A++ Rated Life Insurance Companies 2020

A++ Rated Life Insurance Companies

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.

Top Rated Life Insurance Companies 2017 - TopLifeInsuranceReviews.com

Key Takeaways

  • ​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 f​or A++ rated life insurance companies ​​​tends to more strict than A+ rated companies.
  • The premiums f​or 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++

For a complete list of all 500+ life insurance companies and their ratings 2020, click here.

​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.

​$100,000 ​$​250,000 ​$​500,000 ​$750,000 ​$1,​000,000
​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.

Wrap Up

​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.​