insurance company for anyone that might be looking for affordable life insurance coverage while attaining optimal value for their money. It is strongly rated as far as reliability and financial strength are concerned.
Applicants are offered free online quotes for term life insurance premiums. However, you will have to consult an agent if you want a permanent life insurance policy quote. This company has been around for more than 100 years and has a strong track record for service delivery.
Mutual of Omaha
This is another life insurance coverage provider that does not requires applicants to go through medical exams. This means you can apply for life insurance online from the comfort of your home. It also has an excellent financial health rating. The company has been around since 1909, which explains why it is one of the best since it has more than a century to perfect its craft.
Mutual of Omaha also has a variety of insurance coverage options available to customers depending on their needs and preferences. Applicants also get free quotes when applying for insurance coverage online.
