USAA

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