The Best Life Insurance Companies of 2019

Posted in Insurance Companies
Last updated November 7, 2019
Best Overall
Mutual of Omaha - Best life insurance company overall
  • Best Products
  • Best Customer Service
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Best Price
Banner - Most affordable life insurance company
  • Most Affordable Products
  • Excellent Financial Strength
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We work with more than 60 insurance companies and sell thousands of policies a year. So, we notice when a given company is offering lower rates, better products, or faster approvals. We also know which companies consistently offer the best rates for people with specific needs, and which ones provide the best customer service.

Top 10 life insurance companies of 2019

The companies that we think are the very best are contained in our top 10 companies list. The company that is the right fit you depends on your situation and the current statuses of the individual company. The company that will offer you the best policy is most likely to be on our top 10 list.

This list is based on our extensive rating table where we rate companies based on various factors, such as financial strength, price, speed, customer service and more.

  1. Mutual of Omaha
  2. Foresters Financial
  3. Protective Life
  4. Sagicor
  5. Assurity
  6. Lincoln Financial
  7. American National
  8. TransAmerica
  9. AIG American General
  10. Fidelity Life

Mutual of Omaha: Best Overall

True Blue’s advice:

Our most recommended life insurance company, regardless in what stage of life you are.

About Mutual of Omaha

Founded in 1909, Mutual of Omaha is a mutual insurance company (owned by it’s policyholders) that offers insurance, banking, investments, and retirement products to individuals and organizations.

Mutual of Omaha has a strong financial history, and ranks #1 among our top 40 life insurance companies scoring table.

What Mutual of Omaha offers

Mutual of Omaha offers products in both term and whole life insurance.
Their standard term life insurance is well priced, and they offer an instant approval no medical exam policy that includes living benefits rider for free.
Their final expense product is best-in-class and they provide a great children’s whole life policy as well.
While their policies are typically more expensive than that of competitors, they often include riders for free, while other companies may charge an additional fee, or don’t offer them at all.

True Blue Comments

Mutual of Omaha has competitive products in every category. Their standard term product is well priced, and they also offer an instant approval no medical exam policy that includes free-living benefits. They also have a popular final expense product. Their accidental death policy offers the up to $500,000 in coverage. And, they have a children’s policy.

Learn More About Mutual of Omaha’s Products

Term Life Express

Product Features

Term Life Express is a no exam product that provides living benefits at no cost. The product is offered at the standard/regular health class. Policies are issued either immediately or within 10 days.

  • Issue ages: 18-65 years
  • Face amounts: $25,000 to $300,000, ages 18-50; $25,000 to $250,000, ages 51-65
  • No medical exam life insurance. Medical records may be requested from doctors
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, and 30 years
  • Automatically included riders: Terminal Illness, Chronic Illness, and Critical Illness, Residential Damage, Waiver of Premium for Unemployment, Common Carrier Death Benefit Provision
  • Application can be completed in 20-25 minutes by phone
  • A policy with a 5-year premium guarantee is available, but we do not sell it. We only sell the policies that are guaranteed level for the full term
  • Policies typically take 1-10 days to issue

Term Life Express Brochure

Term Life Express ROP

Product Features

  • Issue Ages: 18-50
  • Face Amount: $25,000 – $300,000 (Ages 18-50), $25,000 – $250,000 (Ages 51-60), $25,000 – $150,000 (Ages 61-70)
  • Term Periods: 20-30 year
  • Automatically included riders: Accelerated Death Benefit Riders*, Residential Damage Waiver of Premium Rider* ,Waiver of Premium for Unemployment Provision*, Common Carrier Death Benefit Provision*, Accidental Death Benefit Rider, Dependent Children’s Rider, Disability Income Rider**, Disability Waiver of Premium Rider

Term Life Express ROP Brochure

Term Life Answers

Product Features

  • Issue ages: 18-65 years
  • Face amounts: $100,000 to $1,000,000 and above
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, and 30 years
  • Automatically included riders: Accelerated Death Benefit for Terminal Illness Rider and Waiver of Premium for Unemployment Rider, 
  • Optional riders: Accidental Death Benefit rider, Dependent Children’s rider,  Other Insured rider and Disability Waiver of Premium rider

Term Life Answers Brochure

Living Promise

Product Features

  • Death Benefit: 100%
  • Issue Ages: 45-85
  • Face Amounts: $2,000 – $40,000
  • Underwriting Classes: Standard Tobacco/Nontobacco
  • Underwriting Requirements: MIB, pharmaceutical check, random phone interviews
  • Accelerated Death Benefit for Terminal Illness Rider in CA (D482LCA14R): Allows the owner a one-time election to receive the Accelerated Benefit if the insured is diagnosed as having a terminal illness that, with a reasonable degree of certainty, will result in the insured’s death within 12 months or less from the date a physician signs the statement of proof of terminal illness.

Living Promise Brochure

Living Promise Graded

Product Features

  • Issue Ages: 45-80
  • Face Amounts: $2,000 − $20,000
  • Death Benefit: This policy contains a graded benefit meaning that for death due to natural causes (any cause other than accidental) during the first two years, the beneficiary will receive all premiums paid plus 10 percent. After the two years, the full benefit is paid for death due to all causes. Full death benefits will be paid, in all years, if death results from an accidental bodily injury.
  • Underwriting Class: Standard (no tobacco distinction)
  • Underwriting Requirements: MIB, pharmaceutical check, random phone interviews
  • Simplified underwriting. No medical exam – coverage is based on your answers to a few simple health questions.
  • ***Not available in AR, MT, NC.

