The Best Life Insurance Companies for 2021

Written by Rob Pinner

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The Best Life Insurance Companies for 2021

At EasyQuotes4You, we are looking out for you. Our whole existence is based on saving you time, money, and your sanity while you shop for life insurance.

We have done the research and come up with what we believe our the best life insurance companies in America for 2020.

We are independent life insurance agents and our #1 goal is to find you the best policy from a top rated life insurance company. We never want to push you into the wrong insurance plan.

Your life insurance need is not a one size fits all. It is unique to you and you only. No two clients are ever the same and we understand this. We focused on the companies that have the following criteria:

  • Financial Strength
  • Best Policies
  • Best Premium Rates
  • Best Underwriting Requirements
  • Best Customer Service

Financial Strength Is Important

The best life insurance companies should always be highly rated with agencies such as A.M. Best, BBB, Fitch’s, etc. A top rating insures that the life insurance company is financially stable and will be able to pay claims when the time comes.

Offers a Variety of Products

When we comprised our list of the best life insurance companies for 2021, we factored in which companies offered multiple types of products.

We understand that life insurance isn’t a one size fits all type of product. Consumers have different needs and wants which can’t be done if you only offer one type of insurance.

Premium Rates do Matter

Although it’s great to have multiple products to choose from but lets be honest, premium rates do matter. This is why we factored this into our decision when choosing the best life insurance companies.

Underwriting Guidelines

An important factor that most consumers and agents forget to take into consideration. Yes most companies do go by the same guidelines but they also have their niches.

This means that one company may be more favorable to diabetics than another, and this is important in insuring you get the best premium possible.

Customer Service

Nobody enjoys bad customer service! This is why the best life insurance companies that we chose all have outstanding customer service.

Who are the best life insurance companies?

Now that we have told how we came up with our list for the best life insurance companies of 2021, it’s time to reveal. We will be doing a broad review of each company with highlights on the products that are most popular. Enjoy……

AIG-American General Life

american general life insurance company

American General Life is always near the top of everyone’s list of the best life insurance companies. They boast an “A” rating from A.M. Best and is known as the “jack of all trades” in the insurance world.

AIG-American General Life offers competitive pricing with excellent customer service. They pride themselves on having claims paid in as little as 7 business days, which is extraordinary.

Products Offered by AIG-American General

American General Term Life Insurance

American General Life term life product is referred to as Select-A-Term. Select-A-Term offers guarantee periods of 10-35 years depending on your age.

The Select-A-Term also comes with a living benefits rider at no extra charge. The living benefits rider allows you to access a portion of the face amount early for certain illnesses.

American General Life Insurance Select-A-Term Rates

Rates are for a 20 year term-Standard Non-Tobacco

american general term rates

American General Guaranteed Universal Life

If you are looking for something that won’t expire, then American General Life’s Secure Lifetime GUL 3 is your answer. The Secure Lifetime GUL 3 comes with a guaranteed premium and death benefit to age 120.

The Secure Lifetime GUL 3 can be customized to guarantee premium to certain ages, such as guarantee to age 95. Shortening the guarantee period will decrease the premium needed.

The Secure Lifetime GUL 3 also comes the living benefits rider. Guaranteed Universal Life policies are great for estate planning, leaving a legacy, or with buy/sell agreements.

AIG-American General Secure Lifetime GUL 3 Rates

Rates based on Standard Non-Tobacco Health Class

american general life insurance rates

American General Guaranteed Issue Life Insurance

If you have ever been declined for life insurance, then you know how incredibly frustrating that can be. And the chances are, unless something with you changes, you won’t ever qualify.

Well, AIG has the answer for you. This is with there guaranteed issue life insurance. They ask no health questions and are approved instantly.

Issue ages are between 50-85 years of age with a maximum benefit allowed is $25,000.

AIG Guaranteed Issue Rates

aig The Best 2021 Review of American General Life + Rates

Pros of AIG-American General

  • Excellent choice for high risk applicants, such as diabetics.
  • Term life insurance can be tailored to your needs, an example being able to by a 17 year term instead of a 15 year or 20 year.
  • Excellent living benefits rider which is free of charge on all term policies.
  • Some of the lowest Guaranteed Universal Life rates
  • Return of Premium Disability Income Policy

North American Company for Life and Health Insurance

north american company for life and health insurance

North American has been doing business in the United States since 1886 and carries a rating of  “A+” from A.M. Best. North American is a privately owned company offering insurance coverage along with financial products.

