Are you searching for life insurance brokers near me? If yes, this blog is for you, the American life insurance industry is cutthroat. It consists of both established insurers and more recent “insurtechs” that sell plans online. We examined user experience, financial strength, and data on customer complaints to whittle down our ranking of the top life insurance brokerage firms. We also evaluated the various policy options and methods for purchasing insurance. Let’s dive into the details.
Life Insurance Providers in the USA
One of the biggest life insurers in the nation is Massachusetts Mutual Life Insurance Co., also known as MassMutual. It was established in 1851 and provides a variety of products, including term life insurance and variable universal life insurance, a permanent policy type with adjustable premiums and investment options.
2. Haven Life
In order to swiftly determine your insurability, Haven Life offers term life insurance with accelerated underwriting. The entire application procedure is carried out online, and according to the business, it takes about 25 minutes to finish. Haven offers its clients options even if it only specializes in one kind of life insurance.
Since 1868, Guardian, established in 1860, has distributed dividends to its qualified policyholders. In 2023, the corporation plans to distribute $1.26 billion in dividends, the highest amount ever paid.
4. National Mutual Insurance
According to the most recent information from S&P Global Market Intelligence, Northwestern Mutual, which was established in 1857, is the biggest provider of individual life insurance in the United States.
5. New York Life
As a mutual corporation, New York Life is owned by the people who have policies with it. As a result, if you’ve had permanent insurance for more than a year and get dividends (the insurer expects to pay out $2 billion in payouts in 2023).
6. Pacific Life
Over 150 years have passed since Pacific Life first opened for business. Moreover, over the past three years, it has received noticeably fewer complaints than one might anticipate for a business of its scale. The indexed universal life insurance offered by Pacific Life is one of the company’s several plans.
7. State Farm
Most likely, you think of State Farm’s auto insurance offerings when you think of it. However, it also provides a respectable selection of life insurance policies. These policies are such as return-of-premium life insurance, which reimburses premiums if the policyholder outlives the term. In addition, State Farm has a whole life option with a single premium and a last expense option that can aid with funeral expenses.
The top life insurance companies make it simple to obtain coverage. Life insurance is an essential part of any financial strategy. The best-rated long-term insurance brokers offer a straightforward application process, strong ratings from independent rating agencies, coverage you can rely on, and affordable term life insurance with a sizable death benefit, whole life insurance that builds cash value, or another type of permanent policy.