Living Promise Graded

Guaranteed ADvantage

Product Features

  • Issue Ages: 18-70 Accidental
  • $50,000 – $500,000 (increments of $1,000)
  • Spouse coverage is 100 percent of the Proposed Insured coverage and child coverage is 20 percent of the Proposed Insured coverage
  • 24-hour all accident coverage
  • Common Carrier Benefit: pays two times the accidental death benefit
  • Auto Pedestrian Benefit: pays an additional 25 percent of the accidental death benefit Family Coverage: — Spouse is eligible if age 18-70 and may remain on the policy until age 80 — Unmarried dependent children under the age of 19, or age 23, if a full-time student at an accredited college or university State specials will apply • Dependent child coverage ends at age 21 or 25 if a full-time student

Guaranteed ADvantage Brochure

Children’s Whole Life

Product Features

  • Simplified application
  • NO medical underwriting and limited health questions
  • Available for ages 14 to 17 years
  • Available in face amounts of $5,000 to $50,000
  • Level premiums for the life of the policy (policy matures at age 100)
  • Rates never increase with age
  • Builds cash value
  • Benefits never decrease
  • Easy payment options
  • Guaranteed Insurability Rider – additional policies may be purchased in the future, at the time of several life events, without evidence of insurability

Childrens Whole Life Brochure

Critical Illness Insurance

Product Features

  • Issue ages: 18-89
  • Benefit amount: $10,000 – $100,000
  • Basic benefits: Lump-Sum Payment Upon Diagnosis
  • Additional Feature: Return of Premium if you die while coverage is active
  • Sample Rates: $25,000 – $61/month $50,000 – $123/month

Covered Health Conditions:

  • Internal Cancer
  • Malignant Melanoma
  • Heart Attack
  • Stroke
  • Alzheimer’s
  • Major Organ Transplant
  • Blindness
  • Paralysis
  • Deafness
  • Kidney Failure
  • CABG Surgery
  • PTCA Surgery

Critical Illness Brochure

Mutual of Omaha pros and cons

Pros
Financial history
Customer support
100+ years of experience
Products that often include free riders
Express issue no exam plans for policies under 350k
Has a lenient build chart for those that are overweight.
Cons
Pricing
Time to approval
The express issue no med plan has one health class

Foresters: Best Approval Time

True Blue’s advice:

Foresters has an simplified application process, typically providing you with approval or denial within 15 minutes.

About Foresters

Foresters is a leading international life insurance financial services provider with a unique history that spans more than 140 years. The organization was founded in 1874 and, aimed to provide life insurance for average, working families. Now in its third century, Foresters continues to champion the well-being of families through quality life insurance and investment products, unique member benefits and inspiring community activities.

Foresters continues to maintain its strong financial position with total assets of almost $12 billion CDN, total funds under management of $28 billion CDN and a surplus of $1.9 billion CDN.

What Foresters offers

If you are looking for a company with a wide range of life insurance products, with a strong financial standing, Foresters is an excellent choice.

Aside from life insurance, their customers receive additional benefits including free or discounted legal services in your areas, grants and scholarships, as well as terminal illness loans.

Forester’s experience spans over 3 centuries, as a result they have a streamlined application process possible, most individuals receive an approval or denial within 15 minutes.

Learn More About Forester’s Products

Your Term

Product Features

  • Issue ages: 18-80 years
  • Face amounts: $100,000 to $400,000, ages 18-55; $100,00 to $150,000, ages 56-80
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, 25, and 30 years
  • Automatically included riders: Accelerated Death Benefit Rider, Family Health Benefit Rider and Common Carrier Accidental Death Rider
  • Optional Riders: Accidental Death Rider, Waiver Of Premium Rider, Disability Income Rider (Accident Only) and Children’s Term Rider
  • Death benefit is guaranteed
  • Premiums for base coverage and most riders are guaranteed for the length of the initial term

Your Term Life Brochure

Your Term Non-Medical

Product Features

  • Issue Ages: 18-80
  • Face Amount: $50,000 – $400,000 (Ages 18-55), $50,000 – $150,000 (Ages 56-80)
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, 25, and 30 years
  • Automatically included riders: Accelerated Death Benefit Rider, Family Health Benefit Rider and Common Carrier Accidental Death Rider
  • Optional Riders: Accidental Death Rider, Waiver Of Premium Rider, Disability Income Rider (Accident Only) and Children’s Term Rider
  • Death benefit is guaranteed
  • Premiums for base coverage and most riders are guaranteed for the length of the initial term
  • Application takes about 20 minutes over the phone
  • They don’t run background or credit checks
  • They have multiple health classes, so rates are great for those in excellent to below-average health

Your Term Non-Medical Life Brochure

PlanRight Level

Foresters PlanRight offers three types of coverage – one that can immediately provide a full death benefit and two that provide a limited death benefit in the first two years. Your answers to questions on the application help guide which plan is available to you.

Product Features

  • Issue ages: 50-85 years
  • Face amounts: $35,000 ages 50-80, and $15,000 ages 81-85
  • Whole life to age 121
  • Automatically included rider: Common Carrier Accidental Death Rider
  • Optional riders: Accidental Death Benefit rider

PlanRight Level

Advantage Plus 20 Pay

Foresters Advantage Plus II (Advantage Plus) is a participating whole life insurance product that offers a guaranteed death benefit amount, guaranteed cash value, and the potential for dividends.

Product Features

  • Death Benefit: 100%
  • Issue Ages: 0-75
  • Face Amounts: $25,000 to $150,000 (ages 0-15) $25,000 to $400,000 (ages 16-55) $25,000 to $150,000 (ages 56-75)
  • Underwriting Classes: Standard Tobacco/Nontobacco
  • Premium Period: 20-Pay or Level Pay to Age 100 Note: the 20-Pay option is not available for issue ages 76-85. Due to the limited pay period, the rates per thousand for the 20-pay option are higher. This applies to both the base coverage and certain riders if added to the 20-pay option
  • Automatically included riders: Accelerated Death Benefit Rider, Family Health Benefit Rider and Common Carrier Accidental Death Rider
  • Optional Riders: Accidental Death Rider, Waiver Of Premium Rider, Children’s Term Rider, Guaranteed Insurability Rider, 10-Year Term Rider, 20-Year Term Rider, Single Payment Paid-up Additions Rider, and Flexible Payment Paid-up Additions Rider

Advantage Plus 20 Pay Brochure

Foresters pros and cons

Pros
Experience that spans over 3 centuries
Focuses on insurance for the average working family, and includes many benefits for free
Access to exclusive member benefits when you become a customer
No exam term insurance available for policies under 400k
No financial or credit history checks. Great for those with poor credit
Cons
Price
Fewer health classes available
For those in excellent health, there are lower cost options

Protective: Best Products & Features

True Blue’s advice:

Protective offers a hybrid product that offers term life insurance, with the option to extend the term once it ends.

About Protective

Protective Life Insurance Company was established on a profound belief in the American dream: Provide quality products with excellent service and success will follow.

Since 1907, Protective Life Insurance Company has remained true to its core beliefs: Quality, Serving people, and Growth. This unwavering commitment to doing the right thing for the people we serve has been rewarded with stable, long-term relationships and continuous growth.

Today, Protective Life is one of the nation’s leading insurance companies, proving the wisdom of our Company’s vision: Doing the right thing is smart business.®

What Protective offers

Protective offers a unique term/universal life product. The policy gives you the option to extend it past the original term.

Applications are taken during a 30-minute phone call with a Protective representative. With an average approval time of 2-3 weeks, Protective is quicker than most companies that require an exam.

True Blue Comments

Protective offers a term product that’s a hybrid of a term and universal life policy. The policy gives you the option to extend it past the original term. Applications are taken during a 30-minute phone call with a Protective representative.

Custom Choice UL - Term

Flexible premium universal life insurance for clients desiring affordable coverage without cash value accumulation. Offers flexible death benefit periods ranging from 10 to 30 years. After the initial level benefit period, the death benefit decreases each year while the premium remains level. When the death benefit reaches $10,000, the premiums will increase each year.

SHORT-TERM NEEDS WITH LONG-TERM OPTIONS

After the initial level benefit period ends, the guaranteed death benefit will begin to decrease while the premium payment amount remains level. The death benefit amount will decrease each year until it reaches the minimum of $10,000. At that point, premiums will increase each year.

You have the option to exchange the policy for a permanent universal life insurance option from Protective Life anytime in the first 20 policy years up to age 70, without going through more medical exams. Internal replacement is not available in the first policy year.

Product Features

  • Issue ages: 18-75 years
  • Face amounts: $100,000 to $1,000,000
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, 25, and 30 years
  • Optional Riders: Accidental Death Rider, Children’s Term Rider, Disability Benefit Rider, Income Provider Option, Terminal Illness Accelerated Death Benefit
  • Death benefit is guaranteed

Custom Choice UL – Term Brochure

Protective pros and cons

Pros
Provides a unique product that allows you to extend a term policy past the original term
Has a strong company foundation, both moral and financial
Cons
Most of Protective’s products require a medical exam

Sagicor: Best Application process & speed

True Blue’s advice:

Sagicor excels at no medical exam life insurance, both in product offering, price and speed.

About Sagicor

Sagicor Life Insurance Company (Sagicor) is a full-service life insurance company that is licensed in 45 states, plus the District of Columbia. Sagicor has a history of trustworthiness since 1954, is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings).

Sagicor has joined the Sagicor Financial Corporation (SFC) family in 2005. SFC is one of the oldest insurance groups in the Americas — founded in 1840 — and it operates in 22 countries. Sagicor Financial has approximately $7 billion in assets and has been a leader in its communities for over 175 years.

Application Process

Their application process is extremely streamlined and fast, all of this combined makes Sagicor one of the most popular choices for no medical exam life insurance. Application are taken over the phone and signed digitally.

SAGE Term

Product Features

  • Issue ages: 18-65 years
  • Face amounts: $50,000 to $1,000,000 (ages: 18-45), $50,000 to $750,000 (ages: 46-55), $50,000 to $500,000 (ages: 56-65)
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, and 20 years
  • Additional Rider: Accelerated Benefit Insurance Rider for Terminal Condition or Nursing Home Confinement
  • Optional Riders: Accidental Death Rider, Children’s Term Rider, Waiver of Premium Rider
  • Death benefit is guaranteed

Sage Term Brochure

Sage Universal Life - No Medical

Sagicor’s UL  is a flexible premium universal life insurance policy designed to create an accumulation value over the lifetime of the policy. The product is guaranteed up to the age of 121.

Provides you and your family with benefits such as:

  • income and living expense protection
  • Mortgage payment protection
  • Guaranteed 3% minimum interest rate
  • Increasing death benefit option
  • Potential to create wealth and plan for estate concerns
  • Flexible premiums and coverage
  • Available from age 15 days – 85 years with a minimum face amount of $50,000

Sage Universal Life – No Medical Brochure

Sage Universal Life

Product Features

  • 10, 15, and 20 year term life insurance.
  • Issue Ages 15 days to 85 years
  • Amount $50,000 to $1,000,000
  • Guaranteed Level Premiums
  • Competitively priced, flexible-premium
  • Guaranteed Annual Interest Rate
  • Sagicor’s Accelewriting® Process Available
  • Preferred Non-Tobacco, Standard Non-Tobacco, Preferred Tobacco, Standard Tobacco and Substandard health classes
  • Built-in Lapse Protection*

Sage Universal Life Brochure

Simplified Issue (No Medical Exam)

Product Features

  • 10, 15, and 20 year term life insurance.
  • Issue Ages 18 to 65
  • Amount $50,000 to $1,000,000.00
  • Guaranteed Level Premiums for the Term
  • Preferred Non-Tobacco, Standard Non-Tobacco, Preferred Tobacco, Standard Tobacco and Substandard health classes
  • E-App or Paper Application Available
  • Application can be completed in 20-25 minutes
  • No Medical exams, bodily fluids or attending physician’s statement (issuance of the policy may depend upon the answers to the health questions set forth in the application)
  • When both spouses purchase policies, one of the policies receives a $35 discount.
  • Policies issued within 1 -7 business days

Simplified Issue (No Medical Exam) Brochure

Sagicor pros and cons

Pros
Pricing
Wide range of life insurance products that do not require a medical exam
Their application process and overall speed
Cons
While Sagicor has a good range of products, other companies may offer better whole life insurance choices

Assurity: Great overall

True Blue’s advice:

Foresters has an excellent instant issue product that approves or denies you within 24 hours.

About Assurity

Focused on serving the needs of Middle America, Assurity specializes in providing innovative protection-based financial solutions for every stage of life. Assurity products can be tailored according to specific individual, family or business situations. They are a certified B organization dedicated to helping the community.

What Assurity offers

Assurity has a range of products for both the individual and business. Their products are competitively priced in every category.

Term Life

True Blue Comments

One of the best-priced no exam policies. Great service and lenient underwriting. Application takes about 20-30 minutes to complete over the phone. Some policies are approved instantly, depending on health history.

Product Features

  • Face amounts starting at $25,000 up to $10 million
  • Accelerated Underwriting and instant decision available up to $500,000 for ages 18-50 and $350,000 for ages 51-65
  • Additional Rider: Accelerated Benefit Insurance Rider for Terminal Condition or Nursing Home Confinement
  • Return of premium benefit – provided under the Endowment Benefit Rider
  • Conversion available to a permanent policy prior to age 65

Term Life Brochure

Acci-Flex Accidental Death Insurance

Product Features

  • Up to $350,000 accidental death benefit to age 75
  • High-risk occupations (police officers, construction workers, fire fighters, truck drivers)
  • Only one health question (HIV). Great for declines due to health
  • High risk hobbyists (motorcyclist, ATV, boating)
  • Mortgage protection/inexpensive alternative
  • Accident-Only Disability Rider (in most states)
  • Same-day service guarantee on qualified E-apps (two-day on qualified paper apps)

Acci-Flex Accidental Death Insurance Brochure

Assurity pros and cons

Pros
Up to $1,000,000 in coverage, without a medical exam
Competitive prices
Cons
Penalizes smokers higher than it’s competitors

Lincoln: Best Service & Reputation

True Blue’s advice:

Foresters has an excellent instant issue product that approves or denies you within 24 hours.

About Lincoln

Lincoln has a long history and a full portfolio of products in the insurance and financial industries. Their term product is one of the lowest priced, and they offer an accelerated no medical exam option for policies under $1 million in coverage. They offer great universal life and annuity products and have full-service financial planning. We focus on their insurance products, of course, and have found their customer service to be exceptional.

LincolnTerm Accel Level Term

True Blue Comments

This is one of the best-priced term policies on the market. For people with excellent health, they often waive the medical exam requirement. A Lincoln representative will take your application by phone. It takes about 30 minutes. Lincoln has a great reputation and excellent customer service.

Safeguarding your family is at the top of your to-do list. And we’ve simplified how you do it. With Lincoln TermAccel life insurance, you can apply for coverage through our quick, secure and fully electronic process. If approved, you’ll have your coverage in a fraction of the time of a traditional life policy!

Whatever the need, Lincoln TermAccel can help protect the people that mean the most to you with a guaranteed income tax-free death benefit.

From competitive pricing to an efficient online eTicket process and streamlined turnaround times, it’s easy to see how Lincoln TermAccel® Level Term is built with your business in mind.

