Bestow takes pride in making the application and acquisition of term life insurance quick and simple. That is one of the best life insurance corporations. Individuals between the ages of 18 and 60 can purchase policies with coverage ranging from $50,000 to $1.5 million. These policies have terms ranging from 10 to 30 years, in five-year intervals.

To receive a fast rate quote, applicants must submit some basic personal data on the Bestow website. They can submit an online application if they desire to continue. The application and approval process can be completed in a matter of minutes since there is no need for a medical checkup. Bestow has just one product, a term life insurance plan that provides benefits in the event that the insured person dies. On this policy, there are no available riders.

For those looking for a quick and simple way to purchase term life insurance online without having to undergo a medical exam, Bestow might be a good fit. For terms of 10 to 30 years, coverage amounts range from $50,000 to $1.5 million. However, only people between the ages of 18 and 60 may use it.

Pros:

• Coverage amounts range from $50,000 to $1.5 million
• No medical exam is required
• Approval can take just a few minutes

Cons:

• Policies are limited to individuals ages 18 to 60
• No additional riders or policies are available to supplement coverage
• Term limits max out at 30 years

Founded: 2016

Revenue: $137.5M (2022)

Website: https://www.bestow.com/

U.S. News Rating: 4.3/5.0

A relatively recent entry into the insurance industry is Haven Life, which was established in 2014 and has its corporate office in New York City. It is an online insurer whose policies are sold on the Haven website and issued by MassMutual or one of its subsidiaries. It is one of the best life insurance corporations.

Haven offers Haven Simple and Haven Term, two different types of term life insurance. After submitting an application and responding to a brief set of questions, Haven Simple policies can be purchased online. The moment your payment is authorized, coverage starts without the need for a medical checkup. You can apply for Haven Term plans online as well, but before your purchase is approved you might need to undergo a medical examination.

If the policy is active and premiums have been paid on time, both Haven Simple and Haven Term offer a guaranteed, tax-free death benefit payable to beneficiaries in a lump amount. For both policies, an accelerated death benefit is offered. Haven Life Plus, a rider that offers more than $700 worth of advantages including a digital will and a membership to a fitness program, is also included with Haven Term. The maximum term limits for Haven Simple are 20 years, with a maximum coverage of $500,000. With maximum term limits of 30 years, Haven Term gives maximum coverage of $3 million.

Haven Simple, which has a completely digital approach and no medical exam requirement, is ideal for people looking for a streamlined procedure. Haven Term meets the demand for people who want additional coverage for a longer period of time, while the Haven Life Plus rider offers advantages such a digital will and online document preservation.

Pros:

• Depending on policy, coverage ranges from $25,000 to $3 million
• Haven Simple doesn’t require a medical exam
• Depending on policy, terms range from 5 to 30 years

Cons:

• Depending on policy, only available until either 55 or 64 years of age
• Haven Term Life typically requires a medical exam

Founded: 2014

Revenue is $280 MillionWebsite: https://havenlife.com/

U.S. News Rating: 4.2/5.0

The mutual firm State Farm, which was established in 1922 as a car insurance provider, now has 85 million active policies and accounts. Products include health, liability, and disability insurance, as well as life, renters, auto, and specialty vehicle insurance. Additionally, State Farm and Trupanion have a partnership to provide pet insurance. The corporation also provides credit cards, a wide range of investments, house and auto loans, checking and savings accounts, and other financial services. Its headquarters are in Bloomington, Illinois.

State Farm encourages those interested in policies to work with one of its local agents rather than offering online rates and applications for its policies. This can be a drawback for people who want to request a price or submit an application from the comfort of their homes. However, State Farm does have more than 19,000 agents dispersed over the nation, so there might be one nearby.

State Farm has a strong selection of life insurance plans with a variety of coverage options. Furthermore, with over 19,000 agents nationally, there is a considerable chance you will be able to find one close to you even though you cannot obtain rates or apply for coverage online. However, some older applicants could discover that the policies to which they have access are more constrained.

Pros:

• The term, whole, and universal policies available
• Term policies can be converted to permanent policies
• More than 19,000 agents nationwide

Cons:

• Some policies exclude applicants who are older than 65
• All policies must be purchased through a State Farm agent

Founded: 1922

Revenue: US$79.395 billion (2019)

Website: https://www.statefarm.com/
U.S. News Rating: 4.1/5.0

Initially created in 1922 as a mechanism for Army officers to insure their automobiles, USAA gradually expanded its offerings to include banking and investing services. That is one of the best life insurance corporations. With its headquarters in San Antonio, USAA offers military troops and their families a broad range of insurance coverage, including health, homeowners, auto, small companies, pets, renters, condos, personal property, and umbrella insurance.

The majority of USAA's insurance products are only offered to members, and membership is limited to active-duty service personnel, veterans, and their immediate families. However, anyone, including those without any military ties, is welcome to apply for its life insurance policies. USAA offers life insurance plans with customizable age restrictions and coverage options. Additionally, policyholders have access to a mobile app and phone help. Those who meet the requirements for USAA membership have access to additional goods from a business that serves military personnel and their families, including banking, investing, and financial guidance.

