Since some insurers specialize in life insurance for different types of risk, such as, the elderly, people with diabetes, or low-risk applicants, not all life insurance companies offer the best deal.
However, each year, the III.org (Insurance Information Institute) issues a list of the top 10 life insurance companies in America that offered the most individual term life insurance policies for the previous year.
These are usually the largest life insurance companies with the biggest network of life insurance agents across the country.
But, it is important to understand that the financial strength rating should also be considered when you compare life insurance companies. The financial rating of a life insurer is issued by an independent rating agency, such as, AM best Company, after they review the financials of an insurer.
The higher the financial rating, the better able the insurance company to pay their claims, and meet their financial obligations.
So, when shopping for life insurance make sure you consider the pricing, financial rating, and the customer service provided by the insurance company before making your purchase. Life insurance is for those you leave behind, so make sure you do your best to find a strong, secure life insurance carrier for your family.