Top 10 Life Insurance Companies in USA 2022

Here are the top 10 life insurance companies in USA 2022. Prudential, Northwestern Mutual, State Farm, New York Life, Lincoln Financial

 Here are the top 10 life insurance companies in USA 2022. The United States offers a variety of products with long back history. According to the life insurance marketing and research association about half of US, households have less life insurance than they must have.


Our team has made a list of the top 10 life insurance companies in USA 2022 which would make it easier to shop for a life insurance policy with the best insurance company. We have well researched and evaluated the companies based on service, financial strength, history, customer service, available plans, riders, etc.

Prudential

Prudential founded in 1875 is one of the largest insurance companies in the United States. providing insurance, life insurance, investment management, mutual funds, asset management, and many more. it was ranked at 52nd position in 2018 Fortune 500 List and 69th position in 2017 Forbes Worlds Biggest Public Companies list.

Pros:

Less Customer complains

Cons:

Average Customer satisfaction

Life insurance policies: 

Universal life insurance

Term life insurance

Variable Universal life insurance

Indexed Universal life insurance

Official website: www.pridential.com

Income: $374 million

Market Share in 2020: 5.5%

Rating by our team: 5/5

AM Best Rating: A++

Also Read: Prudential Life Insurance Review 2022


Northwestern Mutual

Northwestern founded in march, 1857 is one of the largest financial security companies based in Milwaukee providing financial planning, education planning, retirement planning, business planning, and much more. it is ranked at 90th position in Fortune 500 List and ranked at 368 in America's Best Employers 2021 by Forbes.

The Subsidiaries provided by the parent company Northwestern Mutual are

Northwestern Mutual Investment Services

Mason Street Advisors

Northwestern Mutual Investment Management Company

Northwestern Long Term Care Insurance Company

Pros:

Less Customer Complains

Highly rated in J.D Power Study

Cons:

Few term Riders are available

Life insurance policies: 

Whole life insurance

universal life insurance

Term life insurance

Market share in 2020: 10.6%

Official website: www.nortwestrnmutual.com

Income: $425 million

Rating by our team: 5/5

AM Best Rating: A++

Also Read: 5 Things to Consider Before Buying Life Insurance


State Farm

State Farm founded in June 1992 is a large group of Insurance companies in the United States of America with 30 operations centers, 343 offices, and 18,000 agents. it provides insurance, financial services, automobile insurance, banking, and mutual funds. it is ranked at 36th position in Fortune 500 List.

Subsidiaries provided by the parent company State Farm are:

State Farm Life Insurance Company

State Farm Life and Accident Assurance

State Farm Fire and Casualty Company

State Farm Mutual Insurance Company of Texas

State Farm County Mutual Insurance Company of Texas

State Farm General Insurance Company

Amberjack ltd

State Farm Variable Product Trust

State Farm Guaranty Insurance Company

State Farm Specialty Insurance Company

Plaza One Realty Co

Insurance Placement Services

SF Insurance Placement Corporation of Canada

State Farm International Life Insurance Company ltd

State Farm Mutual Fund Trust

State Farm Associate's Funds Trust

State Farm International Service

State Farm Investment Management Corp

State Farm VP Management Corp

State Farm Bank F.S.B

State Farm General Insurance Company

State Farm Florida Insurance Company

State Farm Lloyds

Dover Bay Specialty Insurance Company


Official Website: www.statefarm.com

Income: 5.6 billion

Pros:

Safe drivers program and young drivers programs

Customer satisfaction

Cons:

No gap insurance

Life insurance policies: 

Whole life insurance

Term life insurance

Universal life insurance

Official website:

Income:

Market share in 2020: 3.5%

Rating by us: 5/5

AM Best Rating: A++


New York Life

New York life founded in the year 1845 is the third-largest life insurance company in the United States of America. provides whole life insurance, universal life insurance, term life insurance, long-term care insurance, and much more. it is ranked at 67 positions in Fortune 500 List and ranked at 364 in America's Best Employers by Forbes.

Official Website: newyorklife.com

Income: 1 billion

Pros: 

Customer satisfaction

Less customer complains

Cons:

No online Quotes 

Life insurance policies:

Term life insurance

Permanent life insurance

Whole life insurance

Universal life insurance

Variable life insurance

Market share in 2020: 7.1%

Rating by our team: 4.5/5

AM Best Rating: A++


Lincoln Financial

Lincoln financial group founded by Perry Randall in 1905 is one of the largest insurance company headquarters in Radnor, Pennsylvania, United states providing investments, insurance, asset management, group protection, annuities, and much more. it's Fortune 250 American holder company.

