The Top 5 Life Insurance Companies for 2020

Written by Rob Pinner

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 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 companies that have the following criteria:

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

Best Life Insurance Companies 2020

AIG-American General Life

AIG-American General Life are always near the top of everyone’s list of 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

Strengths 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

Sample Rates Based on Male/Preferred Plus

AIG-American General GUL sample rates.png

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

Strengths of North America

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

American National Life (ANICO)

American National 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.

Products Offered by American National

Strengths of ANICO

Life insurance
Transamerica Life

Transamerica is a well known life insurance company thats 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

Strengths of Transamerica

Note: Check out our top 10 final expense life insurance companies here

protective life logo

Protective Life Insurance

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

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.

Sample Rates Based on Male/Preferred Plus/20 year term

Sample rates protective life.png

Lets’ Compare all 5

Male-$250K-Standard Rating

Sample Rates Male 250K Std..png

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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