Product Features

  • Affordable protection for middle market clients, ages 18–60
  • 10-, 15-, 20- or 30-year terms with face amounts from $100,000 to $1,000,000
  • Easy and paperless Tele-App electronic ticket process with automated underwriting
  • Lab-free opportunity for qualifying clients
  • Quick approval process means cases are issued in a fraction of the time
  • Guaranteed premiums that stay the same for the length of the term
  • Flexibility to convert to a Lincoln permanent life policy. Ask your advisor what opportunities may apply.
  • Optional Riders: Children’s Term Rider, Accelerated Benefit Rider and Waiver of Premium Rider

LincolnTerm Accel Level Term Brochure

Lincoln pros and cons

Pros
Up to $1,000,000 in coverage, without a medical exam
Good for those with multiple medical conditions
Cons
Time to approval

American National: Great Overall

True Blue’s advice:

Foresters has an excellent instant issue product that approves or denies you within 24 hours.

About American National

American National is one of our favorite companies. They have amazing products, helpful employees, and are willing to work with people who have some health issues.

The customer service is extraordinary.

We often consult with the company’s underwriters before applying to ensure clients get the best-priced policies.

Applications take about 30 minutes to complete over the phone, and an email signature is required.

American National products offer the best living benefit riders we have, for free. The Terminal, Chronic and Critical Illness riders allow you to withdraw from the policy’s death benefit in the event of disability or significant medical expenses.

Regarding the Terminal illness rider, most companies allow access to the death benefit with a diagnosis of fewer than 12 months to live. American National products will enable you to withdrawal the death benefit with a diagnosis of fewer than 24 months. We have witnessed the joy this feature can bring a family.

The prices are not the lowest in the industry, though the free benefits that come with the policies make the products a steal.

We like this company’s ethics.

Signature Term

True Blue Comments

Signature Term product is a great product that offers “living benefits” — benefits you can use while still alive. The product is competitively priced, and the underwriters at American National do an amazing job of offering insurance to people with a medical history. The application is thorough and takes about 30 minutes to complete. The company may request medical records from your physicians in order to make a decision.

Product Features

  • Face Amounts: $100,000 – $1,000,000+
  • Issue Ages: 18-65
  • Term Policies: 10, 15, 20 or 30 years
  • Instant coverage upon approval and first premium payment
  • Optional Riders: Children’s Term Rider, Accelerated Benefit Rider and Waiver of Premium Rider

Signature Term Brochure

Signature Term - No Medical

True Blue Comments

Signature Term Express, a non-invasive and accelerated underwriting process.

ANICO Signature Term Express facilitates 48-72 hour turnaround on approvals with no medical exams or invasive procedures in most cases.

Product Features

  • Face Amounts: $100,000 – $2,499,999
  • Issue Ages: 18-65
  • Term Policies: 10, 15, 20 or 30 years
  • Instant coverage upon approval and first premium payment
  • Optional Riders: Children’s Term Rider, Accelerated Benefit Rider and Waiver of Premium Rider

Signature Term No-Medical Brochure

Signature Simplified Issue Term

True Blue Comments

This is our go-to product in many scenarios. It includes free-living benefit riders which make the product not only a life insurance policy, but also a disability or long term care policy. The benefits are not as comprehensive as stand only disability or long term care policies, though it is a valuable add-on that normally carries a large price.

This product often offers the best price after considering the health conditions of applicants.

In less than 15 minutes you can get the protection your family needs with no medical exam and a price you can afford. Coverage is subject to age limitations and acceptance is based on your answers to a few simple health questions on the online form. We make everything so simple, there’s really no reason NOT to be insured.

Product Features

  • Face Amounts: $100,000 – $2,499,999
  • Issue Ages: 18-65
  • Term Policies: 10, 15, 20 or 30 years
  • Instant coverage upon approval and first premium payment
  • Optional Riders: Children’s Term Rider, Accelerated Benefit Rider and Waiver of Premium Rider

Signature Simplified Issue Term Brochure

Universal Life - No Medical

True Blue Comments

Signature Guaranteed UL is an individual universal life insurance policy that will provide a guaranteed death benefit, assuming that all premiums have been paid as scheduled. You can select a guaranteed length from age 95 to 121 to ensure you do not outlive your policy. Signature Guaranteed UL will pay a tax-free death benefit directly to your named beneficiary to help replace your income, take care of final expenses, and meet your financial promises.

The application takes 25 minutes over the phone. The service is exceptional. The underwriting is lenient.
The product comes with Critical and Chronic Illness riders free of charge.

Product Features

  • Face Amounts: $25,000 – $1,000,000
  • Issue Ages: 18-80 (non-nicotine), 18-75 (nicotine)
  • Instant coverage upon approval and first premium payment
  • Optional Riders: Children’s Term Rider, Accelerated Benefit Rider, Guaranteed Cash-Out Rider, and Waiver of Premium Rider

Universal Life – No Medical Brochure

American National pros and cons

Pros
Competitivly priced no exam term insurance
Fast approval times
Cons
Pricing on fully underwritten term policies

Transamerica: Great Overall

True Blue’s advice:

Foresters has an excellent instant issue product that approves or denies you within 24 hours.