Subsidiaries provided by the Parent Company Lincoln are:

Lincoln Life & Annuity Company of New York

Lincoln National Life Insurance Company

Lincoln Financial Securities

Lincoln Financial Distributors

Lincoln Financial Advisors

First Penn-Pacific Life Insurance Company

Pros:

Access to Live chat and Downloadable forms

Cons:

Average in customer satisfaction

Life Insurance Policies:

Term Life Insurance

Universal Life Insurance

Variable Life Insurance

Indexed Universal Life Insurance

Survivorship Life Insurance

Official Website: www.lfg.com

Revenue: $16 billion

Assets: $298 billion

Market share in 2020: 4.7%

Rating by our team: 4/5

AM Best Rating: A++


MassMutual

The Massachusetts Mutual life insurance company well known as MassMutual founded by George w. rice in may, 1851 is one of the largest life insurance companies providing long-term care insurance, life insurance, disability income insurance, universal life policies, and much more. it is ranked at 93rd position in the 2018 Fortune 500 List and employs more than 10,500 people internationally.

Revenue: $29 billion

Pros:

Less customer complains

Cons:

Takes medical exam for some coverage options 

Life Insurance Policies:

Term Life Insurance

Whole Life Insurance

Universal Life Insurance

Variable Universal Life Insurance

Official Website: www.massmutual.com

Market share in 2020: 6.4%

Rating by our team: 5/5

AM Best Rating: A++


The Guardian Life Insurance of America

The Guardian Life Insurance of America founded in 1860 is one of the largest mutual life insurance companies with 3,000 financial representatives and 70+ agencies across the nation. it provides life insurance. vision insurance coverage, annuities investments, dental, etc. it is ranked at 239th position in the 2018 Fortune 500 List.

Pros: 

Offers permanent life insurance

Offers survivorship insurance

Cons:

Average customer satisfaction

Life Insurance Policies:

Term Life Insurance

Permanent Life Insurance

Universal Life Insurance

Whole Life Insurance

Guardian EstateGuard

Official Website: www.guardianlife.com  and  www.guardiananytime.com

Assets: $85.5 billion

Market share in 2020: 3.2%

Rating by our team: 5/5

AM Best Rating: A++


John Hancock

John Hancock founded in 1862 was named in the honor of John Hancock, a patriot. it was acquired by Manulife financial in 2004. John Hancock provides mutual funds, life insurance, retirement plans, long-term care insurance, and much more.

Pros:

Discounts and rewards for healthy habits

Less customer complains

Cons:

Average customer satisfaction

Life Insurance Policies:

Term Life Insurance

Permanent Life Insurance

Universal Life Insurance

Indexed Universal Life Insurance

Variable Life Insurance

Revenue: $1.13 billion

Official Websites: www.johnhancock.com

Market share in 2020: 3.3%

Rating by our team: 4/5

AM Best Rating: A+


Transamerica

Transamerica corporation founded in 1928 is the largest American holding company headquarters in Baltimore, MD, USA. providing life insurance, health insurance, investments, retirement services, whole life insurance, and much more.

Pros:

Offers permanent life insurance

Offers high death benefit options

Cons:

More complaints from customers

Average customer satisfaction

Life Insurance Policies:

Term Life Insurance

Whole Life Insurance

Indexed Universal Life Insurance

Final Expense Insurance

Assets: $2 billion

Official Website: www.transamerica.com

Market share in 2020: 3%

Rating by our team: 4/5

AM Best Rating: A+


MetLife

Metropolitan life insurance company well known as MetLife founded in march 1868 is one among largest life insurance companies with 90 million customers across 60 countries. it provides life insurance, financial services, annuities, dental, Auto & Home, employee benefit programs, etc. its is ranked at 43rd position in the 2018 Fortune 500 List

Subsidiaries provided by the Parent Company MetLife are:

General American

MetLife Legal Plans

MetLife Resources 

New England Financial 

Walnut Street Securities, Inc

Safeguard Health Enterprises

Pros:

Identify theft protection

Cons:

average customer satisfaction

Life Insurance Policies:

Available only through Workplace

Individual Life Insurance

Permanent Life Insurance

Term Life Insurance

Income: $5.4 billion

Assets: $795.1 billion

Official Website: www.metlife.com

Market share in 2020: 2.8%

Rating by our team: 4/5

AM Best Rating: A+



© Quantalifeinsurance. All rights reserved. Distributed by ASThemesWorld