When our adulthood responsibilities kick in, we all plan to have a perfect life ahead. And while many things can disturb that peaceful thinking, signing up for life insurance won’t. Instead, you’ll stay stress-free. Plus, with financial security for you and your loved ones, you wouldn’t have to worry about anything.
But since there are so many life insurance companies, it’s easy to get confused while selecting one. That’s why we have formed a list of the best 10 life insurance companies to look forward to in 2023.
Are you looking for life insurance that lasts for a specific time only? If yes, then Pacific Life Insurance is the best option for you! Further, with their compare prices feature, you can save money and increase your cash value.
So far, the company has a good record of investments and satisfied customers. Lastly, their consultation fee isn’t much either, which saves the customer money!
Pros & Cons
Not a fan of Pacific Life? No problem. Check out the next on our list, Penn Mutual. Just like the previous, it also offers reasonable prices and contract lengths.
Further, Penn Mutual offers financial strength, internal policy costs and reliable policy illustrations. And it’s best for seniors as it maximizes the death benefit for premium customers.
Pros & Cons
Protective Life insurance company is another affordable option on the list. It’s famous for offering contracts from 10 to 40 years. Further, with its universal life insurance policy, you can get an internal policy depending on your age and health risks.
In addition, the company has notable records of bonds and mortgages increasing cash value. And policy illustrations are reliable.
Pros & Cons
Let’s not shy away from bringing up real issues upfront. We all know about the increasing number of marijuana users across states. So, to help them, we’ve mentioned this AIG life insurance. Unlike others, this policy offers affordable rates for recreational marijuana users.
Pros & Cons
This fifth-best Mutual of Omaha is best for Generation X and millennials. It offers financial strength and the best policy costs. Further, it has an excellent record of satisfied customers. And it’s also great for cash-value life insurance buyers.
Pros & Cons
Transamerica is another reliable life insurance company to choose from in 2023. It’s best for cash-value insurance buyers and leads the charts. Though there are many reasons to go for Transamerica. It lets you withdraw your death benefit early in case of chronic or critical illnesses.
Pros & Cons
No, we haven’t forgotten nicotine users while sorting out this list. Hence, the John Hancock life insurance option!
While most life insurance companies only cover smokers’ rates for nicotine users. Hancock is different and better for regular and occasional tobacco customers. Further, it doesn’t let you pay twice that of regular non-tobacco users.
Pros & Cons
Since estate planning is essential, Lincoln Financial is the best option for that. The company insures two lives under one and provides a payout when both consumers pass away. Further, the beneficiaries can use that money later to pay estate taxes or other duties.
Pros & Cons
If you want Indexed Universal Life Insurance (IUL), try Minnesota Life. They have affordable rates and reliable policy illustrations.
Pros & Cons
And last but not least, Symetra life insurance company. The company has a record of strong sales and provides reasonable insurance. Further, it has cost-competitive policies for cash-value buyers.
Pros & Cons
Of course, the list doesn’t end at these picks, but now you have various life insurance companies to consider. Analyze the pros and cons for each and pick one that fits you the best.