About Transamerica

The companies of Transamerica offer a wide array of innovative financial services and products with a common purpose. Regardless of the distribution method, our mission is to help individuals, families, and businesses build, protect, and preserve their hard-earned assets. With more than a century of experience, we have built our reputation on solid management, sound decisions, and consumer confidence. The Transamerica companies are members of the AEGON Group, a multinational insurance organization headquartered in The Hague, The Netherlands. AEGON is one of the world’s leading life insurance and financial services organizations.

Non Medical SI Trendsetter Term

True Blue Comments

A Simple Approval Process for Life Insurance Coverage

While certain types of life insurance coverage may require a high-involvement, multi-step approval process, a Trendsetter Express term life insurance policy from Transamerica Life Insurance Company can make it easy to get the coverage you need. With the new Trendsetter Express, you can get term life insurance coverage through a simplified approval process that does not require you to take a medical exam. Options are also available for those who want higher amounts of coverage.

Product Features

  • Issue ages: 18-60 years
  • Face amounts: $25,000 to $249,999
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, 25, and 30 years
  • Automatically included riders: Terminal Illness, Chronic Illness, Income Protection Option, and Critical Illness
  • Optional Riders: Monthly Disability Income, Waiver of Premium Benefit, Children’s Insurance (CIR), Accident Indemnity

Non Medical SI Trendsetter Term

Trendsetter Living Benefits

True Blue Comments

This is the best policy for those looking for living benefits. The product includes free Critical and Chronic Illness riders that act similar to a disability or long-term care policy. The application takes about 45 minutes over the phone. Transamerica is a great company.

Most people buy life insurance to leave a financial legacy for those left behind, but what if you suffer from a heart attack, cancer, or stroke, and continue living? It could cause serious financial hardship for you or your family.

That’s where the Trendsetter LB comes in.

Product Features

  • Issue ages: 18-80 years
  • Face amounts: $25,000 to $2,000,000
  • Non-med underwriting* available: Up to $249,999
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, 25, and 30 years
  • Automatically included riders: Terminal Illness, Chronic Illness and Critical Illness
  • Optional Riders: Monthly Disability Income, Income Protection Option (IPO), Waiver of Premium Benefit, Children’s Insurance (CIR), Accident Indemnity

Trendsetter Living Benefits

Transamerica pros and cons

Pros
Term products include living benefits at no extra cost
Term product is no exam up to $249,000
Cons
Price

AIG American General: Best Financial Strength

True Blue’s advice:

Foresters has an excellent instant issue product that approves or denies you within 24 hours.

About AIG American General

AIG American General Life Insurance is one of the largest insurance companies in the world. They have competitively priced products and are one of the best companies to get a policy with whether you are healthy or unhealthy.

Their term and universal life products are priced very well, and they can insure most applicants. They do require a medical exam, and the process can take 4 – 8 weeks. They have one of the best Guaranteed Acceptance policies in the market, which is priced very well.

Overall AIG is a great company, and it feels good to have a policy with such a financially stable business.

Select-a-Term

True Blue Comments

AIG has had one of the most reliable term insurance products for a long time. If you are in excellent health, the prices are some of the lowest in the industry. If you have medical conditions, they tend to provide offers to most applicants.  The product can be customized to have any term period you like, for example, 27 years.

AIG Term products have good conversion options so you can convert some or all of your coverage to a permanent policy.

The product requires a medical exam and a 45-minute telephone interview with an AIG representative. The whole process takes 4 – 8 weeks and tends to take a bit longer than other companies. Once you get your policy, you can feel secure in being covered by one of the largest companies in the world.

Product Features

  • Face Amounts: $100,000 – $1,000,000
  • Custom Term Durations Available: 10, 15-30, 35 year
  • Issue Ages: 20-80
  • Optional Riders: Children’s Term Rider, Accidental Death Benefit, Terminal Illness Rider, and Waiver of Premium Rider

Select-a-Term Brochure

Return of Premium Term

True Blue Comments

American General has introduced a new term life insurance product that provides death benefit protection and a return of premium feature.

ROPTerm bridges the gap between low-cost term insurance and permanent insurance..

ROPTerm is one of the industry’s first term life products to offer a full return of your premium at the end of the level-premium term..

ROPTerm serves a growing niche of people who want the cash values typically associated with permanent insurance as well as the lower cost of term insurance protection.

ROPTerm has guaranteed cash values based on a percentage of the sum of premiums paid. The cumulative premium paid on the policy during the level term period, not including substandard and rider charges, if any, will be paid to the policy-owner at the end of the level term period if the policy is then in force.

ROPTerm may be converted to a level-premium, level-death benefit permanent life insurance plan during the conversion period. If the policy-owner chooses to convert during the level term period, any available cash value will be transferred to the new policy.

Product Features

  • Face Amounts: $100,000 – $500,000+
  • Issue Ages: 20-80
  • Features level-death benefit term plans with fully guaranteed level premiums for the first 15, 20 or 30 years, with coverage expiring at age 95.
  • Available riders include: waiver of premium and child rider.
  • A terminal illness endorsement is provided at no additional premium on those states where it is approved.

Return of Premium Term Brochure

Guaranteed Issue

True Blue Comments

AIG’s Guaranteed Acceptance policy is one of our favorites. It is priced about 20% less than other companies, with exception to Gerber’s policy. The application is completed online with a digital signature and the process takes about 15 minutes to complete. A short phone call is required to verify your identity.