Due to the fact that not all insurance is offered in all states, USAA won't be a solution for everyone. It offers versatile policies and coverages that, for those who qualify, can meet a variety of life insurance needs, whether you're seeking for term or permanent life insurance.

Pros:

• Membership provides access to other financial products and advice
• Offers term, whole, and universal policies
  

Cons:

• Few policy options overall
• Some policies aren’t available in all states

Founded: 1922

Revenue: US$35.617 billion (2019)
Website: https://www.usaa.com/

U.S. News Rating: 4.1/5.0

One of the greatest financial services companies in the world, Nationwide was established in 1925. It provides a wide range of services, including insurance for life, autos, homes, renters, and pets. The business's main office is in Columbus, Ohio. A strong selection of life insurance policies is provided by Nationwide. Although there are other possibilities with lower prices, the company's life insurance rates are on the lower end when compared to others. To bolster your coverage, you can add riders to both term and permanent insurance. Only term policies are compatible with an online application or quote.

Both term and permanent life insurance policies are available Nationwide. There are four types of them: whole, universal, indexed universal, and variable universal. Its Guaranteed Level Term policy offers the option to convert to a permanent policy, such as a whole or universal policy, and has a fixed premium for the duration of the policy. A survivorship policy, which is an indexed universal life policy, is also available. Depending on the type of insurance, coverage options vary; while many start at $100,000, there are certain exceptions. For instance, the whole-life policy often starts at just $10,000 in coverage, whereas the survivorship policy starts at $250,000. Up until age 95, the Guaranteed Level Term policy may be renewed annually; however, new applicants must be 70 years of age or younger. Applicants for whole and universal life plans must typically be no older than 80 or 85, depending on the policy and your location.

The life insurance alternatives offered by Nationwide are numerous, adaptable, and among the more cheap ones in our review. For its permanent life policies, it does not provide online quotes or applications.

Pros:

• The term, universal, and whole policies available
• Opportunity to customize coverages with riders
• Among the least expensive in our rating

Cons:

• Term applicants must be 70 or younger to qualify
• No online quotes or applications for permanent policies

Founded: 1925

Revenue: US$52,900M (2021)

Website: https://www.nationwide.com/

U.S. News Rating: 4.0/5.0

The headquarters of MassMutual is in Springfield, Massachusetts, and it was founded in 1851. That is one of the best life insurance corporations. MassMutual provides retirement planning, investment management services, and financial wellness advice on matters including estate planning and college savings in addition to a range of life insurance plans. Employer benefit programs like group life insurance and pensions can be managed by business owners using MassMutual.

Anyone who owns a life insurance policy with MassMutual has access to all of today's amenities. For instance, it features a mobile app for iPhones and Androids that enables you to view the specifics of your policy and make adjustments. Additionally, you don't have to go through a customer service agent; you can submit claims online.

Additionally, MassMutual has an easy-to-read chart to help you understand the variations between its policies if you're shopping around for insurance. However, Haven Life, a MassMutual subsidiary that is also in our ranking, will handle your online term insurance application. Online applications are not accepted for permanent plans like full or universal.

Even if you're an older candidate, MassMutual offers a strong selection of life insurance, making it simpler to pick one that fits your particular needs. But you might not find the application process to be as convenient as you'd want.

Pros:

• Term and permanent policy options
• Online breakdown of policies
• Online claims filing
  

Cons:

• Online term policies through Haven Life, with no permanent policy conversion
• No online application for permanent policies

Founded: 1851

Revenue: US$10.7 billion (2022)

Website: https://www.massmutual.com/

U.S. News Rating: 4.0/5.0

Fort Wayne, Indiana's Lincoln National Life Insurance Company was established in 1905. Lincoln's son, Robert Todd Lincoln granted the company permission to use the name and Lincoln's likeness, which is still featured in the corporate logo. The company is named after Abraham Lincoln. Today, Lincoln Financial Group provides both individuals and businesses with insurance and financial planning options.

Lincoln Financial offers a variety of term and universal insurance products that customers can customize with a variety of riders, such as long-term care, guaranteed insurability, and expedited death benefits. The conversion of a term life insurance policy to a universal life insurance policy can be done without a medical exam or additional costs. For more information or to begin the application process, get in touch with one of Lincoln's financial experts. Whole-life policies are not offered by the insurer, therefore, people who are interested in buying one must look elsewhere.

Lincoln Financial offers policies that are reasonably versatile, with varied coverage requirements and even the option for some applicants to forgo a medical test. Through a number of optional riders, applicants can tailor their insurance coverage. Whole life insurance policies are not offered by the insurer, which can be a drawback for some.

Pros:

• Term and universal policies available
• Ability to convert term policies to permanent policies
• Wide range of universal life policies

Cons:

• Online quotes are not available
• No whole life insurance policies

Founded: 1905

Revenue: US$19.230 billion (2021)
Website: https://www.lincolnfinancial.com/

U.S. News Rating: 3.9/5.0

Incorporated more than 175 years ago is New York Life. It has been paying dividends to policyholders for more than 160 years straight, operates as a mutual company today, and has its headquarters in New York City.

