Best Rated Life Insurance Companies 2022
Posted in Ratings last updated on March 22, 2024Table of contents
If you’re in the market for life insurance it’s imperative that you check the insurance company’s A.M. Best financial rating before moving forward with an application. A.M Best is the preeminent life insurance rating agency in America and their letter grade will allow you to quickly asses the insurer’s ability to meet its future obligations. A.M. Best uses a ratings scale to gauge an insurer’s financial strength with A++ (Superior) being the best rating and going all the way down to an S grade for (Suspended). A general rule of thumb is to choose an insurer with an A (Excellent) rating or better for fully-underwritten policies and an A- (Excellent) or better for no-medical exam policies. More on the A.M. Best rating table here.
The Best Way to Read Life Insurance Ratings
As stated, an A++ (Superior) rating is the highest rating a life insurance company can receive from A.M. Best. While it would be ideal to have your policy with an A++ rated insurer, in reality these companies are often mutual insurers and their prices are often much greater compared to other similar highly rated companies. This is why many top advisors, agents as well as savvy consumers will shop a company that is A+ (Superior) or A (Excellent) rated. This way the insured gets the best of both worlds so to speak. They are still choosing a highly rated company but they are also receiving the best possible rates out of all 700+ life insurance companies in America.
Additionally, some A+ (Superior) rated insurers specialize in certain niches that offer the best possible rates. For example, if an applicant has Type II diabetes, a company such as Banner Life will often have some of the best rates in the nation. Also, another A+ (Superior) rated insurer, Pacific Life typically has one of the most favorable build chart (height & weight) guidelines in the country.
For added security, all 50 states, including the District of Columbia have a state guarantee association. This is similar to an FDIC for banks and will cover the insurance policy up to a certain amount (varies by state).
Best Rated Life Insurance Companies 2022
Below is a list of some of the most popular life insurance companies in America categorized by their A.M. Best rating. As noted, while a company’s financial rating is important when choosing an insurer, price and product availability are equally or even of a concern for most consumers. In order to see which insurers have the best rates for your age, health and type of policy, feel free to compare rates with our instant quote engine.
(Tip: press the Ctrl button and the letter F at the same time and type in the name of the insurer for a quick search)
‘A++’ (Superior) Rated Life Insurance Companies 2022
- Northwestern Mutual Life Insurance Company
- New York Life Insurance Company
- Teachers Insurance & Annuity Association (TIAA-CREF)
- USAA Life Insurance Company
- MassMutual Life Insurance Company
- Thrivent Financial Lutherans
- State Farm Life Insurance Company
- Guardian Life Insurance Company of America
- Life Insurance of North America
‘A+’ (Superior) Rated Life Insurance Companies 2022
- Prudential Life Insurance Company (Pruco)
- Pacific Life Insurance Company (Pacific Life & Annuity)
- Banner Life Insurance Company
- John Hancock Life Insurance Company USA
- Protective Life Insurance Company (Protective Life & Annuity)
- Principal National Life Insurance Company
- Midland National Life Insurance Company
- National Life Insurance Company
- North American Company for Life and Health
- Penn Mutual Life Insurance Company
- Lincoln National Life Insurance Company (Lincoln Financial)
- Knights of Columbus
- Sun Life & Health Insurance Company
- Minnesota Life Insurance Company
- Western and Southern Life Insurance Company
- Integrity Life Insurance Company
- Columbus Life Insurance Company
- Securian Life Insurance Company
- Life Insurance Company of the Southwest
- MetLife Insurance Company
- RiverSource Life Insurance Company
- American United Life Insurance Company
- State Life Insurance Company (OneAmerica)
- Standard Life and Accident Insurance
- Lafayette Life Insurance Company
- Allianz Life Insurance Company
- William Penn Life Insurance Company
- Primerica Life Insurance Company
- Mutual of America Life Insurance Company
- West Coast Life Insurance Company (Protective Life)
