Are you looking for a current list of the A+ rated life insurance companies 2021? Then you have come to the right place. Whether you’re looking to check the rating for a specific company or want to see a full list to help you are choose highly rated insurer, this article is for you.
Table of Contents
- List of A+ Rated Life Insurance Companies 2021
- A+ Rated Life Insurance Companies Premiums
- What Does an A+ Rated Company Mean?
- Is There Any Life Insurance Rating Higher Than A+?
- Final Thoughts
A+ Rated Life Insurance Companies 2021 List
|Company||A.M. Best Rating|
|Prudential Life Insurance Company||A+|
|Pacific Life Insurance Company||A+|
|Banner Life Insurance Company||A+|
|John Hancock Life Insurance Company||A+|
|Protective Life Insurance Company||A+|
|Principal National Life Insurance Company||A+|
|Midland National Life Insurance Company||A+|
|North American Company for Life and Health||A+|
|Penn Mutual Life Insurance Company||A+|
|Lincoln National Life Insurance Company (Lincoln Financial)||A+|
|Sun Life & Health Insurance Company||A+|
|Minnesota Life Insurance Company||A+|
|Western & Southern Life Insurance Company||A+|
|Integrity Life Insurance Company||A+|
|Columbus Life Insurance Company||A+|
|Securian Life Insurance Company||A+|
|MetLife Insurance Company||A+|
|RiverSource Life Insurance Company||A+|
|Pruco Life Insurance Company||A+|
|American United Life Insurance Company||A+|
|State Life Insurance Company||A+|
|Lafayette Life Insurance Company||A+|
|Allianz Life Insurance Company||A+|
|William Penn Life Insurance Company||A+|
|Primerica Life Insurance Company||A+|
|Mutual of America Life Insurance Company||A+|
|West Coast Life Insurance Company||A+|
|Globe Life & Accident Insurance Company||A+|
|American Income Life Insurance Company (AIL)||A+|
|Companion Life Insurance Company||A+|
|Nationwide Life Insurance Company||A+|
|United of Omaha Life Insurance Company||A+|
|Mutual of Omaha Life Insurance Company||A+|
|Cincinnati Life Insurance Company||A+|
|Allstate Life Insurance Company||A+|
|Jackson National Life Insurance Company||A+|
|American Heritage Life Insurance Company||A+|
|Southern Farm Bureau Life Insurance Company||A+|
|Woodmen of the World||A+|
|COUNTRY Life Insurance Company||A+|
|Sentry Life Insurance Company||A+|
|Auto-Owners Life Insurance Company||A+|
|Combined Insurance Company of America||A+|
|Tennessee Farmers Life Insurance Company||A+|
|Amica Life Insurance Company||A+|
|National Benefit Life Insurance Company||A+|
|Knights of Columbus||A+|
|Vantis Life Insurance Company||A+|
*Ratings from A.M. Best
A+ Rated Life Insurance Companies Premium Chart
Below are the sample monthly rates for a 45-year old, male, excellent health on a 10-year term.
|Company||$500,000||$750,000||$1 million||$1.5 million||$2 million|
|Lincoln Financial (Lincoln National Life)||$29.21||$39.88||$48.33||$68.56||$88.78|
|John Hancock Life Insurance||$29.19||$41.98||$48.44||$69.63||$90.83|
|Principal National Life||$28.63||$39.73||$47.41||$67.89||$88.37|
What Does an A+ Rated Company Mean Exactly?
An A+ rating is the financial strength grade the leading life insurance rating agency, A.M. Best has given to a life insurance company. An A+ rating means that in their opinion, the insurance company has a ‘Superior’ ability to meet their ongoing insurance obligations. The Superior category is the highest tier as seen in the chart below. The ratings from A.M. Best help consumers quickly asses an insurer’s financial strength to help them choose a company with a strong balance sheet and safe investment grade portfolio.
A.M. Best Rating Chart 2021
Is There Any Life Insurance Rating Higher Than A+?
The only financial rating higher than an A+ by A.M. Best is an A++. As of this writing, there are less than a dozen life insurance companies with an A++ rating. Some of the these companies include; New York Life, Northwestern Mutual, MassMutual, Haven Life, State Farm and a few others. While these companies are very strong financially, their underwriting tends to be very strict and their rates are often significantly more than A+ rated companies seen above such as; Pacific Life, Prudential, John Hancock, etc. Also, both an A++ and an A+ rated company are both is the same category, Superior, the highest class. This is why many choose to go with an A+ rated company to get the best of both worlds, lower rates, favorable underwriting but still with an insurer in the highest rating category, Superior.
A+ Rated Life Insurance Companies- Bottom Line
When shopping for life insurance it’s imperative to look at the company’s financial rating from A.M. Best. A.M. Best is the foremost authority credit rating agency when it comes to life insurance. When an insurer receives an A+ rating from A.M. Best, this means the insurer is in their highest category, Superior, for financial strength. This rating provides added peace of mind the insurance company is financially strong and will be able to protect your loved ones. The A+ rated insurers will often have the most favorable underwriting guidelines and much lower rates compared to the A++ rated companies while still maintaining the Superior financial rating.
Frequently Asked Questions (FAQ)
A Comdex score is a ranking of the four main rating agencies; A.M. Best, S&P, Fitch and Moody’s. It is not a rating agency itself but averages the ratings received from the four aforementioned rating agencies. For a complete list of life insurance companies Comdex scores 2021, click on the link above.
The two highest rated life insurance companies in 2021 are: Northwestern Mutual Life Insurance Company and New York Life Insurance Company, as both insurers have a 100 Comdex Score and a AAA rating. See a complete list of the triple A rated life insurance companies.
The life insurance companies that often have the lowest rates and most favorable underwriting are A+ or A rated by A.M. Best. These are the blue chip life insurance companies. Some of these A+ rated companies include; Pacific Life Insurance Company, Mutual of Omaha, Prudential (Pruco) Life Insurance Company, Protective Life, Banner Life, Lincoln Financial with the complete list is above in the article. Each life insurance company has their own underwriting guidelines and rates, that’s why it’s important to compare rates from multiple insurers to make sure you are getting the best deal from a highly rated company.