North American has quietly become one of the best life insurance companies with competitive rates, excellent customer service, and their high rating from all 3 credit agencies.

This company is one you will want to ask about when shopping for life insurance.

Products Offered by North American

Term Life Insurance offered by North American

North American’s term life insurance product is called ADDvantage Term. It comes in term periods of 10, 15, 20, or 30 years depending on your age.

Premiums and death benefit are guaranteed for the term period. The ADDvantage Term also comes with a living benefits rider at no extra charge.

Sample North American Term Life Rates

20 Year Term-Standard Non-Tobacco

north american term rates

Guaranteed Universal Life offered by North American

The Custom Guarantee is North American’s guaranteed universal life insurance policy. If offers a guaranteed premium and death benefit to age 120.

The Custom Guarantee also has the living benefits rider attached at no extra cost.

Custom Guarantee Sample Rates

Preferred Non-Tobacco- Guaranteed to age 120

north american life gul rates

Indexed Universal Life offered by North American

North American Company is one of the leading innovators when it comes to their indexed universal life product portfolio. The way interest is credited is how an indexed universal life policy differs from other universal life policies (like Custom Guarantee).

Not only is a declared interest rate offered, IUL’s also offer an option linked to selected market indices (such as S&P 500 and Nasdaq).

Indexed Universal life offers a life long death protection with potentially higher cash value growth, flexible premiums, and tax advantages.

These policies come with a floor and a cap which ultimately determines your interest earned. The floor limits your losses and is usually 0-1% depending on the product. The cap will limit the amount of interest you will earn, with cap rates around 11-12%.

IUL’s are permanent products and works well when lifetime coverage is needed. Top reasons for purchasing an indexed universal life are:


  • Builder IUL
  • Guarantee Builder IUL– Offers a guaranteed premium.
  • Rapid Builder IUL– Cash value accumulates faster with an option to waive surrender charge.
  • Survivorship IUL– Great second to die policy used for estate planning and special needs trusts.

All of the North American Company indexed universal life policies come with the critical and terminal illness riders at no extra cost.

Strengths of North America

  • They have great pricing for certain age brackets
  • Exceptional customer service
  • Excellent Products
  • Strong financial outlook

American National Insurance Company (ANICO)

anico best term life insurance company

American National Insurance Company has been making some noise in the insurance industry with their innovative accelerated underwriting process call “Xpress Plus”. This allows for consumers to skip the medical exam for face amounts of $250K or less and in some instances, up to 1 million.

American National boasts an “A” rating with A.M. Best which signifies a strong financial outlook and solidifies their spot as one of the best life insurance companies for 2021.

Products Offered by American National

Term Life Insurance offered by ANICO

American National Life Insurance has an innovative term life insurance product that comes with the accelerated benefit rider (also known as living benefits rider) attached at no extra cost.

These policies can be no-medical exam or fully underwritten depending on the amount of death protection needed. American National Insurance Company term periods are available in 10, 15, 20, and 30 years.

ANICO’s Signature Term is competitive compared to other top insurance carriers such as Protective and American General.

All Signature Term policies are convertible to any permanent life policy that ANICO currently offers without any health questions asked. You are allowed to convert anytime during the term period up to your 65th birthday.

ANICO Signature Term is great product used in place of mortgage protection insurance sold through a bank.

Sample American National Insurance Term Life Rates

20 Year Term-Standard Non-Tobacco
american national insurance company term rates

Guaranteed Universal Life offered by ANICO

The Signature GUL is ANICO’s most popular universal life policy because:

  • Guaranteed Premium to age 120
  • Guaranteed Death Benefit
  • Accelerated Benefits Rider
  • Guaranteed Cash-Out Rider

The guaranteed cash out rider allows you surrender your policy in return you receive a part or all of the premiums you have paid in.

You are allowed the option to cash out in the 15th, 20th, and 25th years of your purchase date. This rider is also FREE!

Sample ANICO Guaranteed UL Rates

Standard Non-Tobacco Rates- Guaranteed to age 121

aig The Best Life Insurance Companies for 2021

Strengths of ANICO

Transamerica Life Insurance Company

transamerica life insurance company review

Transamerica Life Insurance Company is a well known life insurance company that’s famous for its trademark “Pyramid”.

