Feature for Money.com
Our friends at money.com have researched the best 15 life insurance companies of 2021 that will help you get the most out of your hard earned money, and now we’re sharing them with you too.
What is life insurance?
Life insurance, which is also referred to as life cover, is a financial policy that protects your loved ones in the event of your death. The amount that you pay for your life insurance is dependent on how much cover you need, and how long you need it for. The majority of policies are designed to release a lump sum to your loved ones if you pass away to manage finances such as household bills, funeral costs and other expenses.
Is life insurance necessary?
The choice to take out a life insurance policy is completely up to you. If you have loved ones that are dependent on you financially then life insurance can be a great benefit. It provides peace of mind that you know your family will have what they need once you’re gone. If you’re retired and have no dependents, you may not feel the need to take out a life insurance policy. The choice is related to your individual circumstances.
What are the best life insurance companies on the market?
Researchers from money.com have found the top 15 life insurance companies of 2021 that can provide the best protection for you and your family.
Money.com’s Top Picks
Northwestern Mutual – Best overall
Nationwide – Highest customer satisfaction
Mutual of Omaha – Best for complex medical histories
New York Life – Best for mutual insurance
Mass Mutual – Best for Covid-19 workers
State Farm – Best for immediate term coverage
Guardian Life – Good survivorship policies
USAA Life Insurance – Best for military and veterans
Liberty Mutual – Best for quick approval
Best Online Life Insurance Options:
Bestow – Best life insurance without a health exam
Haven Life – Fast access to MassMutual term life policies online
Policygenius – Easily compare life insurance quotes from different providers
HealthIQ – Good health can lower your monthly premium
Sproutt – Pricing based on their Quality of Life Index
Ethos – Simple and efficient process
Find out more about Money.com’s 15 best life insurance companies of 2021 here.
T K Williams-Nelson