Are you looking for a list for the A++ rated life insurance companies 2020? Then you have come to the right place. First let’s start with what a A++ rated life insurance means exactly. For this article, an A++ is the rating received by a life insurance company from the preeminent life insurance rating agency A.M. Best. As you can see from the table below, A++ is the highest rating available.
- A++ is the highest rating available from A.M. Best.
- There are currently only seven life insurance companies with an A++ financial rating in 2020 in the United States.
- The underwriting for A++ rated life insurance companies tends to more strict than A+ rated companies.
- The premiums for A++ rated life insurance companies tend to be higher than A+ rated life insurance companies.
- Compare rates from multiple A++ and A+ rated insurers and choose the best company for you.
A++ Rated Life Insurance Companies 2020 List from A.M. Best
|Northwerstern Mutual Life Insurance Company A++|
|New York Life Insurance Company A++|
|Thrivent Financial for Lutherans A++|
|USAA Life Insurance Company A++|
|MassMutual Life Insurance Company (Haven Life) A++|
|State Farm Life Insurance Company A++|
|Guardian Life Insurance Company A++|
A++ Rated Life Insurance Companies Rate Chart
Below are the monthly rates for a 50 year old male, at the Preferred Plus health class on a 10-year term.
|Thrivent Financial $15.65||Guardian Life $26.18||Guardian Life $42.92||Guardian Life $64.37||Guardian Life $77.25|
|MassMutual $16.97||MassMutual $27.19||MassMutual (Haven Life) $45.73||MassMutual (Haven Life) $65.60||MassMutual $84.83|
|New York Life $21.62||New York Life $37.69||New York Life $69.88||New York Life $102.06||New York Life $108.64|
A++ Rated Life Insurance Companies- Additional Information
The majority of the A++ rated life insurance companies are mutual insurance companies; Northwestern Mutual, State Farm, New York Life, MassMutual, and Guardian. USAA is a reciprocal company and Thrivent Financial is a not-for-profit. These are the highest echelon rated companies. The advantages to choosing one of these companies is of course is their financial strength. A potential downside to an A++ rated life insurance company is often their underwriting tends to be more strict and their rates tend higher than many of the A+ rated insurers. Both are in the same category, Superior by A.M. Best as seen in the chart above. Some well-known A+ Superior insurers include; Prudential, Mutual of Omaha, Pacific Life, Lincoln Financial, Principal, Banner Life, Protective Life,. Click on the link, for a complete list of the A+ rated life insurance companies.
For a life insurance company to receive an A++ financial rating from A.M. Best puts them in an exclusive category. As you saw above in our A++ Rated Life Insurance Companies 2020 list, there are only a handful of life insurance companies to receive this distinction; Northwerstern Mutual Life Insurance Company, New York Life Insurance Company, Thrivent Financial for Lutherans, USAA Life Insurance Company, MassMutual Life Insurance Company, State Farm Life Insurance Company and Guardian Life Insurance Company. While the financial strength of the insurers is self-evident, their premiums tend to be higher and also underwriting can be more strict than A+ rated life insurance companies. The best thing to when shopping for life insurance is to compare rates from multiple A++ and A+ companies and choose the best policy for you.