Top Life Insurance Companies

Posted by Emily on January 28th, 2021

Life insurance guarantees safe living for your loved ones after your demise. Purchasing life insurance from a top company could be seen as winning a jackpot. But the question here is how do you know a top company, and what does a top company offer you.

In this article, we will examine some of the steps you can take to make sure you find a top life insurance company for you and your family. We'll also look at the top life insurance companies around, along with a summary of what they have to offer.

What to Look for in a Top Life Insurance Provider

You intend to get a life insurance policy from a top life insurance company, and you have researched the different types of products available in the market. Next up is picking a life insurance company you can rely on.

However, it may turn out to be difficult since there are several life insurance companies out there.

Here are a few tips to let you know a top life insurance company when you see one.

Reputation

A top life insurance company must have an excellent name and reputation. You must look into how well the life insurance company deals with claims before cohabiting with them. Check out for good and personal reviews from people who have had satisfactory dealings with that particular life insurance company.

Financial Stability

It is not only enough to have an excellent reputation. A top life insurance company must be financially stable. Life insurance is a long-term policy that can span decades, so you would want to trust a company that can stand the test of time.

Flexible Life Insurance Products

One important factor to note in a top life insurance company is the flexibility of their products. Life insurance needs change over time, depending on the insured's lifestyle, occupation, and health. It is highly recommended to choose a life insurance company that allows you to switch from one type of life insurance policy to another easily.

Reasonable and Competitive Rates

For some people, the bottom line when choosing a life insurance company is whether they can offer fair and competitive rates. When two companies have good reputations, rank well, and offer flexible life insurance products, choosing the company with better rates is a solid and appropriate solution.

Here are some of the top life insurance companies you can trust:

Royal London

Royal London offers term insurance and whole life protection. Royal London offers three main life insurance types (family income benefit, level cover, decreasing cover) ranging from £ 7 per month. Terminal illness cover is included at no additional cost, and you have the option to remove any joint cover.

Liverpool Victoria (LV)

LV guarantees a life cover with a level, increasing or decreasing sum assured, and as a single or joint policy. Terminal illness cover does not include an extra cost.

LV offers both life and critical illness cover with the critical illness part offered as an add-on. At this point, LV doesn't offer any whole life assurance policies.

Beagle Street

Beagle street life insurance is available on a level or decreasing premium. It offers the option of covering critical illness and switching to a general policy. Terminal Illness insurance is included at no additional cost, but Beagle does not offer whole life insurance.

Northwestern Mutual

Northwestern Mutual offers a wide range of coverage options and personalized methods for determining coverage needs. Financial advisors are available to assist clients in this process. With more than 160 years of experience in the financial services industry, Northwestern Mutual offers a traditional approach to life insurance.

Haven Life

The Haven Life Insurance Company only offers term life insurance and uses an online application process without face-to-face interaction with traditional agents. Haven Life strives to offer term insurance that is affordable and easy to manage online without the hassle of shopping as usual.