First, finding a financially secure insurer is very important. The financial strength rating of the insurer is an indication if the insurer’s ability to pay claims, and meet it’s financial obligations. The higher the rating, the better. You want to find a life insurance carrier rated at least “A” Excellent, or better, by AM Best Company for financial strength.
Also, you’ll want to compare rates to find the most affordable plan that meets your needs and fits your budget.
In addition, consider the insurer’s reputation, how long the insurance carrier has been in business, and the amount of total assets.
Here’s how you can compare a list of the top life insurance companies.