Some life insurance companies offer more competitive rates for certain classes of risk, such as, smokers, non-smokers, older people, or diabetics.
In addition, each life insurance company has their own set of approval and rating guidelines, that's why it helps to compare rates and plans from several highly-rated life insurers before buying your life insurance policy.
Also, the higher the financial strength rating issued for the insurance company, the better able the insurer is to meet their financial obligations. That's why it's important to review the AM Best Company financial ratings for the insurance companyies you are comparing for coverage.
However, each year, the Insurance Information Institute issues a list of the top companies for life insurance. Here's the Top 10 Life Insurance Companies and their financial ratings for your review.