New York Life, one of the biggest providers of life insurance, offers flexible plans across the country. Most of them offer a death benefit given to your beneficiaries that is tax-free. You'll have to speak with an agent in order to obtain a New York Life policy. The company's website does not offer a way to get a price or apply for insurance. The company offers both term policies, which end after a specified period of time, and permanent insurance, which follows you for the rest of your life or as long as you keep paying your premiums. Whole life and universal life are the two sorts of permanent policies available. While whole life offers a predictable premium and death benefit, universal life insurance give you flexibility. If you want to change your term insurance policy to a permanent one, there is a charge.

The type of policy affects the coverage limits. For instance, the Protection Up to Age 90 policy starts at $1 million. However, for the majority of policies, you'll need to speak with an agent to find out what kinds of coverage are offered. There are no age restrictions indicated and policies are available in all 50 states, so that might be something to bring up with your agent.

For people all around the United States, New York Life Insurance offers term and permanent life insurance. Policies come with a customizable death benefit that is tax-free. There isn't much information on the website, so you'll need to speak with an agent to get an estimate or buy a policy.

Pros:

• A broad range of term, whole life, and universal life policy options
• Policies can be customized with riders
• Tax-free death benefits for all policies

Cons:

• No online quotes or applications
• Conversion fee to switch from term to permanent

Founded: 1845

Revenue: US$44.117 billion (2019)
Website: https://www.newyorklife.com/

U.S. News Rating: 3.7/5.0

Northwestern Mutual, with its main office in Milwaukee, was established in the financial services sector in 1857. Northwestern Mutual, like a number of the businesses in our list, doesn't provide its policies online. To buy a policy or learn more about a particular product, you must instead get in touch with an insurance representative. You can use the internet to look up agents by name or area.

There are four different forms of insurance offered by Northwestern: term, whole life, universal life, and variable universal life. A whole life insurance policy generates cash value over time and lasts as long as you are alive or as long as you continue to make premium payments. A term life insurance policy expires after a set number of years. As long as you keep paying your premiums, universal life is also a lifelong coverage and gives you flexibility and monetary value. A variable universal policy is comparable to a universal policy in that it offers cash value, the the freedom to adjust your policy as your financial circumstances change, and coverage for as long as you live or keep paying premiums.

Whole life, term life, and universal life insurance coverage for Northwestern Mutual policies begin at $50,000, $100,000, and $500,000, respectively. To learn more about the coverage's maximum restrictions, contact an agent. The age restrictions change depending on the type of policy. For instance, whole life can be acquired for people from birth to age 85, whereas universal life is offered for people ages 18 to 85, depending on the premium-paying term. Different age restrictions apply to Northwestern Mutual's term, whole life, universal, and variable universal life insurance plans. With no fees or a medical exam necessary, the company makes switching from term insurance to a whole-life coverage simple. You'll need these things in order to get a quote or buy a policy.

Pros:

• The term, whole life, and universal life policies offered
• No fees or medical exams needed to convert from term to whole life insurance
• Policies available up to age 85

Cons:

• No online applications
• Minimal policy information on the website

Founded: 1857

Revenue: S$$31.1 billion (2020)
Website: https://www.northwesternmutual.com/

U.S. News Rating: 3.7/5.0

This mutual firm, with its headquarters in New York City, was established in 1860 and offers individual life insurance. Other types of individual insurance include investment management, disability insurance, and retirement planning. Additionally, the Guardian Life Insurance Company provides perks like 401(k) plans and business insurance. You can apply for term life insurance coverage online and get fast estimates. To learn about rates for permanent coverage, speak with a local financial expert. It's simple to comprehend your selections thanks to the company's presentation of information about its items.

Options for the term and permanent life insurance, including whole and universal policies, are provided by Guardian Life. Guardian Life only provides one policy per category, with the exception of universal insurance (which provides both a standard and variable universal policy option). Riders are a flexible way to bulk up any policy. With one exception—whole life policies—the majority of policies begin with $100,000 of coverage.

You may not be eligible for each coverage depending on your age, but permanent policies typically have greater limits. For instance, entire life insurance has a 90-year age cutoff while universal policies do not accept applicants over 85. Contrarily, candidates for term policies may be as young as 55 for 30-year term plans.

It will please those who want to purchase insurance directly from Guardian that they can do so for term policies. Working with an agent is required for permanent policies. You must frequently engage with an agent when buying a permanent life insurance policy from the businesses in our review. However, Guardian Life has a good selection of options, and the age limitations are sometimes quite lenient.

Pros:

• The term, whole, and universal policies available
• Term policies can be applied for online
• High age limits for some permanent policies

Cons:

• No online quotes or applications for permanent policies
• Longer-term policies have relatively low age restrictions

Founded: 1860

Revenue: $954 million USD (2018)

Website: https://www.guardianlife.com/

U.S. News Rating: 3.7/5.0