To find the best life insurance company, you have to weigh the customer service, the financial strength, and the price. Many people choose their life insurance company based on the competitiveness of their life insurance offerings. Several other factors must be kept in mind when making this critical decision. Based on the experience of Most Economical List, financial strength ratings, customer feedback, rich history, and overall product availability, you will find below our top 10 cheap life insurance companies in the U.S. in 2019. These are the best life insurance companies that deserve to be considered.
Top Ten Cheap Life Insurance Companies in the U.S. in 2019 – Top Rated
10. Haven Life Insurance
Haven Life is, without a doubt, the best life insurance agency on the market nowadays. How do you take over on an entire industry by storm, han? Only by developing the best product on the market! That Haven life just has done.
Haven Life offers a simple online application that can be completed and submitted without agent intervention. It’s a considerable improvement in terms of comfort and efficiency, both for you and for them. Most life insurance companies need 4 to 6 weeks for the underwriting process. Haven Life gives you an instant decision online.
Your Quote: $22.34 per month on coverage amount of $500,000
After being ranked 3rd on the top companies list for two consecutive years, they are getting closer to the top! For more than 160 years, MassMutual has offered competitive and diversified life insurance products.
The financial strength of MassMutual is virtually unmatched so that you can feel safe with your decision in both cases. The Massachusetts Mutual Life Insurance Company represents everything a consumer or businessman wants from a business: strength, trust, and so on.
Your Quote: Almost $22 per month on coverage amount of $500,000
8. Transamerica Life Insurance Company
Once again on our list, Transamerica is a century-old life insurer offering a wide range of products to meet all needs. Nearly famous for its importance in the city of San Francisco alone, Bank of America’s purchase of Occidental and its new brand in Transamerica has revived the company.
Today, they are rated “A” by the four rating agencies. Transamerica Life provides an excellent variety of life insurance, be it temporary, universal, comprehensive, and accident. Transamerica is also an international company.
Your Quote: $14 per month on term life coverage of $100,000
7. Northwest Mutual Life Insurance Company
Northwestern Mutual is one of the oldest life insurers in the U.S., with more than 150 years of activity. It started as the Mutual Life Insurance Company of the State of Wisconsin in 1857. It has earned a place among the best life insurance companies in terms of strength and stability.
As a mutual life insurance company, the Northwestern Mutual belongs solely to its policyholders. The Northwestern Mutual has thousands of agents who help individuals across the country meet the needs of their family, their business, and their employees.
Your Quote: $12 per month on term life coverage of $100,000
6. Prudential Life Insurance Company (Pruco)
Prudential is a well-known name, and their dominance in the market and their niche subscription has increased them. Hugely successful in many small areas of life insurance, Prudential has also leveraged its brand to become the best in the life insurance industry as a whole.
It is a 140-year-old financial institution is a leading insurer, and it has a universal and indexed mandate to fill its product portfolio. Non-life insurance options include accidents, critical illness, disability, etc. To top it off, Prudential offers an exceptional subscription to smokers.
Your Quote: Almost $11.83 per month on coverage amount of $ 100,000.
5. Forestry Life Insurance
Foresters logo Foresters have a different story from most of its life insurance competitors, at least in the United States. Founded in 1834, Foresters is one of the oldest insurers in history, with far deeper roots than many modern companies.
The company has a host of financial services programs, including life insurance, annuities, and pension plans. As always, Foresters demonstrates its commitment to protecting hard-working families. The fraternal society offers scholarships and grants to members, as well as discounts for events.
Your Quote: $11.11 per month on coverage amount of $ 100,000.
4. AIG – General American
Very famous American General Life Insurance Company, also known as AIG, is a highly reputable company with an “A” or higher score and a centennial name behind the rankings. Strongly present on the market, they offer an extensive range of Universal and Indexed Universal products.
The subscription is very fair, although it may take a little while, and you can expect a reasonable price from AIG. They have climbed into our top 10 this year due to product selection, financial strength, and pricing that rival elites. We strongly recommend that you use an experienced agent before making your purchases.
Your Quote: $11 per month on term life coverage of $100,000
3. Banner Life Insurance Company
If you want the best term life insurance, Banner Life is the best option for you. Where they lack speed, compared to some of the instant-on products on the market, they are more than makeup artists for a personalized and inexpensive term life insurance coverage. Some of the cheapest on the market!
Banner products offer a wide range of motorcyclists, convertibility options, and a unique undercharging style. If you’re part of the 95% of the world that is not perfect, the health of Olympic athletes, you probably will not find a more affordable futures policy than you will get with Banner.
Your Quote: $ 10.42 per month on coverage amount of $ 100,000.
2. Sagicor Life Insurance Company
A different start from most other life insurance companies in America, Sagicor is part of the Sagicor Financial family, which began in Barbados in 1840 under the umbrella of the Barbados Mutual Life Assurance Society. Sagicor offers a wide range of product types, the most common being its term life insurance.
Sagicor acquired several small insurance companies that already had a foothold in demographics and geographic areas. It has over $ 1 billion in assets from more than 6,000 independent marketing and agent companies in 45 states.
Your Quote: $ 10.0 per month on coverage amount of $ 100,000.
1. Protective Life Insurance Company
Protective, our list of the top life insurance companies, ranked fourth is Protective, another company that many have not heard of yet. Despite this, they hold a dominant position in more than one sector of the life insurance industry.
For more than a century, the Protective Life has lived up to its name in protecting households and businesses across the U.SU.S. With its universal products, in particular, Protective is one of the few companies to offer permanent insurance for all levels of fully subscribed life insurance.
Your Quote: $ 09.0 per month on coverage amount of $ 100,000.
Top Ten Cheap Life Insurance Companies in the U.S. in 2019 – Top List
|Sr. #||Top Ten Cheap Life Insurance Companies in the U.S. in 2019|
|1||Protective Life Insurance Company|
|2||Sagicor Life Insurance Company|
|3||Banner Life Insurance Company|
|4||AIG – General American|
|5||Forestry Life Insurance|
|6||Prudential Life Insurance Company (Pruco)|
|7||Northwest Mutual Life Insurance Company|
|8||Transamerica Life Insurance Company|
|10||Haven Life Insurance|
Now, in the end, Quote mention above for each company depends or varies according to age, area, coverage amount, and term. So, you can get your Quote for a desired company on their official site. Buying life insurance can be one of the most important financial decisions you make, and one of the most complicated. Choosing the right policy begins with finding the right company.