Comprehensive Guide Of Term Life Insurance Options in USA: In this modern technological period, every individual wants to secure their family’s 👪 future 🔮. So in this way, good-term life insurance will be the perfect choice for them. After purchasing reliable and good-term life insurance, you can easily secure your family from any financial issues. Even after your death, your family members can get a large amount of money from this term life insurance company so that they can run their daily expenses and bills 💵. Also, for those individuals who only need coverage for a set period ⌚, for example, when their kids are very young and they want to build their future brightly, long-term life insurance will be the perfect opportunity for them.
But on the other hand, the best and most reliable term life insurance policy for you may not be the better option for other individuals. Nowadays, various reputed life insurance companies are available on the market, but finding the best option for you is very hard and challenging. But you don’t have to worry because today in this article we are going to cover the top 10 life insurance companies in the USA in 2024.
The top 10 term life insurance companies in the USA in 2024
In this area, we try our best to provide the top 10 term life insurance companies that can provide the best term insurance policy for you. Each company comes with its own unique and different term life insurance options.
In the number one position, we keep Ethos, which is a popular take-forward life insurance provider that offers both term life insurance and whole life insurance coverage. Ethos provides guaranteed whole life insurance without any medical exam, and if you are under the age of 66 to 88, you can qualify for its coverage. The most interesting side of this company is that it offers cost-free will and estate planning with eligible policy purchases, and you can apply for life insurance at any time through an online application. The only disadvantage of this company is that coverage is not currently available in New York City. In terms of term life insurance, it offers 100,000–200,000 dollars💰 but when it comes to guaranteed issue whole life coverage then it offers 1,000-30,000 dollars.
2) Bestow Life Insurance
Bestow Life Insurance holds the second position on our list. Bestow is a popular and reliable insurance provider that provides term life insurance via a digital application that takes a few minutes. If you aren’t able to find out which is the better life and life insurance option for you, then you can contact its customer care because their customer care agents are very helpful and responsive, so you can contact them through chat or phone call. The most interesting part of this life insurance company is that it offers term life insurance with four different and unique term options and plans and does not require any medical exams. The online application process is very easy and fast. Under Bestow life insurance, an individual can choose from 10, 20, and 30-year terms and death benefits 🤗👏👏 ranging from 100,000-1.5 million dollars. From 18 to 60 years old, applicants are eligible for this company
We keep TruStage in the third position, which is popular for providing a wide variety of no-exam life insurance options through its online application. TruStage comes with both term and whole-life insurance policies, including guaranteed whole-life coverage. Also, any medical examination is not required for coverage.
On the other hand, this company provides guaranteed whole life insurance up to $100,000, but TruStage offers higher pricing than other term life insurance companies. In terms of term life insurance, it offers 5,000–300,000 dollars💰 but when it comes to whole life Insurance then it offers 5,000-100,000 dollars.
4) Fidelity Life
If you are an old person suffering from health issues and want to find the best term life insurance, then Fidelity Life is a better option for you. This term insurance company comes with various options for pre-payment, no-exam coverage, counting whole life, final expenses, and accidental death benefit policies. Under this company, every individual can easily get quotes and apply online, but the only disadvantage of this company is that all life insurance plans are available for 65+ people. The most interesting side of this company is that it provides six different riders, including the accidental death benefit, family accidental death benefit, terminal illness and accelerated death benefit, child insurance policy, inflation rider, and return of premium.
Nationwide is a Columbus and Ohio-based life insurance company that has been running its operations for over 90 years. It gets an A+ rating from AM Best. This company offers a quote tool to check rates on term life insurance policies. You can also apply online at any time. Under the insurance plan provided by this company, all policies are renewable to permanent life policies. On the other hand, nationwide comes with 5 different rider options, including children’s term insurance rider, chronic illness rider, critical illness rider, premium waiver rider, and terminal illness rider.
6) Mutual of Omaha
Mutual of Omaha is a popular and reliable term insurance company that offers 10-year, 15-year, 20-year, and 30-year term insurance plans. This insurance company offers fixed premiums that can be converted into a permanent policy with a cash value. Mutual of Omaha is also a customer-care company that helps every individual find the best long-term insurance plan for them. Even under this insurance company, various rider options are available to customize your policy in terms of term life insurance. It offers $100,000 or more.
Mutual of Omaha comes with multiple rider options, including accidental death benefit rider, accelerated death benefit rider, common carrier death benefit rider, chronic illness rider, critical illness rider, dependent children’s rider, disability waiver of premium rider, residential damage waiver rider, terminal illness rider, and waiver of premium for unemployment rider.
7) State Farm
State Farm is a renowned life insurance company that has been working for more than 100 years and also achieved the highest customer satisfaction rating among individual life insurance providers on J.D. Power’s 2022 study 📚✏. On the online website, you can see a clear overview of various reliable and better life insurance options and coverages. Also, the customer care service is very helpful, and it has 19,000+ agents across the USA to help you resolve your problems. State Farm offers 10-year, 20-year, and 30-year term insurance policies, comes with different term life options, and does not require any medical exams. On the other hand, under this company, term policies may be renewable and converted to permanent policies, but the only disadvantage is that you can’t apply for any term life insurance plan online, so you have to apply offline.
State Farm comes with an instant answer term that provides 50,000 dollars in a date benefit with no medical examination and also offers three different riders, including children’s term rider, select term rider, and waivers of premiums for disability.
Transamerica is a popular term insurance provider that provides annuities, insurance, and retirement solutions. This company comes with different varieties of term insurance plans, including 10-year, 15-year, 20-year, 25-year, and 30-year plans. With 11.8 million customers and 12.9 million policy options, it is one of the best-rated term insurance providers in the United States. Transamerica offers Trendsetter LB life insurance plans where any individual can get expedited claims for up to 25000 dollars. The Other premium features of this company are that it provides high coverage limits and does not require any medical examination for eligibility also Transamerica provides a customizable rider option, so you can easily customize your term plans as per your requirements.
In terms of term life insurance coverage, Transamerica offers 25,000–10 million dollars, even though it offers different insurance riders, including accidental death benefit rider, children’s benefit rider, chronic illness accelerated death benefit, critical illness accelerated death benefit, disability waivers of premium rider, income protection option, monthly disability income rider, terminal illness accelerated benefit.
9) Haven Life
Haven Life is a popular insurance agency that offers different time life insurance plans, including 5-year, 10-year, 15-year, 20-year, 25-year, and 30-year. It gets an A++ rating from AM Best. The main motive of this company is to provide simple life insurance policies, and the application process is very easy. This company is totally based on a digital platform, and no medical examination is required to become eligible for any term insurance plan. The most unique and premium feature of this insurance agency is that it offers a free-loop period where you can get enough time to cancel the policy without incurring any penalty. Unfortunately, this insurance agency is not currently available in all states of the USA.
Haven Life offers two different and unique insurance plans, including Haven Term and Haven Simple. Under the Haven term, any individual can get coverage up to 3 million dollars; on the other hand, Haven simple provides 25,000 to 1 million dollars in coverage.
AARP is an insurance agency renowned for providing term, permanent, and no-exam policies. Under this company, 50- to 74-year-olds can obtain any life insurance plan. This company is tied up with New York Life, and an individual can get $10,000 to $150,000 in coverage even though no medical examination is required to fulfill the eligibility.
We try our best to provide the top 10 and most renowned life insurance agencies in the United States in 2024, and we collect all pieces of information from various reputed newspapers and user ratings. We also give the online website link of every agency in our article, so you can directly contact them to find out the best term insurance plan for you. For more updates, please bookmark our website and don’t forget to share this article with your friends and relatives.