These are the top life insurance companies on the market today. Read on for in-depth details on features, plans, and pricing.
Healthy-living rate decrease
Fast and easy online process
Lots of riders to add
Health IQ is a slightly newer life insurance broker that partners with a huge network of providers including some of the most reliable policy providers in the industry including John Hancock and Prudential. What makes Health IQ stand out from the competition is its approach to life insurance. Instead of charging healthy people the standard rate and those with issues a higher premium, Health IQ charges a standard fee and rewards customers who lead a healthier lifestyle with discounted rates. For example, you can save 4% on your annual rates just by proving that you live an active lifestyle. Other qualifications for the better rates include:
No smoking, alcohol, or substance abuse
A clean driving record
Normal blood pressure and BMI
Maintaining a healthy diet
Additionally, Health IQ has tailored underwriting guidelines, so you get more personalized health insurance. And since the underwriter tells your specific story, it’s likely that Health IQ will get you the lowest rate possible for your situation even if you aren’t living the healthiest lifestyle.
Finally, Health IQ offers policyholders a ton of riders. You can get policies that include add-ons like accelerated benefits and return of premiums. Not only are you paying less for your policy, you have the ability to get more out of it and faster. In fact, you might even get some of those premiums back. That’s a tremendous savings and a feature that puts Health IQ above the competition.
Approval guaranteed up to 85 years old
No medical exam required
Low monthly premiums
National Family Assurance makes a pretty attractive offer: life insurance for under a $1 a day. It doesn't get much better than that. But, when taking a closer look, you realize that it actually does! National Family Assurance provides up to $500,000 in coverage for a huge range of policyholder types and appeals to a wide range of insurance seekers. The fact that the company guarantees approval for applicants who are up to 85 years old is a real sign of encouragement for the elderly looking for coverage. But the more tech-savvy generation adores National Family Assurance as well because of its fast and easy online process. All you've gotta do is fill out a short online form, and you'll get a quote within minutes.
If you like to save money, this is the place to turn. That’s because National Family Assurance saves its clients up to 70% on life insurance policies every year. You can’t argue with figures like that. Plus, National Family doesn’t require you to take a medical exam before applying. This allows more customers to get approved for the life insurance they need even if they’ve been turned down by other policy providers because of pre-existing medical conditions. With an A+ accreditation from the Better Business Bureau, National Family Assurance scores highly in the reputation department, giving customers a feeling of confidence in this top rated company.
Excellent rates on term life insurance
No medical exam requirements for qualifying customers
Up to $2 million in coverage
Completely online process
Haven Life is true to its name, offering life insurance seekers the ability to apply, get approved for, collect, and manage their life insurance policies entirely online. Whether you don’t have a lot of time (or patience) to spare, or you just don’t like the idea of face-to-face meetings and waiting for underwriting approval, Haven Life’s modern process is the solution for you. Skip the paperwork, answer a few simple questions (online or on your mobile device), and receive your answer almost immediately.
Haven Life offers term life insurance for 10, 15, 20, or 30 years, so you have your pick of options. What’s more, this company offers up to $2 million in affordable term coverage. That is substantially more than most other life insurance providers on the market.
Backed by the reliable MassMutual and with an A++ rating, Haven Life offers a lot of benefit to those looking for fair terms and reasonable rates. For one thing, you can expect to pay level premiums every month from the first to the last. You can also add riders like accelerated death benefit or renewability if you want to continue your contract after your term has expired. With no fees or commissions, you know you are getting competitive rates when you work with Haven Life.
Life insurance policies are designed to grant beneficiaries or loved ones a sum of money in the event of your death. This can also extend to cases that require intensive medical care, or scenarios in which an individual is unable to provide for themselves or their family due to disability. Insurers have different processes for approving applications, but will generally consider health, lifestyle, and related factors when determining the right level of coverage to offer. Life insurance is an excellent way to guarantee that loved ones will be able to maintain their standard of living and cover basic needs even if you’re not there to provide for them.
Before diving in and purchasing life insurance, it is vital to understand exactly what features to look for when comparing the best life insurance companies. There are various life insurance options that are designed to fit a wide variety of needs. Moreover, some providers offer customizable policies with added provisions known as “riders,” which can add valuable benefits. While the vast majority of applications are approved, the application process helps the insurer to determine the amount of coverage and the rates - so do take the process seriously.
There are many kinds of life insurance policies, and each offers its own unique benefits. Here are some of the most common options:
Life insurance is regulated on a state-by-state basis across the United States. Most states do not regulate policies from the outset when coverage is first initiated like they normally do with vehicle or health insurance. This means that rules generally apply to the claim period, when beneficiaries are awarded the payout. Because the regulatory environment varies by state, it is essential to be familiar with local laws when applying for coverage.
The underwriting process when applying for life insurance can be significantly longer and more involved than other types of insurance. This is because companies take greater care - for example, medical examinations - to limit their exposure to risk, due to the level of funding that goes into death benefits.
Getting the right life insurance policy can give you and your family peace of mind should your circumstances take a turn for the worse. As this is a very important decision that could affect the future of your family, it’s important to compare all the best life insurance companies available and also learn about how the different life insurance policies and terms actually work.