There are plenty of life insurance companies so it may be difficult to pick the right one. Believe it or not, there’s about 1,000 companies that provide life insurance in the United States. Remember that they may not all be licensed to operate in your state. Choose one that is licensed in your state. This way, your state insurance department will provide you with help when you need it.
Compare the premium payments of different insurance companies as they can vary greatly. The cost of your policy may vary depending on your age, the amount of insurance you intend to buy, and the type of policy you choose. The following are some incredible life insurance companies you may not have heard of.
Mutual of Omaha
This company is a great choice for your life insurance needs if you do not want to get a medical exam. The value of your whole life policy may be between $2000 and $25, 000. Mutual of Omaha provides you with whole life insurance policies for ages 45 to 85. They also have a coverage option for children. Most rating agencies rate it well. With this insurance company, you get a graded death benefit for the first two years of your policy. This only applies if you die from natural causes. Your beneficiaries will receive a total of all your premium payments and ten per cent. If you die from accidental injuries, they will receive the full benefits when the policy becomes effective.
This insurance company is great for building cash value with whole life insurance. When you die, your beneficiaries are guaranteed to receive death benefits regardless of when you die. Choose this company if you wish to use your insurance as an additional source of income when you retire. Since it builds cash value over the years, it can supplement your income. MassMutual whole life insurance offers policy dividends. You can, therefore, earn your cash dividends every year. Most rating agencies rate it “A++.”
Banner Life Insurance
This life insurance company is based in Maryland. Its parent company is Legal & General America. They, therefore, offer similar life insurance quotes. The parent company was established in 1836 so it has acquired plenty of experience over the years. Banner Life Insurance is available in 49 states and the District of Columbia. In New York, however, it operates under its subsidiary William Penn Life Insurance Company of New York. Banner Life Insurance, sells their life insurance products through 12 marketing groups. They have 300 member agencies and 60 independent brokerage agencies.
Primerica is a pretty new life insurance company in the USA. It was established in 1977. Primerica has its headquarters in Georgia and it offers plenty of financial services all across the United States and Canada. Life insurance is just one of its services. One of the biggest benefits of Primerica is that it allows you to get 70% amount terminal illness benefit and waiver of premium up to $400, 000. The company is known to pay their claims very fast. Over 90% of the claims are paid in 14 days or less. You can get Primerica quotes from Primerica Life Insurance Company, National Benefit Life Insurance Company, and Primerica Life Insurance Company of Canada.
There are plenty of life insurance companies in the United States that you may not know about. Do some research and pick the best life insurance companies for your needs.