Best Rated Life Insurance Companies 2023

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 2023

Below is a list 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.

Quick Search 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 2023

• Guardian Life Insurance Company of America
• Life Insurance Company of North America
• MassMutual Life Insurance Company
• New York Life Insurance Company
• Northwestern Mutual Life Insurance Company
• State Farm Life Insurance Company
• Teachers Insurance & Annuity Association (TIAA-CREF)
• Thrivent Financial Lutherans
• USAA Life Insurance Company

‘A+’ (Superior) Rated Life Insurance Companies 2023 

• Allianz Life Insurance Company
• Allstate Life Insurance Company
• American Heritage Life Insurance Company
• American United Life Insurance Company
• Amica Life Insurance Company
• Auto-Owners Life Insurance Company
• Banner Life Insurance Company
• Cincinnati Life Insurance Company
• Columbus Life Insurance Company
• Combined Insurance Company of America
• Companion Life Insurance Company
• COUNTRY Life Insurance Company
• Direct General Life Insurance Company
• First Berkshire Hathaway Life Insurance Company
• Freedom Life Insurance Company of America
• Great-West Life & Annuity
• Great-West Life & Annuity
• Hartford Life and Accident Insurance
• Integrity Life Insurance Company
• John Hancock Life Insurance Company USA
• Knights of Columbus
• Lafayette Life Insurance Company
• Life Insurance Company of the Southwest
• MetLife Insurance Company
• Midland National Life Insurance Company
• Minnesota Life Insurance Company
• MONY Life Insurance Company
• Mutual of America Life Insurance Company
• Mutual of Omaha Life Insurance Company
• National Benefit Life Insurance Company
• National Foundation Life Insurance
• National Life Insurance Company
• Nationwide Life Insurance Company (Nationwide Life & Annuity)
• North American Company for Life and Health
• Pacific Life Insurance Company (Pacific Life & Annuity)
• Primerica Life Insurance Company
• Principal National Life Insurance Company
• Protective Life Insurance Company (Protective Life & Annuity)
• Prudential Life Insurance Company (Pruco)
• Reliance Standard Life Insurance Company
• RiverSource Life Insurance Company
• Securian Life Insurance Company
• Sentry Life Insurance Company
• Southern Farm Bureau Life Insurance Company
• Standard Life and Accident Insurance
• State Life Insurance Company (OneAmerica)
• Sun Life & Health Insurance Company
• Tennessee Farmers Life Insurance Company
• Texas Life Insurance Company
• United of Omaha Life Insurance Company
• Vantis Life Insurance Company
• West Coast Life Insurance Company (Protective Life)
• Western and Southern Life Insurance Company
• William Penn Life Insurance Company
• Woodmen of the World

‘A’ (Excellent) Rated Life Insurance Companies 2023

• AAA Life Insurance Company
• Accordia Life & Annuity Company
• Alfa Life Insurance Corporation
• American Family Life Insurance Company
• American General Life Insurance Company (AIG)
• American Income Life Insurance Company (AIL)
• American National Insurance Company (ANICO)
• American-Amicable Life
• Americo Financial Life & Annuity
• Ameritas Life Insurance Corporation
• Auto Club Life Insurance Company
• Automobile Club of Southern CA Life
• Bankers Life & Casualty Company
• Boston Mutual Life Insurance Company
• Brighthouse Life Insurance Company
• CMFG Life Insurance Company (TruStage)
• Colonial Life & Accident Insurance Company
• Colonial Penn Life Insurance Company
• Dearborn Life Insurance Company
• Erie Family Life Insurance Company
• Family Heritage Life of America
• Farm Bureau Life Insurance Company
• Farm Bureau Life Insurance Company of MI
• Farmers New World Life Insurance Company
• Forethought Life Insurance Company
• Globe Life And Accident Insurance Company
• Great Southern Life Insurance Company
• Horace Mann Life Insurance Company
• Jackson National Life Insurance Company
• Liberty National Life Insurance Company
• Lincoln National Life Insurance Company (Lincoln Financial)
• Lumico Life Insurance Company
• MEMBERS Life Insurance Company
• Modern Woodmen of America
• Mutual Trust Life Insurance Company
• National Teachers Association Life Insurance
• National Western Life Insurance Company
• Ohio National Life Insurance Company
• Pacific Guardian Life Insurance Company
• Pan-American Life Insurance Company
• Patriot Life Insurance Company
• Paul Revere Life Insurance Company
• Physicians Mutual Insurance Company
• Reliable Life Insurance Company
• ReliaStar Life Insurance Company
• Royal Neighbors of America
• Savings Bank Life Insurance Company (SBLI)
• Shelter Life Insurance Company
• Standard Insurance Company
• Symetra Life Insurance Company
• Transamerica Life Insurance Company
• Union National Life Insurance Company
• United American Insurance Company
• United States Life Insurance in NY (AIG)
• Unum Insurance Company
• Unum Life Insurance Company of America
• USAble Life
• Washington National Insurance Company

‘A-‘ (Excellent) Rated Life Insure Companies 2023

• Assurity Life Insurance Company
• Catholic Life Insurance
• EMC National Life Company
• Fidelity and Guaranty Life Insurance (F&G)
• Fidelity Life Association
• Gleaner Life Ins Society
• American Memorial Life Insurance Company (TruStage)
• Shenandoah Life Insurance Company
• SBLI USA Life Insurance Company (NY)
• Prosperity Life Group
• Catholic Order of Foresters
• 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
• Encova Life Insurance Company
• Motorists Life Insurance Company
• Farm Bureau Life Ins Co of Missouri
• Trustmark Life Insurance Company
• United Home Life Insurance Company
• United Heritage Life Insurance Company
• 5 Star Life Insurance Company

Choosing The Right Life Insurance Company

The best rated life insurance companies 2023 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.