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Compare term life insurance quotes

From the nation’s best life insurance companies

As seen in Barron's, Coverager, Forbes and more.
As seen in Barron's, Coverager, Forbes and more.

Reviews and ratings of the best term life insurance companies

Compare term life insurance quotes with confidence

Life insurance is an important financial tool for you and your loved ones. Understandably, you want to make sure the company you’re buying from is reputable. Quotacy only works with top-rated insurance companies. These insurance companies have strong ratings across the board in customer service, financial stability, and trustworthiness.

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Life Insurance Company

A.M. Best RatingS&P RatingMoody's Rating

BBB
Rating

J.D. Power Score
(out of 1000)

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AIG

AA+A2A+751

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AXA

AA+A2A+771

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Banner Life

A+AA-N/AA+N/A

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Cincinnati Life

AA+A1A+N/A

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Global Atlantic

AA-A3N/AN/A

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Haven Life

A++AA+Aa2A+787

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John Hancock

A+AA-A1A+763

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Lincoln Financial

A+AA-A1A+781

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Minnesota Life

A+AA-Aa3A+777

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Pacific Life

A+AA-A1A+808

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Principal

A+A+A1A+785

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Protective

A+AA-N/AA+774

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Prudential

A+AA-A1A+777

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SBLI

AA-N/AA+N/A

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United of Omaha

A+AA-A1A+789

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U.S. Life

AA+A2A+751

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William Penn

A+AA-N/AA+N/A

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What makes these life insurance companies the best?

We’ll explain what these ratings mean.

What are A.M. Best ratings for life insurance companies?

A.M. Best is an independent rating agency that ranks the financial strength of life insurance companies. Their best rating is an A++. Their worst is a D.

The A.M. Best rating is a forward-looking and objective opinion regarding an insurer’s relative creditworthiness based on a comprehensive analysis of balance sheet strength, operating performance, and company profile.

We work only with the best term life insurance companies that are A-rated (or better) for financial solvency. Because all are financially trustworthy, you can shop for and buy your preferred term life policy with confidence from Quotacy.

If you need assistance, you can livechat, text, email, or talk with one of our advisors.

Learn more: What You Need to Know About Life Insurance Company Ratings

What are S&P ratings for life insurance companies?

Standard and Poor’s (S&P) is the world’s leading provider of credit ratings. Their analysts, managers and economists assess the factors and trends that affect creditworthiness.

S&P’s scale ranges from AAA to D. Companies with an AAA investment grade are judged to have an extremely strong capacity to meet financial commitments. These ratings may be modified with a plus or minus to show relative standing within the major rating categories.

We work only with the best term life insurance companies that are A-rated (or better) for financial solvency. Because all are financially trustworthy, you can shop for and buy your preferred term life policy with confidence from Quotacy.

If you need assistance, you can livechat, text, email, or talk with one of our advisors.

Learn more: What You Need to Know About Life Insurance Company Ratings

 

What are Moody's ratings for life insurance companies?

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis.

Moody’s rating scale ranges from Aaa to C with numerical modifiers 1,2, and 3 to indicate whether ranking is on the higher or lower end of that rating category. Companies rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk.

We work only with the best term life insurance companies that are A-rated (or better) for financial solvency. Because all are financially trustworthy, you can shop for and buy your preferred term life policy with confidence from Quotacy.

If you need assistance, you can livechat, text, email, or talk with one of our advisors.

Learn more: What You Need to Know About Life Insurance Company Ratings

 

What are J.D. Power ratings for life insurance companies?

J.D. Power and Associates assigns life insurance companies ratings on a scale of one (average) to five (best) power circles based on survey feedback from a representative sample of verified policy owners and on a scale from 1 (worst) to 1000 (best).

The rated customer satisfaction categories include overall satisfaction, annual statement and billing, price, policy offerings, and interaction.

Because J.D. Power’s scores are based on the opinions of a representative sample of consumers who have used or owned the product or service being rated, they represent a typical buying experience.

If you need assistance, you can livechat, text, email, or talk with one of our advisors.

Learn more: J.D. Power U.S. Life Insurance Study (2017)

 

What are BBB ratings for life insurance companies?

Better Business Bureau (BBB) is a non-profit that shares customer service feedback on businesses in the USA. BBB assigns ratings from A+ (highest) to F (lowest).

Their ratings represent the BBB’s opinion of how a life insurance company is likely to interact with its customers. The BBB rating is based on information they obtain from public data sources about the business, including complaints received directly from consumers.

If you need assistance, you can livechat, text, email, or talk with one of our advisors.

Learn more: BBB Rating for Quotacy, Inc. = A+

 

Not sure how much term life insurance you need?

Which life insurance company is best for you?

The best term life insurance companies for your health conditions or lifestyle

Not all life insurance companies view certain factors, such as health conditions or lifestyle choices, in the same light.

While one insurance company may be the best for you, that same company may not be the best for your spouse. To stay competitive within the insurance industry, insurers market to niche groups. That means some life insurance companies offer advantages (better pricing) for people with certain health conditions (for example, people with anxiety) or lifestyle choices (for example, people who smoke cigars).

Finding the best life insurance company for your needs doesn’t have to be difficult. When you apply through Quotacy, our experienced licensed agents and in-house underwriting team will review your application to make sure you are teamed up with the best life insurance company for your situation. If there is a company that will approve you at a better price, we will let you know. The choice of your insurer is up to you, but our job is to make sure you know your options.

What is life insurance?

Life insurance can help protect a family financially in the event of a death. The death benefit money can be used to pay for funeral costs, living expenses, debt, and any other end-of-life expenses. If anyone relies on you for their standard of living, you need life insurance coverage.

How does life insurance work?

