Best Rated Life Insurance Companies 2014

by Scott Gordon on December 26, 2013

Best Rated Life Insurance Companies 2014

Choosing a highly rated life insurance company is one of the most important decisions you can make when shopping for a policy.  Life insurance is meant to act as a safety net in a time of uncertainty for your loved ones.  If that safety net were to disappear, the devastation left behind could be tragic.  This uncertainty can be adverted or greatly reduced by selecting a highly rated life insurance company.

How do I evaluate a life insurance company’s ratings?

The preeminent life insurance rating agency in America in 2014 is A.M. Best.   The highest financial rating any company can receive is an A++ (Superior) rating.  Then the next one down is A+ (Superior) followed by A (Excellent) and A- (Excellent).  Their rating scale goes all the way down to S for (Suspended).  A rule of thumb that many financial advisors like to use is to only purchase a policy from a company with a rating of A- (Excellent) or better by A.M. Best.  By following this rule your insurer’s ability to meet its obligations to policyholders was evaluated and deemed excellent or superior by the preeminent rating agency in America.

Highest Rated Life Insurance Companies in 2014 List

  1. Teachers Ins & Annuity Association- A.M. Best Rating: A++
  2. Northwestern Mutual Life Insurance Company- A.M. Best Rating: A++
  3. New York Life Insurance Company- A.M. Best Rating: A++
  4. Knights of Columbus- A.M. Best Rating: A++
  5. Berkshire Hathaway Life of NE- A.M. Best Rating: A++
  6. General Re Life Corp- A.M. Best Rating: A++
  7. USAA Life Insurance Company- A.M. Best Rating: A++
  8. MassMutual Life Insurance- A.M. Best Rating: A++
  9. Thrivent Financial Lutherans- A.M. Best Rating: A++
  10. State Farm Life Insurance Company- A.M. Best Rating: A++
  11. Guardian Life Insurance Company- A.M. Best Rating: A++

Continued; Highest Life Insurance Companies in 2014 List (Most Popular)

  1. Prudential - A+ (Superior)
  2. MetLife- A+ (Superior)
  3. ING-    A (Excellent)
  4. John Hancock- A+ (Superior)
  5. Lincoln Financial- A+ (Superior)
  6. Transamerica- A+ (Superior)
  7. AXA Financial- A+ (Superior)
  8. Nationwide- A+ (Superior)
  9. Hartford- A- (Excellent)
  10. Allianz Life- A (Excellent)
  11. Genworth- A (Excellent)
  12. Ameriprise- A+ (Superior)
  13. Allstate- A+ (Superior)
  14. Minnesota Mutual- A+ (Superior)
  15. Primerica- A+ (Superior)
  16. Principal- A+ (Superior)
  17. Great-West- A+ (Superior)
  18. Protective Life- A+ (Superior)
  19. North American- A+ (Superior)
  20. Banner Life- A+ (Superior)
  21. American General- A (Excellent)
  22. SBLI- A+ (Superior)
  23. Sagicor Life Insurance Company- A- (Excellent)

The Highest Rated Life Insurance Companies in 2014

There are an estimated 1,000 life insurance companies in the United States in 2014.  While the financial rating of an insurer is one of the most important things to consider, it’s not the only thing.  Price should be at the top of the list as well.  It’s said that a valid life insurance claim hasn’t gone unpaid in the modern U.S., so make sure you shop around based on price in addition to financial rating.

The best rated life insurance companies in 2014 offer; affordable rates, high quality coverage and a long stable company history.  There are plenty of highly rated insures to choose from in 2014 so make sure you shop around to find the best deal.

 

*Ratings shown as of June 2013

“Image courtesy of Ambro/FreeDigitalPhotos.net”

{ 0 comments… add one now }

Leave a Comment

{ 1 trackback }

Previous post:

Next post: