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Best life insurance companies (February 2024)

Legal & General America, MassMutual, and Brighthouse Financial top our list of the best companies for life insurance in February 2024.

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By

Katherine MurbachEditor & Licensed Life Insurance AgentKatherine Murbach is an editor and a former licensed life insurance agent at Policygenius. Previously, she wrote about life and disability insurance for 1752 Financial, and advised over 1,500 clients on their life insurance policies as a sales associate.&Tory CrowleyAssociate Editor & Licensed Life Insurance AgentTory Crowley is an associate editor and a former licensed insurance agent at Policygenius. Previously, she worked directly with clients at Policygenius, advising nearly 3,000 of them on life insurance options. She has also worked at the Daily News and various nonprofit organizations.

Edited by

Antonio Ruiz-CamachoAntonio Ruiz-CamachoAssociate Content DirectorAntonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.
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Reviewed by

Patrick Hanzel, CFP®Patrick Hanzel, CFP®Certified Financial Planner™ & Advanced Planning ManagerPatrick Hanzel, CFP®, is a certified financial planner and advanced planning manager at Policygenius. His expertise has been featured at Lifehacker, Consumer Affairs, Authority Magazine, Thrive Global, and Fatherly.

Updated|7 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

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How we choose the best life insurance companies

We use industry data, pricing from Policygenius carrier partners, and ratings from third parties like AM Best and J.D. Power to pick the best insurers on the market. Our independent recommendations will help you get life insurance coverage with confidence.Read more about our reviews methodology

The best life insurance company for you depends on a number of factors, including your age, gender, overall health profile, and financial needs. To help you find the best insurer for your particular situation, we selected the 10 top insurance companies on the market. 

Our top picks for the best life insurance companies of February 2024

Methodology

How we ranked the top insurers of 2024

Our recommendations are based on internal and external expert analysis, as well as our Policygenius Life Insurance Price Index, which uses real-time data from leading life insurance companies to determine pricing trends. When reviewing a life insurance company, our editorial team uses a proprietary scoring rubric with five factors — price, policy details, financial strength, transparency, and customer experience — to assign an unbiased rating between one and five stars. These ratings are also taken into consideration as part of our company recommendations. We don’t get paid for our reviews. 

Our evidence-based reviews and recommendations can help you find a reliable insurer for your family’s financial protection, but the best life insurance company for you depends on multiple factors. A licensed agent at Policygenius can support you during the application process to ensure you get the right life insurance coverage for your circumstances at the most affordable price. At Policygenius, our experts are licensed in all 50 states and can walk you through the entire life insurance buying process while offering transparent, unbiased advice.

Read more about our reviews methodology

Company

Best for

Policygenius rating

Brighthouse Financial

No-medical-exam, young adults

5.0/5 ★

Legal & General America

Cheapest, term life, smokers

4.9/5 ★

MassMutual

Whole life

4.9/5 ★

Lincoln Financial

Pre-existing conditions

4.8/5 ★

Pacific Life

20-year term life

4.8/5 ★

Corebridge Financial

Families

4.6/5 ★

Mutual of Omaha

Final expense

4.5/5 ★

Foresters Financial

Living expenses

4.3/5 ★

Transamerica

Visa & green card holders

4.3/5 ★

Prudential

Seniors

4.1/5 ★

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Legal & General America, which also does business as Banner Life and William Penn, offers some of the cheapest life insurance rates on the market regardless of your health profile. The company also provides some of the longest term life insurance terms on the market — up to 35 and 40 years.

Legal & General America also offers the cheapest rates to smokers, who usually have to pay two to three times more for life insurance than people who don’t use tobacco products. Plus, you’ll be able to apply for lower premiums after one year if you quit smoking, whereas other insurers won’t offer non-smoker rates for two years or more after you quit.

Best for whole life insurance: MassMutual

award icon

2024 Policygenius award winner

MassMutual

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.9

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

All 50 states

Why we chose itchevron icon

MassMutual’s whole life insurance plan provides a lifetime coverage option that builds cash value with the potential to earn dividends.

Pros and conschevron icon

Pros

  • Strong financial stability ratings

  • Higher potential for dividends for whole life policyholders than many competitors

  • Good customer satisfaction ratings

Cons

  • High term life premiums

  • Term life not available through Policygenius

MassMutual is the our top pick for whole life insurance. The company pays higher dividends to its whole life policyholders than many competitors. It offers several additional permanent life insurance products as well, including universal and variable universal life insurance policies. Whole life insurance is a type of permanent coverage that lasts your entire life and has a cash value component in addition to the traditional death benefit that can be used for savings and investment — but it’s considerably more expensive than term life.

MassMutual has high customer experience ratings compared to other companies and consistently receives high third-party financial stability ratings, which is especially important when purchasing a lifelong policy.

Best for no-exam life insurance: Brighthouse Financial

award icon

2024 Policygenius award winner

Brighthouse Financial

Brighthouse Financial logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starFull orange star

5.0

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

No-medical-exam option

Why we chose itchevron icon

Brighthouse Financial offers competitive rates, comprehensive coverage, and application decisions in as little as 24 hours, making it a great choice for people who want to get life insurance coverage without having to take the medical exam.

Pros and conschevron icon

Pros

  • Extremely affordable

  • Instant-decision applications

  • Best-in-class no-exam option

Cons

  • Traditional term life not available in CA, IL, LA, ME, or NY

  • Term life applicants limited to ages 25-50

Our top pick for no-exam life insurance is Brighthouse Financial. No-exam life insurance policies let you skip the standard life insurance health test and use past health records instead to set your rates. Brighthouse Financial’s SimplySelect Term is a Policygenius-exclusive product that has been selected by Forbes as one of the best no-medical-exam options on the market. [1] Instead of taking the in-person exam, you’ll simply complete a health interview over the phone, and your policy can go into effect in as little as a few days.

Brighthouse is also a great option or young adults. People in their 20s, 30s, and 40s can benefit from the company’s quick approvals, no-exam options, and affordable premiums.

Best for 20-year term life insurance: Pacific Life

award icon

2024 Policygenius award winner

Pacific Life

Pacific Life logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

All 50 states

No-medical-exam option

Why we chose itchevron icon

Pacific Life offers some of the lowest rates for term life insurance across age brackets. It also has the most competitive rates for many health conditions and builds.

Pros and conschevron icon

Pros

  • Extremely affordable across age brackets

  • Affordable guaranteed universal life insurance option for people who need lifetime coverage

  • Favorable underwriting for many health conditions

Cons

  • Traditional term life not available in NY

  • There are better carriers for active duty military, people who have a history of alcohol abuse, and people who have been through bankruptcy

Parents of young children, people with long-term insurance needs, homeowners paying off a mortgage, or adults planning their retirement can all benefit from a 20-year term life insurance policy — one of the most popular coverage options on the market. Pacific Life is our top pick for a 20-year term due to its flexible application guidelines for people with certain pre-existing conditions like sleep apnea, and for affordable rates for older adults.

Best for families: Corebridge Financial

award icon

2024 Policygenius award winner

Corebridge Financial

Corebridge Financial logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.6

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

30+ year terms

All 50 states

Why we chose itchevron icon

With competitive pricing and a range of flexible term periods for its Select-a-Term product, Corebridge is a solid option for many life insurance shoppers. Note: We are currently using AIG’s financial strength ratings until Corebridge has its own rating..

Pros and conschevron icon

Pros

  • Competitive pricing for all ages

  • Favorable underwriting for people with heart conditions and diabetes

  • Good for current and recently pregnant people, including people with gestational diabetes

Cons

  • Not the best for people with mental health conditions, including anxiety and depression

  • No no-medical-exam term option

Corebridge Financial (formerly AIG Life & Retirement) offers a customizable child rider, which is an optional add-on that pays a small death benefit if any of your children die while your policy is active. You can add anywhere between $500 and $25,000 of coverage in addition to your policy to cover any children. The company also accepts applications at any stage of pregnancy as long as there are no complications, while other companies might postpone applications during the second or third trimester until after delivery.

Read more about family life insurance

Best for seniors: Prudential

award icon

2024 Policygenius award winner

Prudential

Prudential logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starEmpty gray star

4.1

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

No-medical-exam option

Why we chose itchevron icon

With nearly four million policyholders and 150 years to its name, Prudential offers competitive coverage options for seniors, as well as people with some of the most common medical conditions, including asthma, depression, and fibromyalgia.

Pros and conschevron icon

Pros

  • Good for people over 60

  • More flexible income requirements than some other insurers

  • Considers applicants with a variety of immigration statuses (visas and green cards)

Cons

  • Younger applicants will likely find better prices elsewhere

The older you are, the higher your life insurance premiums are likely to be. But some insurers, like Prudential, offer cheaper rates than others to people age 60 and above than others. The company offers the most flexibility for people with health conditions associated with older age, like osteoporosis. It also offers more flexible income requirements than other insurers, making it easier for retirees to get the amount of coverage they need.

Best for people with pre-existing conditions: Lincoln Financial

award icon

2024 Policygenius award winner

Lincoln Financial

Lincoln Financial logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

No-medical-exam option

Why we chose itchevron icon

Lincoln Financial offers a diverse array of life insurance policies, including competitive no-med and high-net-worth options.

Pros and conschevron icon

Pros

  • Affordable rates

  • Good for many existing health conditions, including depression, stroke, and heart conditions

  • Good for marijuana users, including daily users

Cons

  • Term life not available in New York

Having a pre-existing medical condition likely won’t disqualify you from getting life insurance. Further, some companies might offer you better coverage than others depending on your specific condition. Lincoln Financial offers better rates than other insurers to people with pre-existing conditions. Across the board, Lincoln Financial’s rates are consistently lower than the industry standard for people in their 40s and 50s — ages where pre-existing conditions are more common.

Best for visa & green card holders: Transamerica

Transamerica

Transamerica logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.6

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

No-medical-exam option

Why we chose itchevron icon

Transamerica is one of the oldest and largest life insurance companies, with over 12 million active accounts today. It offers affordable rates for almost every age, and you can even skip the medical exam if you fall under a certain age or coverage amount.

Pros and conschevron icon

Pros

  • Competitive rates for term life insurance

  • No-medical-exam available for qualifying applicants, including smokers and people between 60 and 70, which is rare

  • One of the fastest turnaround times in the industry for traditionally underwritten term policies

Cons

  • Term life not available in New York

  • Not a good option for people with a history of cancer, alcohol abuse, or asthma

Visa and green card holders in the United States are eligible for life insurance, but some insurers might be a better fit for them depending on their status and personal situation. Transamerica offers coverage for non-US citizens with a variety of different types of visas, as well as green card and conditional green card holders. Transamerica is also one of the only companies that doesn’t require a Social Security number to apply for coverage — although it does require a visa and any visa-related forms depending on your specific status.

Best for final expense insurance: Mutual of Omaha

Mutual of Omaha

Mutual of Omaha logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

No-medical-exam option

Why we chose itchevron icon

Mutual of Omaha is a reputable company that offers a variety of life insurance products — including a no-medical-exam option — so that you can select the type of life insurance that best suits your needs.

Pros and conschevron icon

Pros

  • No-medical-exam options for older applicants

  • Strong financial and customer ratings

Cons

  • Policies are more expensive than average

  • Slow turnaround time

Final expense insurance, also known as burial insurance, is a type of policy that doesnt expire and is designed to provide a small coverage amount to cover end-of-life costs, like a funeral or medical bills. Our top pick for final expense coverage is Mutual of Omaha due to its variety of burial insurance options, including simplified issue and guaranteed issue life insurance.

Best for living benefits: Foresters Financial

Foresters Financial

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.3

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

No-medical-exam option

Why we chose itchevron icon

For people under age 55 and in relatively decent health, Foresters Financial's Your Term policy is a solid choice for a term life policy. You can get it without a medical exam and coverage can be offered within 24 hours.

Pros and conschevron icon

Pros

  • Accelerated death benefit rider includes coverage for critical, chronic, and terminal illnesses

  • Includes several no-cost riders that aren’t available through other insurers, including Family Health Benefit Rider and Charity Benefit Provision

  • No-medical-exam option available for people up to age 55

Cons

  • Not available in New York or Maine

  • People with complicated health histories will likely find their best rates elsewhere

Foresters stands out due to the different riders it offers — policy add-ons that can supplement your coverage benefits under specific circumstances. The company is our top pick due to its living benefits rider, which pays out if you’re diagnosed with a critical, chronic, or terminal illness. By comparison, most living benefit riders from other insurers only cover terminal illnesses.

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Best term life insurance companies of 2024

Term life insurance is one of the most popular types of policies because it’s affordable, lasts only as long as you need it — usually between 10 and 30 years — and comes with few tax restrictions and limitations. If you want to protect your family from financial hardship if you die unexpectedly, term life is your best option.

Company

Policygenius rating

Best for

AM Best rating

Brighthouse Financial

5/5 ★

Same-day coverage, no-medical-exam, young adults

A

Legal & General America

4.9/5 ★

Overall

A+

Pacific Life

4.8/5 ★

Customer satisfaction, people with pre-existing conditions

A+

Protective

4.8/5 ★

Affordability

A+

Corebridge Financial

4.6/5 ★

Families

A

Transamerica

4.6/5 ★

Military personnel

A

Prudential

4.1/5 ★

Seniors

A+

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Read more about the best term life insurance companies of 2024

Best whole life insurance companies of 2024

Whole life insurance is a type of permanent life insurance that doesn’t expire. It has a guaranteed death benefit and a cash value component that grows at a low interest rate set by your insurer. Whole life can be a good fit for high-net-worth individuals exploring additional investment or estate planning options, and people who have dependents who require lifelong care, like aging relatives or a child with a disability.

Company

Policygenius rating

Best for

Types of policies

MassMutual 

4.9/5 ★

Whole life, dividend options

Whole life, universal

Corebridge Financial

4.6/5 ★

Guaranteed issue whole life

Guaranteed issue whole life, universal

Transamerica

4.6/5 ★

Simplified issue, final expenses

Whole life, simplified issue, final expense

Mutual of Omaha

4.5/5 ★

Seniors, guaranteed issue whole life, simplified issue

Simplified issue, guaranteed issue whole life, universal 

Read more about the best whole life insurance companies of 2024

Best no-medical-exam life insurance companies of 2024

No-exam life insurance usually refers to policies that don’t require you to take a medical exam for approval. Typically, they require a health interview instead, which is completed online or over the phone. The insurer takes a look at past health records in order to determine your rates. No-exam policies are affordable and can help you get coverage quickly.

Company

Policygenius rating

Average time for no-exam approval

Maximum coverage amount

Brighthouse Financial

5.0/5 ★

1 day

$3 million

Legal & General America

4.9/5 ★

Up to 3 weeks

$2 million

Pacific Life

4.8/5 ★

Up to 4 weeks

$3 million

Transamerica

4.6/5 ★

Up to 4 weeks

$2 million

Mutual of Omaha

4.5/5 ★

Up to 2 weeks

$40,000 for simplified, $25,000 for guaranteed

Read more about the best no-medical-exam life insurance companies of 2024

How to choose the best life insurance company for you

The best insurer for you might not be the best insurer for someone else. Your age, health, and ultimate needs for coverage are some factors to consider when shopping for life insurance to make sure your policy is the best fit for you.

“Selecting the best policy is like any other important purchase you make, you want to make sure that the life insurance company you select is the best option for your specific situation and needs,” says Christopher Galvez, licensed sales associate at Policygenius. “And that is exactly what we do for the families we serve on every single policy. We look at 10 to 12 different insurers and their different guidelines to advise where you will find the best fit. Finding the best policy and value has not been easier.”

  1. Consider any health conditions Not all life insurance companies treat all health conditions the same way when it comes to setting rates. It’s important to consider your unique health profile when shopping for a policy because you could end up paying much cheaper premiums with one insurance company than another.

  2. Consider your age Age is one of the biggest factors that influence your life insurance rates. Age can also impact what types of life insurance options are available to you because we all become riskier to insure as we get older. For example, no-medical-exam options for seniors can be limited because insurance companies want to minimize risk.

  3. Explore policy options & riders Riders are policy add-ons that offer supplemental coverage under special circumstances — for example, if you’re diagnosed with a critical illness or if you want to extend coverage to a family member, like a child or your spouse. But not all riders are cost-efficient, so working with a non-commissioned agent or independent broker can be helpful if you’re considering which riders might be useful for you, if any. It’s also important to know that not every type of policy (and not every insurer) is available in every state. So while where you live won’t affect the rates you pay, it can affect your life insurance options.

  4. Consider the company’s financial strength Arguably the most important piece of choosing your life insurance company is knowing that they’ll be around and able to pay the death benefit to your beneficiary if you should pass away. Applying with a company that has strong financial ratings will help ensure this. That doesn’t necessarily mean choosing the biggest life insurance company, though larger insurers tend to have bigger cash reserves.

  5. Consider customer satisfaction Over the lifetime of your policy, you might need to change payment frequency, a beneficiary, or a number of other details on your paperwork. It’s important to have resources for customer service to make sure you’re up-to-date with your policy. A company with strong customer satisfaction ratings can benefit you in this way. This is another reason why working with an independent broker like Policygenius can help you get access to support for the entire duration of your policy — not just when you apply.

How much does life insurance cost?

Life insurance costs on average $30 per month ($360 per year) for a 20-year, $500,000 term life insurance policy for a 30-year–old male with few health conditions, and $23 per month ($276 per year) for a 30-year-old female with a similar profile.

