Top 10 Life Insurance Companies in USA 2022

 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+



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