- Companion Life Insurance Company
- Nationwide Life Insurance Company (Nationwide Life & Annuity)
- Hartford Life and Accident Insurance
- United of Omaha Life Insurance Company
- Mutual of Omaha Life Insurance Company
- First Berkshire Hathaway Life Insurance Company
- Cincinnati Life Insurance Company
- Allstate Life Insurance Company
- American Heritage Life Insurance Company
- Southern Farm Bureau Life Insurance Company
- Woodmen of the World
- Texas Life Insurance Company
- Reliance Standard Life Insurance Company
- COUNTRY Life Insurance Company
- Sentry Life Insurance Company
- Direct General Life Insurance Company
- Auto-Owners Life Insurance Company
- Combined Insurance Company of America
- Tennessee Farmers Life Insurance Company
- Amica Life Insurance Company
- Freedom Life Insurance Company of America
- National Benefit Life Insurance Company
- National Foundation Life Insurance
- MONY Life Insurance Company
- Great-West Life & Annuity
- Vantis Life Insurance Company
‘A’ (Excellent) Rated Life Insurance Companies 2022
- Alfa Life Insurance Corporation
- American General Life Insurance Company (AIG)
- American Income Life Insurance Company (AIL)
- American-Amicable Life
- AAA Life Insurance Company
- Auto Club Life Insurance Company
- Automobile Club of Southern CA Life
- Boston Mutual Life Insurance Company
- Erie Family Life Insurance Company
- Savings Bank Life Insurance Company (SBLI)
- Transamerica Life Insurance Company
- Liberty National Life Insurance Company
- Globe Life And Accident Insurance Company
- Standard Insurance Company
- United States Life Insurance in NY (AIG)
- Modern Woodmen of America
- Symetra Life Insurance Company
- CMFG Life Insurance Company (TruStage)
- ReliaStar Life Insurance Company
- MEMBERS Life Insurance Company
- National Teachers Association Life Insurance
- Ameritas Life Insurance Corporation
- Brighthouse Life Insurance Company
- American Family Life Insurance Company
- Dearborn Life Insurance Company
- Farm Bureau Life Insurance Company
- Farm Bureau Life Insurance Company of MI
- Family Heritage Life of America
- Jackson National Life Insurance Company
- Great Southern Life Insurance Company
- Horace Mann Life Insurance Company
- Mutual Trust Life Insurance Company
- Pan-American Life Insurance Company
- American National Insurance Company (ANICO)
- Pacific Guardian Life Insurance Company
- Forethought Life Insurance Company
- Unum Life Insurance Company of America
- Unum Insurance Company
- Accordia Life & Annuity Company
- Colonial Life & Accident Insurance Company
- Paul Revere Life Insurance Company
- Farmers New World Life Insurance Company
- Ohio National Life Insurance Company
- Americo Financial Life & Annuity
- National Western Life Insurance Company
- USAble Life
- Reliable Life Insurance Company
- Shelter Life Insurance Company
- Union National Life Insurance Company
- Bankers Life & Casualty Company
- Washington National Insurance Company
- Colonial Penn Life Insurance Company
- Lumico Life Insurance Company
- Royal Neighbors of America
- Physicians Mutual Insurance Company
- United American Insurance Company
- Patriot Life Insurance Company
‘A-‘ (Excellent) Rated Life Insure Companies 2022
- Assurity Life Insurance Company
- Catholic Life Insurance
- EMC National Life Company
- Fidelity and Guaranty Life Insurance (F&G)
- Fidelity Life Association
- Sagicor Life Insurance Company
- Security Benefit Life Insurance Company
- Southern Financial Life Insurance Company
- ShelterPoint Life Insurance Company
- Lincoln Benefit Life Company
- Union Labor Life Insurance Company
- Kansas City Life Insurance Company
- Illinois Mutual Life Insurance Company
- Funeral Directors Life Insurance Company
- Lincoln Heritage Life Ins Company
- Motorists Life Insurance Company
- Farm Bureau Life Ins Co of Missouri
- Trustmark Life Insurance Company
- United Home Life Insurance Company
- 5 Star Life Insurance Company
Choosing The Right Life Insurance Company
The best rated life insurance companies 2022 will provide you with added peace of mind knowing that your policy is with an insurer that was deemed (Excellent) or (Superior) by A.M. Best in their ability to meet future obligations. And while financial rating is one of the most important items you should look at when choosing a life insurance company, price and policy features are paramount for most consumers.
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*Ratings as of 2/1/2022
