The company with the best whole life insurance is the one that can solve all of your insurance problems. I don't know which company that is; however I will give you a few clues.
Decide what your financial goals are. If you only desire to pay for your funeral, then a final expense policy may be right for you. The premiums are more expensive, but it gets the job done. If you are a working adult with a spouse and/or children, consider term life insurance. This may be a better option.
Decide how much you would like your premium (periodic payment for insurance) to be. Hint: Your premium payment should be no more than 6% of your monthly or annual income.
Once you find companies that meet those criteria, find out what additional benefits you will receive from them. Many companies offer complimentary benefits such as free accidental death coverage.
Check out the company's reputation. If the reputation is poor, it could be that way for a reason.
These are a few ways to find a good company to do business with; however, the best way to find a suitable life insurance company is to find a good insurance broker or senior agent. That person will ask the right questions on your behalf in order to find the best match to your goals.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Who has the best whole life insurance? As the saying goes, if I tell you, then I have to kill you... What is really good for consumers is there is no "best" single life insurance company that offers whole life, there are a multitude of carriers who have rated very high across the board with different financial rating agencies. What's nice is you have a choice of many companies that can provide you a great choice for your needs.
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Also, underwriting guidelines are different so your best option may not be viable for someone else.
Prudential? Transamerica? Northwestern? New York Life?
Find an experienced full-time broker and they can shop for the best options.
Decide what your financial goals are. If you only desire to pay for your funeral, then a final expense policy may be right for you. The premiums are more expensive, but it gets the job done. If you are a working adult with a spouse and/or children, consider term life insurance. This may be a better option.
Decide how much you would like your premium (periodic payment for insurance) to be. Hint: Your premium payment should be no more than 6% of your monthly or annual income.
Once you find companies that meet those criteria, find out what additional benefits you will receive from them. Many companies offer complimentary benefits such as free accidental death coverage.
Check out the company's reputation. If the reputation is poor, it could be that way for a reason.
These are a few ways to find a good company to do business with; however, the best way to find a suitable life insurance company is to find a good insurance broker or senior agent. That person will ask the right questions on your behalf in order to find the best match to your goals.
I hope this helps. Good luck!