Who Are the Top Life Insurance Companies?
When you're looking for an insurance company to provide you with your new life insurance policy, you want to make sure that you are in capable hands. Below, you can see the top ten life insurance companies in the U.S. by revenues generated. You should note, however, that bigger life insurance companies aren't always the best in terms of coverage. You should take into consideration a number of factors in your analysis, including financial strength of the insurer, level of coverage, available options and plans - and the fees that are associated with each plan.
| Rank | Carrier | Total Revenues (2007) |
1. |
MetLife | $53,150 |
2. |
Prudential Financial | 34,401 |
3. |
New York Life Insurance | 29,280 |
4. |
TIAA-CREF | 27,526 |
5. |
Massachusetts Mutual Life Insurance | 25,268 |
6. |
Northwestern Mutual | 22,597 |
7. |
AFLAC | 15,393 |
8. |
Genworth Financial | 11,443 |
9. |
Principal Financial | 10,907 |
10. |
Lincoln National | 10,738 |
Source: Fortune Magazine
Request a Quote from Some of the Top Life Insurance Companies
Finding Your Best Life Insurance Company
Although the top life insurance companies differ very little from each other in price, there are still many factors that go into a final selection. One very important factor is to know which companies are more likely to rate you in a "preferred" (cheaper) category, based on your health and life-style factors. The difference between types of life insurance categories can be quite large, so it is important to find the category that best fits your needs. Another important consideration is the length of time it will take to obtain life insurance. Some companies take several months to complete the underwriting process and issue a policy. If you do not qualify for your requested rate category, you will have to decide whether to accept a more expensive category. Some companies are much better in this regard.
Don't be overly concerned with this very complicated process. A good independent agent, who works with many companies, will know the ins and outs of each company's underwriting process, and can help you choose the best one.