Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
This can actually be a bit of a loaded question because the type of coverage you're looking for, your need, your risk class, premium tolerance, and a number of other factors will really direct where you should go to buy your insurance. If you're strictly looking at who is a "top" carrier, American General, MetLife, and Prudential (to name a few) may fit the bill. If you're looking at just financials such as who has an A++ rating versus A+, A, A-, etc, Guardian and MassMutual may be more to your liking as they have some of the most superior financial ratings by A. M. Best.
There's hundreds of insurance companies out there. A life insurance policy with company ABC may be right for you, but not for someone else. You need to consult with an independent broker to determine which carrier will be good for your policy. Send me a private message if you would like to review quotes or have other questions - you can also visit my website.
Most life insurance is good because life insurance companies are heavily regulated. You can look at their ratings by AM Best, S & P, Moody's, Fitch, or other rating agencies to compare them.
It is also not hard to find agents that sell life insurance from good companies. You can find them online, in the Yellow Pages, or perhaps in your own neighborhood.
If I was trying to decide which agent to choose, I would look at their testimonials, experience, and choices they offer. After they found my best options, I would look at the rating of the companies and go from there.
You can think of "good" in terms of life insurance as a product issued by a solid company at the lowest price possible.
The reputation and financial soundness of the company has been discussed above.
As to price, you can pay up to 50% less on the same amount and term of insurance from one A-rated insurer to another. What this means is that to get good value on your life insurance, you should comparison shop.
Many life insurance websites offer a quoting feature that compares policies available from insurers (from few to dozens of insurers). Obviously, the more choices, the better odds that you will get the lowest price on the insurance you are looking for.
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There's hundreds of insurance companies out there. A life insurance policy with company ABC may be right for you, but not for someone else. You need to consult with an independent broker to determine which carrier will be good for your policy. Send me a private message if you would like to review quotes or have other questions - you can also visit my website.
It is also not hard to find agents that sell life insurance from good companies. You can find them online, in the Yellow Pages, or perhaps in your own neighborhood.
If I was trying to decide which agent to choose, I would look at their testimonials, experience, and choices they offer. After they found my best options, I would look at the rating of the companies and go from there.
The reputation and financial soundness of the company has been discussed above.
As to price, you can pay up to 50% less on the same amount and term of insurance from one A-rated insurer to another. What this means is that to get good value on your life insurance, you should comparison shop.
Many life insurance websites offer a quoting feature that compares policies available from insurers (from few to dozens of insurers). Obviously, the more choices, the better odds that you will get the lowest price on the insurance you are looking for.