Why is Prudential #1 Rank Choice
Prudential was chosen as the best life insurance company overall based on the company history dating back to 1873, the broad selection of policies available, and excellent ratings for financial strength.
Pros & Cons
- Get an instant quote for term life insurance online
- Excellent ratings for financial strength
- Multiple riders can be added to your policy
- No online quote for permanent life insurance coverage
Prudential Financial dates back to 1873, which bodes well for its reliability. The Prudential Insurance Company of America also boasts an A+ rating with AM Best, as well as an AA- rating with Standard & Poor’s in terms of its financial strength.2
Prudential offers term life insurance coverage, universal life insurance, indexed universal life insurance, and variable universal life insurance, and you can add riders to your policy that include an accidental death benefit, a living needs benefit, and a children’s protection rider.
Prudential does let you apply for an instant online quote for term life insurance. To learn more about life insurance from Prudential, have a look at our full review.
We at Cheap Car & Life Insurance rank Prudential #1 for Life Insurance for it’s depth in coverage and overall price.
We chose State Farm as the best company for instant issue policies based on the fact that you can apply online and get term life coverage without a medical exam or any hoops to jump through. State Farm’s excellent ratings and long history also helped it gain a spot in our ranking.
- State Farm extends some term policies without a medical exam
- Free quotes for term life insurance coverage online
- Excellent ratings for financial strength and customer satisfaction
- No life insurance offered in Massachusetts
State Farm is another insurance company with a long and storied history. Founded in 1922 by a retired farmer, State Farm has grown from humble beginnings to offer a broad range of insurance products today. At the moment, State Farm comes in at number 39 on the Fortune 500 list of largest companies.4 This company also boasts an A++ rating for financial strength from AM Best, which is the highest rating possible.5
Also, note that State Farm secured the highest ranking in the J.D. Power 2021 U.S. Life Insurance Study, which compared the experiences of life insurance and annuity customers nationwide.6
When it comes to the life insurance products it offers, State Farm lets consumers purchase term life insurance coverage, whole life insurance, and universal life insurance. State Farm also makes it easy to enter your information and get a free quote online for term life.
State Farm extends instant answer term life insurance coverage you can apply for online, and these policies can be purchased with no medical exam. You do have to answer health questions in your application, however.
How much does life insurance with State Farm cost? Request a quote online or speak to an agent to find out.
Transamerica offers very affordable term life insurance coverage and has a long history of financial strength and reliability, which helps the company stand out as the best value in life insurance in our review.
- Premiums for term life insurance represent a significant value
- Strong ratings for financial strength
- Must speak with an agent to get a quote for some products
While Transamerica may not be a household name, this company has been around since 1904 and boasts solid ratings for financial strength, including an A rating with AM Best and an A+ rating with S&P Global.78 Transamerica scored well below average in the J.D. Power 2021 U.S. Life Insurance Study.6
Transamerica also offers a broad selection of life insurance coverage including term policies, whole life insurance, universal life insurance, index universal life insurance, and final expense life insurance.
Transamerica has you speak to an agent in order to get a quote for most of its life insurance products. However, you can get quotes for term life online. Its premiums for term coverage tend to be an excellent value. To learn more about Transamerica Life Insurance, check out our full review below.
Travel insurance protects against a multitude of losses beginning with flight tickets, auto accident insurance, lost baggage, yet perhaps the most important is life and health insurance while you’re out of country. Don’t be foolish to pay for insurance you don’t need. First check with your present insurance policy if travel insurance is covered and what is covered. If it isn’t covered, or not sufficiently so, don’t hesitate to ask to update your policy to the coverage you want. Often it’s an option you simple were not aware of.
When all else fails , we recommend you get insurance to cover your health at the very minimal. All other insurance loss can be endured but an unexpected health incident may cause untold losses.
Our choice in travel insurance lies with this company for it’s broad global reach and it’s package plans that really suit exactly the coverage you want to include or exclude from your travel insurance. The Travel Basic plan provides the essentials for your travels, while the Travel Select plan allows you to customize your coverage. The Flight Insurance options are also available for those who want flight-specific protection.