Some important ranking factors may include the following:
- A.M. Best financial strength rating of the carrier.
- How long the insurer has been in business.
- How competitive are the premiums offered by the insurer
- Effectiveness of the insurer's underwriting - loss experience, and the trend of loss experience over recent years.
- How long does it take the insurance company to settle claims and pay out the death benefit on life insurance policies?Number of life insurance policy holders.
- Number of complaints on file with the Departments of Insurance.
- Reputation of the insurer.
- Customer service provided by the insurer (24/7).
- Total assets and total liabilities of the insurer.
These are just some of the more important considerations you may want to take into account when ranking insurers. Here is a list of top ranked life insurance companies for your review.