AIG is one of the largest insurance companies in the world, and you can rest easy knowing your policy is with a financially stable insurance company.

Product Features

  • Face Amounts: $5,000 – $25,000
  • Issue Ages: 50-85
  • Premiums are level and are guaranteed not to increase during the policy’s life
  • Quick processing – most cases 15 minutes or less
  • Multiple payment options (ACH, social security debit card, and credit card) for initial and recurring payments
  • Ablility to set delayed billing and specify date.
  • Additional Riders: Chronic Illness Acceleration Benefit and Terminal Illness Benefit

Guaranteed Issue Brochure

Secure Lifetime GUL

True Blue Comments

The Guaranteed Universal Life product is a well-priced product with a unique feature. In year 20, you can get 50% of your paid premiums back, and at 25 years you can opt to get 100% of your premiums back. This option makes this product somewhat of a Return of Premium product.

The product is well priced, and if the return of premium feature is important to you, this is an attractive plan.

The plan requires a medical exam and a 45-minute call with an AIG representative. The policy can take 4 – 8 weeks to get approved, so be prepared to be patient. Once approved, you can feel secure knowing your plan is with one of the largest insurance companies in the world.

AIG is one of the largest insurance companies in the world, and you can rest easy knowing your policy is with a financially stable insurance company.

Guaranteed premium that fits your budget.  The flexible policy design empowers you to structure a premium payment plan that matches your own personal needs and budget. You can choose the number of years or age to which you want the death benefit guaranteed. Then, you can elect to pay premiums over the life of the policy, pay additional premium to potentially shorten the payment period or simply pre-fund the coverage guarantee.

Guaranteed return of premium. If your needs change or you no longer need life insurance coverage, you can surrender the policy in year 20 and receive 50 percent of premiums paid, or in year 25 and receive 100 percent of premiums paid up to 40% of face amount.

Guaranteed minimum cash values. If your needs change, you can reduce the death benefit while maintaining the original coverage guarantee period. This feature proportionately reduces the death benefit, cash values and guaranteed premiums.

Product Features

  • Face Amount: $100,000 +
  • Issue Ages: 18-80
  • Term Policies: 10, 15, 20 or 30 years
  • No health questions to answer
  • Guaranteed death benefit protection
  • Flexible Continuation Guarantee allows policy owners to select their guarantee period and premium funding period
  • Guaranteed cash value accumulation provides flexibility if needed in the future
  • Unique pro-rata adjustments on partial withdrawals allow policy to remain in force with proportionally reduced death benefit, cash values, and guaranteed premiums
  • 24-month rolling target premiums (not available in New York)
  • Consumer-friendly feature
  • Optional Riders: Accidental Death Benefit, Children’s Insurance Benefit Rider, Enhanced Surrender Value Rider, Accelerated Access Solution®, Lifestyle Income Solution®, Terminal Illness Rider, and Waiver of Monthly Deduction Rider

Secure Lifetime GUL

AIG American General pros and cons

Pros
Good for those with medical conditions
Price
Guaranteed issue product
Cons
Time to approval

Fidelity: Best Application Process

True Blue’s advice:

Foresters has an excellent instant issue product that approves or denies you within 24 hours.

About Fidelity

Fidelity has a great instant issue no medical exam policy, which is best suited for people with average health. They also offer two great final expense products. Their applications are the easiest and Fidelity does not check financial or credit history reports, so it takes about 10 minutes to get approved. Fidelity is also a strong company financially. We wish all companies had an application process like Fidelity.

Rapid Decision Express

True Blue Comments

Application takes 10 minutes over the phone, and you’re approved instantly. One of the easiest applications we have. No background or credit checks. Lenient underwriting.

Fidelity Life now offers you term life insurance that features our Rapid Decision process, among the most convenient application and underwriting processes available in the industry. Utilizing the Internet and the active involvement of our underwriters, the application and approval process has been streamlined to allow you to obtain coverage in days, not months. Policy issuance does not require a medical examination. Instead, approval for a policy depends upon your answers to health questions on the application.

Fidelity Life’s Rapid Express product provides guaranteed level premium periods of 10, 15, 20 or 30 years in benefit amounts up to $100,000. Coverage is available for people ages 18 to 65 years.

Product Features

  • Issue ages: 18-65 years
  • Face amounts: $25,000 to $250,000
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, and 30 years
  • Automatically included riders: Accelerated Death Benefit Rider
  • Optional Riders: Dependent Child Rider, Accidental Death Benefit Rider

Rapid Decision Express Brochure

Rapid Decision Final Expense

Rapid Decision Final Expense provides protection for individuals ages 50-85 that can help lessen the burden of covering one’s final expenses which includes, but is not limited to credit card debt, funeral costs, and medical expenses. This permanent whole life coverage is available for amounts starting at $5,000 and up to $35,000.

Policy issuance does not require a medical examination. Instead, approval depends on the answers to health questions on the application and results from database sources. Although the eligibility questions cover individuals with some impairments, this product is not suitable for applicants with serious health or other risk issues or who have a limited life expectancy.

Fidelity Life Association offers vast industry experience, competitive rates and quality service. That is innovation born from over 100 years of experience protecting the families of Middle America.