Transamerica has a strong financial outlook according to A.M. Best, who gave them an “A+” rating. They are always in the top tier when it comes to pricing and have excellent customer service to boot.

Products Offered by Transamerica Life

Term Life Insurance offered by Transmerica Life

The Trendsetter Super Series is Transamerica Life’s stand alone term insurance product. The Trendsetter Super offers term periods of 10, 15, 20, 25, and 30 years depending on your age.

The minimum face amount is $25,000 with guaranteed premiums for the chosen term length. The death benefit remains level throughout the contract.

The Trendsetter Super is also convertible to a permanent policy till the end of the term period or age 70, whichever is first. If you were given a Preferred Plus rating you can convert up to age 75.

Riders that can be added for an extra fee are:

  • Accidental Death Benefit Rider
  • Children’s Insurance Rider
  • Waiver of Premium Rider

The Trendsetter Super comes with an Terminal Illness Accelerated Death Benefit Rider at no extra cost.

Sample Transamerica Trendsetter Super Rates

20 year term- Preferred Non-Tobacco- Monthly Rates

Trendsetter Super Term Rates


Final Expense Insurance is a simplified issue whole life policy with limited death benefits designed to pay for funeral expenses and small debts.

These policies are usually easier to qualify for because of there lenient underwriting.

Transamerica Life Insurance Company offers 3 final expense options. They are:

  • Immediate Solution
  • 10-Pay Solution
  • Easy Solution

Transamerica Immediate Solution Rates

Standard Non-Tobacco Rate Class

Transamerica The Best 2021 Review of Transamerica Life Insurance + Rates

Strengths of Transamerica

Check out our top 10 final expense life insurance companies here

Protective Life Insurance Company

aig The Best Life Insurance Companies for 2021

Protective Life Insurance was given an “A+” rating form A.M. Best. Their company motto is “Do the right thing, serve people, build trust and simplify everything.” They have been following this motto since 1907.

Products Offered by Protective Life Insurance

Term Life Insurance By Protective Life

Term life insurance is the most popular life insurance product on the market. This is simply because term life insurance is easy to understand and much cheaper than permanent life insurance.

Protective Life Insurance term life is called the Protective Classic Choice. They boast that the Protective Classic Choice has rates up to 49% less than the competition, which allows you to get more coverage to protect your loved ones.

Protective Life Insurance Company Term Rates

Standard Non-Tobacco Rates- 20 Year Term

protective The Best 2021 Protective Life Insurance Review + Rates

Strengths of Protective

  • Their guaranteed universal life is unique compared to other companies. It comes with 10, 20, 30 year term options. Once the policy term expires, the face amount starts to decrease but your premium stays the same.
  • Very competitive pricing on all of their products, with term rates always ranking in the top 5 for value.

Final Thoughts

First and foremost, this is not a list composed of reviews from other consumers. This list of the best life insurance companies was created by our own personal experience with over 25 of the top life insurance companies in America.

While there are many other great life insurance companies, the ones we have listed have shown to be above and beyond the rest when comes to customer service, competitive pricing, and multiple products to choose from.

With that said, if you are looking to purchase life insurance it’s always good to work with an independent agent or agency, like us, that has access to multiple life insurance carriers.

Independent agents will be able to find the life insurance policy that best meets needs and the needs of your loved ones. If you have any questions or comments please don’t hesitate to leave a comment or give us a call.

Frequently Asked Questions

What are the best life insurance companies?

In our opinion, the best life insurance companies to buy from are:

-Protective Life
-American National
-American General
-North American

What is life insurance?

Life insurance is a contract between you, the insured, and the insurance company. The life insurance company agrees to pay a lump sum of money to your beneficiaries if you die prematurely in exchange for a monthly premium.

What should I look for in a good life insurance company?

You should always look for these things before choosing which insurance company to do business with:

-Financial Strength
-Best Policies
-Best Premium Rates
-Best Underwriting Requirements
-Best Customer Service

Rob Pinner
Rob Pinner

My name is Rob Pinner and I own EasyQuotes4You. At EasyQuotes4You we aim to make your life insurance buying process a smooth and stress free transaction.  We are independent life insurance agents servicing all 50 states. I have over 15 years of experience and have focused solely on life insurance for the past 5 years. If you have any questions or comments please don’t hesitate to give us a call.

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