A life insurance policy insures the life of a person. If this person dies (the insured) while the policy is active, a death benefit is paid out to the policy’s beneficiaries typically tax-free and excluded from the probate process.

A term life insurance policy covers the life of a person for a specific period of time. A permanent life insurance policy covers a person for their entire life.

How much is life insurance?

The cost of life insurance varies by many factors. Your premium costs will be determined by the type of life insurance you apply for and your risk class. Your risk class is determined by your gender, age, health, family history, and lifestyle factors. Lifestyle factors can include anything from a history of bankruptcy to DUIs.

A term life insurance policy is less expensive than a permanent life insurance policy. And a healthy person will pay less than someone with average or poor health. The younger you are, the less expensive the premiums are as well.

Some life insurance companies offer life insurance policies that don’t require medical exams or ask health questions. Because the insurance company is taking on unknown risk, these policies are much more expensive than policies that require medical underwriting.

When should you get life insurance?

You should get life insurance as soon as you have a need for it. Your age and health play a strong role in determining the price and whether or not you can even get insured, that it’s to your benefit to start the buying process right away.

You never know what tomorrow will bring. The purpose of life insurance is to protect your loved ones from financial struggle upon your death. But you can’t predict when you die, so getting life insurance as soon as you have people who depend on you is the right time.

How to choose the best life insurance company for you

You’ll want to choose an insurance company that is financially strong and has good customer service. Quotacy only works with top-rated companies. When you apply, you can rest assured that whichever company you end up choosing will be a great choice.

If you’re young and in great health, all the top-rated companies are going to be very similar in product and price. However, if you have a health or lifestyle issue, this is when narrowing down the right life insurance company is essential to get you the best price on life insurance.

Quotacy is an independent broker and will shop your case around to the life insurance companies we work with to make sure you’re getting the best life insurance company for your unique situation. Not all life insurance companies evaluate certain risk factors in the same light.

For example, if you have a DUI in your driving record, the price offered from the insurance companies can vary by hundreds of dollars per year as some are more lenient with this risk than others.

When you apply through Quotacy, you’ll get the best price possible without having to shop from agent to agent or company to company yourself. Your Quotacy agent will do this for you behind the scenes and keep you updated as your application moves through the buying process.

What are life insurance policy riders?

Life insurance policy riders are add-ons you can purchase to supplement your life insurance policy with extra benefits or additional protection from the potential loss of income due to terminal illness, disability, or other adverse life events. Some common life insurance riders include child riders, accelerated death benefit riders, critical illness riders, and long-term care riders.

What is term life insurance?

Term life insurance is a type of life insurance that’s designed to be affordable and provide financial protection during periods of your life when your unexpected death would have a substantial negative impact on those relying on your income.

There are four types of term life insurance: level, return of premium, decreasing, and annual renewable.

For the majority of individuals, a level term life insurance policy is the best choice to financially protect your family from unexpected loss. With a level term life policy, you choose the number of years you want coverage and how much coverage you want to purchase.

Your rates will never change during the lifetime of your policy which is why these policies are called level term. If you die at any point during the term, your beneficiaries will receive the death benefit in the coverage amount you chose.

Another type of term life insurance is return of premium term life insurance. With a traditional term life insurance policy, if you do not die during your policy’s term, you do not get your money back.

When you purchase a return of premium (ROP) life insurance policy, if you die during the term, your beneficiaries receive the death benefit. If you don’t die within the term, you get your money back. The catch is that an ROP policy is about 3 to 4 times more expensive than a traditional term life insurance policy.

Decreasing term life insurance is another type of term life insurance. With a decreasing term life insurance policy, your death benefit will gradually decrease over the time you own your policy. People sometimes buy this in conjunction with a mortgage loan.

Quotacy doesn’t offer decreasing term life insurance policies. We instead recommend laddering term life insurance policies if you think your needs will decrease over time.

A fourth type of term life insurance is annual renewable term life insurance. This is a type of life insurance policy that allows you to purchase one year of life insurance coverage at a time.

At the beginning of setting up this policy, you lock in a period of insurability. This period of time can be anywhere between five and 30 years. During this timeframe, you can renew your term policy without needing to take a medical exam or answer medical questions. However, your premiums will be assessed each year and increase significantly based on your age. Quotacy does not offer annual renewable term life insurance and recommends a level term policy instead.

What is permanent or whole life insurance?

Even though whole life and permanent life are often used interchangeably, whole life is actually just one type of permanent life insurance.

Whole life insurance is the most common and least complex type of permanent life insurance. Whole life insurance will stay in place your entire life regardless of your health and the premium amounts are fixed and won’t change.

In addition to lifelong coverage, whole life insurance comes with a savings component that accrues cash value. Because of these features, whole life insurance is typically 10-15 times more expensive than term life insurance.

Whole life insurance also has two different types of policies: non-participating and participating. The difference between non-participating and participating whole life insurance is that with participating whole life insurance, the policyowner participates in favorable investment earnings and mortality savings by the insurance company.

Why buy Life Insurance through Quotacy

As an independent broker, Quotacy has access to insurance products from many different top-rated insurance companies. The ability to comparison shop life insurance rates is especially helpful if you have any health issues or lifestyle risk factors. Unlike captive agents who only have access to one specific company’s products, independent brokers will be able to offer you many different options.

When you apply and buy your life insurance through Quotacy, our experts shop your case and advocate for you. We compare the best rates for your policy options, so you don’t have to.

In addition, your Quotacy agent is paid a salary, not commission. Their goal isn’t to sell you large amounts of life insurance, but help you find the best policy that fits your needs and budget.

Our goal is to help one million families buy life insurance and our mission is for everyone who has a loved one who depends on them to have life insurance. Our agents are happy to help you determine the best plan for you. Contact us for a free, no-obligation insurance consultation with one of our experts today.

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