Best Rated Life Insurance Companies 2021

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) 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 smart and savvy shoppers choose 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 life insurance company but they are also receiving the best possible rates out of all 700+ insurers. 

Additionally, some A (Excellent) rated insurers specialize in certain niches that offer the best possible rates.  For example, if an applicant has Type I or II diabetes, a company such as American General or ING (both A rated) will often have the lowest rates in the nation.  And for those looking for no-medical exam life insurance, an A- (Excellent) insurer often has the best rates and is still (Excellent) rated by A.M. Best.

Additionally, for extra security, all 50 states, including the District of Columbia have a state guarantee associationThis 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 2021

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 very important when choosing an insurer, price and policy benefits should be the first thing you consider.  In order to see what company has the lowest price and the best financial rating please feel free to use our instant quote engine.

A++ (Superior) Rated Life Insurance Companies 2021

  • Northwestern Mutual Life Insurance Company
  • New York Life Insurance Company
  • Teachers Insurance & Annuity Association
  • Berkshire Hathaway Life of NE
  • USAA Life Insurance Company
  • MassMutual Life Insurance Company
  • Thrivent Financial Lutherans
  • State Farm Life Insurance Company
  • Guardian Life Insurance Company

A+ (Superior) Rated Life Insurance Companies 2021

  • Prudential Life Insurance Company (Pruco)
  • Pacific Life Insurance Company
  • Banner Life Insurance Company
  • John Hancock Life Insurance Company
  • Protective Life Insurance Company
  • Principal National Life Insurance Company
  • Midland National Life Insurance Company
  • North American Company for Life and Health
  • Penn Mutual Life Insurance Company
  • Lincoln National Life Insurance Company (Lincoln Financial)
  • Sun Life & Health Insurance Company
  • Minnesota Life Insurance Company
  • Western & Southern Life Insurance Company
  • Integrity Life Insurance Company
  • Columbus Life Insurance Company
  • Securian Life Insurance Company
  • MetLife Insurance Company
  • RiverSource Life Insurance Company
  • American United Life Insurance Company
  • State Life Insurance Company
  • 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
  • Globe Life & Accident Insurance Company
  • Companion Life Insurance Company
  • Nationwide Life Insurance Company
  • United of Omaha Life Insurance Company
  • Mutual of Omaha Life Insurance Company
  • Cincinnati Life Insurance Company
  • Allstate Life Insurance Company
  • Jackson National Life Insurance Company
  • American Heritage Life Insurance Company
  • Southern Farm Bureau Life Insurance Company
  • Woodmen of the World
  • COUNTRY Life Insurance Company
  • Sentry Life Insurance Company
  • Auto-Owners Life Insurance Company
  • Combined Insurance Company of America
  • Tennessee Farmers Life Insurance Company
  • Amica Life Insurance Company
  • National Benefit Life Insurance Company
  • Knights of Columbus
  • Vantis Life Insurance Company

A, A- (Excellent) Rated Life Insure Companies 2021

  • American General Life Insurance Company- AIG
  • SBLI (Savings Bank Life Insurance Company)
  • Transamerica Life Insurance Company
  • Sagicor Life Insurance Company
  • American Income Life Insurance Company (AIL)
  • Liberty National Life Insurance Company
  • United American Insurance Company
  • Standard Insurance Company
  • Modern Woodmen of America
  • Dearborn Life Insurance Company
  • Life Insurance Company of the Southwest
  • CMFG Life Insurance Company
  • National Life Insurance Company
  • MEMBERS Life Insurance Company
  • ReliaStar Life Insurance Company
  • Voya Retirement Insurance & Annuity Company
  • Life Insurance of North America
  • Jackson National Life Insurance Company
  • Brighthouse Life Insurance Company
  • American National Insurance Company (ANICO)
  • Horace Mann Life Insurance Company
  • Mutual Trust Life Insurance Company
  • Pan-American Life Insurance Company
  • Pacific Guardian Life Insurance Company
  • National Western Life Insurance Company
  • Accordia Life & Annuity Company
  • USAble Life
  • Forethought Life Insurance Company
  • Unum Life Insurance Company of America
  • Unum Insurance Company
  • Ohio National Life Insurance Company
  • Bankers Life & Casualty Company
  • Washington National Insurance Company
  • Colonial Penn Life Insurance Company
  • Fidelity & Guaranty Life Insurance
  • Southern Financial Life Insurance Company
  • Security Benefit Life Insurance Company
  • Reliable Life Insurance Company
  • Union National Life Insurance Company
  • ShelterPoint Life Insurance Company
  • Farm Bureau Life Insurance Company
  • Lincoln Benefit Life Company
  • Farmers New World Life Insurance Company
  • Americo Financial Life & Annuity
  • Union Labor Life Insurance Company
  • Kansas City Life Insurance Company
  • Erie Family Life Insurance Company
  • Farm Bureau Life Insurance Company of MI
  • Assurity Life Insurance Company
  • Physicians Mutual Insurance Company
  • Alfa Life Insurance Corporation
  • Illinois Mutual Life Insurance Company
  • Boston Mutual Life Insurance Company
  • Funeral Directors Life Insurance Company
  • Automobile Club of Southern CA Life (AAA)
  • Shelter Life Insurance Company
  • Family Heritage Life of America
  • Catholic Life Insurance
  • Royal Neighbors of America
  • Lincoln Heritage Life Ins Company
  • Auto Club Life Insurance Company
  • EMC National Life Company
  • AAA Life Insurance Company
  • Farm Bureau Life Ins Co of MO
  • Motorists Life Insurance Company
  • National Teachers Association Life Insurance
  • Standard Life & Accident Insurance
  • Grange Life Insurance Company
  • Fidelity Life Association
  • American-Amicable Life
  • 5 Star Life Insurance Company
  • Trustmark Life Insurance Company
  • Great Southern Life Insurance Company
  • Lumico Life Insurance Company
  • United Home Life Insurance Company

Choosing The Right Life Insurance Company

The best rated life insurance companies 2021 will provide you with added peace of mind knowing that your policy is with an insurer that was deemed (Excellent) or (Superior) by the A.M. Best Company 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.  It’s vital that you shop around and receive multiple rate quotes before deciding on a particular company.  A good rule of thumb is to choose a company with the lowest price that has at least an A (Excellent) rating or better by A.M Best or it’s a no medical exam policy, A- (Excellent) or better.

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