Thinking about life insurance for the coming year? Many people are. Most of us want to protect our families and provide money if a sudden accident or illness leaves them without an income.
The very best way to do that is to buy a term life or whole life insurance policy. For most people, this is an easy decision.
However, when it comes to choosing the right company for your life insurance business, the issue becomes more complicated. There are hundreds of insurance companies selling life insurance; how do you know which one is best for your needs?
Here are the ones predicted to be the best life insurance companies in 2012. Some have lower premiums than others, but all have special aspects which put them ahead of the pack.
1.) Met Life. For 140 years, Met Life has been the premier name in life insurance. The company’s rates are consistently lower than its competitors for most age and health brackets, and it offers superior customer service. Met Life offers term and whole life policies, both universal and variable, annuities, and survivorship policies.
2.) ING. This company is a relative newcomer to the life insurance market, but with its fantastic financial department support, you can craft a viable plan to manage all of your assets with the help of an ING representative.
Prices are competitive, and you can blend your insurance policies with a variety of other investment strategies. ING offers whole life, term life, and small business options.
3.) State Farm Insurance. You may already have your automobile insurance with State Farm; millions do. It is the largest automobile insurer in the nation, and State Farm offers homeowners and life insurance policies, as well.
By “bundling” your policies, you can get them much cheaper—sometimes as much as 20 percent off premiums. State Farm offers term insurance, whole life, annuities, and asset management services.
4.) Fidelity Life. For those who need larger term policies, consider Fidelity Life. Starting at $250,000 face value, Fidelity offers a variety of large term insurance products, and has a very user-friendly website to get you started.
5.) Prudential. Getting “a piece of the rock” is something our parents remember very well from Prudential’s ad campaigns. Prudential has always made a point of its stability and long-term vision, and with this outlook, Prudential may be the company you want handling your retirement and investments.
Prudential offers term, universal, variable, and survivorship policies with support services for all your investment and financial planning needs.
6.) HSBC. You may have noticed this company’s logo in a variety of spots, but still not be sure what they do. HSBC offers a variety of insurance products, including term policies, and can add multiple riders to meet specific life insurance needs.
7.) Lincoln National. For over a century, Lincoln National has carried on financial services for its customers with success and vision. Lincoln offers a variety of life insurance including both universal and variable universal policies, and of course term insurance.
8.) Genworth Financial. This name may not be as familiar as others on this list, but Genworth has been dedicated to financial planning and insurance needs for a long time. In fact, Genworth focuses far more closely on life insurance than some of the “mega-companies,” so it makes sense to look at their products if you want the best in life insurance service.
9.) American General. American General aims for a simplified approach for their clients, so that you are not confounded by reams of paperwork. American General agents work closely with customers to be sure they have exactly the products they need and want. American General offers a variety of life insurance, such as group life and annuity plans, as well as simple term life policies.
10.) SBLI. The “no nonsense insurance company,” as SBLI dubs itself, specializes in both life insurance products and annuities. You can get instant online premium quotes, and whole and term life as well as children’s policies from this company.
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