Whole life insurance is significantly more expensive than term. A 30-year-old male with the same profile can expect to pay $487 per month ($5,844 per year) for a whole life policy with a $500,000 payout. A 30-year-female with a similar profile can expect to pay $414.50 per month ($4,974 per year) for the same whole life policy.

The cost of life insurance depends on your life expectancy — as well as the type of life insurance and coverage amount you want to buy. Insurers take your age, gender, health, hobbies, and medical history into account to determine your insurance risk — and, in turn, set your premiums.

In general, the younger and healthier you are, the lower your life insurance rates will be.

Average term life insurance rates

Age

Gender

$250,000 coverage amount

$500,000 coverage amount

$1 million coverage amount

20

Female

$15.01

$22.65

$33.63

Male

$19.18

$30.20

$47.51

30

Female

$15.17

$22.99

$36.89

Male

$18.19

$29.32

$48.88

40

Female

$21.66

$35.27

$60.64

Male

$25.38

$42.95

$75.24

50

Female

$43.92

$78.29

$139.47

Male

$56.69

$102.49

$188.26

60

Female

$107.84

$194.16

$354.62

Male

$149.38

$268.09

$500.15

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Methodology: Average monthly rates are calculated for male and female non-smokers in a Preferred health classification obtaining a 20-year $250,000, $500,000, or $1,000,000 term life insurance policy. Life insurance averages are based on a composite of policies offered by Policygenius from Brighthouse Financial, Corebridge Financial, Foresters Financial, Legal & General America, Lincoln Financial, Mutual of Omaha, Pacific Life, Protective, Prudential, Symetra, and Transamerica, and the Policygenius Life Insurance Price Index, which uses real-time data from leading life insurance companies to determine pricing trends. Rates may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 02/01/2024.

Learn more about term life insurance rates

Average whole life insurance rates

Age

Gender

$250,000 coverage amount

$500,000 coverage amount

$1 million coverage amount

20

Female

$147.50

$290.00

$558.50

Male

$175.50

$347.00

$670.50

30

Female

$209.50

$414.50

$814.00

Male

$245.50

$487.00

$954.50

40

Female

$305.00

$605.50

$1,195.00

Male

$371.00

$737.00

$1,422.00

50

Female

$480.50

$957.00

$1,899.00

Male

$569.50

$1,134.5

$2,222.00

60

Female

$800.50

$1,597.00

$3,179.50

Male

$957.00

$1,909.50

$3,769.00

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Methodology: Approximate monthly rates are calculated for non-smokers in a Preferred health classification, obtaining a $1 million whole life insurance policy paid up at age 100 through MassMutual. Individual rates may vary by insurer, coverage amount, health class, and state. Not all policies available in all states. Rate illustration valid as of 02/01/2024.

Learn more about whole life insurance rates

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Frequently asked questions

Who is the number one life insurance company in the US?

The biggest life insurance company in the United States by market share is Northwestern Mutual, followed by New York Life, MetLife, and Prudential. But our overall pick for the best life insurance in the U.S. is Legal & General America.

What is the best choice for life insurance?

In terms of policy types, term life insurance is likely the best choice if your primary goal is to provide a financial safety net for your family in case they had to live without your income. In terms of insurance companies, it depends on your circumstances, but our highest-rated life insurance companies are Legal & General America and Brighthouse Financial.

Which life insurance company has the highest customer satisfaction?

The highest-rated life insurance companies on our customer experience scale include Legal & General America, Brighthouse Financial, Corebridge Financial, and MassMutual.

References

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Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of oureditorial standards.

  1. Forbes

    . "

    Best No-Exam Life Insurance

    ." Accessed February 16, 2024.

Authors

Katherine Murbach is an editor and a former licensed life insurance agent at Policygenius. Previously, she wrote about life and disability insurance for 1752 Financial, and advised over 1,500 clients on their life insurance policies as a sales associate.

Tory Crowley is an associate editor and a former licensed insurance agent at Policygenius. Previously, she worked directly with clients at Policygenius, advising nearly 3,000 of them on life insurance options. She has also worked at the Daily News and various nonprofit organizations.

Editor

Antonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.

Expert reviewer

Patrick Hanzel, CFP®, is a certified financial planner and advanced planning manager at Policygenius. His expertise has been featured at Lifehacker, Consumer Affairs, Authority Magazine, Thrive Global, and Fatherly.

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