Largest Life Insurance Companies in California 2021

Top 30 Largest Life Insurance Companies in California 2021

Below is a list of the largest life insurance companies in California for 2021. Not surprisingly, most insurers on the list of the largest life insurance companies in California 2021 many people will recognize and are household names. The list is calculated by the life insurance market share for life insurance premiums annually.

Life Insurance CompanyA.M. Best Rating
PrudentialA+ Superior
TransamericaA Excellent
New York LifeA++ Superior
MassMutualA++ Superior
MetLifeA+ Superior
Lincoln Financial (Lincoln National)A+ Superior
John HancockA+ Superior
AIG (American General)A Excellent
NationwideA+ Superior
Principal Financial (Principal National)A+ Superior
Voya Financial A Excellent
Jackson NationalA+ Superior
AllianzA+ Superior
Pacific LifeA+ Superior
AXA EquitableA+ Superior
Northwestern MutualA++ Superior
Midland NationalA+ Superior
North AmericanA+ Superior
BrighthouseA Excellent
GuardianA++ Superior
SecurianA+ Superior
Minnesota LifeA+ Superior
OneAmericaA+ Superior
SymetraA+ Superior
FidelityA- Excellent
Great WesternA- Excellent
Ameriprise (Riversource)A+ Superior
State FarmA++ Superior
Mutual of OmahaA+ Superior
Protective LifeA+ Superior
Source: Data from CA DOI market share calendar year 2019

Life Insurance Company Ratings California 2021

A.M. Best is considered the most prominent life insurance rating agency in the world. A.M. Best is the gold standard used by most agents and consumers in determining the financial strength of an insurer and their ability to meet their long term commitments to payout future claims.

A great rule of thumb when it comes to ratings and life insurance is this: choose a life insurance company with an “excellent” or “superior” rating from A.M. Best. This means that the preeminent third party rating agency has deemed the life insurance company as very strong financially and as having an excellent or superior ability to payout future claims.

Life insurance company ratings California A.M. Best

How to get the best life insurance rates in California

  1. Compare rates

    With over 700 life insurance companies to choose from, the key to receiving the best rate is to compare rates from multiple life insurance companies. Each life insurance company has their own rate chart and underwriting guidelines based on: age, weight/height, cholesterol readings, blood pressure readings, health history, family history, driving history and many other factors. By comparing rates from multiple insurance companies you can have assurance that you are receiving the lowest rate from a highly rated life insurance company and are not unnecessarily overpaying for the same exact life insurance policy.

  2. Fast before the (paramed) medical exam

    If you choose to take the life insurance paramed/medial exam it’s important to fast for 8-10 hours prior. Nowadays, many agents will tell you that you don’t need to fast for the life insurance medical exam but it can still help if you do. When you fast, your weight and your readings are typically at their lowest. This can help you obtain the best health rate class you qualify for.

  3. Once approved, activate the policy

    The life insurance policy will not go inforce until after the first premium is received and you e-sign/sign the final forms (unless you provided that information upfront). Don’t delay, because if your health changes or you if you go on a new medication, etc. before you place the policy in-force it can affect your rate and insurability.

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