List of Insurance Companies In The USA

List of Insurance Companies In The USA


There are many types of insurance, of which life assurance happens to be part of these types of insurance. Life insurance is a contract between an insurance policy holder(insured) and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person in return for a premium. The lump sum can also be claimed depending on the contract, other events such as terminal illness or critical illness. The life insurance also has different types. Here are the types of life insurance.

List of Insurance Companies In The USA

Term life insurance – This kind of life insurance plan lasts for a predetermined period (commonly 10, 15 or 20 years), and then it expires. You can renew for longer or, depending on the life insurance company, switch to a permanent policy that lasts your entire life.
Whole life insurance – In this insurance where your benefits are paid to your beneficiaries after your death. It covers the insured for the duration of their life as long as they continue to honor the payment of their premiums . It includes a guaranteed cash value component(premium), and fixed monthly quarterly or yearly premiums.
Universal life insurance – It is quite similar to whole life, this permanent policy protects the insured for the duration and their life as long as premiums are paid. Here, the premium you pay can be adjusted to the fit changes in your income . The premium may be either adjusted to be increased or decreased depending on how your income changed. and it includes a cash value component.
Endowement Policy- This combines both risk cover and financial savings. The policy holder benefits in two ways. If in case the policy holder passes away, the beneficiaries get the sum assured but if policy holder is still alive after the contract time elapses, then he gets back his premium with other returns and bonuses.

The United States insurance market is vast , with many companies offering different policies. Here is the list of some of the top life insurance companies in the US.

  1. Nationwide

Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona; Des Moines, Iowa and San Antonio, Texas. The company has been in operation for about one century. It offers various life insurance options, including; term, whole and universal life coverage. Nationwide also has several temporary coverages that you can use to adjust your policy to your needs.

  1. Prudential Financial Inc.

This company has been in existence since 1875, and it is based in the state of New Jersey. Prudential has offers like life, accident, and health insurance products with an “A+” (Superior) financial strength rating.

  1. Mutual of Omaha They list offers online quotes for both term and whole life insurance policies.

Mutual of Omaha also offers return-of-premium (ROP) term life insurance, a wide range of coverage, and most policies include at least two living benefits.

  1. Transamerica Corporations

Transamerica Life is a dependable life insurer with a good set of policy options and designs.

With the best ratings “A+” AM, they offer policies such as, term life, universal life and whole life

  1. State Farm

It is one of the most popular insurance companies in the US, with a wide range of insurance services. State Farm ‘s variety offers includes ; term, whole, and universal life insurance products to choose from, alongside other types of insurance.

6 MetLife Inc

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company. It is named among the biggest , largest and fasters growing insurance companies in the USA. They been in operation over the past 150 years. Their offers inlude; whole life, term and universal life insurance policies.

Choosing the best insurance company can be a daunting task, but you make camparison between the amount of premium charged on the same policy from these companies and choose the one that you can afford.

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