Product Features

  • Issue ages: 50-85 years
  • Face amounts: $5,000 to $35,000
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, and 30 years
  • Automatically included riders: Accelerated Death Benefit Rider
  • Guaranteed level premiums and face amounts for the life
    of the policy
  • Cash value accumulation, RPU and automatic premium
    loan
  • Matures at age 121
  • No graded period, provides customers with coverage
    immediately when policy goes in force

Rapid Decision Final Expense Brochure

Rapid Decision Senior Life

Rapid Decision Senior Life insurance is designed to fit the needs of individuals ages 50 to 85.

This flexible product offers a choice of either term insurance for those seeking pure protection or whole life for those who wish a cash value accumulation and final expense protection. Each provides customers with partial coverage immediately and full coverage starting in year four.

Policy issuance does not require a medical examination.1 Instead, approval depends on the answers to health questions on the application and results from database sources. Although the eligibility questions cover individuals with some impairments, the products are not suitable for applicants with serious health or other risk issues or who have a limited life expectancy.

Fidelity Life Association offers vast industry experience, competitive rates and quality service. That is innovation born from over 100 years of experience protecting the families of Middle America.

Product Features

  • Issue ages: 50-85 years
  • Face amounts: $10,000 to $80,000
  • Term periods: 10, 20, 30 years, and Whole Life
  • 3-year graded benefit period
  • Simplified underwriting
  • Policies approved in as little as 24-48 hour
  • Optional Riders: Accidental Death Rider

Rapid Decision Senior Life

Rapid Decision Term

Product Features

  • Issue ages: 18-65 years
  • Face amounts: $25,000 to $100,000
  • Term periods: 10, 15, 20, and 30 years
  • Policies approved in as little as 24-48 hour
  • Level death benefit term life insurance renewable to age 95
  • Standard Non-Nicotine and Standard Nicotine
  • Automatically included riders: Accelerated Death Benefit Rider
  • Optional Riders: Dependent Child Rider, Accidental Death Benefit Rider
  • Non Medical Underwriting

Rapid Decision Term Brochure

Fidelity pros and cons

Pros
Easy to complete applications
Fast approval times
Cons
Pricing on fulling underwritten term policies

Full list of best companies by category:

CompanyCategoryReviewsOur rating

Best Overall
57/60

Price
50/60

Approval time
56/60

Service & Reputation
54/60

Products & Features
55/60

Application Process
51/60

Financial Strength
52/60

Scoring table for 40 life insurance companies

While we covered the 10 best life insurance companies above, there are dozens of top rated life insurance providers.

We ranked over 40 companies to determine the best companies. You can see how we rated each company below.

See the Results

Frequently asked questions

How do I know which company is best for me?

Going with any one company of our top 10 list will get you a policy you can rely on, but ultimately the best company depends on your needs and circumstances.

Our agents know the details of every company, and after just a quick call with you, they can narrow down companies to those you qualify for.
Call 1 (866) 816-2100 to speak with a licensed True Blue agent.

Furthermore, there might be times when a company is extra lenient with its approval process in order to fill a quota. Then, once the company reaches its quota, it reverts to the stricter guidelines that are usually in place.

Because we work with more than 60 companies, we see this happen at least monthly. Our experience and the scope of information we have access to help us find the best deal for you — a great policy at a price that might not normally be available.

How do I find the best company?

Choosing the best life insurance product from a top company depends on many factors, such as your age, health, financial situation, the amount of coverage you need, and the purpose of the insurance.

We provide many tools for you to research the different companies and their products. Our health questionnaire aggregates the application questions from every company and how they affect pricing. When you take the questionnaire, we can average a 95% accuracy rate in matching you with the best policy.

Does it matter what policy I choose?

Choosing a policy is not something to be taken lightly. Policies are contracts that last decades and can be vitally important to our loved ones. The application and approval process can be really quick, but the decision process isn’t something to hurry through. Take the time to contact us, so that we can ensure you’ll get the best policy from the best life insurance company.

What happens after I select a company?

After you select a company, our agents will complete the application for you and make sure you’ve chosen the best company. The majority of our agents are members of The Million Dollar Round Table, a designation awarded to the top 1% of financial advisors worldwide.

See what companies you Qualify for

While company research is an important step to make an educated decision on which life insurance policy will be best for you, you may not qualify for your chosen company.

For this reason, we recommend that you take our Health Quiz. It asks the same questions life insurance companies ask during underwriting, and based on your answers, we will filter down results to show just those that you qualify for.

Eliminate the guesswork, see what companies you qualify for.

How to choose the best life insurance company

Many quote providers represent only one company, or a handful of companies they are affiliated with. As a result, you may get a life insurance policy that’s great for them, not you.

An independent agency like True Blue Life Insurance that’s “company agnostic” is the smart way to go.

We’re not married to any one insurance company, and our goal is to get you the best product — regardless of the commission we earn.

We’re in business to serve our customers. Take a look at our reputation and the reviews we’ve earned.

To get assistance of a True Blue licensed agent, you can submit this form or call 1-866-816-2100.

About Brian Greenberg

Brian is the CEO and Founder of True Blue Life Insurance. Brian is licensed to sell life, health, annuities, and property and casualty insurance in all 50 U.S. states. He is the author of The Salesman Who Doesn't Sell and is a member of the Million Dollar Round Table, an organization that consists of the top 1% of financial advisors worldwide.

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